1. Having a large portfolio negates the need for life insurance altogether.

2. Life insurance premiums add little value to the financial strategy.

3. Life insurance is an essential financial planning tool only for young families.

THE FACTS:
Individuals with a large portfolio may not necessarily need life insurance, but it can help them address complex estate planning concerns such as excessive taxation upon death and the possible need to liquidate valuable assets to fund the tax bill.   It can allow you to build additional wealth on a tax-sheltered basis - with a tax-free benefit paid to your estate - to ultimately maximize the asset value passed on to future generations. If you have sophisticated financial planning needs, these are important opportunities.

While some people may feel life insurance premiums are a waste of money or are reluctant to consider the possibility of death, we all have obligations regardless of whether we are here to meet them or not:

· burial expenses
· children’s education
· mortgage and other debt payments
· tax liabilities
· ongoing daily expenses

Furthermore, a life-altering event such as diagnosis of a critical illness would mean your family might need to fund medical expenses through the investment portfolio. So it is important to protect your family and your portfolio through proper tax and estate planning.

While young families have significant financial obligations and need protection, life insurance is a risk management tool with a tremendous investment upside at any stage. No matter what your assets or debt, or where you find yourself in the lifecycle, there is likely a life insurance solution that could form an essential part of your overall financial strategy.

What’s important to you today is not the same thing that was important to you in high school, nor will it likely hold the same importance in several years’ time. Similarly, your investment portfolio will evolve as your personal situation, priorities and risk comfort change. The same can be said for your life insurance strategy.

Life insurance is an important part of financial planning, the value and purpose of which hasn’t always been clear. The Ritcey Team, along with our team of experts, can assess your situation, determine the right approach, and develop a life insurance solution that fits right into your overall financial strategy.

To help determine how much insurance you and your family may require please click below for our Life Insurance Analyzer:

Life Insurance Analyzer

Products:
· Term Insurance
· Universal Life
· Annuities
· Guaranteed Interest Annuities
· Segregated Mutual Funds
· Critical Illness Insurance
· Disability Insurance
· Long Term Care Insurance

Concepts:
Corporate:
· Key Man Insurance
· Buy/Sell Agreements
· Business Succession Planning
· Corporate Estate Bonds
· Corporate Insured Annuities
· Corporate Insured Retirement

Personal:
· Estate Bond
· Tax Protector
· Insured Annuities
· Insured Retirement

For more information, please click below to contact The Ritcey Team:
Contact

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“Advice after injury is like medicine after death.”

 ~ Danish Proverb