What are your hopes for financially impacting your family now and after your life?
Insurance is essential to any comprehensive financial security plan. Some life insurance policies also provide tax-advantaged savings.
Our clients are our number one priority, and our services prove just how committed we are to their success. Book an introductory meeting today to learn more about how we can make your business thrive.
Life Insurance To Hedge Against Risk
Facing risk is a part of life – even if it's just driving to work every day. We face risks to our life, health, property, and more. Although we can't eliminate these risks, we can take steps to protect ourselves against them. Life insurance is one way to protect the ones you love from financial harm if anything should happen to you. It provides peace of mind for you and your loved ones. Life insurance protects your family by providing tax-free proceeds that can be used to replace your lost income if you pass away prematurely.
If tragic events like death, disability or critical illness strike, insurance can protect you and your family from undue hardship. Some life insurance policies also provide tax-advantaged savings that you can draw on to achieve goals like buying a house or retiring comfortably.
We have access to a variety of insurance products that can help meet your financial security planning needs. No matter your personal situation—if you’re single or in a family; a professional or a seasonal employee; an executive or small business owner—we will work together to design a customized plan.
Would It Be A Great Benefit To Never Lose Money Ever Again?
Indexed Universal Life Insurance is unique because it does not require the insured to die in order to receive benefits.
With the Secure Act all but eliminating the Stretch IRA, permanent life insurance has never been a more relevant and viable financial vehicle. If you own an IRA or 401(k), you absolutely need to look at the importance of having a permanent life insurance policy.
The two most primary concerns in retirement planning today for most individuals are stock market volatility and taxation—and IUL can help assist you in overcoming both.
Stock market downturns in recent years have sparked real concern about the negative impact future volatility could have on retirement assets.
Additionally, all indicators point towards future tax increases, meaning the fully taxed IRA and 401(k)s may not get the job done when it comes to helping secure a retirement income that will last as long as retirees live.
For this reason, the opportunity to set up a “TAX FREE” income source to supplement income in retirement is looking more and more attractive to individuals attempting to save for retirement.
The IUL (Indexed Universal Life) For Generational Wealth Building
Have you ever lost money in the Stock Market?
Last year we had a pretty good year in the Stock Market.
Hopefully it will keep going up.
But what happens if it goes down?
How much more of your money are you willing to lose?
How would that affect your income?
How much would it affect your income if the market dips for another couple of years?
Index Universal Life Insurance can be a safe and powerful financial tool to change a family's financial legacy when utilized properly.
Create a tax-free retirement plan for as little as $100/month.
Let's make believe for a moment that David is contributing $50,000 a year for the next five years to his pretend 401(k) plan. In his 40% marginal tax bracket, it costs him $30,000 each year after deducting his income tax savings
($50,000 - $20,000 ).
We will compare the results to an Indexed Universal Life (IUL) policy with scheduled premiums of $30,000 a year for five years, the same dollars as the after cost of his pretend 401(k) plan. We will illustrate both plans at 7.50%.
At age 65, we show David making tax free loans on the life insurance policy using an indexed schedule of participating loans starting at $33,000 and ending with $65,542 at age 99 .
We have illustrated withdrawls on the pretend 401(k) plan that, after tax ,match the same cash flow as the IUL.
Unlike the pretend 401(k) plan below, the IUL has 4 additional advantages
It provides a $700,00 life insurance death benefit;
If the selected market index drops, there is no loss to the policy owner;
There are no required minimum distributions;
There is no 10% penalty tax associated for distributions prior to age 59 1/2
*Note: If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.
If you could lock in your returns and position your money so you could not lose any more money..... but you could reap the potential upside of the stock market..... Would it be worth 40 minutes to sit down and talk about it?
In the event of death, life insurance offers surviving family members and business owners increased financial security. As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income for the deceased’s dependents.
The advantages of life insurance include:
An instant estate for your loved ones at a time when funds are most needed
Death benefits that are almost always non-taxable for named beneficiaries
Avoid probate costs if you name a beneficiary other than your estate
Potentially offer your loved ones creditor protection through some life insurance plans
Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans
Provide coverage for key employees
Cover Buy/Sell Agreements for business owners
We can help you select coverage from a variety of life insurance options to meet the needs identified in your financial security plan. Life insurance can play a vital role in your financial security plan - contact us today to find out how.
Start Saving Today
Request a Free No Obligation IUL Quote / Long-Term Care Quote
We will look into every avenue possible to get you the best offer available. Let's get started with just some basic information.
Layering Coverage - Plan For All Stages of Life
Each client has their own insurance needs, depending on age, health, and family requirements.
Planning for each stage of life is important. Clients may need coverage for a set period of time, such as the length of a mortgage, as well as something more permanent, like end-of-life expenses. While many options may be available to healthier clients, there are still options for those who are less healthy.
Whatever your circumstances, it’s important that your protection needs are met, and within your budget. Remember, something is better than nothing. Not only is layering protection smart, it usually provides more coverage per dollar.
Unlike a long-term care policy, life insurance living benefits are not a “use it or lose it” feature. In the event of a qualifying condition, you have the power to choose how the funds are used.
* 52%of Americans reaching 65 will need some type of long-term care services in their lifetimes.
* $102Kis the annual cost for a private room at a nursing home facility.
* 75%do not know that permanent life insurance can be used to cover long-term care costs.
Long-Term Care, Disability And Critical Illness Insurance
Help protect one of your most valuable assets – your income – from unexpected events through long-term care, disability and critical illness insurance.
Long-Term Care And Disability Insurance
Income is important for both current financial obligations (e.g. grocery bills and mortgage payments) and for future financial security (e.g. planning for your children’s education or for retirement). Just think what might happen if you suddenly lost your income stream through a long-term illness or disability.
Long-term care and disability insurance products help protect your ability to earn an income, which can be affected if you are afflicted by a disability or other condition.
We can help you choose the long-term care and disability insurance products that provide advantages like:
Helping maintain your financial independence, lifestyle and long-term financial security plan in the event your income is impacted by disability
Assist with paying fixed expenses for your business if you become disabled
Support the buy-out of a disabled partner’s share of a business
Let us help you tailor your financial security plan so it protects your income through long-term care and disability insurance. Contact us today to find out how.
Critical Illness Insurance
Suffering a critical illness is distressing for both you and your family. Help ease the burden through insurance that will reduce financial stresses and can complement disability and life insurance protection needs. By helping pay for the additional expenses often associated with a critical illness or condition, insurance offers you, your family, and if applicable, your business, added financial security—so you can focus on recovery.
The advantages of critical illness insurance can include:
Coverage for up to 22 critical illnesses or conditions
Home-care costs during illness and recovery periods
Even if you’re not disabled from working, you may receive payment
The ability to provide a return of premium benefit (optional)
Individuals who cannot obtain disability insurance in some cases still qualify for critical illness coverage (e.g. a non-income earning spouse)