Enhance a Legacy: Pass it on!

Legacy planning is not only for the super wealthy. Passing on a legacy can be as simple as maintaining a loved one’s lifestyle after death or more complex like leaving a gift for charity or paying estate taxes. Life insurance can be an important tool in helping to accomplish these objectives and more.

Whether grandparents want to skip a generation, a second marriage needs to keep things equitable for a blended family, or a single parent needs to provide and protect, life insurance plays a pivotal role in transferring wealth.

Imagine how the client conversation changes if instead of asking, "would you like to buy life insurance to protect your family," you ask, "would you like to leave a legacy for your family?" 

We have you covered with our Legacy Planning resources! Check them out today and reach out to your MVP representative for legacy recommendations.  

Estate Planning is for Everyone

Every client can benefit from estate planning. Of course, estate planning needs vary from client to client, ranging from simple solutions to complex strategies custom-designed for high-net-worth clients.

To help determine the right approach to use with your clients and prospects, refer to this guide for an overview of the many estate planning strategies. Review the information to become familiar with the strategies and target client profiles; then, when you come across opportunities in your book of business, we can help you deliver the best approach to meet clients’ financial wellness needs.

Also, check out these additional resources, and watch our monthly sales solution video: 

Offset Future Tax Uncertainty

As more potential changes in the tax code arise, no one can predict what one will face when they retire. Since many retirement assets generate a tax bill, taxes can undermine your clients' plans and leave them with less than they expect. Fortunately, in addition to a typically federal income tax-free death benefit, life insurance can help. If a policy accumulates enough cash value, taking a one-time loan or withdrawal from it can supplement retirement income. 

Life insurance with cash value growth potential can be a valuable tool for taking control of taxes in retirement by harnessing the power of its tax benefits! Help your clients understand how their assets will be taxed in retirement, and the importance of tax diversification. 

This interactive Tax Challenge Tool from Prudential Financial can help them keep more of their hard-earned money by managing how their retirement assets are taxed. Share this client-approved experience to see how client’s portfolio’s stack up.

This information is provided for educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment or tax advice and is not a recommendation about managing or investing retirement savings.