"Unlocking the Benefits: Who Should Consider a $100 Million Life Insurance Policy?"

Who should purchase a 100 Million Dollar Life Policy?

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Being a careful money conscious adviser to my clients, I look for ways that help them save money and time every way possible.

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Life insurance is one way they can have their cake and eat it too. With longevity and interest rates, I find that many clients end up using their assets themselves instead of leaving it to their loved ones.

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A long time ago I was introduced to a concept called “Insured Annuities”, under which you bought an insurance policy for the same amount as your investment.?The investment was depleted during the owner’s lifetime, but life insurance paid that same amount tax free to the next generation.?This strategy is only useful when implemented at the right age and health status.

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Sticking to the same strategy, I have developed a proposal that gives my client’s 3 benefits which I refer to as “3 Pillars of Life”:

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1.?????Tax free growth – Guaranteed cash values and dividends

2.?????Tax Free life benefit – in case of a premature death

3.?????Tax Efficient Retirement income - longevity

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Not everyone needs a large life insurance policy. Here are a few questions for you to determine if you are a candidate for one:

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• Do you own properties that have gained value over time such as cottages, buildings, commercial or residential (besides your principal residence)?
• Do you have other estate assets which have taxable assets, such as stocks, RRSPs?
• Do you have overage in your Corporate retained earnings that should be invested in a tax efficient manner?
• Do you wish to leave Tax free assets for the next generations?
• Do you have stable cash flow for the next ten years?
• Most importantly, are you healthy?

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Insurance is purchased with good health and not just your premiums. If you do not qualify health wise, no premium can purchase life insurance!

Case Study: Client buys a 25-Million-dollar policy at age 55, and funds it for five years with 10 Million Dollars. Here are three guarantees:

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1.?????10 Million cash value and growing

2.?????25 Million minimum tax-free life insurance from day one

3.?????1-Million-Dollar Tax efficient income each year from age 75 to 90

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I hope this article helps, and I would love your comments and criticism for learning and sharing purposes.

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