Life Strategies
Life Strategies gives individuals a way to finance life insurance premiums typically used to cover future estate taxes, by allowing the client to pledge collateral instead of paying premiums. This estate planning strategy allows clients to keep control of their assets, grow their assets, and potentially leave more for future generations. Life Strategies allows families more options and flexibility for succession planning, buy-sell agreement, and key man applications. Life Strategies is one of the most well-designed and comprehensive solutions on the market for high net worth families.
Value
- Client keeps control of their assets; therefore, assets can grow with minimal opportunity cost
- Reduces or eliminates gift taxes
- Significantly more effective than paying premiums
- Stress tested against the harshest economic conditions
Client Profile
- Net worth greater than $10M
- Typically below the age of 70
- Client needs to be in good health
- Insurance needed to cover estate tax
- Ability to pledge collateral
MultiGen
MultiGen is a multi-generational estate planning strategy for high net worth individuals with a “rated” or uninsurable status. Unfortunately, this status typically makes it hard to use traditional estate planning methods.
First of all, MultiGen gives individuals the ability to create a solid estate tax plan regardless of their insurance rating. With MultiGen, the first generation, as well as their children and grandchildren, can all have estate tax protections in place. Additionally, the first generation can continue to use their assets without triggering substantial gift taxes, liquidation costs, or opportunity costs.
In summary, MultiGen takes every generation’s needs into consideration and lasts for many generations to come. Best of all, it is a great solution for uninsurable individuals who need multi-generational estate planning when few other options exist.
Value
- Protects the estate plan over multiple generations
- Client maintains control of their assets and their earnings
- Using financing has the potential to reduce your taxable estate
Client Profile
- Net worth greater that $25m
- Client “rated” or uninsurable
- Able to obtain insurance on the children or grandchildren who are in good health
- Children or grandchildren have estate tax exposure
- Ability to pledge collateral
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Testimonials
Here’s what just some of our clients have said
I have been meaning to relay my gratitude to you for all the help and guidance that you have been providing along with the continued good handling of issues as they arise around the several 401k client plans we have been working on together. Your insight, mastery, and professionalism have made things a delight. Thank you for all the help! My processes and approach have been enriched because of your guidance and subject matter expertise. And for that, I am enriched professionally and personally. May I someday be able to pay it forward.
John Walsh — Columbus, Ohio
The Annuity Team at CPS is best in class! The knowledge and know-how they possess is far superior than any other firm I have worked with. I very much appreciate the support they provide me.
Kayoko Nihei
We partnered with CPS in 2014 and not only has it been pleasant but also an extremely educational experience. They are key to our agency and have the tools necessary to meet the needs of our clients. Their team is exceedingly knowledgeable and will give you step by step guidance on completing applications, quoting, and electing the right carrier for your clients. They have been a game changer for our agency and we look forward to continuing our business relationship with them for years to come.
Adam Beach, President of Beach Financial Group
CPS is superb to work with. We appreciate their prompt responses, attention to detail, and expertise from running illustrations to finalizing a policy. Customer services at its finest! We have found CPS to be a “5 Star” rating and highly recommend working with CPS.