Insurance
Insurance Plans to Fit Your Life Objectives and Financial Goals
At My Retirement Edge LLC., we make the process of choosing an insurance plan as easy as possible. When you work alongside our financial consultants and retiree planners, we’ll guide you through the various options and their respective benefits. From flexible life insurance to supplemental plans to cover final expenses, we have a full spectrum of competitively priced insurance plans which can meet your needs, goals and budget.
The Value Of Insurance During Your Golden Years
Insurance could be one of the most valuable assets to retain during the course of your retirement planning. Select life insurance plans can act as a catalyst towards income replacement – something that could be a solution to financial concerns. In addition this advantageous comfort, insurance can serve other purposes throughout your retirement years.
- Income Protection
- Tax-Free Withdrawals
- Wealth Transfer (Typically Tax-Free)
- Estate Tax Protection
- Long-Term Care
Understanding the Types of Insurance Suited to Optimal Retirement Planning
Life insurance plans can be offered on a group basis through an employer or association; however, many individuals choose to have their own plan in place. When choosing a life insurance policy, you’ll discover a few options which are considered to be most suitable for individuals, families and prospective retirees.
Term Life Insurance
Term life insurance provides financial coverage for a certain period of time. Otherwise known as a ‘term insurance’. This time allocation could be anywhere between 1 and 30 years. If you pass away during the coverage period, your beneficiaries will receive your benefit in a lump-sum. Term life insurance typically has lower premiums; thus, making it one of the most affordable life insurance policies for individuals.
Whole Life Insurance
Whole life insurance offers insurance coverage for life. As long as your premiums are paid, your beneficiaries are guaranteed to receive a death benefit. This plan may contain a growing cash value, or investment fund, which can assist in covering unforeseeable expenditures. Whole life insurance policies may carry additional benefits such as, fixed premiums and proceeds being free from federal income taxation when taken as policy loans or when death benefits are received by beneficiaries.
Universal Life Insurance
Universal life insurance offers permanent insurance coverage for life. Like other plans, when the insured passes away, beneficiaries will receive a guaranteed amount of money. In addition to this benefit, there is a tax-deferred cash value which grows until funds are withdrawn.
Unique to universal life insurance is the level of flexibility which offers policy owners the ability to modify the face value and frequency of payouts. Additionally, any accumulated growth in your policy may be backed by a minimum interest rate to ensure its’ value never drops below a certain level. Ultimately, universal life insurance can give policy holder’s peace of mind in knowing monetary funding will be there whenever you may need it most.
Unique to universal life insurance is the level of flexibility which offers policy owners the ability to modify the face value and frequency of payouts. Additionally, any accumulated growth in your policy may be backed by a minimum interest rate to ensure its’ value never drops below a certain level. Ultimately, universal life insurance can give policy holder’s peace of mind in knowing monetary funding will be there whenever you may need it most.
Final Expense Insurance
Losing a loved one can procure emotionally trying times. The large fees associated with death can be overwhelming and deepen the already difficult situation. A final expense insurance policy can help loved ones cover the costs of a funeral without having to find alternative methods to come up with the necessary funds. Generally, these policies can be customized to include the right amount of coverage to provide for the needs of your family after you have passed.
Get Peace of Mind With My Retirement Edge LLC.
We want only what’s best for you and your loved ones. We’ll help you explore your different options and enable you to find the right answers based upon a logical, educated deduction of the various choices. Our trusted retirement advisors partner only with the leading, American owned and operated insurance companies to ensure you get cost-effective, safeguarded protection. With confidence and clarity in your decision-making process, you’ll gain the peace of mind you deserve.
