Enhance a Legacy: Pass it on!

Legacy planning is not only for the super wealthy. Passing on a legacy can be as simple as maintaining a loved one’s lifestyle after death or more complex like leaving a gift for charity or paying estate taxes. Life insurance can be an important tool in helping to accomplish these objectives and more.

Whether grandparents want to skip a generation, a second marriage needs to keep things equitable for a blended family, or a single parent needs to provide and protect, life insurance plays a pivotal role in transferring wealth.

Imagine how the client conversation changes if instead of asking, "would you like to buy life insurance to protect your family," you ask, "would you like to leave a legacy for your family?" 

We have you covered with our Legacy Planning resources! Check them out today and reach out to your MVP representative for legacy recommendations.  

The Role of Life Insurance in Estate Planning

Estate planning is often thought of as something that only applies to the very wealthy. In reality, there are several fundamental components of estate planning that everyone should consider to ensure their loved ones are cared for and their legacy lives on as intended. 

Life insurance is widely used in estate planning because it provides an important source of liquidity at the death of the insured. Since death benefits are usually received free of income tax, insurance proceeds can be free of estate tax as well, with proper estate planning. Whether it is used for personal, business, or charitable reasons, life insurance can help your clients plan for the future. 

MVP Financial has estate planning resources to assist you with proper planning for your clients. 

Use #EstatePlanningAwarenessWeek in your social media posts.