Multi Generational Plans are designed for high net worth individuals who are typically unable to obtain life insurance but want to pass on their wealth to the next generation.
How It Works:
The older generation obtains insurance on their children or grandchildren, allowing them to get the coverage they need while they are young and healthy but before they typically have the wealth needed to fund such a strategy. It allows generation one to continue to use their assets without triggering substantial gift taxes, liquidations costs, or opportunity costs.
The Maxi Wealth Multi-Generational Plan represents a compelling solution for the suitable client when few other options exist. It is one of the most elegant and effective solutions on the market for high net worth families.
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Client Profile:
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