Insurance Tips

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Tax-Free Techniques for Leaving Living Inheritances to Your Children

Many of us will live into our 80s and 90s as a result of rising life expectancies.

Your children will most likely inherit money in their 60s or 70s.

Consider tax-advantaged strategies for passing assets on while you’re still alive.

Each year, give your children “gift” dollars. Gifting your children’s inheritance tax-free now can allow you to all enjoy this special time together.

By giving them money now, you’ll reduce your overall assets that taxes may be required to pay when you die.

When you die, your heirs will pay fewer taxes and keep more of your assets.

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Risk management diagram

Using Insurance In Personal Risk Management Strategies

Any insurance policy you already own is a kind of risk management.

The potential cost of any significant loss is transferred to an insurance company when you purchase a policy.

Life insurance protects against the loss of income in the event of a family member’s death. So take steps to ensure that you and your family are protected against any and all serious financial risks.

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Buying something special.

Top Seven Insurance Buying Mistakes To Avoid

Insurance is an essential component of any financial strategy.

Most people drastically underestimate the amount of insurance coverage they actually need.

Don’t make the mistake of leaving out your most expensive items by accident.
Purchasing too much insurance will result higher costs to you.

Insurance coverage can eat up a significant portion of your monthly income, but it is money that is well spent.

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