Ep. 13 Insurance Strategies to Reduce Tax and Build Wealth

Living Richer

May 5 2021 • 39 mins

In this second of our three-part series on insurance, I continue my conversation with Raymond James Ltd. estate planning advisor Greg Jizmejian.

In this episode Greg explains the difference between term and permanent insurance and when they should be considered. We also look at why people in the 40-60 age range should consider insurance and how it can be used to help build wealth, reduce taxes and aid in intergenerational wealth transfer.

Finally, we discuss how business owners and professionals, like doctors, dentists and lawyers can leverage permanent insurance as part of a business growth strategy and to access funds within their holding company or professional corporation tax-effectively.