Based on a few simple facts and assumptions provided by you and your client, a customized proposal is created illustrating:

1. The Assumptions section shows information about:
• the client (i.e. name, age);
• the asset (i.e. current value, rate of return);
• tax brackets (i.e. income, estate, heirs' income tax rates).
  
  
2. The Projections section shows:
• the growth in value of the asset at a hypothetical interest rate;
• the effects of income tax liabilities;
• possible estate tax costs.
  
  
3. The Actions section outlines proposed steps to take to better transfer the asset to heirs. An income stream is produced either by systematic withdrawals or the conversion of the asset to an immediate annuity. The annual income funds the payment of accumulated taxes and provides for the purchase of a life policy* and, if desired, a long term care policy.
   
   
4. The Graphic Illustration compares the projected value of the existing asset to the face amount of either a last survivor or individual life policy death benefit (level or increasing).