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For many farm and ranch families, the land is more than an asset. It’s the family business, a way of life, and a legacy they strive to pass to the next generation.

Although the desire to preserve that legacy may be strong, the plan for doing so isn't always in place.

For many clients, estate planning is not just about transferring assets. It is about creating a legacy that can support children, grandchildren, and future generations in a meaningful and efficient way.

Many clients think of inheritance as a future event. As a financial professional, you can help them view it as a long-term planning opportunity that should begin much earlier.

In the realm of retirement planning, life insurance often takes a backseat to more traditional investment vehicles like 401(k)s, IRAs and annuities. But that doesn’t mean it’s not an effective retirement planning tool. A life Insurance retirement plan (often referred to as LIRP), besides being fun to say, offers more than just tax advantages.

Life insurance planning changes as your life does. What you need at 35 is not the same as what you’ll need at 55. Knowing how your needs shift can help you make better choices now, save money and help you feel prepared later.

Planning for retirement means more than just saving. It’s about making sure you have a steady income that lasts as long as you do. With people living longer and markets staying unpredictable, many retirees worry about running out of money. An indexed annuity can help by providing guaranteed income for life, helping give you more certainty and confidence in your retirement plan.

Estate planning is essential for everyone, regardless of the size of the estate. Life insurance plays a crucial role in various aspects of estate planning, helping provide financial security to your loved ones. Here are 10 ways to use life insurance in estate planning for modest estates.

“Despite having to navigate various macroeconomic, economic and social challenges, the US life insurance and retirement industry holds significant potential for growth”.

E&Y just published a continuation of a series analyzing the impacts and potential benefits of including insurance products in a retirement plan to help meet the savings and protection needs of consumers.

 Ask your clients to rate the life they’re living on a scale from 1 to 10.

Their car? An 8 or 9.
Their home? Maybe a 7 or 8.
Their kids’ school? An 8, maybe higher.

Your clients work hard to provide a life they’re proud of. But when it comes to protecting that lifestyle, too many are only planning for a 3. To me, that’s a disconnect. If your clients are working hard to give their families the best, why would the plan to protect it fall short?