Updated Feb 11th, 2017

What Type Of Life Insurance Does Donald Trump Have?

Despite the fact that Donald Trump refuses to release his tax returns for public viewing, one thing remains clear: the presidential candidate has quite a bit of money. The U.S. president has quite a bit of money.

While nobody knows for sure how much Trump earns in a given year, there is no denying the fact that he is a millionaire many times over. Also we don’t really know what kind or how much insurance he has.

For example, Forbes estimates Trump’s net worth to be somewhere in the $4.5 billion range. While this is less than half of what he claims, it is still a boatload of money.

Despite the fact that Trump has money to burn, he’s become a master at playing the system. For example, he has been involved with four bankruptcies in the past.

With all this in mind, it’s hard to get a solid grasp as to where Trump stands in regards to his finances. We know he has a lot of money. We also know that bankruptcy has been his friend many times in the past. And winning the presidency in a huge upset has probably raised his “Trump Brand” to new levels.

What About Life Insurance?

If Trump refuses to release his income tax returns, you can be rest assured that he won’t be sharing information on his personal finances at any point in the near future. We know that he doesn’t pay much in taxes as it was already uncovered. Of course, that doesn’t mean we can’t ponder what types of financial moves he has made in the past.

For example, his net worth being $4.5 billion, it doesn’t make too much sense for him to have Term coverage. He has a large estate, so it would be easy to come to the conclusion that he would purchase some kind of permanent insurance, at least to help pay estate taxes. Just to be clear, we have no knowledge what life insurance he has, but we are going to speculate that he purchased whole life insurance – and a lot of it. There are many reasons for this, including:

  • He has no problem borrowing money, which is something a whole life insurance policy would allow.
  • He has filed for bankruptcy multiple times so we know he doesn’t like to pay his debts back. With a Whole Life he wouldn’t ever have to pay those loans back!
  • We know he doesn’t like to pay much in taxes (I mean who does?), so the cash value grows taxed deferred and could be accessed tax free with loans.

It doesn’t matter if you like him or hate him, Donald Trump’s name is synonymous with financial power. The man loves himself, his family, and of course, the almighty dollar, and … also himself (did I say that already?).

Whole life insurance is a great choice for many high net worth consumers. Could it be a good choice for Trump? With so much money to his name, and plenty more to come, there’s no guessing as to whether or not he can afford to pay a premium until the day he passes.

Also check out our Hillary Clinton life insurance article where we uncover Hillary’s life insurance policies.

What do you think about the death benefit of Trump’s life insurance policy? Is it in excess of $5 million? How about $10 million? Maybe more?

Join the discussion One Comment

  • Chris says:

    Considering that the largest life insurance policy sold was in 2014 to a Silicon Valley executive for $250 Million+ , I’d think that he would have a significant amount of life insurance. Most of Trump’s holdings are in real estate so he would need liquidity for his real estate partnerships to use to pay estate taxes and provide operating capital.

    Many folks think that life insurance premiums are “too expensive” at older ages. however, most business people understand that the premium is truly much smaller than the benefits provided and it’s a valuable tool for family estate planning. And, yes, Trump probably does not own term life insurance!

    Chris Acker, CLU, ChFC

Leave a Reply