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Enhance your executive benefit package with tax-smart compensation plans funded by life insurance. Connect with us to explore strategic insights that benefit both employer and executive. #ExecutiveBonusPlans #TaxSmartStrategies #LifeInsurance #BusinessInsights

Own a business with multiple partners? If your buy-sell arrangement is funded with life insurance policies owned by the company, the death benefit will be added to your company's value if the provision is triggered. This most likely wasn't part of the original plan. We can help. Reach out for a company valuation, policy audit and some solutions on how to structure things for optimum results. mdare@cplanning 843-817-6298

A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why? Read Complete Article reported By Ira Alok Puranik, ET Online at: https://lnkd.in/g62cyaAM

Some of the benefits of sourcing a Life insurance adviser include. Thorough review and feedback regarding your existing policies, including any insurance held within super. Upfront medical preassessment enabling an indication of how the insurers will view your likelihood for cover. Source the best retail insurer and product in the market for your personal situation. Guidance regarding appropriate cover levels factoring in your personal and financial circumstances. Guidance regarding appropriate policy ownership, factoring in the best outcome from a tax perspective. Assistance throughout the entire implementation process, up until the policy is in force. Ongoing insurance reviews and claims assistance, to ensure benefits are paid as soon as possible at your time of need.

Leveraging tax relief from life insurance With life insurance, the contributor pays a premium to the insurance company and secures a sum paid to their beneficiaries in the event of their death. If an employee purchases a life insurance plan, the premium paid will serve as tax relief when PAYE is being calculated in the following year. Of course, this will apply only if employees declare it, so you are encouraged to take life insurance (for the sake of your beneficiaries and the tax relief opportunities), as well as declare it.

If you have a term life insurance policy, it will expire after a certain period. You can convert some term life policies to permanent policies that never expire and carry a cash value. You must convert your life insurance policy within a specified period, usually five to 20 years. https://lnkd.in/gDTYHepc

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Why do I need a life insurance? Dividend potential One of the benefits of purchasing whole life insurance is that you will be eligible to receive dividends. Although they are not guaranteed, but when dividends are awarded, you can take them in cash, use them to offset your premiums, or use them to buy paid-up additional insurance that increases your coverage and cash value, use them to offset your premiums, or take them in cash.

Secure your future with life insurance that offers living benefits. Your future is in trusted hands—plan today and enjoy the peace of mind that comes with prosperity! #LifeInsurance #LivingBenefits #SecureYourFuture #FinancialSecurity #TrustedHands #PlanToday #ProsperTomorrow #PeaceOfMind #InsuranceProtection #InvestInYourFuture