Preserving Your Financial Legacy with Life Insurance Premium Financing
In this white paper, Kenneth M. Fujita, National Director of The Private Bank Specialty Finance Group, reviews life insurance premium financing strategy, which may provide a unique solution for high-net-worth individuals who are seeking a tax-efficient way to preserve their financial legacy.
Disclosures
Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. (the “Bank”) offers various advisory and fiduciary products and services. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Clearing Services, LLC, a separate nonbank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the Bank. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services. The Bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services, and wealth management services to clients. The views, opinions, and portfolios may differ from our broker/dealers: Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, nonbank affiliates of Wells Fargo & Company.
Wells Fargo & Company and its affiliates do not provide legal or tax advice. Wells Fargo Advisors is not a legal or tax advisor. Please consult your legal and/or tax advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your taxes are prepared.
All loans are subject to credit approval.
Insurance products are offered through Wells Fargo & Company affiliated nonbank insurance agencies. (California Insurance License #26-0070024). Not available in all states.
Wells Fargo Bank will not serve as trustee of an irrevocable life insurance trust if the loan is underwritten by Wells Fargo Bank, N.A.
Nominations of Wells Fargo Bank to serve as trustee of an irrevocable life insurance trust are subject to pre-acceptance review by Wells Fargo Bank.
Brokerage products and services are offered through Wells Fargo Clearing Services, LLC, a registered broker/dealer and nonbank affiliate of Wells Fargo & Company. Wells Fargo Advisors is the trade name used by two separate registered broker/dealers: Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, nonbank affiliates of Wells Fargo & Company.
© 2019 Wells Fargo & Company. All rights reserved. Member FDIC. NMLSR ID 399801 Equal Housing Lender CAR 0318-03095
Investment and Insurance Products are:
- Not insured by the FDIC or any Federal Government Agency
- Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
- Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested
