Your financial needs are taken care of and you're retired or ready to retire. You probably have a surplus cash flow invested in guaranteed interest products, bonds or mutual funds. Now, your main concern is enhancing your estate and passing it on to your heirs in the most tax-advantaged way possible, while maintaining control over the estate during your lifetime.

The Family Wealth Transfer Plan, offered by The President's Group, takes advantage of several features of universal life insurance to help you accumulate additional money on a tax-advantaged basis. This growth can become part of your retirement savings or estate capital. You can retain ownership of the plan but name your child or grandchild as the life insured. As well, a transfer of these assets to the life insured may be done without triggering tax. Taxes apply when funds are withdrawn from the plan.

The Family Wealth Transfer Plan strategy allows you to: