SPECIALTIES

Indexed Universal Life

Truths

  • Indexed Universal Life (IUL) is a type of permanent life insurance that offers a combination of benefits to support you throughout your life.

  • The cost of insurance is a crucial factor. Our IUL products are designed to maximize the cash value component while minimizing the death benefit. Proper structuring is essential to meet client needs and expectations.

Common misconceptions

  • Withdrawing from the policy is often seen as more effective than borrowing. Always discuss tax implications with your tax professional before choosing the right strategy for you.

Fixed Indexed Annuities

Whole and Universal Life Insurance

Truths

  • Fixed Indexed Annuities (FIAs) are excellent financial vehicles for preserving and protecting capital investments, often considered a "flight to safety."

  • They are not subject to market losses and fluctuations.

  • A long-term perspective is vital, with growth being limited or controlled. Note that there are penalties for early withdrawals.

  • Earnings are subject to taxation. Consult a qualified tax professional for tailored advice.

  • FIAs provide predictable income needs later in life, offering guaranteed lifetime income.

Common misconceptions

  • During market downturns, there is often a cap of 0% rather than no floor.

  • In market upturns, capturing all market percentage gains is not possible due to a "ceiling" on returns. This ceiling varies based on market allocation strategies and other factors.

Truths

  • Whole and Universal Life Insurance provide lifelong coverage with the potential to build cash value over time.

  • Whole Life Insurance offers fixed premiums and a guaranteed death benefit, making it a stable choice for long-term planning.

  • Universal Life Insurance provides flexibility in premium payments and death benefits, allowing adjustments based on your financial situation.

Common misconceptions

  • Many believe that Universal Life Insurance policies are too complex. However, they can be tailored to fit individual needs with proper guidance.

  • It's often thought that cash value growth is insignificant. In reality, with disciplined contributions, these policies can accumulate substantial cash value.

What does it mean for you?

Final Expense Insurance

Truths

  • Final Expense Insurance is designed to cover funeral costs and other end-of-life expenses, providing peace of mind for policyholders and their families.

  • These policies typically have lower face amounts, making them more affordable than traditional life insurance.

Common misconceptions

  • Some assume that Final Expense Insurance is unnecessary if savings are adequate. However, Final Expense Insurance ensures immediate funds are available for funeral costs within hours and without delays of probate courts, estate attorneys, or end-of-life litigation.

  • It is often believed that these policies are only for the elderly. In fact, they can be a practical choice for anyone looking to manage end-of-life expenses.

Term Life Insurance

Truths

  • Term Life Insurance offers coverage for a specific period, making it an affordable option for temporary needs.

  • It provides a straightforward death benefit without the cash value component, focusing solely on protection.

Common misconceptions

  • Many think Term Life Insurance is not worth it due to its temporary nature. However, it is ideal for covering short-term obligations like mortgages or children's education.

  • There's a belief that renewing term policies is prohibitively expensive. While rates may increase with age, initial premiums are generally lower compared to permanent life insurance.