FAQ's
Life Insurance
Annuities
Indexed Universal Life IUL
General Retirement Planning
What type of life insurance is right for me—term, whole, or indexed universal life (IUL)?
It depends on your needs. Term is affordable and provides coverage for a set time. Whole life builds cash value over time. IUL offers lifelong coverage and the potential for tax-free growth tied to a stock market index. A personalized review can help you choose what fits best.
Can I get life insurance if I have a pre-existing condition?
Yes! Many carriers offer policies for individuals with health issues. We work with companies that specialize in finding coverage, even with conditions like diabetes or high blood pressure.
How much life insurance coverage do I actually need?
A good rule of thumb is 10–12 times your annual income, but it also depends on your debts, income replacement goals, and legacy plans. We can help you calculate the right amount.
How can life insurance help me leave a legacy for my children or grandchildren?
Life insurance provides a tax-free death benefit that can be used to pay off debt, fund education, or create generational wealth. It’s a powerful tool for passing on financial security.
What’s the difference between final expense insurance and traditional life insurance?
Final expense insurance is a smaller policy meant to cover funeral and end-of-life costs. Traditional life insurance offers higher coverage amounts for broader financial protection.
What is an annuity and how does it work?
An annuity is a financial product that converts your savings into a stream of income, often guaranteed for life. You contribute a lump sum or monthly payments, and the annuity pays you back over time.
How can an annuity provide me with guaranteed lifetime income?
Certain annuities offer options that ensure you receive a fixed income for life, even if you outlive your savings. This gives you peace of mind in retirement.
Are annuities safe during market downturns?
Yes—especially fixed and indexed annuities. These types offer principal protection, so your money won’t decrease when the market does.
What’s the difference between a fixed, indexed, and variable annuity?
- Fixed: Offers a guaranteed rate of return.
- Indexed: Tied to market performance (like the S&P 500) with downside protection.
- Variable: Invested in the market and carries more risk.
We help match your goals to the right type.
Is an annuity a good fit for someone in or nearing retirement?
- Absolutely. Annuities are ideal for people seeking guaranteed income, protection from market losses, and peace of mind as they transition into retirement.
What is an Indexed Universal Life policy and how does it build cash value?
An IUL is a type of permanent life insurance that allows your policy’s cash value to grow based on a stock index like the S&P 500—without risking loss in down markets.
Can I access the cash value in my IUL without penalty?
Yes. You can take out tax-free loans or withdrawals from the cash value after a certain period, often with more flexibility than retirement accounts.
How does an IUL compare to a 401(k) or IRA for retirement savings?
Unlike a 401(k) or IRA, an IUL offers tax free growth, no income limits, and no required minimum distributions. It also includes a death benefit and protection from market losses.
Is an IUL good for tax-free retirement income?
Yes. When structured properly, you can access the cash value through tax-free policy loans—creating a stream of retirement income that doesn’t count as taxable income.
Can I use an IUL to protect my family and grow my wealth at the same time?
Absolutely. IULs provide life insurance protection while also building tax advantaged cash value that you can use during your lifetime for retirement, emergencies, or major purchases.
I’m behind on saving—can I still retire comfortably?
Yes, it’s never too late. We specialize in helping people over 50 create personalized plans using tools like annuities, life insurance, and real estate to build secure, flexible income.
What are some low-risk options for generating retirement income?
Indexed annuities and IULs are popular for those wanting safety, income, and growth. These offer protection against market losses while still allowing for gains.
How do I protect my money from inflation and market volatility?
Products like IULs and indexed annuities help you grow your money based on market indexes while shielding you from losses—keeping your savings stable as the economy shifts.
What are the benefits of working with a financial professional instead of doing it myself?
You’ll save time, avoid costly mistakes, and get a plan tailored to your goals. We provide clarity, trusted strategies, and products that most people don’t access on their own.
Can I combine life insurance, annuities, and real estate for a more secure retirement plan?
Yes! This combination creates multiple income streams, tax benefits, and long term protection. We help you coordinate these tools for maximum efficiency and peace of mind.