Life Insurance to Protect Your Family and Legacy
Life insurance isn’t something that most people like to think about; but it is unique and can offer a variety of solutions to financial needs and legacy transfer. Life insurance may be essential and a crucial element of sound wealth management planning.
Comprehensive life insurance planning philosophies enable you to take care of the people and legacy you care about. Whether that be estate planning, debt repayment, income replacement or to gain additional assets.
Life Insurance to Protect Your Family and Legacy
Life insurance isn’t something that most people like to think about; but it is unique and can offer a variety of solutions to financial needs and legacy transfer. Life insurance may be essential and a crucial element of sound wealth management planning.
Comprehensive life insurance planning philosophies enable you to take care of the people and legacy you care about. Whether that be estate planning, debt repayment, income replacement or to gain additional assets.
Purchasing life insurance keeps your heir’s best interests in mind, while allowing you the ability to leave the legacy you intended.
Estate Planning
Permanent life insurance may help assure that future generations are protected by reducing or eliminating tax burdens. Beneficiaries receive the death benefit of a life insurance policy income tax free. In some instances, life insurance proceeds may be exposed to estate taxes but by creating an Irrevocable Life Insurance Trust you separate the value of your life insurance policy from your estate. Effective life Insurance strategies may allow the death benefit to be passed along to beneficiaries income and estate tax free.
Estate Planning
Permanent life insurance may help assure that future generations are protected by reducing or eliminating tax burdens. Beneficiaries receive the death benefit of a life insurance policy income tax free. In some instances, life insurance proceeds may be exposed to estate taxes but by creating an Irrevocable Life Insurance Trust you separate the value of your life insurance policy from your estate. Effective life Insurance strategies may allow the death benefit to be passed along to beneficiaries income and estate tax free.
Debt Repayment
The proceeds from a permanent life insurance policy should allow your heirs to pay off any outstanding debts without having to leverage other assets. This is also a way to keep affairs confidential.
Debt Repayment
The proceeds from a permanent life insurance policy should allow your heirs to pay off any outstanding debts without having to leverage other assets. This is also a way to keep affairs confidential.
Income Replacement
The death of the main breadwinner in a family may force the remainder of the family to readjust their current lifestyle and possibly even the family’s future. Policy death benefits may create liquidity for the family, assist with paying household expenses and ensure college funding.
Income Replacement
The death of the main breadwinner in a family may force the remainder of the family to readjust their current lifestyle and possibly even the family’s future. Policy death benefits may create liquidity for the family, assist with paying household expenses and ensure college funding.
Gain Additional Assets
The cash value in permanent life insurance products may be utilized as an additional savings vehicle or to generate an additional source of income at a certain age.
Gain Additional Assets
The cash value in permanent life insurance products may be utilized as an additional savings vehicle or to generate an additional source of income at a certain age.