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LEVERAGING A LIFE INSURANCE POLICY

ADVISOR USE ONLYLEVERAGING A LIFE INSURANCE POLICYA GUIDE FOR LAWYERS, ACCOUNTANTS AND INSURANCE ADVISORSU sing life INSURANCE as collateral for personal and business planningLife s brighter under the sunThis guide is intended to be a source of information on the LEVERAGING process, but not a substitute for independent legal, tax, accounting or other professional advice. While the LEVERAGING concept can be beneficial to both individuals and businesses, there are risks involved in such a strategy and the issues can be complex. No person or business should undertake a LEVERAGING strategy without a thorough review of the financial risks as well as the potential legal, tax and accounting implications that apply to their ADVISOR S GUIDE TO LEVERAGING A LIFE INSURANCE POLICY 3 LIFE INSURANCE A FLEXIBLE FINANCIAL PLANNING TOOL 4 Why buy life INSURANCE with cash surrender values (CSV)?

tax-free payment of the death benefit. Whether leveraging is used in a personal or business context, the basic structure is the same. At the time of the loan application, the financial institution will issue a line of credit or a loan to the policy owner, taking the insurance policy

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