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Protect Your Future with Insurance Strategies
Life Insurance Strategies To Leave Your Legacy
Who do we work with? We are pleased to work with anyone at any stage of life wanting to explore insurance strategies. Most of our clients tend to fall into the following categories: Mid-career, high-level professionals, Retirees and people nearing retirement, Business owners and entrepreneurs.
Life Insurance
Life insurance is a way for someone to leave financial resources to their spouse, children, loved ones or a favorite charity in the event of an untimely passing. Funds can be used to help cover funeral expenses, pay off a mortgage, fund an education, make work optional for a surviving spouse or provide tax-efficient income during retirement. There are many types of policies available to meet a variety of needs and budgets. We can help find a suitable policy for you while time is on your side.
Advanced Life Insurance Strategies
Advanced Life Insurance Strategies utilizes a strategy called Premium Finance Life Insurance. This strategy is designed to offer potentially higher payout amounts and is funded by taking out a loan to make the premiums. The payout amount is typically large enough to pay off the loan and provide funds to the beneficiary. These strategies can be designed to provide tax-efficient retirement distributions as well as funds to meet estate settlement costs.
Retirement Income Planning
Most of us work our entire lives and have saved along the way. As you near retirement age, you may be looking forward to a date on the calendar but wonder if you have enough saved to retire and stay retired. We can work with clients to assess their situation and explore options—like annuities and life insurance—that can offer a tax-efficient retirement income stream.
Extended Care Strategies
Rising care costs and longevity are two financial risks that people face as they get older and live longer. While we all hope to live independent and healthy lives until then end, that is not reality for everyone. It can be prudent to make a contingency plan in the event of a long-term illness or disability by purchasing a long-term care insurance policy. We can help identify the options and find the best policy to meet your needs.
Family Legacy Planning
Family Legacy Planning can be accomplished with life insurance and annuity products designed to leave financial assets to your loved ones. This is desirable to many families as they want their children and grandchildren to have a financial advantage in place. We can also work with your attorney or make a referral to address the need for wills, trusts and other legal documents to support your legacy wishes.
Business Strategies
Many business owners are focused on day-to-day operations and never have time to address long-term planning activities. We help business professionals think through the “what ifs” of their business and put insurance in place to cover succession planning and key personnel. This step can help improve the odds of business continuation in the event of death, illness, personnel change or a business transfer. Life insurance can also provide business owners with tax-efficient income streams that can often be a cost-effective alternative to expensive employee retirement plans that often minimize the benefits for the owner.
5 Simple Steps to a Successful Retirement: Make Your Retirement a Blockbuster
Do you have doubts about your ability to reach your retirement goals? Are you less than confident about certain aspects of your retirement strategy? Here’s the good news…there’s always time to adjust your plan and get back on track. You can take your retirement strategy from flop to blockbuster with these simple strategies.