Legacy insurance planning is the process of preparing for the life insurance you leave behind. We know that it may sound strange to talk about life insurance as an inheritance, but it can have a tremendous impact in the future of your loved ones. There is more to life insurance than protecting your family when you are with them. Life insurance can also ensure they are taken care of after your demise.
Having a legacy insurance plan is one important aspect of the estate-planning process. It should be designed to protect an estate from risks protecting your assets and supporting your philanthropic causes. The design and implementation of a legacy insurance plan depend on your goals.
What can Legacy Insurance Planning do for you?
Life insurance can be used to replace income, pay off mortgages or other debts, create an income stream after retirement, create a nest egg for future generations, fund charitable gifts, and personal trusts, or even provide liquidity to pay estate taxes. While legacy planning insurance may not be suitable for every situation, it can provide many benefits that other assets cannot.
With Uncle Kelvin’s assistance, your wishes and desires are met even after death, and if you want to leave a lasting legacy for your loved ones, there is no better way than through life insurance.
Uncle Kelvin offers a wide range of legacy planning services that can help you make sure that your life insurance policy will be able to provide for your family long after you have passed away. Connect with us to learn how to get started on your legacy plan.