Insurance Planning

Insurance Needs

Wagner Wealth Management will help you carefully evaluate your insurance needs as part of our holistic wealth management service.

We like our clients to have enough assets and life insurance to fund current spending levels indefinitely if the primary income earner dies. We also help clients who have accumulated significant assets reduce their insurance by borrowing out cash value, withdrawing cash value or gifting the policy to children or charities.

Life insurance is also an excellent way to gift money to children. Many of our clients gift an insurance premium to the trustee of an irrevocable life insurance trust, with children as the beneficiaries. This technique has tax advantages, and your children will end up with more money when you pass away than if you just gave the same gift to your children in cash each year.