Legacy Planning – Reliance Safeguard Insurance

Legacy and estate planning

Life insurance can be used as a tool for transferring wealth to future generations, providing a tax-efficient way to leave a financial legacy for loved ones or charitable causes.

Covering final expenses

Even in retirement, there may be final expenses such as funeral costs, outstanding debts, or medical bills. Life insurance ensures that these expenses are covered without burdening your surviving family members.

Income replacement for surviving spouse

If you have a surviving spouse who relies on your retirement income for their financial security, life insurance can provide a source of replacement income to maintain their standard of living after your passing.

Paying off debts and taxes

Life insurance proceeds can be used to pay off any remaining debts, such as mortgages or loans, as well as any estate taxes that may be due upon your death, ensuring that your assets are preserved for your heirs.

Supplemental retirement income

Certain types of life insurance policies, such as cash value or indexed universal life insurance, can be used as a supplemental source of retirement income. By accumulating cash value over time, you can access tax-deferred funds through policy loans or withdrawals to supplement your retirement savings and provide additional financial security in your golden years.

We’ll be brief and concise.

Let Reliance Safeguard help you secure your financial future today!