- Help provide for loved ones after your death.
- Provide a generally income tax-free benefit (according to IRC Section 101(a), that can help offset the income taxes owed by beneficiaries after receipt of the balance of the tax-deferred asset).
- Potentially increase your legacy through tax-deferred growth.
- Provide accelerated life insurance death benefits if you become chronically or terminally ill.
If yes, please see a flyer from Prudential about using life insurance in the asset repositioning strategy.