Client Profile
You'll benefit most from Taxexity if you're healthy, wealthy and wise. Here's why each element matters.
Healthy
Since life insurance is the key tool used, your health usually matters. If you have medical issues or smoke, the cost of insurance may outweigh the benefits — if you're insurable.
Did you know: If you're married and using life insurance for estate planning, the death benefit is usually structured for payment when the both of you have died (called "joint last-to-die" coverage). In this situation, one of you could even be uninsurable.
Wealthy
The wealthy normally transfer money from other investments into life insurance. If you reallocate assets you've already accumulated, the premiums have no effect on your cash flow.
What if you're "asset rich but cash poor"? Perhaps you invested in real estate or your business. You're also wealthy but you can't easily turn those investments into cash if you wanted to spend them. In this case, your premiums would generally come from your cash flow until you have more liquid assets.
Wise
The wise value independent advice. They also hunt for ways to save tax. If you're open to ideas, you'll examine options that others overlook and pick the optimal one. You'll also be open to moving to the province of Taxevity.
Typical Clients
Most clients are successful entrepreneurs, wealthy families and generous donors.
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