Risk Protection

 Are you concerned about outliving your assets? Financial planning helps determine if there is a need to reduce the risk of outliving assets or if there is simply a desire to “create my own pension check.” We can evaluate various options for annuities with lifetime income guarantees to fit your circumstances and specific objectives.

Fixed and Variable annuities are suitable for long-term investing, such as retirement investing.  Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.  Variable annuities are subject to market risk and may lose value.

Riders are additional guarantee options that are available to an annuity or life insurance contract holder.  While some riders are part of an existing contract, many others may carry additional fees, charges and restrictions, and the policy holder should review their contract carefully before purchasing. 

 Life insurance provides financial support to your loved ones after your death, replacing your income and helping them cover living expenses, mortgage payments, and college savings. The death benefit is typically tax-free, making it a crucial part of a strong financial plan. We evaluate your unique circumstances to determine if you have a life insurance need and, if so, how to address it.

 Most of us hope to age well in retirement and do so at home. However, that may not be feasible when cognitive or physically health inhibits living independently.
Long-term care insurance can help cover the costs of long-term care services. Potential insurance solutions vary depending upon objectives, but all strive to assist by protecting your assets and giving you control over where you receive care, including at home. A retirement plan should include a plan for the “what if” with long-term care and how much of the risk you want to self-fund versus transfer.

 Disability income insurance replaces a portion of your lost income due to a disability from an illness or injury that prevents you from working. It provides payments to help you cover living expenses such as rent, mortgage, food, and medical costs. We evaluate your situation, including employer provided disability insurance, to determine if you have a need and, if so, how to fulfill it.