When it comes to legacy planning, affluent families often face a common challenge: how to transfer wealth efficiently while minimizing taxes, maximizing their legacy, and maintaining control.
Hypothetical Case Study from Pac Life: Jack and Diana Beck
At ages 67 and 60, with two adult children, Jack and Diana wanted to:
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- Maintain control of their assets
- Ensure Diana would be cared for given their age difference
- Minimize taxes
- Leave a lasting legacy for their children
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One possible solution? Combining life insurance with a Spousal Lifetime Access Trust (SLAT).
Here is a case study from Pacific Life that showcases how the Beck family—Jack and Diana—used this approach to help protect their $30 million estate and leave a meaningful legacy for their two kids. A SLAT is an irrevocable trust used by married couples to remove assets from their taxable estate while still allowing one spouse to retain access to income—and in some cases principal—during their lifetime.
Get the full details about how The Becks were able to establish a Spousal Lifetime Access Trust funded with a life insurance policy on Jack’s life to help maximize flexibility and their financial security.
Download the official Pacific Life case study flyer here:
If you would like a custom case study created for your client, please email us at CaseDesign@thequantum.com. We are more than happy to help you!
Working as an interface between our advisor partners and life insurance carriers, Tyler Perry does everything he can to speed up, facilitate, manage the paperwork, obtain required signatures, and shorten the process required to get life insurance policies issued and placed in force for our advisors.
