Estate Planning

If you want to ensure that the assets you've worked so hard to accumulate are passed on to those you love, you'll need to plan ahead.

The purpose of estate planning is to make sure loved ones receive their assets at the time and in the manner that you wish. Below are some points to consider in overall planning for the transfer of your estate:

  • Family members who have special needs
  • Protection from creditors
  • Efficient asset distribution to family members
  • Family business succession
  • Charitable giving

There are a number of products and strategies that can help to preserve your assets. Proper estate planning can effectively match the right strategies to your individual goals. And as you move through various stages of life, you'll need to occasionally reassess your estate plans to ensure that they continue to meet your objectives.

Options to Consider

Term Life Insurance
For younger individuals and families, term life insurance is especially useful to support loved ones and help with financial obligations if you die prematurely. If you have young children, this is the time when life insurance is most important. It is appropriate to consider coverage for both parents during these years. This is when many families purchase term life insurance to provide protection until the children are grown. Learn more.

Universal Life Insurance
A universal life insurance policy can offer you the protection you're looking for in a permanent life insurance policy and the flexibility you need to adapt to a lifetime of changes.1 Learn more.

1 Fluctuations in interest rates and/or policy charges may require the payment of additional premiums to keep the policy in force.

Transamerica Life (Bermuda) Ltd., Transamerica Life Insurance Company, and their authorized representatives do not give tax or legal advice. The material provided is for informational purposes only and should not be construed as tax or legal advice. Clients and other interested parties must rely solely upon their own tax and/or legal advisor regarding their particular situation.