Our goal is to help people handle the big issues in life: the ones you usually see coming from a mile away. It depends on your preferences and needs, but one way or another, we’ll make sure that you’re prepared to face life’s most significant events:
Starting a family: You may not have had enough time to build up much of a safety net at this point in your life. We can guide you through several affordable options to provide your new family with the financial protection they deserve if income replacement is a key concern.
Protecting your home: There’s nothing better than owning your own home. Your home is one of the most important investments you will ever make-and a source of comfort and security for your family. In the event of an unfortunate event, a life insurance policy can help protect that investment and your family by providing them with the funds to pay off the mortgage.
Paying for college: It is obvious how important a college education is to a child’s future. Now is the time to research ways to meet the rising costs of education since the cost keeps going up. Fortunately, there are several ways we can help. Cash value life insurance* is one of the tools we can use. The cash value of a permanent life insurance policy can be accessed through policy loans in order to help pay for college*. Life insurance cash values do not need to be disclosed on FASFA forms. Additionally, should something happen to you the death benefit can be used to help pay for a child’s college cost.
Getting ready to retire: People’s ideas of retirement vary: spending more time with friends, traveling the world, or spoiling grandchildren whenever they want. Your standard of living depends largely on the amount of money you set aside. We will discuss what you want from retirement and create a plan that will not only help you save for retirement, but also make the most of your savings.
Caring for their future: Nothing is more important than family when it comes down to it. If you are in the enviable position of being able to leave something behind, we can put together a plan of action that will help protect your assets while making a real difference in the lives of those you love.
*The total outstanding loan balance (which includes accrued loan interest) reduces your policy’s available cash surrender value and life insurance benefit. Daily interest is accrued on the amount borrowed. When you fail to pay your loan interest when due, it will be added to the policy’s outstanding loan principal and will also accrue daily interest.
The value of the outstanding loan plus your cash surrender value may exceed the total amount of premiums paid into your policy (less certain non-taxable distributions) if your policy lapses or if you surrender it while you have an outstanding policy loan. In addition to the IRS and any applicable state taxing authorities, your insurance company will report any taxable gain to you. Contact a tax advisor if you have questions.