RETIREMENT
You've saved for retirement, but will it be enough? Income annuities can help extend your savings by converting them into a stream of guaranteed payments, much like a pension. Your agent can help you choose an annuity that starts paying when you need it, ensuring a comfortable retirement.
RETIREMENT
You've saved for retirement, but will it be enough? Income annuities can help extend your savings by converting them into a stream of guaranteed payments, much like a pension. Your agent can help you choose an annuity that starts paying when you need it, ensuring a comfortable retirement.
The Benefits of Income Annuities for Retirement
Plan for a secure and comfortable retirement with our comprehensive retirement planning services, integrating life insurance solutions to protect your future.
We safely pay a variety of benefits to our customers and always put their financial interests first.
Guaranteed income:
Convert your retirement savings into a steady stream of income that
lasts as long as you need it.
Reduce concerns about depleting your funds and potentially increase your earnings with annuities that offer dividends.
Tailor the start date and amount of your income payments to fit your
unique needs and preferences.
Role in Retirement: Provides financial protection during your working years, ensuring your retirement savings are not depleted in the event
of your passing.
Agent Guidance: Agents explain how term life insurance can safeguard your retirement plans by covering critical financial responsibilities.
Role in Retirement: Accumulates cash value over time, which can be used to supplement your retirement income, offering a reliable source
of funds.
Agent Guidance: Our agents help you understand the benefits of whole life insurance as a tool for retirement planning and long-term financial security.
Role in Retirement: Offers tax-advantaged growth potential and flexible premiums, making it a valuable component of a diversified retirement strategy.
Agent Guidance: Agents provide insights on how IUL insurance can be used to achieve retirement goals while offering death benefit protection.
Role in Retirement: Provides investment opportunities within your policy to potentially grow your retirement funds, with the flexibility to adjust investments as needed.
Agent Guidance: Our agents guide you through the investment options and risks associated with variable life insurance, helping you balance growth and protection.
Role in Retirement: Ensures that end-of-life expenses are covered, protecting your retirement savings and reducing financial burden on your loved ones.
Agent Guidance: Agents help you select the appropriate coverage to ensure that all final expenses are managed, preserving your retirement assets.
Role in Retirement: Protects your family home by covering mortgage payments, ensuring your loved ones can remain in their home without financial strain.
Agent Guidance: Agents assist in tailoring a policy that fits your mortgage terms and retirement plans, providing peace of mind and security.
Turn your free time into a rewarding venture. Our expert-led course provides comprehensive training on both fundamental and advanced life insurance concepts. Take advantage of premium leads at the best prices in the industry and top-tier compensation while helping others secure their financial futures.
Join an industry renowned for producing the most millionaires. Embark on your path to financial success today with Financial Trust.
With our insurance course, you will be able to learn all the fundamental aspects of the insurance world, from basic concepts to
more advanced topics.
What is life insurance?
Life insurance is a contract between you and an insurance company, where you pay premiums in exchange for financial protection for your loved ones in the event of your death.Why do I need life insurance? Life insurance provides financial security for your family and loved ones, helping them cover expenses such as mortgage payments, education costs, and daily living expenses if you were to pass away.
There are different types of life insurance, including term life insurance and whole life insurance, Each type offers different benefits and coverage options to suit your needs.
The amount of life insurance coverage you need depends on factors such as your income, debts, lifestyle, and future financial goals. Our experts can help you determine the right amount of coverage for your specific situation.
Life insurance premiums are based on factors such as your age, health, lifestyle, occupation, and the amount of coverage you choose. Generally, the younger and healthier you are, the lower your premiums will be.
In most cases, life insurance death benefits are not taxable for the beneficiary. However, there are exceptions, such as if the policyholder's estate is large enough to trigger estate taxes. It's best to consult with a tax advisor for personalized guidance.
If you miss a premium payment, most life insurance policies have a grace period during which you can make the payment without penalty. If the grace period expires, your policy may lapse, and coverage could be terminated. However, some policies offer options to reinstate coverage.
Depending on the type of policy you have, you may be able to borrow against the cash value of a whole life or universal life insurance policy. Keep in mind that any outstanding loans will reduce the death benefit payable to your beneficiaries.For further inquiries or personalized assistance, feel free to contact us. We're here to help you make informed decisions about your life insurance needs.
While life insurance is commonly associated with providing for dependents, it can still serve other purposes even if you don't have dependents. For example, it can help cover final expenses, pay off debts, or leave a legacy for loved ones or charitable causes. Additionally, purchasing life insurance when you're younger and healthier can lock in lower premiums for future coverage needs.
If you outlive your term life insurance policy, the coverage will expire, and no death benefit will be paid out. However, many term life insurance policies offer the option to renew or convert to a permanent life insurance policy before the term ends. It's important to review your options and consider your future needs as the end of your term approaches.
If one insurance company declines your life insurance application, don't be discouraged. Other insurers may have different underwriting guidelines, offering alternative options. You can seek coverage elsewhere, consider simplified or guaranteed issue policies, or work on improving your health for future applications. Requesting the reason for decline can provide insights, and our team is here to assist you in exploring your options and finding a suitable solution.
Copyright © 2024. All rights reserved. FINANCIAL TRUST
FOLLOW US