Legacy Versus Leverage: Life Insurance Awareness Month

As a business owner, every decision you make shapes your legacy. Your choices today determine how well you leverage your resources now to protect your future. September is Life Insurance Awareness Month; a reminder to act now to help you preserve what you’ve built and prepare for what’s next.

Legacy: Protect What Matters Most

• Family Income Protection - This can replace lost income and cover essential expenses. It can also help ensure your loved ones are financially secure.
• Estate Liquidity - Access immediate funds to cover final expenses and estate taxes. This aids in protecting your assets and easing the transition for your heirs.
• Estate Equalization - Planning to pass your business to an heir? Life insurance can help ensure distribution to others, keeping your legacy fair and intact.

Leverage: Strengthen Your Business

• Buy-Sell Agreement Funding - Life insurance can fund buy-sell agreements, ensuring your business continues smoothly when ownership changes.
• Executive Benefit Planning - Create customized benefit plans that help retain key employees. Doing this can go a long way to support your company’s long-term success.

Whether you're focused on legacy, leverage, or both, life insurance can be a powerful tool. Contact your Federated® Insurance marketing representative today to assist in connecting you with an independent and qualified estate planning attorney. 

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This article is for general information and risk prevention only and should not be considered an offer of insurance or legal, financial, tax, or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all losses. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. This information is current as of its publication date and is subject to change. Some of the services referenced herein are provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances. All rights reserved.