Many affluent professionals and business owners need to catch up to the traditional wealth threshold for certain strategic tools.
One such tool, premium-financed life insurance, remains underutilized and often misunderstood.
In this episode, Ken New speaks with the Founder of Lionsmark Capital Darren Sugiyama. Together, they delve into the intricacies of premium-financed life insurance and its role in retirement and estate planning. By drawing parallels with familiar concepts like mortgages, Darren breaks down how high-income earners can leverage life insurance to their advantage, even if they don’t meet the conventional wealth benchmarks. The discussion provides clarity on the benefits of the death benefit, the tax efficiencies to be gained, and the strategic incorporation of life insurance into one’s retirement plan so you can optimize your financial strategies using premium financing.
Darren Sugiyama discusses:
- Premium financing and its role in tax strategies
- The significance of the death benefit in financial planning
- Traditional IRAs, Roth IRAs, and cash-value life insurance policies
- Working with CPAs
- And more
Resources:
- 2024 Premium Financed Life Insurance: The Key To Effective Estate Tax Planning
- How I Built A $37 Million Insurance Agency In Less Than 7 Years
- The Takeo Effect: How A Billionaire Samurai Warrior Saved My Life