A sensitive subject to some and therefore often over looked by many, insurance can add a
great deal of value to any Estate Plan. Incorporating an insurance portfolio into the planning process will
help to develop risk management strategies and asset creation and
protection.
Education Credit Union provides to its membership
access to Credential Financial Strategies which offers a wide variety of insurance products and carriers. Offering a variety of traditional whole
life, term and universal life insurance, complemented with disability, critical illness and long-term care
coverage, insurance representatives are able to recommend what will best suit your individual needs.
What will an insurance portfolio within your Estate Plan provide?
- Minimize estate taxes
- Life insurance is free of income tax and upon a death will provide the liquidity needed to pay income taxes due on your estate. Leaving your assets intact to be passed on to your heirs without the need for liquidating your estate at fire sale prices.
Create an estate
If a death should occur prematurely, life insurance can be used to create an estate for family members, protecting and preserving their standard of living.
Charitable giving
For a modest cost, life insurance can be used to provide a monetary gift to a needy charity by appointing them as beneficiary.
Income loss protection
Disability insurance can be used to replace a percentage of wage earners income in the event of a disability or illness.
Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offering financial planning, life insurance and investments to members of credit unions and their communities. ®Credential is a registered mark owned by Credential Financial Inc. and is used under license.
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| Credential Financial Strategies |
Jo-Ann Spicer CFP FMA EPC
519-742-9998
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