Life Insurance
Protect Your Family, Business and Legacy
Life insurance provides protection for your family and loved ones while allowing you to meet your financial goals. Whether term life or whole life, in the event of death, a death benefit is paid to the beneficiaries income tax-free.
Life Insurance – Protect What Matters Most
Life insurance is one of the most important financial decisions you will ever make. It protects your family, replaces your income, and can help build long-term wealth.
At Legacy Insurance Agency, we offer independent guidance, and Infinite Banking Concept strategies tailored for families, physicians, professionals, and business owners.
Protect, Plan and Prosper for Generations
Types of Coverage
Term Life provides temporary protection at an affordable rate over a specified period of time. Get your free Term Life Quote.
Whole Life offers permanent protection and coordinates with your other assets by providing protection, growth and significant tax benefits. Learn how Whole Life can benefit you.
Guaranteed Issue Life offers protection that you can count on regardless of your health. Have you been turned down or declined? Learn more, Guaranteed Issue Life
How Much?
While there are many theories on how to buy life insurance, the only one that provides for your full economic benefit is the human life value approach. Our human life value, as described by the late Solomon Huebner, is the capitalized monetary worth of the earning capacity resulting from the economic forces that are incorporated within our being: namely, our character and health, our education, training, and experience, our personality and industry, our creative power, and our driving force to realize the economic images of the mind.
Needs based analysis doe’s not address this issue completely, primarily because it focuses on the death benefit and immediate needs. Since it is impossible to predict the future, the needs based approach is flawed. When purchasing life insurance, consider your human life value.
Life Insurance policies remain in force while scheduled premiums are paid to the company, this can be scheduled at the time of application, from 1 year to age 121.
Not sure how much? Follow this link to use the Life Happens needs based Life Insurance Calculator
Schedule a reveiew to calculate your human life or economic value.
Life is Good!
Owning life insurance is a good thing, and it can provide many benefits to its’ owners and beneficiaries, as well as a social benefit to society.
In recent years it has been sold for the wrong reasons, on a needs only basis as a death benefit. It’s not just about death, but about living and adding value to your life and the ones you care about. It can also be used as a financial tool to achieve success while you’re young, and to supplement your retirement income later in life.
Frequently Asked Questions (FAQ)
What is the difference between term life and whole life?
Term life provides coverage for a specific number of years at a lower cost. Whole life provides lifelong coverage and builds cash value that can grow over time and be used while you’re alive.
How much life insurance do I actually need?
It depends on your income, debts, family situation, and goals. We use and prefer the Human Life Value method and review your full financial picture to demonstrate the right amount of coverage. Ultimately, only you and the underwriter can determine this amount.
Can life insurance help me while I’m still alive?
Yes. With properly designed whole life insurance, you can access the cash value through policy loans. This is the foundation of the Infinite Banking Concept for financing major purchases on your own terms.
Is life insurance a good way to build wealth or retirement income?
Whole life insurance can play a powerful role in wealth building and providing tax-advantaged retirement income when structured correctly as part of a comprehensive plan.
Do you help with estate planning and legacy goals?
Yes. We coordinate life insurance with estate planning strategies to help you protect your family and transfer wealth efficiently to future generations.
Let’s Talk
Schedule a time to talk about your legacy goals.
Most people want the same things out of life – happiness, success and reasonable wealth. We strive to help our clients achieve these goals through maximum protection of their life, income and assets.
Contact us for a no cost, no obligation financial review and consultation to learn more.
We are an independent agent and work with the best mutual companies. Depending on your stage in life, health and financial position, we can help you choose the best coverage for your goals.
Located in Ocean Springs, MS. Meet with us in person in Jackson, Hattiesburg, Covington, LA or online. We are licensed in the Southeast and serve the USA online.