Deferred annuities are wonderful cash accumulators but absolutely terrible estate assets due to the confiscatory level of death taxes imposed by the IRS. In addition, most clients and their advisors underestimate the intense drag on performance of equity accounts caused by portfolio turnover taxation. Properly set up, life insurance has none of these disadvantages. This presentation compares all three strategies, and life insurance comes out the big winner. In addition, Annuity Rescue plans are discussed in this CBC.
Use with Wealthy and Wise, the InsMark Illustration System, and Documents On A Disk.
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