* The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.
** IPFS, NEXT Financial Group, Inc., and their representatives do not provide tax or legal advice. Tax advice may be provided by a specific insurance carrier or CPA firm. These organizations are separate entities and not affiliated with NEXT Financial Group nor Innovative Premier Financial Services. It is recommended that Individuals contact their own tax professionals and attorneys to help answer questions about specific situations or needs prior to taking any action based on this information.