Use Life Insurance To Transfer Your Wealth
You have done well in life and want to pass on your assets to your spouse, younger generations, or favorite charities. You have two options to do this — you can either assign your assets to beneficiaries through a will and/or a trust OR, you could use life insurance products. The benefit of doing this is that you can create wealth with this tool and thereby increase the amount passed that is passed on to your recipient. Personalinsure.about.com reports:
Single premium life insurance is a valuable investment when it comes to wealth creation and transfer. With this type of life insurance, a single premium is deposited, creating an immediate death benefit that is guaranteed until the owner passes away.
Read more: Transferring Wealth with Life Insurance
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