Establishing your Legacy Bank is a strategic and visionary financial decision. Legacy Banking, a concept centered around utilizing purposefully crafted cash value insurance policies, allows for the creation of a personalized banking system. By implementing these policies for each family member, you effectively fund your own "family bank." This unique financial institution serves as a financing source for diverse needs, including investments, significant expenses, and even long-term legacy planning. As you contribute to these policies, they accrue cash value, which can be accessed through tax-free loans. This innovative system empowers you to retain control over your finances, amass wealth, and build a legacy that can positively impact your family for generations to come.

THINGS WE WILL NEED:

Personal Information: 
- Full name, date of birth, and contact details for each family member

Health and Lifestyle Information: 
- Health history, including pre-existing medical conditions and current medications.
- Lifestyle information, such as tobacco use and participation in risky activities.
 

Financial Information: 
- Annual income and expenses for each family member.
- Existing life insurance policies, if any.

Coverage Amount: 
- Determine the amount of coverage you want for each family member. This should take into account their financial needs and long-term goals. (Comfortable Monthly Amount)

Medical Exam: 
- Depending on the insurance company and the type of policy, you may need to undergo a medical examination or provide recent medical records.

Premium Payment Method: 
- Determine the payment frequency (monthly, quarterly, annually) and payment method for the premiums.
 

Riders and Additional Options: 
- Consider any additional riders or options that can be added to customize the policy, such as riders for accelerated benefits, disability income, or long-term care.
 

Financial Goals and Objectives: 
- Clearly define the financial goals and objectives for each policy, whether it's wealth accumulation, estate planning, or income replacement.

This will help you build a strong financial foundation and provide protection and benefits for the future.