Life insurance, disability insurance, critical illness and life annuities
Every day, when we head out the door, we face risks – both big and small. That’s life. But we certainly don’t want to take risks when it comes to our loved ones. We can make sure everyone is taken care of. That’s why getting life insurance just makes sense. You ensure that your loved ones are protected financially if something happens to you. Remember, you can only get life insurance before you need it. When was the last time you looked at your coverage?
Here are some commons concerns we are asked about: How can I make certain that my family is comfortable if something happens to me? Can I protect myself and my family from creditors? Is it possible to create my own pension or reliable stream of income? How can I afford long-term care? How will I pay my bills if I get hurt and can’t work? Life insurance, disability insurance, critical illness insurance or a life annuity may be the answer you seek.
Since insurance helps protect you in case of accident, illness, disability or death, it plays a crucial role in your comprehensive financial plan. We can provide a wide array of quality insurance alternatives that can offer an important layer of safety for you, your family, your business or your organization. For example, we can help you build a protective cushion with life insurance, preserve your estate with long-term care insurance, and combine protection and tax-advantaged growth opportunities with annuities.
Annuity
An annuity guarantees you will receive an income for life, or as long as the annuity contract specifies. Your retirement income will be secure from both market and interest-rate risks.
Critical illness insurance
Designed to make a lump sum cash payment that can be used to cover many costs related to illness – including medical care, travel expenses or wages of a family member leaving work to help.
Disability insurance
Designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental Heart issue. And the duration of a disability can be either short- or long-term.
Guaranteed interest products
There are a number of guaranteed interest products that all offer protection for your initial investment and the opportunity for predetermined growth. The guaranteed return is based on interest rates, the deposit amount, the length of the contract and other factors, depending on the type of product you choose. You’ll have peace of mind knowing your savings are protected from market fluctuations.
Guaranteed Interest Annuities (GIA) are deposits with insurance companies. They are comparable to GICs offered by a bank, trust company or credit union. A GIA pays interest for a specific term at a guaranteed rate of interest just like a GIC.
Segregated funds
Segregated funds, like mutual funds, are market-based investments, but because they are insurance contracts, they also have additional benefits, including efficient estate settlement. There are a number of different types of segregated fund contracts that combine capital protection with growth potential. Your savings will be protected. When your contract matures or when you die, your savings will be guaranteed to return a minimum of 75% up to 100% of the money you put in (less withdrawals). Some segregated fund contracts also offer guaranteed lifetime income.
Contact us to learn more or for a quote. We’re here to help!
Guarantees are based on the paying ability of the insurance company. The decision to purchase life insurance should be based upon long-term financial goals and the need for death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. While the policy allows for loans, you should know that there may be little to no cash value available for loans in the policy’s early years.
