Insurance Solutions

Life insurance can be one of the most effective solutions to safeguard your family legacy, while also providing emergency funds to cover financial loss that may occur during your lifetime.

 

How Life Insurance Can Generate Meaningful Results

  • Security: to replace lost income in the event of your premature death, as it can deliver a designated amount of money to your beneficiary when it is needed most
  • Liquidity: to provide immediate cash to pay taxes, administrative costs, debts, and other claims against your estate without having to sell real estate, family heirlooms, artwork or other assets during a down market
  • Leverage: through gifting, the premium to the irrevocable life insurance trust enables you to leverage your annual exclusion gifts into a gift and estate tax free death benefit*
  • Certainty: to provide an asset that is safe from creditors**
  • Assurance: to provide a source of money for unexpected emergencies***

*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.

**Rules vary according to state and ownership.

***Accessing the cash value via policy loans will reduce the death benefit and the cash value by the amount of the outstanding loan and loan interest.