In this second of our three-part series on insurance, Mark continues his conversation with Raymond James Ltd. estate planning advisor Greg Jizmejian.

Greg explains the difference between term and permanent insurance and when they should be considered. He highlights why people in the 40-60 age range should consider insurance and how it can be used to help build wealth, reduce taxes and aid in intergenerational wealth transfer.

Finally, we discuss how business owners and professionals, like doctors, dentists and lawyers can leverage permanent insurance as part of a business growth strategy and to access funds within their holding company or professional corporation tax-effectively.