It is expected that President Obama will keep the estate tax in force, so how do you plan to protect your assets?

One way to address the estate tax is with insurance. In fact, life insurance is known by many to be the number one means of augmenting wealth transfer from generation to generation.

Are you suffering from a lack of liquidity?

Did you know that a life policy can be purchased inside an Irrevocable Life Insurance Trust and paid for in part or entirely by a life insurance premium loan?

Whether you have an estate plan in place or not, consider Life Insurance Premium Financing.

Typically, people do not utilize their insurable capacity because it is cost prohibitive to pay the exorbitant annual premiums. That is where Life Insurance Premium Financing can be a valuable tool. We provide a loan in order to pay the premiums for a new life insurance policy. The net proceeds are eventually distributed to the beneficiaries tax-free and are typically used to pay the estate tax due within nine months of death. Without such financial foresight, heirs may be forced to quickly liquidate significant assets to satisfy estate tax obligations.

Using the net death benefit to absorb the estate tax is specifically ideal for older persons looking to pass on their assets to their families; however, this is just one of a variety of solutions.

Banyan Life Financial was named Best Estate Planning & Wealth Manager of 2007 by Miami Sun Post. Contact us today to learn how life insurance premium financing can benefit your estate plan.