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Protection

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At Legacy Partners, we recognize that many of our clients are not aware of why they still may have a need to protect their loved ones in the event of a passing when they enter retirement. Coupled with protecting loved ones in the event of a passing there lies another potential wealth erosion event that can ultimately deplete the wealth that took decades to create.  We do not limit our focus exclusively on growing assets in order to avoid overlooking the potential for long-term care and the impacts on the caring spouse and ultimate use of retirement assets to pay for care.

Our holistic planning philosophy not only addresses the accumulation and income distribution of assets for retirement income but also encompasses conversations centered around the real potential of a long-term care event and its impacts.

Questions To Consider About Your Protection  Needs:

As we progress toward your financial future, life insurance takes on a vastly different meaning. While the decision to purchase life insurance should be based on the need for a death benefit, life insurance can also help with our clients' financial goals, such as covering a mortgage or other debt including student and business loans, paying for college expenses, and supplement income in retirement or fund retirement goals for your spouse.

In addition, properly planning for long-term care events early enough in your golden years can help your family to avoid being put in a position to have to make unfortunate financial decisions. We have all seen instances with either our own family members or friends' where their money was used for providing needed care instead of having alternative options for funding this possibility.

At Legacy Partners, we believe that addressing these types of questions early in our planning process allows our clients to position themselves for addressing unknown future events.

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