The tax risk of investment-type policies depends on the "gains" (withdrawal amount - premiums paid), not whether it exceeds the principal. If there is no profit, there is no tax exemption; if there is a profit, the tax burden is determined by the annual income and the tax exemption amount. The withdrawal amount is tax-free if it is less than 92,000 (2024 standard), but it will be included in the comprehensive income tax declaration (tax rate 5%~40%) if it exceeds. There is no need to worry if the investment is below 1 million. For investments above 2 million, it is recommended to withdraw the funds in installments and make reasonable plans to save taxes. Those who invest more than 5 million should plan their taxes in advance to avoid high tax burdens.
Investment-type insurance is not completely tax-free, but it does enjoy the advantage of tax deferral. During the internal operation of the policy, asset appreciation and dividends are not taxed, but if the policy is terminated or partially withdrawn, the gains exceeding the premiums paid must be included in the personal comprehensive income tax return. Death benefit proceeds are usually tax-free, but if the estate exceeds the tax-free amount, it is still subject to estate tax. Compared with directly holding ETFs, investment policies can defer taxation and are suitable for long-term asset allocation, but frequent withdrawals still have tax costs.
An insurance broker is the agent of the insured, who prioritizes the interests of the client and assists in planning the most appropriate insurance package without being restricted to a single insurance company. Compared with life insurance agents who sell products from the company's perspective, brokers can choose the best options based on the market to ensure that customers' interests are maximized. The reason for choosing to become an insurance broker is to provide more objective and diversified protection plans, so that insurance can truly play its due value and safeguard the future of customers, rather than just serving the interests of insurance companies.
Wealth inheritance should make good use of the annual gift tax exemption of NT$2.44 million. Cash gifts are flexible and tax-friendly, making them suitable for helping children buy a home. Real estate gifts need to consider the combined real estate tax and the risk of cost underestimation. It is recommended to increase the holding cost through buying and selling. When donating stocks, attention should be paid to valuation standards, as unlisted stocks are more risky. Policy gifting must ensure that the distribution of interests is in line with family consensus. It is recommended to consult a professional advisor to formulate a personalized plan to balance tax and family needs to ensure the smooth inheritance and appreciation of assets.
In the life insurance industry, some advisers may induce policyholders to purchase more insurance than they need, a practice known as profiteering marketing. The real purpose of insurance: It should be to improve life, not to make people work hard. Investments should be made within one's means and planned carefully to avoid the risk of inflation and insufficient claims in the future. With wise insurance choices, you can better protect your future.
"Money" "Protecting the future" After all, do you have money to use if something happens? Then you buy a lot of different types of insurance just to wait for that day in the future. What if nothing happens and everything goes smoothly? So what can you do with the insurance you bought? Wouldn’t it be all in vain? Just for peace of mind! ?
Investment and insurance are important tools for financial management, but maintaining sufficient working capital (about 1/3 to 1/4 of income) is the key to ensuring financial security. Working capital funds should cover basic living expenses for 6 to 12 months to deal with emergencies or income interruptions, and be deposited in highly liquid and secure channels, such as living deposits and monetary funds. In terms of capital allocation, you can follow the rule of three: a balanced allocation of investment, insurance and working capital, and regular review and adjustment to ensure that life stability and asset growth are synchronized.
The so-called "linkage" records credit transactions between individuals and financial institutions. The total score can be up to 800 points. Regarding the retention period of various records, please refer to the regulations of the Financial Supervisory Commission for details. It is mainly compiled and collected by the Joint Financial Credit Reference Center. Through this information, a national credit database is built to ensure that people's credit transactions and the domestic financial system can be sound and stable.
"Automatic advance payment" means that if the policyholder fails to pay the premium when it should be paid, the insurance company will send a registered reminder letter and give a grace period. If the policyholder fails to pay the premium after the grace period, the insurance company will use the policy value reserve to automatically advance the premium and interest due for the current period to keep the contract in force. It is worth noting that not all policies have value reserves, such as highly leveraged medical insurance, cancer insurance or critical illness insurance. Without policy value reserves, premiums cannot be paid.
Policy borrowing means using the policy you purchased to borrow money from your insurance company. When the policy you purchased begins to have a "policy value reserve (referred to as premium)" as the years increase, you can apply for a policy loan from the insurance company based on your existing premium within the total policy price. Common ones include long-term life insurance, annuity insurance, etc.
