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Individual Insurance
The most successful individuals and families would say that their financial goals and objectives include creating an increasing lifetime income, minimizing taxes, overcoming retirement contribution limits, avoiding pre-591/2 penalties for withdrawals, creating income tax deductions, increasing inheritance, and leaving a legacy. A specifically designed individual life insurance contract can sometimes play a role in accomplishing the following objectives. More specifically their goals and outcomes might include one or all of the following: |
- Acquire Assets More Tax-Efficiently
- Buy Life Insurance with Pre-Tax Dollars
- Create a Family Legacy
- Create a Social Capital Legacy
- Increase Current Spendable Income
- Maintain Maximum Legal Control Over Assets
- Manage Family Business Succession
- Maximize Control Over Social Capital
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- Minimize Estate Taxes
- Minimize Income in Respect of a Decedent Taxes
- Operate Business in Tax-Efficient Environment
- Protect Assets from Creditors
- Provide Incentives for Children
- Pursue Aggressive Tax Planning
- Reduce Estate Expenses and Delays
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