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$1 million is nothing to sneeze at.

If you are someone of limited means, $1 million could be a windfall of extraordinary proportions. Truly a life-changer.

On the other hand, if your personal net worth is $100 million, then $1 million would be relative small change. But it still could be a game changer for the charity to which you gift it. And, if you leveraged it correctly with the proper financial instrument, that million dollars could return many times that amount in value.

Either way, $1 million can make a difference. So, whether you are rich, poor, or in between, to get the most bang for the buck, you really need to be comfortable and confident with the plan for using the money.

That’s where prequalification comes in.

Prequalification is the process used by our insurance teams to select the appropriate product for the client. All the factors of the purchase are aligned prior to making the commitment. The insurer; the funding; the product design; the tax management strategy; and so on are all determined before the paperwork is signed.

This way everybody concerned with the purchase – most importantly, the client – can be certain the purchase makes sense, and that the client will get exactly what he or she wants…

  • that purchasing $1 million of combined life and long-term care coverage, is the right amount for covering personal needs.
  • that investing $1 million in an offshore product, is the right way to minimize taxation, and pass on a family legacy.