Passing Assets to Loved Ones Efficiently

Curtis Johnston, Financial Advisor, Univest Investments, Inc.

When we leave this world, we ideally would like our remaining assets to be transferred to our intended beneficiaries with ease and without the IRS taking taxes. One of the easiest and most tax-friendly transfers can be through the use of life insurance, because life insurance is paid to the beneficiaries without the costs and aggravation of probate. Additionally, if ownership is structured properly, the proceeds are not subject to federal estate taxes.

Here are some examples of where life insurance can provide an efficient transfer of assets:

In closing, if you have existing life insurance policies, we suggest reviewing them to ensure that they are titled correctly, have the correct beneficiaries, are not in danger of lapsing and are competitively priced. If you wish to have your life insurance policy reviewed, an experienced financial advisor at Univest Investments can assist. Contact us at 215-721-2112 or

Investments and insurance products are offered through Univest Investments, Inc., member FINRA and SIPC, a licensed subsidiary of Univest Corporation of Pennsylvania. They are not FDIC insured, are not a deposit of or bank guaranteed, and are subject to risks, including possible loss of principal amount invested. Consult a tax advisor regarding what may be best for your personal situation.

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