Effective college fund planning requires an extensive knowledge of the educational, social and financial aid system. Many families do not realize that paying for college is also a retirement issue. The average annual cost of attendance to an in-state public college is $21,447; whereas a conservative budget for private college attendance is currently $42,224 annually. These numbers are disconcerting for parents because of the threat to their retirement funds and to students because of the potential of being saddled with long-term student loan debt. To address these issues, we have partnered with financial professionals across the country who are equipped to assist with both areas of concern.

When making a major investment (such as purchasing a home) it is helpful to work with an expert who is familiar with the industry (such as a realtor) and who can help you navigate the unfamiliar terrain. College funding is no different. Our experts are available to assist you in making decisions based on industry knowledge and experience:

• Personal consultation with a college planning consultant to discuss your family’s individual needs
• Help you understand available financial aid
• Suggest income and tax strategies
• Financial planning for the future

Why Buy Life Insurance?

Why should you bother with life insurance?  It provides the basis for your overall financial strategy and allows you to plan for the future.  Every day individuals benefit from life insurance.  They enjoy security and protection because family members or loved ones purchased policies before their deaths.

Some people equate the need for life insurance with having a family.  In fact, the value of life insurance applies to many situations — a parent raising a child alone, a couple with several children, a single person with parents who need care, or someone wishing to leave behind a lasting legacy.

Life Insurance:

• Provides a basis for your overall financial strategy
• Pays off when you least expect it to and helps when your family needs it most
• Protects your family for a term of years, and benefits you (the insured) in case of survival
• Relieves anxiety in adulthood and middle age, and relieves want from old age
• Is the only plan that will guarantee a known sum at an unknown time
• Provides children with guardianship, support, education, and social advantages until they are prepared to take on the burdens of life with adequate preparation
• Builds up valuable reserves
• Costs little and rewards greatly
• Increase in value the longer you keep it
• Ends only when you cash in on it

Life Insurance Resources

What is Permanent Life Insurance?
https://www.youtube.com/watch?time_continue=1&v=67-eIna94Rc

INBC News – Investing in Life Insurance

Remle Win and Real Life Story

Transamerica Legacy of Love
https://www.youtube.com/watch?v=YfMYEX6TQgM

What is a Fixed Indexed Annuity?

A Fixed Indexed Annuity is a tax-deferred, stable, financial option designed to grow your premium and protect it if the market drops. This product is typically accompanied with multiple crediting strategies that you can choose to participate in. These crediting strategies include at least one indexed account and may also include a Fixed Rate account. When you select an indexing strategy, you are credited interest at the end of the crediting period in the event the index value grows.

A Fixed Indexed Annuity offers access to more interest growth potential as the market performs positively. In addition to growth potential, a Fixed Indexed Annuity offers protection of principal in several different ways. You do not lose money, including interest earned during previous crediting periods, if the index value drops because your money is allocated to the annuity itself rather than directly to the index (or indices). Additionally, the indexed accounts typically offer a minimum guaranteed interest rate of at least 0%. 

GUARANTEED INCOME

One key reason that people buy an annuity is to have reliable income during retirement. One popular way to get lifetime income with an FIA is through an optional benefit that guarantees income through regular withdrawals that can either start immediately or at a later date. This gives you the option of either taking regular income that’s guaranteed for life or forgoing the guarantee and using the money in other ways. A “withdrawal benefit” can offer different features and comes with conditions in order to keep the guarantee, but that guarantee means that the insurance company will continue payments for life even if the contract runs out of money.

Please contact us for more information and to see if a Fixed Index Annuity is right for you.