How A Life Policy Can Send A Grandchild To College

December 18, 2019 by Jason Wellmann

Leaving a legacy is a top priority for many people. The death benefit proceeds from a life insurance policy can be an important financial resource for your clients’ loved ones, allowing them to address a number of needs, including debt, college funding or other financial obligations.

But what if your clients could provide their beneficiaries with a similar type of financial assistance while they are still alive, all in a tax-efficient manner?

While some clients may choose to pass a legacy to beneficiaries through the life insurance death benefit, it may be appropriate for other clients to choose to pass on wealth to their loved ones while they are still living.

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Originally Posted at InsuranceNewsNet on December 13, 2019 by Jason Wellmann.