Leverage Your Client’s Gifting Strategy
MetLife Introduces New Tool to Make Starting the Conversation Easy
09-30-2009
Under current federal law, every US citizen is allowed to give up to $13,000 per recipient per year. Life insurance may be able to leverage those gifts because a significant income tax-free death benefit can often be purchased with modest premiums. Your clients may enhance the overall legacy for their loved ones or favorite charity by considering leveraged gifting with life insurance.
MetLife has developed, what may be, the best quick reference tool ever. It provides an exam of the coverage that may be available with Guaranteed Advantage Universal Life based on a level death benefit when the contract is funded annually with $13,000. It is a great way to start a conversation with your clients about this advantageous gifting strategy.
For example, a Male age 65 standard non-smoker can purchase a death benefit of $505,210 for $13,000 a year. The internal rate of return on the contract is 9.82% at life expectancy. Adjusted for a 35% tax equivalent yield, the internal rate of return becomes 15.10%.
What a great way for your client so maximize their gifting. Contact your BUA Life Marketer today to receive a free copy of MetLife’s calculation tool, and for more information on how to approach, discuss and sell this concept to your clients.
