How many of us remember the massive TV’s of the 1990s that weighed so much that they could’ve sunk the titanic or at least made Hercules groan when told to move one. In fact, Hercules actually had 13 labors including: slay the Nemian Lion, Kill the Hydra, hunt the Erymanthean boar, and lift one TV from the 1990s.
Now a-days, TV’s are so slim and weightless – and in our future we can enjoy 4K resolution on our plasma screens as we reminisce about the “good ole days” of January 2020 when the world seemed normal. Much like new TV’s, many updated and new products are available to the public, and life insurance is no different. While the old saying is true that “they don’t make them like they used to”, in this case, that’s a good thing. Products focused on legacy planning instead of cash buildup, strategies ranging from paying for a simple funeral to taking care of the Estate Tax due 90 days from your passing, and even programs where companies will buy your paid-up life insurance contract for a significant amount so that you can use the money now instead of waiting to die, are all just some of the many improvements the insurance industry has made over the past several decades.
Although the term “audit” makes most of us want to clench tightly and research conspiracy theories against the IRS, my small financial firm performs “Policy Audits” of individuals’ life insurance policies. Think of it more as a medical check-up than an invasive financial process designed to make you consider Swiss Citizenship. We make sure the policies are performing the way they are supposed to, evaluate where the policy will be in 5, 10, 20+ years, and how it stands up to current products available. There are some ‘Golden Goose” policies out there purchased back in the day, but very rarely did anyone keep those policies. It’s always good to know what your options are and have the flexibility to focus on legacy. The legacy you will leave to your family, your favorite charity, your church, your community, or even to yourself is one that deserves the best plan possible. If you’d like to see what your options are, please send an email at [email protected] or visit my website, http://www.courtorderedinsurance.com