Our Services
ANNUITIES
Annuities are insurance products that an insurance company guarantees. There are multiple types of annuities, including the following, all of which can be used in different situations:
Variable annuities
Fixed indexed annuities
Fixed annuities
When it comes to annuities, there are a lot of extreme theories about how they work. As both financial advisors and insurance agents, our goal is to educate the clients we work with to better understand how the investment works and to find the right annuity that fits their long-term financial needs. Instead of going into annuities blindly, we help our clients reach a level of safety with their investments over time.
RETIREMENT PLANNING
Planning for retirement can be confusing, but it is worth the extra effort when you consider the peace of mind it will offer you and your family in the twilight years of your life. If you desire to develop a plan for retirement or have a question about your existing retirement plan, you can start by looking for answers here with me.
Enjoy the fruits of your labor. We can help you build a retirement strategy that is sure to keep you excited for what’s to come.
From Simple IRAs to rolling over a 401(k) or 403(b) into a Traditional IRA, I can help you confidently plan for retirement.
Savings accounts that you open with your bank typically have low interest rates that do little to help you save toward retirement. Add in social security and its simply not enough for most people to live off when they are ready to retire.
WEALTH MANAGEMENT
Every dollar you own should have a job. Make your money work for you, day and night, with personalized plans and investments to ensure it stays active and continues to grow.
I can meet the needs and wants of your lifestyle and level of wealth by providing the appropriate financial products and services. When looking at investing your assets, I consider capital gains, tax-advantaged savings and products and stock market volatility. We care about your future and how to get you where you want to be.
FINAL EXPENSE INSURANCE
Final expense insurance is a whole-life policy that has a small death benefit and is easy to get approved for. Final expense insurance is also called funeral insurance, burial insurance, simplified whole life insurance, or modified whole life insurance. All relate to small whole life policies with a face value and death benefit.
Final expense insurance has a death benefit designed to cover expenses such as a funeral or memorial service, embalming and a casket, or cremation. However, beneficiaries can use the death benefit for any purpose, from paying property taxes to taking a vacation.
KEY PERSON INSURANCE
Key Person Insurance, a company purchases a life insurance policy on certain employee(s), pays the premiums, and is the beneficiary of the policy. In the event of the person's death, the company receives the policy's death benefit.
That money can be used to cover the costs of recruiting, hiring, and training a replacement for the deceased person. If the company doesn't believe it can continue operations, it can use the money to pay off debts, distribute money to investors, provide severance benefits to employees, and close the business down in an orderly manner. Key person insurance gives the company some options other than immediate bankruptcy.
To determine whether a business needs this kind of coverage, company leaders must consider who is irreplaceable in the short term. In many small businesses, it's the owner who does most things, such as keeping the books, managing employees, handling key customers, etc. Without this person, the business can come to a stop.
Categories of Loss Covered by Key Person Insurance
Key person insurance can cover a company against a range of risks. For example, it may provide:
Insurance to protect profits—for example, offsetting lost income from lost sales or losses resulting from the delay or cancellation of any business project involving a key person.
Insurance designed to protect shareholders or partnership interests. Typically, this enables the surviving shareholders or partners to purchase the financial interests of the deceased person.
Insurance for anyone involved in guaranteeing business loans or banking facilities. The value of insurance coverage is arranged to equal the value of the guarantee.
Who Pays for Key Person Insurance?
The company that purchases the key person insurance is the entity that pays the premiums for the insurance. The key person does not pay the insurance.
The Bottom Line
Key person insurance allows a company to continue to operate in the event of the loss of an individual critical to the success of the business. The death benefit to the company can cover a variety of costs to ensure the business can survive the sudden loss of its key person. Choosing the right key person insurance, the amount of the policy, and other details is particularly important for small businesses and new startups.
COLLEGE FUNDING
Planning for your child’s education starts early!
Even if you are not sure if your child will attend college you can change the beneficiary on the account to another child or immediate family member including yourself. As long as the funds are being used for education expenses the money can be withdrawn tax-free.
MORTGAGE PROTECTION
Mortgage Protection Life Insurance is a reliable way to establish financial stability and secure a home for your family. Life insurance helps ensure that the financial debt you owe toward your home can be paid if something happens to you.
The benefits of mortgage life insurance:
In some cases, a combination of coverage types may provide more benefits than a single product solution, better protecting your home in the event that you pass away unexpectedly.
The balance owed on your mortgage would always be covered by the combination of one or two life insurance policies.
Using life insurance for mortgage protection can alleviate the risk of someone being left with an unmanageable financial burden. Many people want to protect their home for their loved ones but aren’t sure what kind of life insurance to purchase.
Customizing your coverage can provide short-term protection when your mortgage amount is highest and long-term protection to cover the entire duration of the mortgage.
The combination approach can work within your budget, provides flexibility and can be designed to cover all mortgage payments.
Using life insurance to cover your home mortgage.
There are times when you may need to combine insurance policies in order to meet your specific needs, such as paying off a mortgage.
Here’s how it works:
When you buy a home, you take out two insurance policies: a whole life policy that will provide the amount of long-term coverage that best fits your situation, and a term policy that will cover the balance of your mortgage for the short-term early period of the mortgage (10 to 15 years), when the amount owed will be highest.
The term policy will last for a long enough period and carry a high enough benefit to guarantee that your family will always be able to pay off the mortgage should something happen to you.
Your family will be able to use its discretion when deciding how to use the death benefit. They can use it to pay off the mortgage in its entirety, to continue making mortgage payments, or to cover another need.