Frequently Asked Questions
Are Annuities Safe?
Absolutely! They are all guaranteed either through the State Guarantee fund or through the Insurance Company itself.
Do they offer liquidity?
Most offer a 10% free withdrawal after the first year.
What happens if I pass away, does my spouse have to wait for the money?
The majority of annuities are paid out upon death. Some companies allow for the spouse to continue on with the annuity, and still others require a rider to make sure there is a paid upon death option.
Retirement and Annuities are they a good idea?
I differ a great deal from other agents in that I’ll only recommend a Fixed Indexed Annuity in certain situations. They do provide Safety which in these uncertain times is a necessity to have in your portfolio. They additionally provide a guaranteed Life-Time Stream of Income. And they offer Liquidity.
Are there any affordable Long Term Care Options?
Modern Life Insurance Policies can now allow you to have access to large amounts of money that can be used for Long Term Care. Many policies have built in riders at No additional cost that will allow you to utilize a portion of the Death Benefit for Long Term Care.
Can I convert a portion of my Retirement into Tax Free Dollars?
Yes! But let’s do one better. How about we create a strategy where we start a stream of income with a portion of your Retirement funds and upon your passing the original amount that went into creating the fund gets returned to your loved ones TAX FREE?
When do I start saving for my Retirement?
You start with the very first check you ever receive. If you’re 18 that’s when you start. If your 21 when you get your first job that’s when you start. There are no shortcuts in saving for your retirement and the sooner you begin the habit of paying yourself first the more successful you’ll be.
My employer has a 401K account for me is that all I need?
Absolutely not! You’ll match whatever your employer contributes but you’ll set up a separate account of your own. The deposit will be the same every two weeks and will increase with you raises. Remember you are your most valuable asset. Pay yourself first!
Absolutely! They are all guaranteed either through the State Guarantee fund or through the Insurance Company itself.
Do they offer liquidity?
Most offer a 10% free withdrawal after the first year.
What happens if I pass away, does my spouse have to wait for the money?
The majority of annuities are paid out upon death. Some companies allow for the spouse to continue on with the annuity, and still others require a rider to make sure there is a paid upon death option.
Retirement and Annuities are they a good idea?
I differ a great deal from other agents in that I’ll only recommend a Fixed Indexed Annuity in certain situations. They do provide Safety which in these uncertain times is a necessity to have in your portfolio. They additionally provide a guaranteed Life-Time Stream of Income. And they offer Liquidity.
Are there any affordable Long Term Care Options?
Modern Life Insurance Policies can now allow you to have access to large amounts of money that can be used for Long Term Care. Many policies have built in riders at No additional cost that will allow you to utilize a portion of the Death Benefit for Long Term Care.
Can I convert a portion of my Retirement into Tax Free Dollars?
Yes! But let’s do one better. How about we create a strategy where we start a stream of income with a portion of your Retirement funds and upon your passing the original amount that went into creating the fund gets returned to your loved ones TAX FREE?
When do I start saving for my Retirement?
You start with the very first check you ever receive. If you’re 18 that’s when you start. If your 21 when you get your first job that’s when you start. There are no shortcuts in saving for your retirement and the sooner you begin the habit of paying yourself first the more successful you’ll be.
My employer has a 401K account for me is that all I need?
Absolutely not! You’ll match whatever your employer contributes but you’ll set up a separate account of your own. The deposit will be the same every two weeks and will increase with you raises. Remember you are your most valuable asset. Pay yourself first!
Our Strategies are built around protection. We’ll create a lasting Retirement strategy while being mindful of Taxes as well as Living Benefits. And we’ll Educate our clients on the What If’s that you may not have considered such as; is there enough money for my spouse in the event of my untimely death? Or is there enough money left after a prolonged illness? Will the potential increase in taxes negatively affect my Retirement and how can I protect against this? These are a few of the questions that we’ll bring up and answer when putting together your comprehensive plan.
