Life Insurance - LEGACY CAPITAL GROUP Inc.

Insurance is a very important part of a complete Financial Plan. There are two main purposes for including insurance in your Financial & Estate plan; Wealth Creation & Wealth Preservation.

The variety and complexity of insurance products may seem daunting but we are here to help. Legacy Capital offers a full array of insurance products to meet your personal or business needs.

We will assess your individual situation and shop the market to get you the best combination of features and price for your consideration.

A life insurance policy pays a tax free cash benefit to your beneficiaries when you die. The amount of money for which you are insured and the type of insurance you buy depends on your needs.

There are several unique benefits of Life Insurance that need to be considered as an active part of building Wealth and securing your families future. They are;

1. Asset Protection - protect your family against loss of income due to death, critical Illness or disability

2. Beneficiaries receive a Tax Free - Lump Sum payment

3. Flexibility of use - Can be used to clear debts outstanding, mortgages, pay for children's education

4. Legacy Wealth

Call us at 416.544.0202 or 1.877.544.5054

It's Easy

We will work to identify which solution is most appropriate for you.

It's Free

No cost Consultation & Service

There is NO Obligation

We want to partner with you as you build Generational Wealth

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We are experienced and fully licensed Independent Brokers with a fiduciary duty and exceptional client care.

There are several considerations that can help you to determine how much insurance you may need.

Ask yourself these five basic questions to begin the process:

1. How much debt do you owe?

2. What income amount will you need to replace?

3. What assets do you need to protect?

4. How much money will you need when you retire?

5. How much cash would you like to leave as a Legacy to your beneficiaries?

The primary purpose of life insurance is to protect against the personal and financial strain of an unexpected death. However, life insurance comes in many forms and can accomplish other, more complex, goals too.

Term insurance is temporary and covers you in case of death for a specified period of time. Like all life insurance, it pays a cash benefit to your beneficiary, tax-free. It is initially the most affordable insurance but the cost will increase as you age.

Permanent insurance Ideal for Estate and Legacy planning, It keeps you covered as long as you live. Over the long term, it could be less expensive than term insurance. Permanent insurance is a good foundation for your financial plan because it will carry you through your entire life. From this foundation you can build your plan by adding health protection and savings programs.

Universal life insurance - also ideal for Estate and Legacy planning, a Universal plan provides a tax-free death benefit plus the option to invest and earn tax-deferred interest. Deposits to the policy fund can be used for funding the insurance portion or for investments. Universal Life policies are also used as a sophisticated financial planning tool for people with significant disposable income.

Ask us about some of the more sophisticated uses of Life Insurance that can be used to build your Wealth.

Legacy Capital Group of companies is a Wealth Management firm that offers a wide range of financial services and products. We are focused on helping the families and businesses we serve build generational wealth.