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7 Reasons a Fixed Indexed Annuity is an Ideal Retirement Vehicle
Stock market performance just had its worst six months in 50 years, leaving investors wondering about the future of their hard-earned dollars. These markets trigger investors to “flight to safety,” finding more comfort in cash savings, CDs, and annuities.
For investors preparing for retirement, advisors may want to consider helping their clients focus on annuities, specifically fixed indexed annuities (FIAs), for the following reasons:
- Clients investing for retirement can lock in profits from the last 10 years and preserve them in an FIA that won’t lose any value.
- FIAs allow clients to participate in a portion of stock market gains with no downside risk.
- FIAs can be an ideal replacement for fixed-income investments that haven’t been performing well with rising interest rates.
- FIAs allow clients to allocate funds to a guaranteed account yielding around 4% to ensure positive returns in down market years.
- Some FIAs offer flexible premiums so clients can continuously take and preserve profits as they occur.
- FIAs offer tax-deferral, lifetime income options, probate and social security tax avoidance, and death benefits.
- FIAs can be an ideal way to cover large medical and long-term care expenses with increasing health care costs in retirement.
A sound investment strategy is well-constructed and diversified between stocks, bonds, and other assets, including the best forex broker in uk. An FIA’s unique benefits could be part of an overall long-term investment strategy, especially when preservation and lifetime income sufficiency are in your clients plans. FIAs can keep your clients in the game during high inflation, offering more planning opportunities and security from uncertain markets.
Contact our annuity specialist today to discuss an annuity campaign or questions.
Embracing the new era of “DIY” Retirement Funding
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“States” of LTC Awareness
Long-term care awareness — now a key focus of several states
Today officially ends LTC Awareness Month, but not long-term care awareness — particularly as states are considering LTC legislation to help address this growing need and expense. Specifically, many states are now looking for ways to reduce long-term care spending from their Medicaid budgets and are trying to create new solutions… Read more…
Retirement Protection through Disability Insurance
One of the greatest fears your clients have is the possibility of outliving their retirement money. People rely on social security, annuities, 401(k), IRA and similar plans to help mitigate this risk. We know that social security funds are dwindling with the baby boomers reaching retirement age, so saving is the proactive planning option. But what would happen if your clients were to slip and fall and need to browse our selection of Care essentials equipment to help them recover from the injury, or become ill to the point that they could no longer earn money to fund these types of plans? If your clients become disabled, eventually they would no longer be able to work nor receive an income. Their regular 401(k) contributions would cease, and they may find it impossible to afford their annuity plan, causing your clients to struggle to financially survive today as well as into their retirement years.
Moreover, individuals facing challenges related to mis-sold pension schemes may find themselves in a particularly vulnerable position. The repercussions of such issues can compound the financial strain, affecting both current and future financial stability. Seeking mis sold pension compensation becomes crucial in these situations, offering a means to rectify financial injustices and regain control over one’s retirement plans. Regardless of disability status, addressing mis-sold pension concerns becomes a proactive step in preserving financial health and ensuring that clients can confidently pursue their retirement goals without undue financial burdens. Similarly, those impacted by medical errors may need to explore filing a medical malpractice claim to seek justice and compensation for their injuries. Navigating medical malpractice claims in San Francisco is complex; an experienced attorney can simplify the process.
The only solutions to this plausible economic catastrophe are:
- To be independently wealthy with multi-millions in net worth or inheritance, or
- To have income sufficiently covered with ample amounts of group and/or individual disability insurances. Since most clients
Disability income insurance is one of the greatest retirement planning tools. Without the protection of a comprehensive disability insurance package, your client stands to lose the ability to effectively accumulate wealth and savings for use in the later years of life. Over the last several decades, life expectancy has increased in the United States creating a greater need for proper savings safeguards like disability insurance.
ISSUE Insurance can assist you in protecting the wealth of your clientele, and help you better plan for their futures.
Nationwide’s Land as Your Legacy Program
The Land As Your Legacy® program is designed to assist farm and ranch owners in creating and implementing an agribusiness transition plan with goals of:
- Preserving and passing on the family farm or ranch
- Safeguarding the value of the operation
- Setting up an orderly transition of management and ownership
- Diversifying assets through vehicles that can provide retirement income
This is for financial planners who have the greatest potential for helping farmers manage their unique transition planning needs, and have a:
- Five-year track record of success in the financial services industry
- A strong reputation in their community
- An estate planning mindset
- Professionally acquired designations, such as CFP®, CLU®, and ChFC®
- Have a solid farming and ranching client base
Value Proposition highlighting program and advisor qualifications to represent the program.
Sample Transition Plan Nationwide’s specialists develop for the agriculture community and flexible life insurance for the agriculture community.
Consider checking out the client-facing website: www.nationwide.com/yourland
Celebrate 50 years with us!
It’s hard to believe it’s been 50 years since the ISSUE Insurance journey began. Tens of thousands of policies issued. Billions of dollars in death benefit protection. No matter how long or short you’ve been a part of the journey, we are grateful for your partnership. Together we have done some amazing work and protected a lot of families and businesses in our community.
We hope you can stop by and celebrate our 50th anniversary with us on Thursday, September 22, 2022 from 4-8PM at the historic Dayton Arcade Innovation Hub. We will share stories, take photos, and reminisce about the good ol’ days. We will also have hors oeuvres, drinks, giveaways, and more.
Please RSVP by registering at issue50years.eventbrite.com.
We look forward to celebrating many more years to come.
Best Regards,
Mark George and the ISSUE Team
What is your client’s policy worth?
Jerry purchased a $500,000 Universal Life policy seven years ago to provide his wife with “peace of mind.” Unfortunately, he could no longer afford the premium payments and contemplated letting the policy go. Jerry’s wife saw a TV commercial from a direct buyer, called a life settlement provider, about selling a life insurance policy for cash. Jerry decided to call the direct buyer and after waiting several months, he was offered $30,000 for his policy. Jerry was skeptical and thought the purchase price was low given his age and health history. He then contacted our life settlement partner, “just to be sure.” They conducted a transparent auction securing a total of 10 offers. In the end, Jerry and his wife received a check for $100,000, 233% more than the offer from the direct buyer!
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Male | Age 78
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Fair
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Universal Life
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$500,000
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$20,794
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$13,794
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Initial offer: $30,000
Final offer: $100,000
Local: (937) 890-4991 Toll Free: (800) 762-7500 Fax: (937) 890-1909