With proper legacy Insurance planning, you not only can safeguard and preserve your wealth, but also transfer your wealth to the next generation to ensure your loved ones are well taken care of. Legacy insurance essentially takes care of two key needs:
1. Legacy planning
As an intelligent asset diversification strategy, you may use legacy insurance plan to protect the value of your diversified asset portfolio. It can also amplify your estate.
Ensure a smooth and equitable financial legacy – Legacy insurance plan offers liquidity into your estate when it is most needed. Not only will it ensure distribution of wealth as you wish, but also keeps your assets such as businesses or properties intact and maintain harmony within the family.
2.Income generation
A gift of love beyond generations – Legacy insurance plan provides a lifetime income for your child and when the child passes on, your grandchildren will receive a lump sum payout.
A passive stream of lifetime income - you may live the lifestyle you desire and have the freedom to choose when you would like to retire.