Why a life insurance agent is a key member of your estate planning team


If you’re like some people, you may have a sense that life insurance is a good thing, but you’re not certain why.

When was the last time you met with your team of professionals for help with a key financial decision? If you’re like most people, the answer is, “What team of professionals?”

You may be used to doing just about everything yourself, or trying to become an instant expert by reading the latest article on the hottest subject. Still, when it comes to your financial affairs, it may be more efficient and effective to work with a team of experienced professionals. Chances are that they can better guide you in the management of personal finances than you can by yourself. There’s a wealth of business, financial, tax, insurance and estate planning experience readily available. Tapping into these resources is a matter of knowing who to look for and how to get started.


Most people think a life insurance agent’s job is simply to sell insurance and financial products, but the job is much bigger — and much more important — than that. Here are four key reasons why a life insurance agent should be a member of your estate planning team:

• Help you to coordinate business and personal affairs — Your personal and business matters may be closely intertwined and, if that’s the case, they should be addressed simultaneously. Needs may include family decisions in business succession planning, estate planning and conservation, and retirement funding. Your insurance agent can help you decide on a program tailored to meet your financial goals.

• Conduct a “fact finder” — In the privacy of your home or office, a life insurance agent can help you see where you are financially at this point in your life, and where you’d like to be in the future.

• Discuss financial products — Life insurance is not a one-size fits-all product. A life insurance agent can explain the various types of life insurance and other financial products, and how they can be tailored to meet your specific needs. Of course, the final decision will be up to you.

• Serve as the “quarterback” of your insurance team — Life insurance agents are trained to see the big picture and will be glad to cooperate with your other advisors in the creation of a professional team whose objective is to work in your best interests.


At New York Life, we believe in and practice the team concept of estate planning. Our agents will help you evaluate your needs and provide solutions in concert with other team members. Contact a life insurance agent today.

For more information, call 305-613- 1768, or send via email to Lsklawer@ft.newyorklife.com or go online at www.lennysklawer.com

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