By Leap Systems
As the holiday season approaches, it’s an ideal time to reflect on the financial strategies that help clients maintain security and peace of mind. Here are three key financial facts to discuss with your clients, emphasizing gratitude for the tools available to protect their families and futures.
The Gift of Financial Protection: A crucial safeguard for clients is income protection in the event of illness or injury. Around 25% of Americans will experience a disability lasting at least 90 days during their working careers (Social Security Administration). Disability insurance offers clients the confidence that essential expenses—like mortgage payments and everyday costs—will be covered if they can’t work, providing a foundation of financial security.
Life Insurance Providing Peace of Mind: Life insurance remains a cornerstone of any comprehensive financial plan, yet many clients are underinsured. With 41% of Americans lacking life insurance, and those who have it facing an average gap of $200,000 between what they have and what they need, now is a great time to review coverage (LIMRA). Ensuring that clients have adequate life insurance will help protect their families from financial vulnerability.
Tax Benefits for Charitable Giving: Clients looking to give back this holiday season should also consider the tax benefits of charitable donations. In 2024, taxpayers can deduct up to 60% of their adjusted gross income for cash donations to qualified charities (Investopedia). Encourage clients to make the most of this opportunity by supporting causes they care about while reducing their taxable income. Direct them to trusted platforms like Charity Navigator to ensure their contributions are making a meaningful impact.
This Thanksgiving, help your clients reflect on these financial blessings that offer protection and peace of mind. These insights can serve as a great conversation starter to review their financial plans and ensure they’re on track for the future. Happy Thanksgiving!
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