Frank Financial Concepts, Inc
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Address:

8055 O Street, Ste #110
Lincoln, NE 68510

Phone:

402-423-7505

Insurance/Asset Protection

While nobody likes to dwell on it, unfortunate and unexpected incidents can – and often do – occur. And when that happens, it is always better to be prepared ahead of time.

Asset protection involves a set of techniques that are designed for protecting the assets of individuals and businesses from loss. These can include – but are by far not limited only to – civil litigation, legal issues involving taxation, ill-conceived investments, probate, and a whole host of other items.

Certainly, one of the biggest threats to your financial plan, as well as those you care about, is death. Upon an individual’s passing, there is a long list of financial issues that may be faced by those who are left behind.

Without the income-tax free death benefit protection that is provided by life insurance, though, survivors could be left responsible for any number of financial responsibilities, such as:

  • Mortgage balance
  • Funeral and other final expenses
  • Personal loans
  • Credit card balance(s)
  • College tuition
  • Business debt
  • Everyday living expenses

Many of today’s life insurance policies go beyond just offering death benefit protection. In fact, plans are now available that offer “living benefits,” which can be accessed under certain conditions while the insured is alive.

In addition, many permanent cash value life insurance policies may also be structured so that the policy holder may access funds for supplementing retirement income needs.

Want to learn more about how you can protect those you love and care about, while at the same time taking advantage of a secure, tax-advantaged financial vehicle?

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck