Insurance Options

Insurance can be an essential component of an overall financial strategy. While its primary purpose is often protection, certain types of insurance coverage may also support broader planning considerations.

Depending on individual needs and circumstances, insurance coverage may be used to help address:

• Providing funds to an estate to help cover debts, taxes, or other expenses

• Legacy or wealth transfer planning considerations

• Asset accumulation and distribution strategies

Insurance Planning Considerations

As you work toward achieving financial security for yourself and your family, you may want to consider the following insurance options as part of a broader financial planning discussion.

Protection and Legacy Transfer

• Term and Permanent Life Insurance – May provide insurance protection for purposes such as income replacement, debt obligations, mortgage needs, or education funding. Read more about life insurance options.
• Long-Term Care Insurance – May help offset certain health care costs that Medicare does not cover. Read more about long-term care insurance.
• Medicare Supplemental Insurance – Designed to help cover deductibles, copayments, and coinsurance expenses associated with Medicare plans.
• Disability Income Insurance – May help replace income in the event of a disabling accident, illness, or medical condition.
• Group Life and Disability Insurance – May provide employee life and disability insurance coverage for business owners and their employees.

Fixed and Variable Annuities

When working with a financial professional affiliated with The Legend Group, individuals may have access to a range of fixed and variable annuities offered by nationally recognized insurance companies. An advisor can help explain available options and how they may align with stated investment objectives.