Products

Guaranteed Annuities
Traditional
Total Return
Equity Indexed
Multi-Year Guaranteed
Combined
Life Insurance
Universal Life
Whole Life
Variable Life
Term Life
Mortgage Term Life
Health Insurance
Long-Term Care Insurance
Disablity Insurance
Trust Planning
Revocable Living Trusts
Irrevocable Life Insurance Trusts
Charitable Remainder Trusts
Estate Planning



Guaranteed Annuities

Guaranteed Annuities offer two important features of a sound retirement savings plan-relative security and predictability-with the ability of tax deferral. Your investment earns competitive tax-deferred interest guaranteed by the issuing insurance company. By annuitizing, you may enjoy a lifetime income. There may be a 10% tax penalty for withdrawals before age 59 ¹/₂. Penalties may apply for withdrawals during the surrender period.

Traditional

Conservative investors who are more interested in protecting the principal of their investment and receiving a competitive fixed rate of return may be more comfortable with the safety offered by a Traditional Fixed-Dollar Annuity. With a deferred fixed annuity, you lock in an interest rate for an initial period, normally one to three years. When the period ends, the insurance company designates a new rate of return for the succeeding period. Most deferred fixed annuities have a minimum guaranteed rate that will be paid regardless of economic conditions.

Total Return

If you are seeking reduced risk but still want the potential for high total return on your investment, you may want to consider a Total Return fixed annuity. These types of annuity products obtain a total return from a flexible combination of current income and capital appreciation, along with the preservation of capital over the long-term using a multi-asset approach. Total Return Annuities maintain a diversified portfolio that includes stocks, bonds and money market instruments. This approach can reduce the risk of loss due to the decline of one portion of the portfolio.

Equity Indexed

If you believe in the long-term growth of the stock market, but fear it’s short-term volatility, then an Equity Indexed Annuity may be right for you. Equity Index Annuities credit excess interest to your account based on the movements of an external equity index, such as the Standard and Poor’s 500 (S&P 500) index. Your principal is guaranteed by the issuing insurance company, while you may benefit from participating in the potential gains of the corresponding index. There may be a 10% tax penalty for withdrawals before age 59 ¹/₂. Penalties may apply for withdrawals during the surrender period

Multi-Year Guaranteed

A Multi-Year Guaranteed Annuity allows you to select from various guarantee periods. Each guarantee period carries a declared rate that is locked in throughout the selected period. The rate your premium will receive depends upon which guarantee period you choose.

Combined

If you are looking for the safety and security of a fixed annuity with the upside potential of a Total Return Strategy, then combining a Multi-Year Rate Guarantee Strategy and a Total Return Strategy may be the solution for you

Life Insurance

Life Insurance provides either a stated sum or a periodic income to your designated beneficiaries upon your death. Certain "life events" such as marriage, the birth of a child, or a change of jobs trigger the need to buy or add Life Insurance. Deciding that you need Life Insurance is the first step. The next step, deciding what kind of Life Insurance, is where we can help. We offer a variety of policies to fit a variety of needs.

Universal Life

Universal Life insurance is similar in design to Term Life insurance but has an additional feature that allows you to put extra funds into the policy over and above the life insurance cost. These excess funds are entered into an interest bearing account where they grow on a tax-advantaged basis. You may accumulate significant cash value over the years and, in some circumstances, "borrow" the appreciated funds without paying taxes on the borrowed gains. As long as the policy stays in force the borrowed funds do not need to be repaid, but interest may be charged to your cash value account

Whole Life

A traditional Whole Life insurance policy provides both a death benefit and a cash value component. You can borrow this cash value to pay for unforeseen expenses, education or even to supplement retirement income. Many Whole Life insurance policies let you participate in the profits of the insurance company by receiving "dividends" and let you choose what you want done with your dividends, from building cash value, to buying additional "paid up" amounts of Whole Life insurance coverage, to even helping pay your policy's premiums.

Variable Life

A traditional Variable Life policy provides both a death benefit and cash value component, but differs from a Whole Life insurance policy because it allows you to invest the cash value in investment portfolios selected by the insurer. Your invested portfolio may fluctuate and may worth more or less then your investment. If you accumulate significant cash value over the years, you may “borrow” the appreciated funds without paying taxes on the borrowed gains. As long as the policy stays in force, the borrowed funds do not need to be repaid, however, interest may be charged to your cash value account. However, “borrowed” funds may reduce the death benefit of the policy and may require additional premiums invested to prevent policy lapse

Term Life

Term Life insurance provides protection for a specific period of time, usually 5, 10, 15 or 20 years, and pays the benefit only if the loved one passes away during the term. If you are interested in short term coverage or coverage for a specific need such as college tuition or the purchase of a home, Term Life insurance would suit you. It is also an affordable option for young people buying insurance for the first time. Term Life insurance does not build any cash values and can get more expensive as you get older

Mortgage Term Life

Mortgage Term Life insurance is a life insurance policy covering a mortgagor. The benefits from this policy are intended to pay off the balance due on a mortgage upon the death of the insured. It provides level premiums with a decreasing death benefit.

Health Insurance

Health Insurance is an important aspect of your overall financial and life security. Minimizing the health care costs associated with illness and accidents for yourself and your family is easy to do and you have many options for coverage. Whether you are an individual looking for personal health coverage, a small business wanting to create a health insurance benefit for your employees or a large corporation, I can find the plan that fits your budget and your health care needs.

Long-Term Care Insurance

Long-Term Care is the only insurance plan that offers protection from exhausting your savings for a long-lasting illness or disability. Half a million Americans fall into poverty while paying for long-term care. Medicare covers a small fraction of long-term care and it is limited to skilled nursing care, which isn't the same as custodial care - the kind of long-term care most people need. Some private health insurance plans cover a month or two of skilled nursing after a hospital stay, but that's all. To qualify for Medicaid, you must deplete most of your assets and contribute nearly all of your income to meet the program's poverty requirements. Planning ahead with a Long-Term Care policy can protect you and your family from losing your life savings to pay for needed services if you become chronically ill or infirm.

Disablity Insurance

Disability Insurance is designed to replace earned income if an accident or illness prevents you or your employees from earning an income. Disability Insurance is all about planning for the unforeseen in life: illness, infirmity, and disability. And it is about protecting your and your employees' family from the loss of income that can occur when an illness is prolonged or a disability is lengthy or permanent.

Trust Planning

Setting up trusts can help you avoid probate, reduce estate taxes, and may also help you set up long-term property management. Probate can take months and can eat up about 5% of the property through lawyer and court fees. If you set up a trust before your death, after your death property can be quickly and quietly distributed to the beneficiaries, and there are no lawyer or court fees to pay. There are several kinds of living trusts. We can help you decide whether you need a living trust and what type would be best for you and your heirs.

Revocable Living Trusts

A Revocable Living Trust is "Revocable" because you can change the terms or cancel it at any time. It is "Living" because the trust takes effect while you are still alive. It is a "Trust" because it creates a place where assets are available for your normal use now as well as after your death. It can be used for other reasons in addition to avoiding probate: if you own property in more than one state your heirs can avoid multiple probate proceedings; if you are incapacitated, your successor trustee can manage your affairs; and you can specify the maturity age of your heirs.

Irrevocable Life Insurance Trusts

An Irrevocable Life Insurance Trust helps you reduce the number of assets that will be subject to taxation after your death, by gifting life insurance premiums to the ultimate beneficiaries through a lifetime gifting program. You can avoid transfer tax on any appreciation in the value of the gift between the time of the gift and the grantor's death. Life Insurance is a particularly attractive vehicle for this situation because of the great difference in values before and after the insured's (grantor's) death. Gifts to An Irrevocable Life Insurance Trust are often eligible for the $10,000 annual gift tax exclusion, meaning that no one pays any taxes on the gift, neither the grantor nor the heir.

Charitable Remainder Trusts

The Charitable Remainder Trust is an irrevocable trust with both charitable and non-charitable beneficiaries. The donor transfers highly appreciated assets into the trust and retains an income interest. Upon expiration of the income interest, the remainder in the trust passes to a qualified charity of the donor's choice. If properly structured, the CRT permits the donor to receive income, estate, and/or gift tax advantages. These advantages often provide for a much greater income stream to the income beneficiary than would be available outside the trust.

Estate Planning

Estate Planning involves the orderly arrangement of one's financial affairs so as to maximize the value of the estate when transferred at death, to the people and institutions favored by the deceased, with minimum loss of value because of taxes and forced liquidation of assets. A well-structured estate plan is invaluable. Through it you can control the distribution of your assets and possessions, as well as name guardians for your children or plan care for other dependents. While the process of planning your estate can raise some difficult emotional and personal issues, your heirs will be glad that you did so, and you will be comfortable knowing that your wishes are assured.