What is Legacy Planning?
Your clients have worked a lifetime to create financial security for themselves and their family. With advanced planning and established wealth, your clients may be comfortable and have assets that may not be needed to fund their retirement. So where does that leave them?
Transferring Wealth with Life Insurance
There comes a point in time when seniors begin to worry about the legacy they’re leaving behind. Grandparents often worry about the grandchildren’s future. Their goal now is to pass their wealth on to others. A spouse is typically the first recipient. After that, children, grandchildren, and charities are usually next. Your clients want to control who will benefit from their financial success and establish the best way to transfer their wealth.
With proper planning, it is possible for older generations to utilize assets that are not needed for everyday living expenses and make more efficient use of them for the benefit of future generations, while still maintaining control over these assets.