Designed to protect more than your income

Life Insurance Expertise at Legacy

Life insurance isn’t just for the unexpected. It’s a tool for income replacement, generational planning, business continuity, and long-term care. At Legacy Insurance Services, we help you navigate the complex options with clarity, so your policy fits both your present needs and future goals.

Tailored to your vision, your family, and your legacy.

Core Life Insurance Policy Types

Term Life Insurance

Provides coverage for a specific period (10, 20, or 30 years). Often the most affordable option, ideal for income replacement, debt protection, and family coverage during working years.

  • No cash value

  • Convertible to permanent in many cases

  • Premiums are fixed during the term

Whole Life Insurance

A permanent policy with level premiums, guaranteed death benefit, and a growing cash value component.

  • Fixed rate of return

  • Eligible for dividends (mutual carriers)

  • Can be used for borrowing or as an asset in estate planning

Indexed Universal Life (IUL)

Permanent insurance with flexible premiums and a cash value tied to an equity index (like the S&P 500), offering growth potential with downside protection.

  • Adjustable death benefit

  • Potential for tax-advantaged income in retirement

  • Used in legacy planning, tax strategies, or asset diversification

Variable Universal Life (VUL)

Also permanent, but cash value is invested in sub-accounts like mutual funds. Offers more growth potential—and risk.

  • Requires active monitoring

  • Suitable for high-income earners or sophisticated investors

Guaranteed Universal Life (GUL)

A hybrid of term and permanent insurance. Keeps cost lower than whole life but maintains coverage for life, often with little or no cash value.

  • Affordable lifelong coverage

  • Ideal for estate protection or final expense planning

Advanced Features & Riders

Chronic Illness Riders / Living Benefits

Allow early access to the death benefit if diagnosed with a qualifying chronic or terminal illness. Helps cover long-term care costs or medical expenses without canceling the policy.

Second-to-Die Policies (Survivorship Life)

Covers two lives (often spouses) and pays the benefit after both have passed. Ideal for estate tax mitigation, trust funding, or legacy wealth transfer.

Accelerated Death Benefit Riders

Pay out a portion of the death benefit early if diagnosed with a terminal illness—often built into modern policies at no additional cost.

Waiver of Premium, Children’s Term Riders, Return of Premium Riders

We help you determine which riders are useful and cost-effective, and which may not serve your goals.

Key Uses of Life Insurance

Income Replacement

Protect your loved ones from financial strain in the event of your passing—ensuring they can maintain their lifestyle and meet future goals.

Wealth Transfer & Estate Planning

Life insurance can fund inheritances, balance estates among heirs, and provide liquidity to pay estate taxes or debts.

Key Person Insurance

Protects businesses from the financial impact of losing a key employee or executive whose absence would disrupt operations.

Buy-Sell Agreement Funding

Ensures a smooth ownership transition in the event of a partner’s death. Life insurance provides the liquidity to buy out the deceased partner’s share.

Trust Funding

Used in Irrevocable Life Insurance Trusts (ILITs) or other structures to pass wealth outside of taxable estates or provide assets for special needs dependents.

How Legacy Supports Your Planning

Legacy differentiates itself by offering an intentional, guided partnership that puts your needs first:

  • Discovery of Needs & Goals
    We begin by learning what you want your policy to do—protect income, grow wealth, fund a business plan, or transfer an estate.

  • Carrier & Product Matching
    As an independent agency, we evaluate multiple products across carriers to find the right structure—not just the cheapest premium.

  • Custom Design & Strategy
    From premium funding schedules to indexing strategies, we tailor the design based on your financial picture, goals, and time horizon.

  • Policy Review & Optimization
    Already have a policy? We’ll analyze its performance, check suitability, and offer options for refinancing, exchanging, or replacing if needed.

What Working with Legacy Looks Like

  • Needs-based consultation

    We help clarify what role life insurance plays in your larger financial picture.

  • Holistic plan design

    Whether you need income replacement or estate tax planning—we structure accordingly.

  • Access to multiple carriers

    You’re not locked into one option. We compare for value, strength, and suitability.

  • Long-term policy service

    We don’t disappear after issue. We review annually and adjust if your life changes.

The Legacy Promise

More than a policy. It's a partnership.

At Legacy Insurance Services, we don’t offer one-size-fits-all solutions. We make a promise—to every client, every time—to walk alongside you with clarity, intention, and genuine care. Because we’re not just protecting your assets. We’re helping you protect your legacy.