Why You Should Get Eagle’s Legacy
There are two distinct advantages for using this plan. First, your tax burden is spread out over 10 years, so you can increase your wealth without paying significant taxes at any one point in time or leaving this burden to your beneficiaries. If you were to pass away and leave your beneficiaries a large sum of taxable money, the tax consequences they would face could be immense; Eagle’s Legacy can relieve all parties involved of that potential difficulty.
Second, if you pass away during the payout phase, your beneficiaries receive the full death benefit from the life insurance, in addition to the remaining annuity benefit stream that is paid as scheduled. While the annuity stream will be taxable, in most instances the life insurance benefit will not be.