You work hard, plan and save for your future. If you’re like most people, you focus on building your assets with equity in a house, CD’s, stocks, bonds, mutual funds, or IRA’s. Each of these plays an important part in your financial plans; but don’t stop there. In a complete financial plan, building assets are only half of the equation. The other half of the equation is protecting those assets. By acting now to put together a financial plan, you can provide both independence and choices for you and your family.

Just what do you need to protect your assets from?

• A long-term or unexpected illness or disability.

• Inability to pay financial obligations due to premature death.

• Taxes.

• Inflation vs. Low rate of return on savings

The solutions to these problems may be insurance. Here are a few types of insurances you should consider:

• Short or Long-term major medical insurance will protect your assets from a catastrophic loss. Long-term care coverage will also provide you with independence and a choice of where you will receive care that is needed.

Decreasing term is normally used to cover home mortgage loans. Some mortgage programs also offer a disability rider to pay for the mortgage payment in the event of a disability. Some types of life insurance offer "CD" type interest rates and have tax advantages. A careful analysis of your individual needs will determine the policy that is best for you.

• Tax-deferred annuities provide both tax advantages and "CD" type current interest rates. Minimum guarantees are generally higher than savings accounts. Over a period of time, tax-deferral can be a powerful tool in keeping your savings above the inflation rate. Most annuities are very flexible. The funding of annuities may be on a single payment basis, or through a series of deposits. Several payout options are available; including guaranteed lifetime income. Payouts may also be available on a tax-favored basis.

Contact us for a free, no-obligation quote.

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