Disability & Annuities

Disability Insurance

As we navigate life's uncertainties, one often-overlooked consideration is our financial well-being in the event of unforeseen setbacks. A disability can strike unexpectedly, disrupting our capacity to work and earn a living. 

According to LIMRA, 50% of Americans would not be able to meet expenses after just one month without a paycheck. And 88% of disabilities are from an illness, not an injury. Disability Insurance provides a safety net, offering financial protection by replacing a portion of your income if you cannot work due to an illness or injury. This coverage ensures that you can continue to meet your financial obligations, maintain your standard of living, and focus on recovery without the added stress of financial strain.

Annuities

Annuities offer a unique blend of growth potential and reliability. They can provide a consistent income stream during retirement, offering protection against market volatility. By incorporating annuities into your strategy, you create a diversified portfolio that balances risk and reward. Furthermore, annuities provide tax advantages, allowing your investments to grow tax-deferred until withdrawal. This can be particularly advantageous for your long-term financial goals.

Fixed Annuities

Fixed annuities are a safe place to hold your money that will often yield a higher annual percentage than a CD at your local bank. Interest rates in these plans are guaranteed and set by the insurance company selling the plan. Surrender periods do apply, so you need to choose a suitable investment period to have your money tied up with minimal access to those funds without penalty. Growth within these plans is tax deferred, but note that any money you take out is taxed on a first-out basis unless your account is set-up as a Roth IRA. 

Fixed Indexed Annuities

Fixed indexed annuities are tax deferred and returns are based on an index of your choice such as the S&P 500, Dow Jones, or Nasdaq and selected crediting method. You have protection against a market down-turn if your indexes perform inversely, and you will not lose any of your principal investment. Although interest credited to a fixed indexed annuity is based on an index that shadows the market, you are not directly invested in the stock market.