To say our economy is in a unique position would be an understatement. We have growth, recovering from the pandemic, but inflation is raging and the Federal Reserve is going to try to cool things down. Our country is staring at a huge amount of debt. It felt so good while the government spent, people had free money but now the bill is coming due. Like a credit card that you spent like crazy and now you are sick to your stomach when the bill comes due. So, what does this have to do with wealth transfer? I will be quick.
Your clients have some money earmarked to be passed down and not used as retirement income. Maybe they have gains and should consider paying taxes at a lower rate and placing the money in a single premium life plan.
They would leverage the cash, create a nice death benefit and be able to pass it on… free of federal income tax and free of capital gains tax. Plus, unable to do 2 of the 6 daily living requirements, you can use the money while living. And, about a 10 minute approval process. Can I upset you just a little more? During the quest for “Build Back Better,” there was movement to eliminate the “step up basis” and have the heirs pay taxes upon death and not liquidation. Reminds a lot of us “veteran financial pros” of the saying, “Had to sell the farm to pay the taxes.”
Okay, want the real down and dirty and want an illustration and sales presentation? How about the fact finder and a client video? Come on, of course you do. Click for an appointment, or call us to have a one on one meeting with one of our marketing consultants.
Your clients have some money earmarked to be passed down and not used as retirement income. Maybe they have gains and should consider paying taxes at a lower rate and placing the money in a single premium life plan.
They would leverage the cash, create a nice death benefit and be able to pass it on… free of federal income tax and free of capital gains tax. Plus, unable to do 2 of the 6 daily living requirements, you can use the money while living. And, about a 10 minute approval process. Can I upset you just a little more? During the quest for “Build Back Better,” there was movement to eliminate the “step up basis” and have the heirs pay taxes upon death and not liquidation. Reminds a lot of us “veteran financial pros” of the saying, “Had to sell the farm to pay the taxes.”
Okay, want the real down and dirty and want an illustration and sales presentation? How about the fact finder and a client video? Come on, of course you do. Click for an appointment, or call us to have a one on one meeting with one of our marketing consultants.
 | Until next time… good selling! Raymond J. Ohlson, CLU, CRC, LACP President and CEO The Ohlson Group 1-877-844-0900 |
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