Life Insurance

A product for a secure future

Life insurance can be a good part of your investment, your retirement or your legacy planning.

Life Insurance as an Investment

Life insurance is something that people either view as an investment necessity to offset debt, a great way to pass money on to the next generation or some that can be used for funeral expenses.  Unfortunately, If you currently have life insurance and the face value is greater than $1,500, your cash value is now an attachable asset for nursing home spend down for Medicaid.  Upgrading your policy can be a great option, but can only be done by independent planners like us.

Life Insurance as a Legacy

If you want to leave a legacy, life insurance is a great way to do that because it provides tax-free money to your heirs. If your goal is to offset taxation and increase the amount of money your heirs receive, then don’t let them inherit your IRA which is 100% taxable to them as ordinary income.  Instead, purchase a life insurance policy with a portion of the your IRA, so when you pass away the taxation is not only less but your heirs also receive tax-free money.