Legacy Master® Whole Life Insurance: Maximizing Your Financial Future
With Legacy Master Whole Life Insurance, you make one lump sum payment, referred to as a single premium, then simply let your cash value grow. This policy combines tax-deferred living benefits with the income tax-free death benefit of a life insurance policy. It helps you maximize the inheritance you leave as your legacy while doing so in a tax efficient way. If you don't need income from current assets, consider a Legacy Master Single Premium Whole Life Insurance policy as part of your wealth transfer strategy.
Benefits of Legacy Master Whole Life Insurance
Perks from a Legacy Master Whole Life Insurance policy include:
Cash value grows, income tax deferred
Guaranteed death benefit to protect your loved ones
Proceeds pass to your beneficiary income tax-free, and potentially free of estate taxes
Death benefits may be paid without going through probate, preventing potential hassles and delays
Create an immediate estate with one single premium
Planning for your financial future doesn't have to be complicated, and we're here to help you design a practical financial strategy. Your financial representative can provide support and assist in mapping out a plan to help achieve your goals, which may include:
Controlling how your estate grows
Providing a secure future for your loved ones
Leaving a bequest to a charitable organization
Leaving an inheritance that may be passed on income tax-free
With Legacy Master, you make one premium payment then simply let your cash value grow. You reap tax-deferred living benefits with the income tax-free death benefit of a life insurance policy. The death benefit is guaranteed for the life of the insured unless canceled by cash surrender or exhausted by loan.
Legacy Master allows flexibility for you to get the most value out of your assets. If an emergency arises, you are able to access the policy's cash value. Or you can let the cash value grow, income tax deferred, maximizing the legacy you leave.
For example, Ed purchases a $100,000 Legacy Master policy with a benefit of $176,032. Because life insurance passes income tax-free, Ed's beneficiary will receive $76,032 more than if Ed were to die today, leaving him the $100,000 taxable asset.
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Consider Legacy Master
Learn about our whole life insurance policy, and determine if it's the best choice for your needs.
84% of Americans would agree most people need life insurance, yet when asked, only 70% said they needed any. (Insurance Barometer Study Limra & Life Foundation 2017)
In the event of a tragedy, life insurance can help pay bills, continue a family business, finance children’s education and protect spouse’s retirement plan. (LIFE Happens, 2017)
If the primary wage earner died, 62% of families would immediately have trouble meeting everyday living expenses. 43% of families would have trouble meeting expenses after several months. (Trends in Life & Insurance Ownership Limra 2016)
One in Five households with children under age 18, have no insurance whatsoever. (Limra Facts About Life2016)
Over 100 million adults without life insurance in the United States (“2015 Insurance Barometer Study”, Ashley Durham, LIMRA and Life Happens, April 14, 2015)
7 in 10 U.S. households own life insurance on average the only own enough to replace their household income for 3 years (2016 Insurance barometer Limra)
Almost 45% of U.S. Households say they are likely to buy life insurance in the next 12 months. (Limra Facts About Life 2016)
43% of those age 25-44 are concerned with leaving dependents in a difficult situation should they die prematurely. (2015 Insurance Barometer Study, Life Happens and LIMRA)
Top three reasons for not having life insurance are: 66% say it’s just too expensive for them. 66% say other financial priorities take higher precedence. 54% feel they have as much as they need right now. (Insurance Barometer Survey, 2017)
We can help you insure the ones you love. Start Now.
Western & Southern Financial Group
The Western and Southern Life Insurance Company, Cincinnati, OH, operates in DC and all states except AK, CT, ME, MA, NH, NY, and VT. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except AK, ME, NH, NY, and RI.
Draft Your Financial Game Plan With Us Please see important information following this video.
Hi, I am Cris Collinsworth and I am here to remind you of three strong points to keep in mind when you are drafting your financial game plan.
First, financial strength is a key player. The strength of Western and Sothern Financial Group speaks for itself. Western and Southern has a heritage dating back to 1888, an impressive capital position, and stability demonstrated throughout challenging economic times.
Second, is industry ratings. The insurance companies that I am talking about are proud of their industry ratings, such as an A+ from A.M. Best and a remarkable 96 out of 100 Comdex ranking.
Third, and just as important, is consistency. Consistency that comes from steady deep-seeded conviction in our products and services.
You just can’t beat this combination.
Western & Southern Financial Group
Products issued by member companies of Western & Southern Financial Group, Inc., Cincinnati, Ohio.
A.M. Best rating of A+ Superior for Superior ability to meet ongoing insurance obligations (second highest of 16 ratings; rating held since June 2009).
Comdex ranking of 96 out of 100. The Comdex Ranking is a composite of the financial strength ratings as determined by Standard & Poor’s, Moody’s, A.M. Best, and Fitch ratings. It ranks insurers on a scale of 1 to 100 (where 1 is the lowest) in an effort to reduce confusion over ratings because each rating agency uses a different scale.
Ratings are subject to change from time to time. The ratings shown here are correct as of 01/31/2017.
Major rating agencies issue public ratings on the member insurance companies affiliated with Western & Southern. Financial strength ratings apply to the individual member insurance companies affiliated with Western & Southern.
Life insurance and annuity products are not bank products, are not a deposit, are not insured by the FDIC or any other federal entity, have no bank guarantee and may lose value.
Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except AK, CT, ME, MA, NH, NY and VT. Single Premium Whole Life Policy contract series 0701-3030 WSA issued by Western-Southern Life Assurance Company. These policies and benefits may not be available in all states, and benefits may vary by state.
Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by Western-Southern Life Assurance Company. Guarantees are based on the claims-paying ability of Western-Southern Life Assurance Company. Products are backed by the full financial strength of Western-Southern Life Assurance Company.
Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for product details and limitations.
Western-Southern Life Assurance Company does not provide tax or legal advice. Please contact your tax or legal advisor regarding your situation. The information provided is for educational purposes only.
Policy Benefits in some cases are mutually exclusive. Loans, withdrawals, and advances will reduce the Death Benefit and Cash Surrender Value and may cause the policy to lapse. The lapse or surrender of a policy with an outstanding loan may result in taxable income.
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