Tax Efficient Life Insurance Strategies, With Wallis Tsai

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 Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.