Insurance & Estate Planning

Twin Cities Mutual is ready to help when your estate plan requires the use of life insurance or an annuity. Your attorney is there to help you draft & file the paperwork, but often will leave the act of finding the proper insurance up to you. We’ll make sure your policy is set up exactly how you intend it to!

When does an estate plan require life insurance and/or annuities?

  • Estate Tax Savings/Avoidance
  • Irrevocable Life Insurance Trust
  • Protection against creditors
  • Wealth transfers
  • Probate avoidance

Working with your attorney

If you’re planning on using insurance for your estate plan, it’s important to make sure you consult with your attorney before making a purchase. Laws governing the legal & tax advantages of life insurance and annuities may change. The IRS definition of life insurance can be affected depending on how quickly your policy is funded. To make sure your policy is written correctly, Twin Cities Mutual would be happy to work with your estate attorney and discuss advantages in relation to insurance products.

 

To learn more, please visit our Scheduling Page.

 

 

 

Disclaimer: Twin Cities Mutual DOES NOT offer or claim to offer legal, tax, financial, and/or investment advice. Our agents only provide information that relates to insurance products. Insurance products may have legal, tax, and/or financial advantages that are an essential part of the product itself, in which we have full licensing authority to discuss with clients. We will always recommend you seek counsel with your legal, tax, or financial professional when it relates to legal, tax, or investment recommendations.