November 2024 – Fraternal Benefits Message

Life insurance plays a crucial role in estate planning, offering financial security and

liquidity to beneficiaries. Here’s why it’s an essential component of your estate strategy:

Financial Security: Life insurance provides a tax-free lump sum payment to beneficiaries

upon the policyholder's death, ensuring they have financial support during a difficult

time.

Liquidity: In the absence of liquid assets, such as cash, life insurance can cover

immediate expenses like funeral costs, outstanding debts, or estate taxes without

requiring the sale of other assets.

Estate Taxes: Life insurance proceeds can help offset estate taxes, ensuring your heirs

receive more of your estate's value.

It's particularly beneficial for those with large estates subject to estate tax.

Equalizing Inheritances: Life insurance can help equalize inheritances among heirs,

especially if certain assets are difficult to divide or pass outside of probate.

Business Continuity: Life insurance can fund buy-sell agreements for business owners,

ensuring a smooth ownership transition and financial stability for the company.

By incorporating life insurance into your estate plan, you can provide your loved ones

with the financial resources they need and protect your legacy for future generations.

The Knights of Columbus specializes in financial education and helping you protect

what you have for the people you love the most. The tradition of protection for Catholic

Families has helped our members and their loved ones be saved from financial ruin and

hardship while maintaining our ethical standards. Give me a call and let me know how I

can help you best.

Ryan Janak – Field Agent

832-693-3160

Ryan.Janak@kofc.org