Wealth Transfer
Passing wealth to the next generation using life insurance
Client Profile
Prepare Your Clients
Only 34% of Americans have an estate plan in place.2 Plus, estate plans take time. That's why we've put together resources to
help you plan ahead and help your clients efficiently transfer their wealth. Using life insurance as a wealth transfer tool
provides three main benefits.
Learn more: Why Life Insurance as a Transfer Tool
Strategy In Action
Key steps to help develop effective wealth transfer strategies with your clients today.
Identify Wealth Transfer, Estate, and Succession Planning Needs
Utilize our Wealth Transfer Checklist and Framing Your Legacy brochure to help guide conversations with your clients and identify next steps.
Let Education Lead The Way
Tap into the experience of our Advanced Designs Unit (ADU) and stay on top of complex estate planning and taxation issues. Look to them for information on advanced strategies, including trusts, for enhancing wealth transfer.
Establish Relationships with Heirs and Advisors
Schedule meetings to get to know your clients’ advisors and stakeholders. They may become your future clients and collaborators in multigenerational wealth transfer.
Choose a Wealth Transfer Strategy
Help your clients select transfer strategies to reduce or eliminate unnecessary expenses, delays, probate or legal issues, taxes, or other challenges.
Consider Including Life Insurance
In addition to death benefit protection, life insurance can be a tax-advantaged and effective tool to help clients fulfill their final wishes and preserve their legacy. It can help offset potential estate taxes and accomplish other important financial goals.
Keep the Conversation Going
Make sure to conduct annual reviews with clients on their wealth transfer strategy or check-in whenever they experience major life events. Tax laws and assets can gain or lose value. We can help!
Take the Next Step
Your Pacific Life team can help you create a
personalized wealth transfer plan for your clients.
Wealth Transfer Checklist
The Wealth Transfer Checklist is a simple way to start a conversation with your clients. Use this questionnaire to help clients identify and assess their unique financial needs.
Policy Review Conversation Starter
Use this handy client worksheet to help start the policy review conversation.
Framing Your Legacy Brochurer
There is no better time than the present to help your clients consider their estate and life insurance planning.
Estate Planning and Life Insurance for the Young and Wealthy Brochurer
The earlier and individual engages in a gifting strategy, the more he or she may be able to transfer to loved ones.
Spousal Lifetime Access Trusts (SLAT) Brochure
Help clients keep life insurance and other assets outside of their estate without losing flexibility..
Women, Wealth, and Life Insurance Infographic
If you're a woman, planning for lifetime income and financially protecting your loved ones can often present unique challenges. View this infographic to learn more about those challenges and discover the financial strategies to help address them..
Dealing with Estate Planning Uncertainty Using Flexible ILIT Brochure
Seeking a smooth estate-transfer process? An Irrevocable Life Insurance Trust has the flexibility to allow you and your financial professional to plan for a variety of estate planning scenarios.
Estate Planning for Unmarried Couples Brochure
This brochure highlights how estate planning using life insurance can be especially important for unmarried couples, whose unique circumstances often call for a more personalized approach.
The primary purpose of life insurance is death benefit protection.
Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges. In general, additional premium is required to continue coverage of the policy. Policy may lapse if premium is insufficient to continue.
Pacific Life, its affiliates, their distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.
1 Source: "Cerulli Anticipates $84 Trillion in Wealth Transfer Through 2045," Cerulli Associates, January 20, 2022.
2 "2023 Wills and Estate Planning Study", 2023 Wills and Estate Planning Study - Caring.com, January 2023, Caring.com.
3 For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. 101(a)(1). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC Sec. 101(a)(2)(i.e. the transfer-for-value rule); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy qualifies for an exception under IRC Sec. 101(j).