Maximize Your Legacy with Strategic Financial Practices
Let’s talk about your assets. If you’re a financially sound individual, you’ve most
likely mastered the art of utilizing your dollars to grow your wealth. Whether it’s
in the form of property, art, or financial investments, you understand the
importance of maximizing your assets in the form of predictable growth.
Wise and strategic investments serve as your nest egg, your legacy, and your gift to
But what happens to those hard-earned investments when you’re gone? Should they be the first to face increased pressure... and, possibly loss?
Life insurance, often considered the underdog of the financial planning world,
could be the most valuable way to secure your assets. There are few, if any,
financial instruments that yield the same return as a well-designed life insurance
portfolio. Often, policies are priced in such a way that you can take advantage of
tremendous growth and protection of assets without risk, and at only pennies on
Combining the counsel of an experienced estate planning attorney with a trusted
insurance professional is critical to ensuring that you can strategically maximize
your wealth and legacy.
Secure your legacy
After paying estate tax and other expenses upon death, life insurance can be used
as your safety net to replace those lost assets. In many cases, life insurance can
eliminate the risk of your assets being sold under pressure.
Navigate Market Fluctuations
Whether invested in securities, hedge funds, real estate or venture capital, a
downturn in any of these financial markets can create an unanticipated loss. Offset
potential losses with life insurance that can replenish your estate.
Create your Charitable Legacy
Rather than bequeathing a portion of your estate to a charity, consider purchasing a
life insurance policy that will pay the charity upon your death. Not only will this
help maintain your estate, but it will illuminate your roadmap to creating a lasting
Equalize Inheritance Without Disrupting your Family Business
Many financial issues may arise when passing on your family business, especially
if certain families are more active in the business than others. Purchasing a life
an insurance policy can provide your children who are not involved in the family
business a sum equal to their portion of the business.
Create Tax-Free Income for your Children and Grandchildren
Life insurance can be financially adept at securing inheritance for your posterity.
Purchasing a cash-rich permanent policy with the minimum death benefit can
provide a tax-free income stream for future generations.
For example: Paying $1,000/month for your 33-year-old son over the course of 30
years will render him the ability to withdraw $75,000 annually, tax-free, beginning
at the age of 63 (continuously until the age of 100). The death benefit starts at
$400,000 at age 33 and grows to $1,450,000 by age 63.
Shield yourself from risk with Long-Term Care
Of course, you can afford the best medical care, but why risk depleting your assets,
when you can shift the risk onto the insurance carrier? With a Life policy with
Long-Term Care Rider, your life insurance policy can provide a tax-free death
benefit along with a Long Term Care benefit in a single wrapper, all for a very
modest premium. And, if you are fortunate to pass away without needing
specialized care, the death benefit will increase your estate tax-free and repay all
Take Control of your Legacy
The bottom line? Life insurance can be a very good deal when used strategically.
Why not take advantage of these benefits, while you’re in the ideal position to do
so? An experienced estate planning attorney can provide unbiased consultation to
help you use the benefits of life insurance to maximize your wealth and legacy.
Do not leave the future up to chance; take steps today to ensure that your family
will be cared for and that your legacy will be preserved for future generations.