Solutions & Services
Annuities
Facts: Show me an article that says that annuities are the best thing since the invention of the wheel, and I’ll show you three that say they are the worst investment a person could ever make. Where is the truth? The answer is: it depends. Annuities are complex instruments that do a great job at accomplishing very specific tasks. Unfortunately, they are probably one of the most mis-sold and mis-understood financial solutions. Annuities can help in four key planning areas: tax-deferred asset growth, lifetime income, death benefits, and long-term care benefits.
Services: I dig deep to help bring reason and common sense to the annuity discussion to determine if annuities are right for you. Or if you already have an annuity, I can help you understand what you have, and whether there might be something better out there for you. I quote annuities from over 50 different insurance carriers.
Exclusive: Annuity Inspection Report – I’ve created an exclusive analytical algorithm for existing annuity contracts that examines four analytical vectors for annuity holders:
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- Living benefits
- Death benefits
- Investment performance
- Fees
Knowing how each of these vectors works and impacts the others in your existing annuity can determine if you have the right solution.
Life Insurance
Facts: Life insurance is not like your dad’s old term policy anymore. Life solutions have evolved to a level of unprecedented flexibility and complexity. Today, life insurance has many of the features and benefits of a Roth IRA, without the government restrictions. It can be used as a tax-minimizing estate planning vehicle, as a bespoke investment account, or as part of a long-term care insurance. Oh yes, and they can also provide a guaranteed death benefit to ensure that one’s beneficiaries are cared for when you die. Life insurance splits across two principal types: term insurance, where you pay premiums in exchange for a defined benefit for a specific period of time, and permanent insurance, where you pay premiums for a potentially flexible set of benefits for the life of the insured. Understanding the differences between the many kinds of life insurance is key to making sure your goals are being met. Is life insurance something you need? Let’s talk and find out.
Services: I quote most forms of life insurance from over 30 different insurance carriers (there are certain kinds of specialty solutions that are better served by even more narrowly-focused specialists), and help you navigate the complexity of applying for, and obtaining coverage.
Exclusive: Life Insurance Review. Not only does life change, but life insurance products change over time. That’s why it’s important for you to periodically review your existing coverage. Many people have outdated policies that are not performing as originally intended, or simply have the wrong policy for their needs. My exclusive analysis looks deep under the hood of your existing life insurance policy and provides you with valuable feedback and potential areas of improvement and concern.
Long-Term Care Insurance
Facts: 70% of people aged 65 and up will require some sort of long-term care in their lives. The average current cost of LTC is about $300,000 over a 3.5 year period. That cost is expected to double in the next 20 years. Have you addressed this risk in your broader retirement plan? If so, have you reviewed your LTC plan lately? Today, LTC insurance comes in two main types: traditional, premium-based insurance, and hybrid or asset-based plans that use elements of life insurance or annuities to provide tax-efficient benefit pools for use in off-setting long-term care expenses.
Services: I can help you develop a long-term care plan. I also quote both traditional, and hybrid/asset-based long-term care coverage from all current providers of these products.
Exclusive: Long-Term Care Analysis Report – My exclusive Long-Term Care algorithm provides a custom-tailored analysis of all the factors that impact this significant retirement risk: current and projected costs of care in your area, comparative funding strategies, internal rates of return, and expected benefits.