Eliminate Taxes Forever

Never Pay Taxes Again, Legally

Below is a short summary of features and benefits of irrevocable life insurance trusts (ILITs) and how they can be used to eliminate taxes legally, for generations or forever.

Irrevocable Life Insurance Dynasty Trust

— Tax-free growth

— Tax-free income

— Tax-free death benefit

— No estate or GST taxes, forever

— Risk-free growth (principal protected, 0% floor)

— Benefit you, your spouse & descendants (per your instructions)

— Preserve/continue family values, traditions, businesses

— Protect family assets (from taxes, divorce, lawsuits, frivolity)

— Provide financial security for you and family

You Don't Need to Be Rockefeller to Start a Dynasty

An irrevocable life insurance trust (ILIT) comprises two main parts: (1) an irrevocable asset protection trust; and (2) a cash-value life insurance policy owned in trust.

Indexed universal life insurance (IUL) can provide good investment returns while virtually eliminating market risk. Variable life insurance offers the potential of higher market returns, but with the risk of market downturns.

At the trustee’s discretion, policy cash value enables tax-free distributions to trust beneficiaries (including the trust settler (grantor)) through tax-free policy loans.

Upon death of the insured, life insurance proceeds (death benefit) are paid into the ILIT free of income and estate taxes.

Depending on how a trust is designed, a portion of trust principal can be invested in a new life insurance policy each generation to repeat the cycle. Thus, one can eliminate all taxes forever.

Initial set-up costs are typically in a range of $5,000 to $15,000. Annual costs for monitoring and maintaining an ILIT are in the range of $500 to $2,000. It typically takes 10-15 years for cash value in an IUL policy to grow sufficiently for tax-free loans. Of course, death benefit and living benefits (e.g., in case of chronic, serious or terminal illness) are immediately available.

Click here for free, downloadable info about ILITs. If you would like some detailed information about ILITs, please visit life insurance dynasty trust or phone 303-440-7800.

Copyright © 2023 Thomas Swenson, J.D.