Retirement Planning

Annuities

Fulfilling your financial needs
To live life to its fullest, you need to be prepared. Today, many of us will live well into and beyond our 80’s, and creating a plan to meet your future financial needs will help you prepare for this longer life expectancy. Annuities can help you meet this financial need. 
An annuity is a contract between you and your insurance company. It can provide immediate income, or it can grow until you need income at a later time. Annuities are designed to turn the dollars you invest into an income stream you cannot outlive. 
The value of an annuity
If you’re already contributing the maximum to other retirement plans, like an IRA or 401(k), an annuity is an attractive retirement planning option that grows tax-deferred. Annuities can also provide a current source of income before or during retirement. Annuities can help meet:

Extra income needs — by filling the gap between early retirement and the beginning of Social Security benefits or provide more during the early, more active years of retirement
Retirement needs — by helping cover essential expenses in retirement not covered by Social Security, pension plans or personal savings
Non-retirement needs — by providing reliable, regular income, such as payments to college students to cover living expenses

Annuities offer you options
A variety of annuities can help you achieve your financial goals.

An index annuity is designed to provide you with the potential for growth without the risks of being invested in the stock market and your account value is protected from market loss. Earnings in annuities grow tax-deferred, which means you won’t pay taxes on earnings until you withdraw your money. You benefit from this tax- deferred compounding because the earnings that would be lost to taxes each year remain in the annuity to generate additional earnings.
A deferred annuity might be right for you if you’re looking for the stability of a fixed interest rate, tax-deferred growth and a steady stream of income payments to begin later in life – possibly when you retire.
An immediate annuity can help by converting a portion of your savings into an income stream that’s guaranteed to last as long as you need it. The payment option you choose, your age and the premium you’ve paid will determine how much you will receive.

An annuity can be used to help you increase your savings, protect your savings, or provide a stream of income you cannot outlive. 




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Life Insurance
Life Insurance Calculator


Whole Life
With a guaranteed death benefit that will not decrease, a premium guaranteed not to increase and cash value that earns a guaranteed interest rate, whole life insurance can create a good foundation of traditional insurance. Whole life insurance provides permanent lifetime protection for those you care about. No matter when you die, as long as your premiums are paid, your beneficiaries will receive the money they need and generally won’t owe income taxes on those funds.

Index Universal Life
 If you’re looking for a product that offers death benefit protection and the opportunity to build long-term cash value accumulation, an Indexed Universal Life (IUL) may fit your needs. An IUL policy will provide security today with the cash value growth potential you need for tomorrow 

Term Life Insurance
 Generally, term insurance provides a higher benefit at a lower cost than permanent life insurance because protection is provided for a limited period and the policy does not grow in value 


Return of Premium Term Life Insurance
 Return of Premium (ROP) life insurance policies allow you many options you won’t find with traditional term life insurance policies. Although term life insurance is considered the lowest cost life insurance, many consumers are not comfortable spending the money because they could outlive the coverage. With a ROP life insurance policy, you can provide solid life insurance protection for your family with a guaranteed death benefit that gives you something tangible back – the return of all eligible premiums paid – when the level term period is up