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 is one of the various strategies that high net worth individuals may want to consider if they are seeking a tax-efficient way to preserve their financial legacy.
Disclosures
Wells Fargo Private Bank and Wells Fargo Wealth Management provide products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.
Wells Fargo Bank, N.A. offers various advisory and fiduciary products and services including discretionary portfolio management. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, a separate non-bank affiliate, may be paid an ongoing or one-time referral fee in relation to clients referred to the bank. 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 role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services.
Wells Fargo & Company and its affiliates do not provide legal or tax advice. Please consult your legal and/or tax advisors before taking any action that may have tax or legal consequences and to determine how this information may apply to your own situation. Any estate plan needs to be prepared and reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
All loans are subject to credit approval.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies. 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 Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
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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
