Life Insurance by Income
What is the best life insurance for high-net-worth individuals?
High-net-worth individuals have unique life insurance needs: estate tax planning, wealth transfer, charitable giving, and business succession. Permanent life insurance (whole life, universal life, indexed universal life) is often used for these purposes. An independent agent can help you design a comprehensive life insurance strategy.
Key Points
- Estate tax planning: life insurance can pay estate taxes
- Wealth transfer: life insurance transfers wealth tax-free to heirs
- Charitable giving: life insurance can fund charitable gifts
- Business succession: life insurance funds buy-sell agreements
- An independent agent can help you design a comprehensive life insurance strategy for high-net-worth individuals