Insurance and Annuities

Annuities

Some claim to have a crystal ball and say the can tell the future but the reality is that life is full of uncertainties.  No one can predict the future let alone how markets perform or if there is inflation looming.  Annuities can play an instrumental role in the elimination of market uncertainties by providing guarantees that protect your retirement income.

The three types of annuities are fixed, variable, and income. These instruments provide different benefits depending on your needs and objectives.

Life Insurance

Life insurance is a crucial aspect of managing risk in order to shield your family from the financial consequences of your pacing.  It is human nature to ignore the reality of life and the risks that we are exposed to on an everyday basis.

 We tend to ignore the benefits that having life insurance can have on our beneficiaries.  The proceeds of life insurance benefits are tax-free and are paid directly to your beneficiaries.  As a result this can save time and money. 

• Permanent life insurance. Is life insurance such as whole life, Index Universal Life or endowment, where the sum assured is due to be paid out at the end of the policy (provided the policy is kept current), while building cash value
• Term life insurance. Often costs less and provides coverage at a fixed rate of payment for a limited period of time, and does not build cash value

Long Term Care

Long-term care insurance offers you flexibility in meeting your long-term care preferences and needs in the event that you need care in-home, in an assisted-living facility or at a nursing home.

You may be wondering why long-term care protection?

• The cost of long-term care can place a burden on you and your loved ones. Long term care Ins. Can remove the worry of having to earmark your nest egg.
• LTC can quickly drain away assets meant for a secure retirement — the national average cost of a private room in a nursing home exceeds $87,000 per year.
• Health care insurance programs such as Medicare and Medigap do not generally cover all long-term care expenses, and Medicaid has a "spend down" element that may force you to liquidate assets to qualify.

Disability income insurance

Disability income insurance often called DI offers the beneficiary financial protection by replacing your income when you're not able to earn it due to a disabling injury or illness.

Employer-sponsored group disability insurance policies and personal savings may fall short of providing all of the income you depend upon.

A disability income insurance policy can:

• Replace a percentage of your income helping you to meet your immediate financial needs.

Disability income planning with Avatar

If you pay your premiums with dollars that have already been taxed, any benefits paid to you will be income tax-free. Retaining your own coverage gives you more control.