Many financial advisors overlook the life insurance industry as a source for retirement savings, accumulation and distribution. Surprisingly insurance is even overlooked in terms of managing risks that could otherwise derail a solid financial plan.
We believe the stability of life insurance companies has been a cornerstone of the financial world for centuries. We therefore leverage that strength when partnering with you to find the best strategies to meet your financial goals.
Our insurance products include:
- Short and Long Term Care
- Medicare Planning
- Critical Illness
- Disability Income
Maximize Retirement Income with Annuities and Social Security Decisions
Fixed index annuities are insurance contracts used to provide retirees with guaranteed interest often combined with the opportunity for accumulation based on changes in an external market index. Because indexed annuities are not actually participating in the market, your money is not at risk. In addition to maximizing social security and any available pension, a fixed index annuity is often a good choice for a portion of your retirement savings as it too will provide income that cannot be outlived.
Manage Financial Risk with Life, Critical Illness and Disability Insurance
In juxtaposition to longevity - premature death, disability, critical and catastrophic illness - can likewise cause undue financial hardship. We again look to insurance to protect us from these risks.
Measure Out of Pocket Expenses with Medicare and Long Term Care Planning
Every retirement plan must factor in health care costs. If not, you could be setting yourself up for a nasty financial shock. According to the latest retiree health care cost estimates, a 65-year-old couple retiring this year will need an average of $200,000 (in today’s dollars) to cover medical expenses throughout retirement. This expense could easily double if you or your spouse become part of the 70% of Americans who will require long term care. Again, offsetting this risk to an insurance-based strategy is your best defense.