After the old man who caused the Three Gorges accident passed away, if his family members gave up the inheritance, they would be exempt from paying compensation to the victims. Compulsory insurance and third-party liability insurance become the key to the victims' families' claims for compensation. If the elderly person’s insurance policy does not specify another person as the beneficiary, the compensation money will be considered as the inheritance for repayment; if someone else is specified, the insurance money will not be included in the inheritance and the family members can legally collect it. This case highlights the importance of insurance planning and third-party liability insurance.
Trump proposed the "Mar-a-Lago Agreement," which aims to revitalize the U.S. manufacturing industry by devaluing the U.S. dollar and appreciating the New Taiwan dollar to 13.3 through trade and tariff measures. If this comes true, Taiwan's stock and housing markets may soar in the short term, but exports will be hit, industries will be hollowed out, and the risk of bubbles will be high, which may lead to a repeat of the tragedy of the hot money boom and financial collapse in the 1980s.
I am often asked whether I will publish another book. I don’t have any definite plans to publish a book at the moment. After all, the types of articles I write are too broad. After I have accumulated enough articles of each type, I may release multiple e-books at once and consider making them into audio books.
Many parents hope to accumulate wealth for their children. Traditional deposits have low interest rates and weak resistance to inflation, so regular and fixed-amount investments in the stock market become a simple and effective option. By investing a small amount of money every month, you can balance market fluctuations and accumulate assets over the long term. At the same time, it can also be combined with a policy with cash value to provide protection and strengthen the financial foundation of the child's future.
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! ?
