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
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.
Whole and Universal Life Insurance
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.
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.