Life Insurance
At its most fundamental level, taking care of those who mean the most is what having life insurance is all about. Life insurance is a tax-advantaged plan for the unexpected, and it offers financial protection for survivors in the case of loss of life (usually tax- and probate-free), helping them pay for income replacement, mortgage payments, medical bills, education expenses, and estate preservation.
Preparation is key and today’s innovative insurance strategies can provide multiple benefits. Risk management when it comes to life insurance involves taking a hard look at all the potential adverse life circumstances that could arise and shifting the financial burden over to an insurance company instead of you, your business, or your family.
With permanent cash value policies, you might even be able to leverage them for living benefits, including 1) tax-free retirement income in the form of policy loans if everything is designed properly, 2) coverage for the cost of long-term care if you need it (or a death benefit if you don’t), or 3) accelerated death benefit payments in the case of chronic or terminal illness, allowing access to funds when you need them most.
Our Services
At Connect Tax and Wealth Management, we seek to provide each client with a comprehensive approach that allows you to simplify your life and make one phone call to manage almost everything related to your finances. Here are just some of the services we may provide as part of your custom financial and tax plan. Be sure to reach out to us for a complimentary conversation to discuss your life and financial goals and how we might help you reach them.
