Contact Us: Direct (561) 305 1384

Legacy Insurance Innovations Group, LLC

2385 NW Executive Center Drive Suite 100 Boca Raton, FL 33431

Frequently Asked Questions

What can I expect during my free consultation?

During a free insurance consultation, you can expect to receive information and advice about strategies that match your needs, explanation of coverage options, premium quotes, and answers to your insurance-related questions. You should not expect to be under any obligation to purchase a policy.

When should I begin my Debt Free Life journey?

Adopting a debt-free life should ideally begin as soon as possible, regardless of one's age or financial situation. Living within your means and avoiding unnecessary debt can lead to a less stressful and more financially secure life. However, embracing a debt-free lifestyle does not necessarily mean avoiding all debt. Sometimes, taking on debt is necessary, such as when buying a house or investing in education, but it is crucial to manage it wisely.

Is life insurance a good way to leave money to my Family?

Yes, life insurance can indeed be an efficient vehicle to transfer wealth to heirs. Life insurance proceeds are generally not subject to income tax, and when structured correctly, can also avoid estate tax, thereby maximizing the amount received by beneficiaries. The death benefit can provide liquidity to settle estate debts or equalize inheritance among heirs, while also bypassing probate. However, the appropriateness of life insurance as an estate planning tool depends on individual financial circumstances, needs, goals, and potential tax implications, and should be considered within the broader context of an overall estate and financial plan. Consult with a professional to determine if it aligns with your objectives

How much does Debt Free Life cost?

There isn't a universal cost for a debt-free life, as expenses vary widely based on individual lifestyles, needs, and income. To live debt-free typically involves living within one's means, saving money, and avoiding unnecessary debt. This cost will be different for everyone based on their personal circumstances, values, and goals.

Is Debt Free Life a debt consolidation plan?

No, a debt consolidation plan does not guarantee a debt-free life; it simply reorganizes multiple debts into one payment, which can be helpful for management and may reduce interest rates or monthly payments. A true debt-free life typically requires a combination of income generation, budgeting, saving, and responsible spending.

How much Life insurance should I own?

There isn't a one-size-fits-all answer, as there are several strategies used that will determine the amount. However, in general, to determine how much life insurance you should own, assess your family's financial needs considering your annual income, debts, and future expenses, such as your children’s education and spouse’s retirement. Typically, a coverage amounting to 7-10 times your annual income is recommended. Subtract your existing assets, like savings and investments, from your total calculated need. Also, account for end-of-life expenses and inflation. Opt for a policy type that suits your needs. IUL, Whole Life, Term etc. Consult a professional for personalized advice. Periodically review and adjust your policy based on changes in life circumstances and financial goals.

Are all annuities the same?

No, all annuities are not the same. They can vary in terms of type (e.g., fixed, variable, indexed), payment timing (immediate vs. deferred), duration (life, term-certain), and other features. CLICK HERE to learn more.

Legacy Insurance Innovations Group.
Elevate Your Business, Family and Future.

At Legacy Insurance Innovations Group, we are more than a financial services firm; we are your dedicated partner in the journey toward financial empowerment and security. Our commitment is to provide not only personal service but also deep, current financial knowledge, acting as your navigator on the course to achieving your goals. Whether you are embarking on your financial journey or fine-tuning your strategy in retirement, we are here to support you every step of the way.

Our Vision:

We stand at the crossroads of financial security and an active, empowered lifestyle. At Peak Legacy Innovations, we believe that achieving peak financial condition, much like peak physical fitness, requires discipline, focus, and innovative strategies. Inspired by the principles of athletic excellence, we help our clients cultivate financial resilience and strength through personalized insurance solutions and strategic financial planning.

Our Core Values:

Discipline: We advocate for disciplined, consistent financial planning and insurance strategies, mirroring the rigorous training schedules of top athletes.

Performance: We are committed to delivering top-tier results in all our offerings, ensuring that our clients' financial strategies are robust and resilient.

Innovation: By harnessing the latest in athletic training techniques and financial technologies, we bring cutting-edge strategies to our services, setting new standards in the financial planning and insurance industries.

Endurance: We equip our clients for the long haul, helping them build enduring legacies and navigate life’s financial challenges with confidence. Personalized

Coaching: Recognizing that each client has unique financial needs and goals, we offer tailored advice and strategies, much like a coach adjusts training to fit an athlete’s specific strengths and weaknesses.