Life insurance plays an important role in legacy planning, allowing you to guarantee what you choose to pass on to loved ones. It can help fulfill your legacy to your spouse or heirs and:
- Ensure funds are immediately available to pay administrative costs, gift taxes, and estate taxes.
- Prevent your spouse or heirs from being forced to sell a home, business, investments, or family heirlooms at an inopportune time to raise cash for day-to-day living expenses or to cover other financial obligations.
- Provide an inheritance to your children from a current or prior marriage, even if you leave your other assets to your current spouse.
- Depending on the product and terms you select, you could lock in the internal rate of return for this designated pool of money that will be passed on to your heirs.
You may also choose to leave a gift to your religious organization, alma mater, or favorite charity.
These are just a few of the ways life insurance can make sure those you care about realize the full benefit of your legacy.
To learn more, give us a call today at 405.767.1230 to schedule a consultation.
All guarantees are based on the claims-paying ability of the issuing insurance company.