Advanced Tax Strategies with Life Insurance

Life insurance can be a tax-efficient vehicle for wealth transfer and cash accumulation. Here are some advanced strategies:

• Max-Funding Permanent Policies: By maximizing premium payments within IRS limits, you can build cash value quickly, taking advantage of tax-deferred growth and loan options for tax-free income.
• 1035 Exchanges: This provision allows you to exchange one life insurance policy for another (or for an annuity) without triggering taxes, enabling you to upgrade coverage or adjust benefits without tax penalties.