You want your children to have every resource at their disposal that will help them find success and a life of contentment.
Inheritance planning has shifted to a new dimension. Mom and Dad procure appropriate insurance products so that they can enjoy their current lifestyle well into retirement. With their lifestyle secured for their lifetime, they can leverage unused assets to maximize their legacy, eventually left to their children.
With our country’s enormous debt, invasive regulations, and relentless attack on business owners and individuals, your children will need every resource at their disposal to build wealth on their own just like you did. Your life insurance preparations can end up being the real difference maker.
Life insurance allows you to leverage your assets while still having access to tax-free cash in case there’s an emergency. It can also protects those assets in your later years should you need to pay for a critical, terminal, or chronic illness. If you don’t need those services, you can leave tax-free death benefits – leaving a legacy for generations to come.
With a properly designed trust, you can set the behavior and characteristics of your children, grandchildren, and great grandchildren with incentive provisions such as college, starting a business, or being on a board of a charity. Set further provisions for no drugs and no alcoholism. Your legacy and values will live on long after you have passed away.