In Phase I, a family’s level of confidence in their planning decisions is relatively low typically because they have purchased numerous products (life insurance, disability insurance, investments, mortgages, business interests, real estate, etc.) without a true understanding of how each of these product/assets work together, thus leaving them with a lower level of confidence in their ability to accomplish their planning goals regardless of the amount of assets they have accumulated. In this phase, families may have the best products but due to their lack of understanding of how each of these products truly work, they do not get to truly enjoy the peace of mind these products and assets should provide them and future generations.
Disclaimer: The foregoing information is not intended to be tax, legal, investment or property and casualty advice and is provided for general educational purposes only. Neither Wealth and Legacy Group, nor its subsidiaries, agents or employees provide tax, legal, investment or property and casualty advice. You should consult with your tax, legal, investment or property and casualty advisor regarding your individual situation.