Transferring Wealth with Life Insurance

Author: External Author | | Categories: Insurance Advisor , Insurance Agency , Wealth Management

Blog by Westgroup Financial Management Inc.

People are always looking for ways to make more money or build wealth. Life insurance is one way to build wealth easily by using a life policy as part of a wealth transfer strategy to a beneficiary. If you are a senior or boomer, wealth transfer and asset protection is an important concept to learn about. However, this concept is not only limited to seniors, since younger people can use a similar strategy by setting up life insurance for parents, with the same concept in mind. Here is what you need to know about using life insurance as part of a strategy to build wealth.

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Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Mila Araujo

Original Article Posted on:  July 07, 2020

Link to Original Article:  https://www.thebalance.com/transferring-wealth-with-life-insurance-2645786



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