A strategy to maximize your support of your favourite charity
|
|
- Lora Perkins
- 8 years ago
- Views:
Transcription
1 A strategy to maximize your support of your favourite charity
2 Planned giving Planned giving using life insurance is for individuals who Feel compassion and want to give to a cause in which they personally believe Want to maximize the impact of their giving, while offsetting current and future tax obligations
3 Planned giving Planned giving using life insurance can help you to Support your favourite charitable organization in a more significant way than you may have been able to before Protect the value of your estate by avoiding erosion due to taxes, probate and administration fees We make a living by what we get, but we make a life by what we give. Winston Churchill
4 Why planned giving? You can distribute your assets to the following three groups
5 Why planned giving? Planned giving using life insurance allows you to decide how your estate will be distributed. Life insurance can be used to: Make gifts to your favourite charity Leave an inheritance to your heirs Pay taxes, so more of your estate is available for charities or your heirs
6 Consider this You may not use all your net worth in your lifetime, so it may ultimately be gifted to a charity. Does it make sense to pay income tax on the growth each year? Permanent life insurance lets you accumulate cash value, within certain legislative limits, without paying tax on it until you withdraw it from the policy. Upon death, your named beneficiaries receive the death benefit tax-free. During your lifetime, you can contribute up to 75 per cent of your net income to charity. In the year of death and the preceding year, you can contribute up to 100 per cent of your net income to charity.
7 Now or later A couple, male age 47 and female age 45, want to donate $5,000 a year to their favourite charity
8 You have some choices Cash donations--take tax receipts for the donations as they are made. Charity owns policy--buy a life insurance policy, donate it to the charity, then take tax receipts as the premiums are paid. Couple owns policy-- Buy a life insurance policy, retain ownership, then at death take a tax receipt for the proceeds paid to the charity. Which is best for you?
9 Compare the impact of your choices Life insurance owned by the charity or the couple A couple, male age 47 and female age 45, both non-smokers, standard underwriting risks, buy a permanent joint-life insurance policy, with proceeds payable on the death of the last to die, with premiums of $5,000 annually for 20 years. This example is based on average illustrated permanent life insurance death benefit values from four of Canada s largest life insurance companies. Actual results vary with age, gender, health, return provided in the policy and other factors. For an explanation of the assumptions used in present value calculations, please refer to the Important considerations section.
10 It depends Do you want to maximize the gift your charity receives? Do you need the tax credit today? Can you use the full deduction at death to offset taxes on your estate? Do you want the flexibility to change which charity receives the donation? Please consult your financial security advisor for a personalized example of how this concept may apply to you.
11 Important considerations An exempt life insurance policy is defined in Regulation 306 of the Income Tax Act (ITA). The ITA provides that the savings element is exempt from annual accrual taxation, provided certain conditions are met. Permanent life insurance values illustrated are based on these companies illustration software: London Life, Great-West Life, Manulife and Sun Life. Values illustrated were current as of July 17, Values illustrated in this example are not complete without cover pages, reduced examples and product feature pages from these companies having the same date. Further details on the assumptions used can be obtained upon request. The total death benefit at the assumed date of death includes guaranteed and non-guaranteed values. Present values of cash donations and tax credits are based on an interest rate of three per cent, a tax rate of 45 per cent over a 20- year period and Ontario residency. The present value of the death benefit is based on an interest rate of three per cent and the younger insured s life expectancy of age 85. Tax credits vary by province. This material is for information purposes only and shouldn t be construed as legal or tax advice. Every effort has been made to ensure its accuracy, but errors and omissions are possible. All comments related to taxation are general in nature and are based on current Canadian tax legislation for Canadian residents, which is subject to change. Persons who are not residents in Canada, or who are resident in Canada but are citizens of another country, may be subject to different tax rules in Canada and may also be subject to taxes levied by jurisdictions other than Canada. For individual circumstances, consult with legal or tax professionals.
insurance solutions isn t static, neither is your business Protect life Corporate collateral loan strategy
Life insurance solutions isn t static, neither is your business Protect life Corporate collateral loan strategy Increase your business cash flow with corporately owned life insurance from Canada Life Business
More informationMaximizing Your Philanthropic Gift: Effective Charitable Giving Strategies Using Your Holding Company
Maximizing Your Philanthropic Gift: Effective Charitable Giving Strategies Using Your Holding Company Canadians are generous people. Every year, thousands of Canadians support the causes they believe in
More informationEstate Planning and Planned Giving
Estate Planning and Planned Giving Presented By Richard S. Niedermayer and John Tompkins Agenda Estate planning Why have a will? New Wills Act amendments Taxation on death Charitable bequests Charitable
More informationDo You Have the Right Life Insurance?
Do You Have the Right Life Insurance? Having adequate life insurance should be an important part of your financial planning. The type(s) you choose will depend on your needs and goals. Life insurance was
More informationWealth Achiever participating life insurance illustration Max 20
Wealth Achiever participating life insurance illustration Max 20 Canada Life's permanent participating life insurance gives you a foundation of basic cash value that is guaranteed, tax-advantaged growth,
More informationFinancial security at death. Why life insurance? Let s talk about how life insurance protects you
Financial security at death Why life insurance? Let s talk about how life insurance protects you Who needs life insurance? People with responsibility for others n Take care of the immediate challenges
More informationCorporate estate transfer with cash withdrawal
Life Insurance Solutions guarantees products assets opportunities growth capital protection income benefit solutions options stability Plan today. Provide tomorrow. Corporate estate transfer with cash
More information> The Role of Insurance in Wealth Planning
> The Role of Insurance in Wealth Planning Insurance solutions for planned giving A S S A N T E E S T A T E A N D I N S U R A N C E S E R V I C E S I N C. Insurance solutions for planned giving Charitable
More informationCorporate asset efficiency
Life insurance solutions Corporate asset efficiency Manage. Access. Preserve. A smart solution for professionals permanent life insurance, a unique asset that can offer tax-advantaged growth. Consider
More informationProtection Solutions. This is all about. Insured Annuities. with Standard Life
Protection Solutions This is all about Insured Annuities with Standard Life Hello. What is an Insured Annuity? The insured annuity uses two products: a prescribed annuity and life insurance. The prescribed
More informationCharitable Planned Giving
` Insuring the Future In this Newsletter: Charitable Planned Giving Legislative Changes John Jordan, CFP CERTIFIED FINANCIAL PLANNER Phone: (519) 272-3112 Toll Free: (866) 272-3112 Fax: (519) 662-6414
More informationLondon Life participating life insurance
Your guide to London Life participating life insurance Value, strength and choice What you ll learn from this guide This guide, combined with professional advice from your financial security advisor, helps
More informationYour guide to Great-West Life Participating life insurance
Your guide to Great-West Life Participating life insurance This guide provides a high-level overview of key features of Great-West Life participating life insurance. After you review this guide, talk with
More informationCreating a Life Legacy
Creating a Life Legacy Prepared for: Client Presented by: Bernie Geiss, TEP, FEA, CLU, CFP Cove Continuity Advisors Inc. October 2009 Issues and Considerations Successful investors have accumulated capital
More informationCHAPTER 8 TAX CONSIDERATIONS
CHAPTER 8 TAX CONSIDERATIONS Life insurance traditionally has enjoyed favorable tax treatment. The major advantages are (1) the death benefits of a life policy payable to a beneficiary are not subject
More informationplaintalk about life insurance
plaintalk about life insurance The right life insurance protection can have an enormous effect on your life and the lives of those you love. It can mean the difference between leaving your loved ones well
More informationLife Insurance and Financial Planning Moving from Needing to Wanting. Or Why do High Net Worth Clients Buy Life Insurance. Important information
Life Insurance and Financial Planning Moving from Needing to Wanting Florence Marino, LL.B., TEP AVP Tax & Estate Planning Group Or Why do High Net Worth Clients Buy Life Insurance Florence Marino, LL.B.,
More informationHow To Save An Annuity From Being Lost At The Hands Of The Taxman
Annuity Rescue Strategy An estate planning technique for individuals who own deferred annuities with sizable growth. Transamerica Occidental Life Insurance Company Despite the advantage of tax-deferred
More informationYour guide to Canada Life s participating life insurance. Estate Achiever Wealth Achiever
Your guide to Canada Life s participating life insurance Estate Achiever Wealth Achiever This guide provides an overview of key features of participating life insurance products offered by Canada Life.
More informationThe Personal and Corporate Asset Transfer Plans
Advisor Guide The Personal and Corporate Asset Transfer Plans Someone is going to profit from your client s hard work. Shouldn t it be their family? Table of Contents Introduction to Personal and Corporate
More informationplain talk about life insurance
plain talk about life insurance The right life insurance can have an enormous effect on your life and the lives of those you love. It can mean the difference between leaving your loved ones well positioned
More informationMAXIMIZATION ANNUITY STRATEGY. An estate planning technique for individuals who own deferred annuities with sizable growth.
ANNUITY MAXIMIZATION STRATEGY An estate planning technique for individuals who own deferred annuities with sizable growth. Transamerica Occidental Life Insurance Company Preserving Hard-Earned Assets As
More informationIRA Maximization. Wealth transfer strategies to enhance your legacy CLC.1124 (05.14)
Maximization Wealth transfer strategies to enhance your legacy CLC.1124 (05.14) Congratulations! For many years you ve put in the hard work planning, saving and investing for retirement. With all of that
More informationCharitable Gifts of Life Insurance 1
Charitable Gifts of Life Insurance The Situation Many wealthy individuals have a history of giving to their favorite charities. They may want to make sure that these gifts continue should they die prematurely.
More informationAn n u i t y. Preserving Hard-Earned Annuity Assets. t r a n s a m e r i c a 1
An n u i t y Maximization Strategy Preserving Hard-Earned Annuity Assets t r a n s a m e r i c a 1 Alternatives to help protect financial assets, increase current income stream, or decrease income tax
More informationAdvisory. Will and estate planning considerations for Canadians with U.S. connections
Advisory Will and estate planning considerations for Canadians with U.S. connections Canadian citizens and residents may be exposed to U.S. estate, gift, and generation-skipping transfer tax (together,
More informationFinancial security protection tailored for your lifestyle
G R E A T - W E S T L I F E U n i v e r s a l l i f e i n s u r a n c e Financial security protection tailored for your lifestyle F A L L 2 0 0 6 G r e a t - W e s t u n i v e r s a l l i f e i n s u
More informationLIFE INSURANCE. for the WEALTHY The myth-busting benefits
APRIL 2014 LIFE INSURANCE for the WEALTHY The myth-busting benefits KEY INSIGHTS: 1. Insurance can help preserve affluent lifestyles 2. Permanent life insurance can protect or enhance financial capital
More informationAnnuity Maximization Strategy
Annuity Maximization Strategy Preserving Hard-Earned Annuity Assets t r a n s a m e r i c a 1 Alternatives to help protect financial assets, increase current income stream, or decrease income tax liabilities
More informationUNIVERSAL LIFE INSURANCE. Flexible permanent protection
UNIVERSAL LIFE INSURANCE Flexible permanent protection A solution to your financial security needs and goals Universal life insurance from London Life At London Life, we create products to help you meet
More informationMinimizing taxes on death
TAX, RETIREMENT & ESTATE PLANNING SERVICES WEALTH TRANSFER STRATEGY 9 Minimizing taxes on death Nobody likes to think about their death and who wants to pay more tax than they have to? But, with a little
More informationLife insurance solutions for. business owners
Life insurance solutions for business owners Life insurance solutions for business owners What s the best life insurance for business owners? It depends on where you see yourself in the future and at which
More informationProgram Highlights & Fact Finder
Executive Bonus Plan Program Highlights & Fact Finder A Rewarding Way to Retain Key Executives Executive Bonus Plans can be an effective way to reward selected employees or owners while providing tax deductions
More informationLife insurance provides
ADVISOR USE ONLY 1 Impact of 217 tax changes on life insurance THE DETAILS Life insurance provides protection, but some policies also allow clients to accumulate savings on a tax-preferred basis. The Income
More information> The Role of Insurance in Wealth Planning
> The Role of Insurance in Wealth Planning Tax-sheltered investing using life insurance A S S A N T E E S T A T E A N D I N S U R A N C E S E R V I C E S I N C. Tax-sheltered investing using life insurance
More informationGiving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance
Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance A gift of life insurance can represent a substantial future gift to a favorite charity at relatively little cost to you. Table of
More informationOverview of Canadian taxation of life insurance policies. New tax legislation for life insurance policies. January 2015
January 2015 Overview of Canadian taxation of life insurance policies Life insurance plays an increasingly important role in financial planning due to the growing wealth of Canadians. Besides the traditional
More informationPlain talk about life insurance
Plain talk about life insurance Questions Do you need life insurance? How much life insurance do you need? What are the different types of life insurance you can buy? What is the right type of life insurance
More informationA CLOSER LOOK AT LIFE INSURANCE
Equitable Life offers term plans, a participating whole life plan, a non-participating whole life plan and two universal life plans. This chart takes a closer look at and highlights some of the key differences
More informationPlanning Solutions. Executive Bonus Plan. Program Highlights & Fact Finder. Transamerica Occidental Life Insurance Company
Planning Solutions Executive Bonus Plan Program Highlights & Fact Finder Transamerica Occidental Life Insurance Company A Rewarding Way to Meet Financial Goals Providing for the family, putting the kids
More informationEx e c u t i ve Bo n u s Pl a n
Ex e c u t i ve Bo n u s Pl a n Program Highlights & Fact Finder A Rewarding Way to Retain Key Executives In today s highly competitive business landscape, it is increasingly difficult to attract and retain
More informationA Sole Proprietor Insured Buy-Sell Plan
A Sole Proprietor Insured Buy-Sell Plan At a sole proprietor s death, the business is dissolved and all business assets and liabilities become part of the sole proprietor's personal estate. Have you evaluated
More informationGIFTS OF LIFE INSURANCE
GIFTS OF LIFE INSURANCE A gift of life insurance is an attractive way of making a charitable donation because it enables a donor to make a significant future gift at a modest cost. A number of gifting
More informationPhilanthropy and life insurance. Presented by: Milan Legris, LL.B., LL.M., TEP
Philanthropy and life insurance Presented by: Milan Legris, LL.B., LL.M., TEP Important considerations This material is for informational purposes only and should not be construed as accounting, legal
More informationEstate Planning. Insured Inheritance. Income Shelter. Insured Annuity. Capital Gains Protector
Estate Planning Insured Inheritance The Insured Inheritance concept demonstrates an opportunity to shelter a lump sum investment from income tax and to ensure that the maximum tax-free dollars become available
More informationInsurance. Survivorship Life. Insurance. The Company You Keep
Insurance Survivorship Life Insurance The Company You Keep Permanent Life Insurance Protection for Two People You ve built a legacy, but who will be the recipients your heirs or the IRS? 1 Now is the time
More informationWhole Life Insurance. John Perre Regional Life Sales Manager
Introduction to Whole Life Insurance John Perre Regional Life Sales Manager Agenda Introduction to Equitable Life Stock company VS a mutual company Benefits of dealing with a Mutual Company Introduction
More informationFact Finding Guide. Estate Preservation
Fact Finding Guide Estate Preservation Fact Finding Guide This Fact Finding Guide helps you gather the important information you need to show your clients how life insurance can be used to offset final
More information> A Lifetime of Financial Security and Peace of Mind
> A Lifetime of Financial Security and Peace of Mind Insurance solutions to meet your personal and business needs ASSANTE ESTATE AND INSURANCE SERVICES INC. Introducing Assante Estate and Insurance Services
More informationpersonal retirement account Give your client s retirement plan some real leverage
personal retirement account Give your client s retirement plan some real leverage A retirement savings strategy using universal life insurance Here s the story Janet is 40 and a partner in a large law
More informationCONNECTION TO CONTINUE YOUR THE NEXT GENERATION LIVING BY WHAT WE GET, BUT WE MAKE A LIFE BY WHAT WE GIVE. PACIFIC SELECT SURVIVORSHIP VUL
CONTINUE YOUR CONNECTION TO THE NEXT GENERATION Pacific Life Insurance Company PACIFIC SELECT SURVIVORSHIP VUL Flexible premium last survivor variable universal life insurance with indexed options CLIENT
More informationHERMENZE & MARCANTONIO LLC ADVANCED ESTATE PLANNING TECHNIQUES - 2015
HERMENZE & MARCANTONIO LLC ADVANCED ESTATE PLANNING TECHNIQUES - 2015 I. Overview of federal, Connecticut, and New York estate and gift taxes. A. Federal 1. 40% tax rate. 2. Unlimited estate and gift tax
More informationTotal Financial Solutions. Practical Perspectives on Tax Planning
TM Trademark used under authorization and control of The Bank of Nova Scotia. ScotiaMcLeod is a division of Scotia Capital Inc., Member CIPF. All insurance products are sold through ScotiaMcLeod Financial
More informationMillennium universal life insurance
Millennium universal life insurance Permanent protection that can change with you Millennium universal life insurance Over the years, you ve worked hard to build the lifestyle you enjoy today. You ve made
More informationYour guide to participating life insurance SUN PAR PROTECTOR SUN PAR ACCUMULATOR
Your guide to participating life insurance SUN PAR PROTECTOR SUN PAR ACCUMULATOR Participate in your brighter future with Sun Life Financial. Participating life insurance is a powerful tool that protects
More informationMaking the Most of Your Charitable Gifts for 2015
Making the Most of Your Charitable Gifts for 2015 January 30, 2015 No. 2015-07 Canada s tax incentives for charitable donations are designed to make it easier for you to support your favourite charities.
More informationPLANNED GIVING A GUIDE FOR CLIENTS. Planned giving lets you continue to help others even after you are gone. Life s brighter under the sun
PLANNED GIVING A GUIDE FOR CLIENTS Planned giving lets you continue to help others even after you are gone. Life s brighter under the sun Planned gifts are more essential than ever to organizations working
More informationSpousal Lifetime Access Trust Using Legacy Advantage SUL Insurance Policy
Spousal Lifetime Access Trust Using Insurance Policy Supplemental Illustration Valued Client & Valued Client Prepared by: MetLife Agent 2 Park Ave. New York, NY 1166 Insurance Products: Not A Deposit Not
More informationTAX-EXEMPT LIFE INSURANCE
TAX-EXEMPT LIFE INSURANCE For wealth creation and estate maximization The strategies, advice and technical content in this publication are provided for the general guidance and benefit of our clients,
More informationTerm life insurance. from Great-West Life. Cost-effective, flexible and convertible coverage
Term life insurance from Great-West Life Cost-effective, flexible and convertible coverage It s about your needs Convert to a longer term If you elect a term 10 life insurance policy, you can convert to
More informationThe Charitable Remainder Trust: A Valuable Financial Tool for the Agricultural Family
The Charitable Remainder Trust: A Valuable Financial Tool for the Agricultural Family An Educational Resource From Solid Rock Wealth Management By Christopher Nolt, LUTCF Introduction A charitable remainder
More informationClient Profile. Platinum Financial
Client Profile CA Mr. Smith is 62 and Mrs. Smith is 61 Their annual income is $300,000 Their total net worth is $5 M which includes $1 M of IRA and some rental properties and brokerage account They have
More informationPrepared For: The Client Family
Annuity Maximization Estate Planning and Deferred Annuities - Annuitization Prepared For: The Client Family Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA and
More informationLondon Life term life insurance
Your guide to London Life term life insurance C o v e r a g e t h a t c a n c h a n g e w i t h y o u Term life insurance from London Life London Life term life insurance enables you to buy the protection
More informationA guide to InnoVision
A guide to InnoVision Universal Life THE MANUFACTURERS LIFE INSURANCE COMPANY InnoVision insurance that fits your life Your decision to buy life insurance is a responsible choice made to protect the future
More informationUniversal Life. What is Universal Life? The Structure of a Universal Life Policy. A Flexible, Tax-Sheltered Investment Program
Many Canadians consider their Registered Retirement Saving Plan (RRSP) to be their best tax shelter. However, Universal Life (UL) insurance has become an increasingly popular long-term financial planning
More information4794-00A-MAR15. Product Brochure
4794-00A-MAR15 Product Brochure ParPlus & ParPlus Junior Assumption Life, one of the few remaining mutual life insurance companies in Canada, is proud to offer its latest participating life insurance products
More informationA Guide to Planned Giving
A Guide to Planned Giving Dear Friend of Mosaic, Planned giving provides many benefits for you and Mosaic. There are ways to increase your income now or in the future and save money on taxes. With a planned
More informationTerm Life Insurance for CARP Members. Protection that fits your life. Today and for years to come.
Term Life Insurance for CARP Members Protection that fits your life. Today and for years to come. Finally, An Insurance Plan That Let s You Live Life On Your Terms Since none of us can predict what tomorrow
More informationDo creditor protection concerns exist within the company? Ultimately, who will receive the proceeds of your insurance?
Corporate Owned or Personal Owned Life Insurance When considering life insurance as a shareholder of an incorporated business, you may have wondered if your life insurance policy should be personally owned,
More informationCONNECTION TO CONTINUE YOUR THE NEXT GENERATION PACIFIC SELECT SURVIVORSHIP VUL
CONTINUE YOUR CONNECTION TO THE NEXT GENERATION Pacific Life Insurance Company PACIFIC SELECT SURVIVORSHIP VUL Flexible premium last survivor variable universal life insurance with indexed options CLIENT
More informationESTATEMAXTM. The Power of Participating Life Insurance
ESTATEMAXTM The Power of Participating Life Insurance What is EstateMax? EstateMax is a participating whole life insurance plan offered by Empire Life that combines permanent life insurance with the unique
More informationHow To Reduce Income Taxes In 2014
T A C I T A strategy for reducing income taxes in 2014 Tax deduction for you Avoid capital gains Charitable contribution Income for life or Tax-free passing of assets to your heirs Prepared by Elliot Goldberg
More informationRegistered Retirement Income Funds
Registered Retirement Income Funds Registered Retirement Income Funds Most Canadians are familiar with registered retirement savings plans (RSPs). Many spend decades accumulating wealth in these tax deferred
More informationCharitable Gifts of Life Insurance. in brief
Charitable Gifts of Life Insurance in brief Why Life Insurance? Leverage The greatest advantage of a gift of life insurance is that a donor can make a substantially larger gift to charity by using life
More informationThe Mystery and Magic of Life Insurance As A Gift Planning Option
The CAGP Niagara/Golden Horseshoe Roundtable Presents: A Professional Development Luncheon The Mystery and Magic of Life Insurance As A Gift Planning Option David Wm. Brown CLU, ChFC, CFP, RHU, TEP Wednesday,
More informationFlexible Premium Adjustable Life Insurance Policy Illustration
Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Sample Sample MetLife 11225 N Community House Rd Charlotte, North Carolina, 28202 Tel: 5555555555 MetLife
More informationThe Corporate Investment Shelter. Corporate investments
September 2012 The Corporate Investment Shelter Many successful business owners retire with more assets than they need to live well. With that realization, their focus can shift from providing retirement
More informationCorporate Estate Transfer Strategy
Transamerica s Monarch Series Client Guide Corporate Estate Transfer Strategy Monarch Series The logic behind the solution Monarch Series The logic behind the solution The logic behind the solution Transamerica
More informationTotal Financial Solutions. Practical Perspectives on Estate Planning
Total Financial Solutions Practical Perspectives on Estate Planning Contents Why estate planning? 2 A holistic approach 3 Where to start 4 Examine all aspects of your life to 4 ensure your estate plan
More informationSalary vs. dividends for business owners
Salary vs. dividends for business owners One of the most recurring questions business owners ask is - should they take salary or dividend income from their business? Some accountants suggest a bonus-down
More informationLife insurance It s not just for dying anymore. Wednesday, 21 September, 11
Life insurance It s not just for dying anymore Questions Do you need life insurance? How much life insurance do you need? What are the different types of life insurance you can buy? What is the right type
More informationBy pa s s Tru s t. Program Highlights & Fact Finder
By pa s s Tru s t Program Highlights & Fact Finder Trusts have always played an important role in estate planning by allowing you to direct how your assets will be distributed after death What Is a Bypass
More informationRethinking Charitable Giving
Rethinking Charitable Giving The Benefits of Charitable Gift Annuities when used in Conjunction with Universal Life Insurance with a Long Term Care Rider Important disclosures This presentation is designed
More informationGIVE YOUR Parents a Retirement pension
GIVE YOUR CLIENTS A RAISE, LONG AFTER THEY RETIRE The executive retirement account A strategy using exempt life insurance. Here s the story Robert, 45, is the owner-manager of ABC Manufacturing (ABC) and
More informationInsured Annuities Introduction How Does it Work? Annuity Characteristics Life Insurance Characteristics
Insured Annuities Introduction An insured annuity is an arrangement that involves the purchase of two contracts: a life annuity and an insurance policy. When viewed together, the combination of these contracts
More informationGifts of Life Insurance
Gifts of Life Insurance Effective Ways to Make Them If you have a desire to make a major contribution to support our good works, life insurance can be an excellent tool for helping you accomplish your
More informationGifts of Life Insurance
Gifts of Life Insurance Effective Ways to Make Them If you have a desire to make a major contribution to support our good works, life insurance can be an excellent tool for helping you accomplish your
More informationHow To Tax A Life Insurance Policy On A Policy In The United States
Taxation of Life Insurance Policy Loans and Dividends Introduction Policyholders are required to include in income any gains realized upon the disposition of all or a portion of their interest in a life
More informationRetirement Enhancer. A tax-efficient way to enhance your retirement income using universal life insurance
Retirement Enhancer A tax-efficient way to enhance your retirement income using universal life insurance Will you have enough retirement income to fulfil your dreams? Today, many of us are living longer
More informationOPTIMAX. Permanent Participating Life Insurance. Tools for your financial future
OPTIMAX Permanent Participating Life Insurance Tools for your financial future YOU NEED INSURANCE Everyone needs insurance, but the insurance world can be utterly confusing Term 10, Term to 100, Universal
More informationLifetime income benefit
London Life segregated policies Lifetime income benefit Guarantee your income for life GUARANTEES PROTECTION STRENGTH Financial strength and stability London Life, together with Great-West Life and Canada
More informationWealth Transfer Planning
Wealth Transfer Planning For Business Owners ESTATE PLANNING SERVICES Merrill Lynch does not provide tax, accounting or legal advice. Any information presented about tax considerations affecting client
More informationProtect your business and enhance your financial security. Business Insurance Strategies
Protect your business and enhance your financial security Business Insurance Strategies Ensure your financial security There are often distinct advantages to being a significant shareholder in a private
More informationA Primer on Corporate-Owned Insurance What You Need to Know Now to Protect Your Family s Future. by Shafik Hirani
What You Need to Know Now to Protect Your Family s Future by Shafik Hirani Business Owners need life insurance like anyone else, but many don t understand how to properly structure their Policies to take
More informationTHE CONSTRUCTION OF A SURVIVORSHIP LIFE INSURANCE POLICY
THE CONSTRUCTION OF A SURVIVORSHIP LIFE INSURANCE POLICY PERTINENT INFORMATION Mr. and Mrs. Kugler are considering $1,000,000 of life insurance to provide estate liquidity at the survivor s death to cover
More informationLife Insurance Planning
Life Insurance Planning Life insurance is most commonly used to protect against the risk of economic loss due to the premature death of the insured. It is increasingly used to preserve estates by providing
More informationThe State Life Insurance Company P. O. Box 6062 Indianapolis, IN 46206-6062
P. O. Box 6062 Indianapolis, IN 46206-6062 Life Insurance Illustration Single Premium Deferred Individual Retirement Annuity and Current Interest Whole Life Insurance with Long-Term Care Benefits for Either
More information