When used correctly, life insurance can be an incredibly powerful tool in a tax efficient investing strategy. When used incorrectly, it can be a big mistake that results in excessive fees and disappointing returns.
Wallis Tsai joins Michael to discuss the ugly side of the insurance industry, and how investors can get the insurance policy that is actually right for them.
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Episode Highlights
- Discussion of the negative association many investors have with the insurance industry, and how Wallis witnessed this firsthand.
- The framework for evaluating an investor’s insurance needs, including a consideration of the alternatives.
- How life insurance can be an effective tool for tax efficient wealth transfers.
- Most common mistakes made around life insurance.
Episode Resources
Today’s Guest: Wallis Tsai, AboveBoard Financial
About The Uncommon Advisor Podcast
The Uncommon Advisor podcast features insights from advisors who are embracing a modern and holistic approach to wealth management. Learn how the most creative minds in the industry are innovating their practices to deliver superior client results, generate new business, and maximize retention..
