Using Life Insurance in Estate Planning…..

2/7/2017

APPLICATION AND USES OF LIFE INSURANCE AND IN ESTATE PLANNING

Presented by:

6151 Lake Osprey Dr. | Suite 300 | Sarasota, FL 34240

Jim Collins & Randall Borkus

1010 Jorie Blvd.| Suite 22 | Oak Brook, IL 60523 P 866-696-1123 | F 888-751-5954 www.BorkusCollins.com

Using Life Insurance in Estate Planning….. It’s NOT about “religion or politics,” it’s about MATH!!! Life Insurance Has Some Unique and Irreplaceable Applications in Good Estate Planning:

1. Create an estate; 2. Replace an estate; or 3. Leverage an estate! © Borkus Collins Law, P.A. 2017

Introduction Financial Advisors are “all over the map” regarding employing life insurance with their clients….. 1. “My clients hate life insurance!” 2. “Please, always bring up life insurance when meeting with my clients!” 3. “I insist, never talk about life insurance when meeting with my clients!!” 4. And many are leaving a lot of opportunities on the table! © Borkus Collins Law, P.A. 2017

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Introduction The Wyatt Earp story…………..

© 2017 Borkus Collins Law, PA

Uses of Life Insurance in Estate Planning Let’s proceed from the more familiar to the less familiar today….

1. Life Insurance to create an estate: The stolen money machine story……

© 2017 Borkus Collins Law, PA

Uses of Life Insurance in Estate Planning 2. Life Insurance to replace an estate: The property / theft insurance story……

© 2017 Borkus Collins Law, PA

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Uses of Life Insurance in Estate Planning And to make matters worse…….A question for you: What are the two primary ways many very wealthy people have earned and now hold their wealth?? 3. Life Insurance for the Illiquid Estates

© 2017 Borkus Collins Law, PA

Uses of Life Insurance in Estate Planning

Note……………… ALWAYS consider advising your clients to hold significant life insurance outside their taxable estate, “on the other side of the estate tax wall”!!

© 2017 Borkus Collins Law, PA

Uses of Life Insurance in Estate Planning 4. Life Insurance for the Brady Bunch…..the “blended family” and its challenges

© 2017 Borkus Collins Law, PA

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Uses of Life Insurance in Estate Planning 5. Life Insurance in Business Succession Planning

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Uses of Life Insurance in Estate Planning 6. Funding & Leveraging Charitable Bequests with Life Insurance

© 2017 Borkus Collins Law, PA

Uses of Life Insurance in Estate Planning 7. Using Life Insurance for Wealth Replacement

© 2017 Borkus Collins Law, PA

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Uses of Life Insurance in Estate Planning 8. Life Insurance on Steroids. Maximizing and Leveraging Advanced Planning

© 2017 Borkus Collins Law, PA

Uses of Life Insurance in Estate Planning More / Other Uses of Life Insurance in Estate Planning????

© 2017 Borkus Collins Law, PA

QUESTIONS??????

© 2017 Borkus Collins Law, PA

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Thank You For Coming

6151 Lake Osprey Dr. | Suite 300 | Sarasota, FL 34240 1010 Jorie Blvd.| Suite 22 | Oak Brook, IL 60523

P 866-696-1123 | F 888-751-5954 www.BorkusCollins.com

© 2017 Borkus Collins Law, PA

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