"Please think about your legacy
because you are writing it every day."
We can prepare your Life Insurance needs including:
Term Life Insurance
Term Life Insurance provides low-cost peace of mind for a finite amount of time - usually 10, 15, 20, 25, or 30 years - with premiums guaranteed to stay level within the period
Universal Life Insurance
Universal life insurance (UL) adds a layer of security to policies with the ability to combine death protection with savings, and a layer of convenience with adjustable premiums and payment schedules. Premiums are paid to the insurance company.
The insurance company subtracts the cost of insurance and other expenses each month. It then credits interest in a cash accumulation account.
And UL policies are transparent. By reviewing the annual statement, policyholders can monitor the cash value growth in the policy and see the expenses and the interest crediting rate. As long as the cash surrender value is sufficient to pay the annual costs of insurance, policyholders can actually skip a premium, or reduce or increase the premium.
What's your biggest asset? Financially speaking, it’s your ability to earn an income. Why? Because that income pays for all the big things (insurance coverage, retirement fund, healthcare, mortgage, college) and all the little things (vacations, child’s ballet lessons, dog’s treats).
Most group DI plans are capped, not portable if you change jobs, and can be canceled by the insurance company or the employer at any time. So it’s worth taking a look at individual disability insurance as a supplement to fill any gaps.
No one likes to think about the possibility of becoming sick or injured. But it’s nice to know that the mortgage and the family will be taken care of if it happens. We’re here to help.
Long Term Care Insurance
It’s the type of care you may need if they have a prolonged physical illness, disability, or severe cognitive impairment (such as Alzheimer’s Disease) that keeps them from living independently.
These limitations may prevent you from carrying out basic self-care tasks, known as activities of daily living (ADLs): bathing, dressing, eating, continence, toileting, transferring.
A long term care insurance (LTCi) policy provides benefits if you are unable to perform two ADLs and/or have a cognitive impairment.
Annuities help people to save for retirement and provide income during retirement. There’s no anxiety about the stock market, no annual fees, and no ambiguity.
Earnings are stated up front and the value of the annuity at the end of the guarantee period is provided at time of purchase.
Business owners have so much on their minds; the last thing they want to worry about is insurance.
They have employees depending on them, family members, and sometimes entire industries.
They have long-term financial goals, plans to send their kids to college. But what if the business owner is no longer there to support them or their life plans take a detour?
The right insurance as part of business succession planning can help fill the financial gaps. We can help with:
Having a buy-sell agreement in place at the death of a business owner is critical to the continuation of the business. That’s a commonly accepted principle.
But did you know it’s also important to have a buy-sell agreement in place when other major life events change the relationship of one of the owners to the business? Think disability. Think retirement. Think conflict between owners. Think one owner’s desire to pursue another business opportunity.
A buy-sell agreement acts as a road map, allowing business owners to mitigate conflict and speed the transition.
Key Person Coverage
Many business owners already place a premium on key employees or principals – the individuals who are critical to the long-term objectives of the business: a partner, the operations manager, the client relationship manager, the creative financier. And many business owners have in place incentives to satisfy and retain those key employees.
But how long would it take most business owners to replace a key person? How much business would be lost during that transition? While nothing can replace a long-time valued partner or employee, in the event of an unexpected death, the business can use income tax-free life insurance proceeds to sustain the business until a replacement can be found, hired, relocated, and trained.
Cash values of key person policies grow tax-deferred and can be used by the business as a balance sheet asset.
A life settlement is the sale of a life insurance policy that is no longer needed or wanted by the owner. For more than the current cash value.
The policy owner gets a lump sum more than the current cash value for any immediate need. The buyer pays the remaining premiums and receives the death benefit upon the insured’s death. It’s a surprise source of cash that’s two-fold.
First, the policy owner gets to stop paying premiums. Secondly, they receive cash generated by selling the policy.
A life settlement can make it possible to take a dream vacation, eliminate debt, or pay end of life medical expenses.