Life Insurance
Life insurance is more than just protection for when you’re gone; it’s a powerful way to support your family’s lifestyle and safeguard their future. It can cover final expenses, help build generational wealth, and even be used during your lifetime as a tool to create your own “bank,” giving you access to funds when you need them.
Term life insurance is the most common and affordable type of coverage. It protects you for a set period; usually 5 to 30 years, similar to renting a home. You pay premiums during that time, and if you pass away while the policy is active, your loved ones receive a death benefit to help cover expenses, pay off debts, or replace lost income.
Permanent life insurance is like owning a home it’s designed to last a lifetime while building value along the way. It provides lifelong protection plus the ability to grow cash value, much like building equity in a house. Within permanent life insurance, you’ll generally choose between two main options: whole life and universal life.
Whole life insurance offers guaranteed premiums, a guaranteed death benefit, and steady cash value growth. Your policy earns a set interest rate and may also receive dividends, which can further build your cash value over time.
Universal life insurance offers lifetime protection with flexibility. You can adjust your premium payments within limits, building cash value while adapting to life’s changing needs.
Many people are surprised to learn that life insurance isn’t only about what happens after you pass; it can also be a living benefit that supports your goals along the way. If you’d like to explore which type of coverage best fits your needs, start here to see which life insurance option you qualify for.
Annuities
An annuity is a financial agreement between you and an insurance company that can provide income right away or allow your money to grow until you’re ready to use it later. Its purpose is simple: to turn your investment into a reliable stream of income that lasts a lifetime.
An index annuity is built to give you the opportunity for growth, without the direct risks of the stock market. Your account value is protected from market downturns, so you can feel more secure about your future. Plus, your earnings grow tax-deferred, meaning you won’t pay taxes until you make withdrawals. This tax advantage allows your money to compound more effectively, since earnings that would normally go to taxes stay in your annuity and continue working for you.
An annuity can help you grow your savings, safeguard what you’ve built, and provide a steady income that lasts for life.
If you’re already maximizing contributions to retirement plans like a 403(b)or 401(k), an annuity can be a powerful next step. It offers tax-deferred growth and can provide steady income both before and during retirement.
Annuities can help you meet a variety of needs:
Extra income needs – bridging the gap between early retirement and the start of Social Security benefits or simply adding more income during your most active retirement years.
Retirement needs – covering essential expenses not fully met by Social Security, pensions, or personal savings.
Non-retirement needs – offering dependable, regular income for life’s other goals, such as supporting a college student’s living expenses.
Privacy: At LEGACY BY DESIGN LIFE, LLC, we are strongly committed to protecting your privacy and providing a safe and high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies regarding the collection, use and disclosure of information we receive from users of our website. Our privacy policy, along with our Terms & Conditions, governs your use of this site. By using this page you’re currently on, by accepting the Terms of Use (via opt-in, checkbox, or clicking the email link), you agree to be bound by our Terms & Conditions and our Privacy Policy.
© 2025 Legacy By Design Life
