Life Insurance

Life insurance is a crucial step in planning for your future and your family’s future. It can fulfill promises and obligations to your family if you are no longer living. The death benefit is income-tax free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes or any other expenses your survivors may incur. Life insurance may also be used to help ensure that a family business will pass to your intended survivor. There are also benefits to certain types of life insurance plans during your lifetime.

Health Insurance

Today’s families face ever present health risks, we have partnered with some of the most well respected health insurance companies in the region to offer you a variety of options when choosing a health insurance carrier.

Retirement Plans

Sound planning is the key to securing a level of comfort for you and your family. We offer a wide variety of investment vehicles and insurance products to assist you in that process including:

IRAs
Individual Retirement Accounts were established by the federal government to encourage people to save for their retirement by providing a variety of tax advantages.

Traditional IRA – Contributions up to $5,000 annually – $6,000 for age 50 and over, may be deductible, and your earnings are not taxed until you start withdrawing money.

Roth IRA – For many people, a Roth IRA may offer greater tax savings and withdrawal flexibility than a traditional IRA. Eligibility depends on income.

Simple IRA – SIMPLE IRA plans are retirement vehicles, maintained on a calendar year basis, for small employers (no more than 100 employees earning at least $5,000 for the preceding year), which permits contributions under a qualified salary reduction agreement.
Annuities – Annuities can provide a series of payments that typically start at retirement and continue for the rest of the contract owner’s life. Annuities can provide retirement income for either a fixed period of time or for the rest of an annuitant’s life. Retirement income payments can begin immediately with the purchase of an annuity or be deferred to some time in the future.

401 (k), 403 (b)
A 401(k) plan allows you to postpone receiving a portion of your salary until you retire. You choose the amount of income you’d like to “send to the future,” or defer annually. Advantages of a 401(k) include:

  • Chance of lowering your income rate by deferring a portion of your taxable income.
  • Ability to access the money for certain situations like buying a house, college fees, or in some hardship situations.
  • Your Social Security contributions and benefits will not be impacted by your 401(k) plan.
  • Your account is transferable—so you can take it with you from job to job
  • Chance to make after-tax ROTH contributions – $16,500 for the ROTH 401(k) compared to $5,000 for the ROTH IRA ($22,000 and $6,000 for those age 50 or older).

Long Term Care
Long-term care insurance typically covers the cost of help in your home, adult day care, assisted living services or care in a nursing home. Long-term care is typically not covered by your health plan, disability coverage or Medicare. Medicaid does cover long-term care, but only after you have used up your assets paying for care.