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Wealth Transfer

Learn how to pass along your assets to your children, grandchildren or charity in a tax efficient manner.

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Wealth Transfer

  1. 1. Cincinnati, Ohio Policy Series 0701-3030 WSA 0506-320, 0506-320-U 0506-100, 0506-100-U Rider Series 9401-540, 9401-581-U, 9401-670, 9401-671, 0010-620, 0010-602, 0010-675 AM002 0801 Legacy Master® is issued by Western-Southern Life Assurance Company. Superior Value Life is issued by The Western and Southern Life Insurance Company. Economy Life is issued by The Western and Southern Life Insurance Company. WESTERN-SOUTHERN LIFE® Copyright January 2008. of 14 WEALTH TRANSFER STRATEGIES
  2. 2. FITTING THE PIECES TOGETHER Legacy Master® is issued by Western-Southern Life Assurance Company. Superior Value Life is issued by The Western and Southern Life Insurance Company. Economy Life is issued by The Western and Southern Life Insurance Company. WESTERN-SOUTHERN LIFE® Copyright January 2008.
  3. 3. <ul><li>Maximize and preserve assets </li></ul><ul><li>Allows for the orderly transfer of assets </li></ul><ul><li>Minimizes taxes and costs </li></ul>Your Legacy Why Wealth Transfer? of 14
  4. 4. <ul><li>Why use life insurance to transfer wealth? </li></ul>Western & Southern Life does not give legal or tax advice. Any discussion of federal taxes in this presentation is not intended to be complete or cover all situations. The comments are general in nature and should not be considered tax advice. Your should consult counsel or other specialized advisor for more complete information . Financial assets are not taxed the same of 14 Death benefit is not taxable income Life Insurance Gain is taxable income Non-qualified Plans (NQ annuities) Entire value is taxable income Qualified Plans (401(k), IRA, etc.) Taxes at Death Financial Asset
  5. 5. <ul><li>Three major advantages </li></ul><ul><ul><li>Tax Benefits </li></ul></ul><ul><ul><li>Growth Potential </li></ul></ul><ul><ul><li>Guarantees </li></ul></ul>Life insurance maximizes transfer of wealth to beneficiaries Not a deposit. Not FDIC-insured. Not insured by any federal government agency. Not guaranteed by Fort Washington Savings Company. May go down in value. of 14
  6. 6. <ul><li>Death benefit is paid to your beneficiary income tax free </li></ul><ul><ul><li>Multiple beneficiaries are allowed </li></ul></ul><ul><ul><li>Your beneficiary may be a family member, charity, close friend, or caregiver </li></ul></ul><ul><li>Cash values grow income tax deferred </li></ul>Tax Benefits of 14
  7. 7. <ul><li>You may access cash for emergencies </li></ul><ul><ul><li>Policy loans </li></ul></ul><ul><ul><li>Partial surrenders </li></ul></ul><ul><ul><li>Accelerated Death Benefit Rider, where approved and available </li></ul></ul><ul><ul><li>Waiver of surrender charges for qualifying nursing home or hospital confinement where available </li></ul></ul>Cash for Emergencies * In most cases, this policy could be a Modified Endowment Contract, as defined by IRC 7702A. As such, loans and partial surrenders are taxable to the extent of any gain in the policy. Also, loans and full or partial surrenders before age 59 1/2 may be subject to a 10% penalty tax. of 14
  8. 8. <ul><li>Create a large, and immediate, income tax free death benefit </li></ul>Creating A Legacy of 14
  9. 9. <ul><li>The death benefit and cash values are guaranteed for the insured’s lifetime* </li></ul><ul><li>No Market Risk Fluctuations </li></ul><ul><li>Life insurance proceeds are not subject to the cost and delays of probate </li></ul>Guarantees <ul><li>*Unless the policy ends prematurely due to cash surrender or excessive policy loan. </li></ul> of 14
  10. 10. <ul><li>Single Premium </li></ul><ul><ul><li>Legacy Master ® </li></ul></ul><ul><li>Periodic Premium Payments </li></ul><ul><ul><li>Superior Value Life </li></ul></ul><ul><ul><li>Economy Life </li></ul></ul><ul><ul><li>Universal Life </li></ul></ul>Payment Options of 14
  11. 11. <ul><li>Gives you Control and offers Peace of Mind </li></ul><ul><li>Increases the estate value immediately </li></ul><ul><li>Death benefit paid to heirs is not subject to income tax </li></ul><ul><li>Guaranteed Death Benefit and Cash Values* </li></ul><ul><li>Death Benefit is not subject to probate proceedings </li></ul><ul><li>Can be accessed in the event of an emergency </li></ul>Benefits to You * Unless the policy ends prematurely due to cash surrender or excessive policy loan. of 14
  12. 12. <ul><li>Holds the following ratings awarded by three highly respected, independent insurance-rating firms: </li></ul><ul><ul><li>Standard & Poor’s AA+ for Very Strong financial security characteristics (second highest of 21 ratings; rating held since August 2005) </li></ul></ul><ul><ul><li>A.M. Best A++ (Superior) for financial strength, operating performance, and market profile (highest of 16 ratings; rating held since May 1991) </li></ul></ul><ul><ul><li>Fitch AA+ for Very Strong insurer financial strength (second highest of 21 ratings; rating held since September 2002) </li></ul></ul>Ratings are subject to change from time to time. The ratings shown herein are correct as of 01/02/08. Western & Southern Life of 14
  13. 13. <ul><li>Next Steps: </li></ul><ul><li>Step 1 I gather your information </li></ul><ul><li>Step 2 I help you determine your needs </li></ul><ul><li>Step 3 I explore alternatives with you based on the information we gathered </li></ul><ul><li>Step 4 I recommend solutions to fit your need </li></ul><ul><li>Step 5 I will review your plan annually </li></ul>Western & Southern Life of 14
  14. 14. Western & Southern Life of 14 Let’s look at your assets Step 3 Exploring alternatives based on the information we gathered
  15. 15. WEALTH TRANSFER STRATEGIES of 14

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  • ALEX000007

    Jan. 20, 2015
  • FerdinandAndyEdralin

    Feb. 20, 2018

Learn how to pass along your assets to your children, grandchildren or charity in a tax efficient manner.

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