Wealth Building Plans We Offer
Universal Life Insurance
What is Universal Life Insurance?
Indexed Universal Life or Variable Universal Life Insurance is a flexible policy that offers a death benefit while building cash value. This is possible by investing a part of your premium (beneficially structured at flexible rates) into an indexed fund. Illustrated correctly, it can have little to no downside risk while providing potential for higher cash value returns than traditional term insurance or whole life insurance plans.
Benefits of a Universal Life Plan include:
1. Building cash value in your policy by investing a portion of your premium into an index fund like the S&P 500.
2. No downside risk in the market (guaranteed for fixed plans & if illustrated correctly with a variable plan).
3. The potential to include a living benefit rider which will provide you with monthly installments for a certain period of time. Most clients prefer setting this for retirement (ex; Ages 65 to 100).
4. Options to additional riders at no cost (depending on the carrier).
5. Availability to loan against your cash value and receive funds needed for a life event (ex; down payment on a home, a student loan or tuition cost, a rainy day emergency, etc).
6. Tax-free benefits with rider distributions, loaning against your policy, and your accumulated cash value.
We work with a variety of A&A-rated life insurance carriers to help you get qualified for a Universal Life Insurance plan today.
Whole Life Insurance
What is Whole Life Insurance?
Whole Life Insurance offers a certain amount of death benefit for the duration of your life while building cash value (at a safely fixed rate) towards an index fund. It can be a way of building wealth for your family over the long term of the policy.
Utilize this plan for funeral expenses, an extra savings account (with cash accumulation), or a retirement with tax-free benefits.
Contact us for more information on how this plan may work for you.
Annuities
What is an annuity?
An annuity is a contract between you and the insurance carrier.
How does it work?
It's simple. Once you agree to pay the insurance carrier a set amount of cash (on a month-to-month basis or one lump sum upfront) in return you'll receive a future stream of income that has accumulated cash value.
Why would I need an annuity?
Annuities can start building cash value almost instantly. Your monthly payments or lump sum investment has the potential to grow cash by investing a percentage of your contribution into an index fund. Annuities may also be purchased within your ROTH IRA or a 401 (k) plan. If you have a savings plan, why not put it into an annuity and watch it grow on its own?
Our team can help explain the benefits of the annuity plans we offer. Contact us today if you have any questions.