Insurance Planning

Risk is inherent in all facets of financial wealth. By offering a hedge against the risk of loss, life insurance is risk management - protecting your resources and your legacy.

 

Protecting Human Capital

Human capital is the value of your expected future earnings, including wages and pension. If human capital is a significant part of your portfolio, then managing your risk is important. Protecting your human capital mitigates your legacy risk and provides the same standard of living you are accustomed to having.

 

An Asset Class

With its ability to provide significant financial protection with low risk, permanent life insurance is an asset class that diversifies a well thought-out portfolio. Because the life insurance death benefit is paid in full at the time of death, timing concerns are not a significant factor.

 

Wealth Transfer

Life insurance has the dual capability of instantly providing a liquid asset and increasing the legacy you leave. Not only does it provide your family with immediate liquidity to pay taxes and administrative costs, but it can also help minimize or eliminate transfer taxes, such as estate taxes and the generation-skipping transfer tax (GST).*

 

Gift Tax Optimization

A well-designed life insurance portfolio takes advantage of the gift tax exclusion to minimize the size of your taxable estate and to pay insurance premiums, allowing you to use "discounted" dollars to pay taxes and thus enhance the premium vs. insurance benefit.*

 

*Neither Legacy Resources Insurance Services, Inc., nor its agents, provide tax, legal, or accounting advice. Please consult your tax, legal, or accounting professional before making any decisions.