@Rick_Ferri@LyleKraft@FiSurgi To retain the estate value and pass as much to heirs as possible, life insurance a primary choice for many UHNW. The liquidity and risk transfer difficult to match.
@Rick_Ferri@LyleKraft@FiSurgi Often it means other strategies to reduce the taxable estate like gifting, ILITs, DAFs etc as to not sell appreciated positions and incur the additional taxation.
@gmanfridge@mizzoulegend@MiniRetireMatt My wife is a 1st grade public school teacher in Massachusetts. She’s 37 and in year 15 teaching. She makes $115k annual…
@JimmyZick@FranWalsh73 I don’t think you understand the role of life insurance in financial planning. You transfer the risk while it would be at its most catastrophic while paying a small amount annually for that transfer. The probability of the event occurring is low but impact is enormous…
@JimmyZick@FranWalsh73 This isn’t a zero sum game. You can benefit from the purchase of life insurance and it can be simultaneously profitable for insurance carriers.
@MrSmith8831 @Timcast I don’t think you understand how the presence of rake at a casino works…you are paying a flat fee to the casino not playing against them in poker.
@ZENofLEN@NoSup4u Len you disregarded the entire first part of what he wrote. If you are insulted and referred to as “sick” and “the enemy of the people” and other disparaging remarks over and over again why would you support what is obviously political theatre? For the optics?
@conrads411 Don’t know which IMO/Brokerage you’re with but advise you lean into the study of personal finance and insurance planning while building a client base. Happy to help give advice if needed, been doing it for 10+ years with HNW/UHNW clients and it’s a great occupation.