Personal Insurance Services
Income Replacement
There are only two ways to earn an income: (1) people at work, or (2) money at work. Life insurance simply steps in to replace income that is lost by one or both income earners in a family. Life insurance is the cheapest way to keep your family in the world that you have provided and helped create for them.
Without a correctly structured life insurance plan, your family may be forced to make decisions regarding their way of life at one of the hardest times a family could ever face. The decision to sell a home, relocate, change schools, and so on, should not have to be made during a time of mourning; however, without life insurance, this is often what happens. With a life insurance plan in place, these decisions can be made on the family's timetable, not a bank's or other financial institution's.
Estate Planning
A common myth is that estate planning is only for the super wealthy, which is not true at all. If you own a home, business, have charitable objectives, or dependents then you need estate planning.
The IRS allows a surviving spouse who is a U.S. citizen to receive an unlimited amount of property, free from federal estate tax; however, the second death the remaining estate is subject to estate taxes. Federal estate taxes are due nine months after the death, and these taxes can absorb nearly 50% of your estate before even one dollar is passed to your heirs.
We can structure a plan that will provide the necessary funds for taxes and settlement costs, while leaving your personal and business assets intact. You can have the peace of mind of knowing that your heirs will receive the full legacy—not just a part of it—that you have spent a lifetime creating.