06 Aug 2019
As parents, we all dream about leaving a legacy for our children. Whether that’s in the form of passing on the family home, or another valuable asset, we typically want them to get a head start in life.
Some people take a different approach to leaving a legacy though.
While life insurance is a vital part of a robust financial plan, some women hold onto it much longer than is necessary. Their children may have left home (no longer financially dependent). Yet they hold onto their life insurance so they can leave the proceeds to their children. However, this may not necessarily be the most effective approach.