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.

The Role of Life Insurance in Estate Planning

Estate planning is often thought of as something that only applies to the very wealthy. In reality, there are several fundamental components of estate planning that everyone should consider to ensure their loved ones are cared for and their legacy lives on as intended. 

Life insurance is widely used in estate planning because it provides an important source of liquidity at the death of the insured. Since death benefits are usually received free of income tax, insurance proceeds can be free of estate tax as well, with proper estate planning. Whether it is used for personal, business, or charitable reasons, life insurance can help your clients plan for the future. 

MVP Financial has estate planning resources to assist you with proper planning for your clients. 

Use #EstatePlanningAwarenessWeek in your social media posts.

A Real-Life Solution in 2018

Well now, that was a year! The talking heads have already enjoyed analyzing what occurred over the 365 days of 2017…

The stock market continues an unprecedented rise, while the nation experiences very reasonable unemployment numbers.

Congress has finally passed an income tax relief package. The effect of this legislation will not be fully known for most people until the end of 2018.

Many of the powerful people we have listened to or watched have admitted their human failings, after causing others tremendous pain.

The United States seems to be the target of nature’s fury. Hurricanes, droughts, fires, floods and blizzards. And mass killings are no longer isolated events.

But life goes on for the average person, and our responsibility continues to center around the protection of families and businesses.

Would things be different if everyone owned life insurance? Life insurance: the miracle of creating an instant estate with a signature. An instant pot of income-tax-free money for the people we love, or to the people we owe money to, or to assure that our business can continue without us, if we can't fulfill our promises due to premature death.

And, the amazing value of our product continues to improve. We now have the ability to access that same bucket of money for sustained health care costs. The escalating costs that our elected officials, our medical professionals, pharmaceutical companies, and insurance companies cannot contain.

Oh, by the way, we have products that now allow access to the face amount of our policies if we live too long and need the benefit while we are alive. SERIOUSLY!

During times of uncertainty and stress, we can be and should be a calming, re-assuring voice.

MVP Financial welcomes your partnership and looks forward to being the real-life solution for the protection of your customers in 2018.

Happy New Year!