BGA Blog

"Insurance is financial protection and financial protection is for everyone."

  • DINA MABRY | Principal BGA Premier Insurance Solutions, Inc.

Would you rather leave your legacy to your children or the IRS?


An IRA Wealth Transfer Strategy that includes a life insurance policy can help preserve your wealth and protect your assets.

We all know that life insurance can help your loved ones cover expenses they currently (or will someday) face if your earnings were no longer in the picture.

Some of the most common immediate and everyday expenses people

use life insurance for include:

  • Funeral and burial costs

  • Mortgage or rent

  • Household upkeep expenses

  • Credit card debt

  • Car loans

  • Property taxes

  • Groceries

  • Utilities

  • Childcare expenses

  • Future college costs

But that’s only part of the story…

Life Insurance can do even more to help the ones you love.


Beyond covering burial costs, replacing income, and paying for many other living

expenses, your policy can have living benefits that accumulate cash value over time. You can use that cash for whatever you like: to help buy a home, cover an emergency

expense, supplement your retirement income, or as part of an IRA Wealth Transfer

Strategy to minimize the income tax your beneficiaries will need to pay on their

inheritance.

Would you rather leave your legacy to your children or the IRS? Without some strategic

planning, good ol’ Uncle Sam could get a substantial chunk of your hard-earned savings

and investments (Instead of your kids!)

An IRA Wealth Transfer Strategy that includes a life insurance policy can help

protect your beneficiaries from paying unnecessary taxes on their inheritance

by having the policy itself pay the taxes for them.

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