Protect Your Family, Your Assets, and Your Future
Most people spend years working to build a life, a home, savings, a business, a family, and plans for the future.
But building something is only part of the job.
The other part is protecting it.
That is where life insurance, annuities, and estate planning can play an important role.
Life Insurance: Protecting the People Who Depend on You
Life insurance is designed to provide financial protection for the people you leave behind.
Depending on your needs, life insurance may help provide money for:
- Income replacement
- Mortgage payments
- Outstanding debts
- Childcare and education expenses
- Final expenses
- Business obligations
- Other financial responsibilities
There are several types of life insurance, including term life, whole life, indexed universal life, and final expense insurance.
The right type of coverage depends on what you are trying to protect and how long that protection is needed.
Annuities: Creating Protection and Income
Annuities are insurance products that can serve different purposes.
Some are designed primarily to help accumulate money, while others are designed to create predictable income.
Depending on the type of annuity, features may include:
- Fixed interest
- Tax-deferred growth
- Protection from direct market losses
- Index-linked growth potential
- Predictable income
- Lifetime income options
One of the biggest financial risks people face later in life is simply living longer than expected.
A properly structured lifetime income annuity can help address that risk by creating income that can continue for life, subject to the terms of the contract and the claims-paying ability of the issuing insurance company.
Estate Planning: Making Your Wishes Clear
Estate planning is about more than deciding who receives your property after you die.
A complete estate plan can also address what happens if you become unable to manage your own financial or healthcare decisions.
Estate-planning tools may include:
- Wills
- Revocable living trusts
- Financial Powers of Attorney
- Healthcare Powers of Attorney
- Beneficiary planning
- Real estate retitling
- Estate-plan amendments
A properly created and funded revocable living trust may also help certain assets avoid probate and provide greater privacy and control over how property is distributed.
Why Planning Matters
Most financial problems are easier to address before they become emergencies.
Life insurance is easier to purchase before a serious health problem develops.
Estate-planning documents are easier to complete before incapacity occurs.
Income planning is easier to address before someone is forced to begin withdrawing money.
The goal is not to predict everything that may happen.
The goal is to make sure you have a plan when life does not go exactly as expected.
About Setter Financial
Setter Financial helps individuals and families better understand their options for life insurance, annuities, final expense insurance, and estate planning.
Setter Financial works with multiple insurance companies so clients can explore different insurance and annuity options rather than relying on products from a single carrier.
Setter Financial is also affiliated with Estate Guru for estate-planning services. All estate-planning legal services and legal-document preparation are completed through Estate Guru’s legal team.
If you would like to learn more about life insurance, annuities, wills, trusts, Powers of Attorney, or other estate-planning options, visit:
Setter Financial
https://www.setterfinancial.com/
Education first. No pressure. Just options.