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How To Eliminate Unnecessary Taxes Using Life Insurance

How To Eliminate UnNecessary Taxes
Using the Power of Life Insurance

How to eliminate unnecessary taxes and wealth transfers using the power of life insurance. If you are successful, you are a target of the IRS. Our government survives by collecting taxes, and they are broke. Unfortunately, they seem unwilling to cut their spending, so we continue down this road to serfdom.

Taxes
Taxes – Cut Spending

“The current fiscal policy is unsustainable. We are heading to a future where we’ll have to double federal taxes or cut federal spending by 60%.” ~David Walker, Former Comptroller General of the United States.

Do you want to pay higher TAXES? You can shield yourself and your family from unnecessary taxes using the power of permanent life insurance. Life insurance provides many tax benefits including tax deferral and income tax free distribution as long as the policy is configured correctly and a few rules are followed.

Permanent, whole life insurance also allows you to spend other financial assets in a more tax efficient manner, so you can enjoy tax advantaged income during retirement. It’s important that you understand how life insurance integrates with your financial plan in order to form an effective tax strategy.

Tax Expert, Ed Slott, CPA, says life insurance is “The SINGLE BIGGEST BENEFIT in the TAX code”.

You can learn more about how to eliminate unnecessary taxes in in my free report, “Taxes – The Largest Transfer of Your Wealth” Just complete the form below to instantly download your report.

If you enjoyed this post, please comment, share and let me know!

Until next time,
Barry Page, RFC
Registered Financial Consultant
Licensed Insurance Agent

Barry Page, RFC is recognized as a leading expert on finance, life insurance and private banking. He is a financial consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-economic approach to planning.

2015-06-21
By: Barry Page
In: Life Insurance, Money Solutions, Permanent Life Insurance, Taxes
Tagged: how to eliminate unnecessary taxes, life insurance, permanent life insurance, tax transfer, taxes, wealth transfer, whole life insurance
Previous Post: 5 Secrets the Big Banks Don’t Want You to Know
Next Post: How To Become Your Own Banker

Writing On the Wall

"The current fiscal policy is unsustainable. We are heading to a future where we'll have to double federal taxes or cut federal spending by 60%." David Walker, Comptroller General of the United States "The fate of the world economy is now totally dependent on the stock market, whose growth is dependent upon about 50 stocks, half of which have never reported any earnings." Paul Volcker, 1999, former Federal Reserve Chairman "My friends, there is good news and bad news. The good news is that the full faith and credit of the FDIC and the U.S. Government stand behind your money in your bank. The bad news for you, my fellow taxpayers, is you stand behind the U.S. Government." L. William Seidman, former head of the Federal Deposit Insurance Corp. (FDIC) "In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population." Ben S. Bernanke, Chairman of the Federal Reserve System "Because the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits." Paul O'Neill, former Treasury Secretary "As a nation we have already made promises that we will be unable to fulfill." Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

Readers asked…

How can life insurance help during retirement?

“Life insurance is a private contract between the owner and an insurance company. In exchange for a payment, the insurance company is legally obligated to provide you with benefits pursuant to the contract. Specifically, these benefits can be utilized to pay expenses for long term care, as a hedge against inflation, and as a regular, predictable, and reliable income stream for life.

It’s basically a private contract that allows you to have your dollars work harder.

The primary reason people buy life insurance is to protect their loved ones from loss, however perhaps it’s best kept secret is that it can be used to provide a steady, tax-free stream of income during retirement.

There are various types of life insurance: term, permanent, universal, variable and index. Each has its own benefits, and should be configured to fit your goals.”
~Barry Page

Contact Information

Legacy Insurance Agency, PLLC
2600 Government St
Ocean Springs, MS 39564
(228) 875-5545 phone

www.legacyinsuranceagency.com 

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