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A Tax-Efficient Way to Provide an Inheritance

Keep You Cottage Preserve Your Wealth Provide a Legacy Lower Your Tax Bill
Customized Insurance Protect Your Savings Loan Into Income Minimize Taxes
Permanent Protection Tax Efficient Inheritance Supplemental Income
Term Free Income Save $ On Your Loan Lower Volatility

A Tax-Efficient Way to Provide an Inheritance
If you have difficulty obtaining insurance due to age or health concerns, but have significant assets that you want to transfer to your children or grandchildren, then you may want to consider the Cascade Plan.

The Cascade Plan is a simple intergenerational wealth transfer strategy that allows you to pass an inheritance to your child or grandchild without having to pay probate fees and without triggering taxes on the transfer. It allows you to keep full control of your assets while you are still alive, while deferring any tax payable on the growth of the assets within the plan.

How does it work?

Your purchase a Universal Life policy, naming your child or grandchild as the life-insured and the contingent owner. Over time, your cash value grows tax-deferred within the policy. Upon your death, the policy and it’s cash value is transferred, or “cascades”, tax-deferred to the contingent owner (i.e. your child or grandchild). This policy can be used any way the new owner sees fit since both the insurance protection and cash accumulation have been maintained.

Advantages of the Cascade Plan:

• Tax-deferred investment growth
• Tax-deferred transfer of assets upon death
• No probate fees on death
• Non-taxable death benefit
• Wide variety of investment options
• Permanent Life insurance protection

Free Insurnce quotes over the Phone
If you would like to discuss the Cascade Plan or any other wealth management strategies give us a call at
1-877-628-5762.

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