|
This new tool helps you with clients who do not need access to all their net worth during their lifetime. |
These clients are custodians of a legacy for future generations, but they may be paying unnecessary tax on its growth. Life insurance can help reduce taxes and maximize transfer of wealth to the next generation, in addition to providing protection in the event of death. |
Until now you‘ve used Insured inheritance to explain this strategy. Now this strategy has a new name and added features. Say hello to Estate transfer with cash withdrawal. It helps you show estate transfers – or estate transfers with cash withdrawals – by giving you one tool that illustrates both options.
|
What’s changing?
The new tool can do everything Insured inheritance can do – and more. |
- New user interface, consistent with current tools
- Updated, simplified client positioning
- Capital-efficiency discussion
- Optional break-even analysis
- Ability to show asset transfer as line or bar chart
- Summary of cumulative premiums and estate values for life insurance compared to investments
- More detail and options in the detailed report
- Ability to move assumptions page to beginning or end of report
|
The new tool is available to download today. The Insured inheritance tool will be phased out in the near future.
|
Target clients
This strategy is suited for clients who: - Need life insurance and are interested in the benefits of permanent insurance
- Pay annual taxes on non-registered investments
- Want to reduce taxes on investment income
- Want to leave a legacy
- Want to access the cash value of their policy without incurring debt
|
Download the tool and learn more today
On Canada Life RepNet™, go to:
Products & tools > Life insurance > Sales strategies > Individual strategies.
For more information about the Estate transfer with cash withdrawal strategy and tool, contact the MGA, branch or regional marketing centre nearest you. |
|
