Video: Annuity Income For Life Guarantee

Here is a great video regarding my earlier post related to Guaranteed Income For Life riders with Annuities.

Click Here For Video

For more information, visit our website:
www.moreyinsurancegroup.com  

Guaranteed Income For Life! Annuity secret

If you haven't looked at annuities as a serious retirement vehicle recently, you are missing a great opportunity!

Today's annuities are much different than they were in the past and have recently gotten the attention of savvy investors and savers.  The most appealing aspect of today's Fixed Index Annuities, is the GUARANTEED INCOME FOR LIFE benefit, which is built into most of the top annuities today.

Guaranteed Income For Life is a huge relief to someone who has saved money for their retirement, but fear that their 401(k), 457 Plan, or any other retirement account they have, will not last long into their retirement.  Annuities offer the Guaranteed Income For Life, regardless of how long you live! No need to worry that your retirement account will run out of money before you run out of time.

I have clients every month that are moving money from their retirement accounts into safe, secure Annuity accounts, and are living much less stressed about their future income needs.  If you would like to see if an Annuity is right for you, check out our website, and then give us a call to see how we can help you.

For information and contact info; visit:  www.moreyinsurancegroup.com  

September is Life Insurance Awareness Month!

This year marks the 12th anniversary of Life Insurance Awareness Month (LIAM), an effort to raise awareness among consumers about the need for life insurance. 

Americans by and large aren’t saving much money and many households are still mired in debt. Many see value in life insurance, but less than half have individual life insurance policies.

Now more than ever, it is vital that consumers protect their financial security. Life insurance has been providing this kind of protection to Americans for more than 200 years.

Here is an interesting statistic:

Is it time you check into your life insurance coverage?  

Visit our website at:  www.moreyinsurancegroup.com  or Contact Us Here.  Let's talk about your current insurance and your goals for your future and your family.  

The Morey Insurance Group is a group of local insurance agents in Sacramento and Placer County California, offering custom fitted insurance solutions for our clients.  

Free Term Life Insurance Quote!

I wanted to post this link to a new Term Life Insurance quoting engine that I am now using.  This is sponsored by Banner Life Insurance, which offers the most competitive Term Life Insurance rates in the industry!

Banner Life is a top tier A+ rated insurance carrier and one that I trust recommending to my clients.

For a Free Term Life Insurance Quote, click on the image below:

To determine if Term Insurance is appropriate for your needs, visit our website for more detailed descriptions and videos to help make your best choice.

Visit us at:  www.moreyinsurancegroup.com 

Video: Indexed Universal Life Insurance (IUL)

Great short video from North American Life Insurance Co., that highlights the benefits of an Indexed Universal Life (IUL) Insurance Policy.

INDEXED UNIVERSAL LIFE INSURANCE

Click on Video Below

Interested in learning how this type of policy can benefit you?  Visit our website today at:
www.moreyinsurancegroup.com, or Contact Us today!

Fixed Indexed Annuities (Hybrid Annuities)

A Fixed Indexed Annuity, or what I call a “Hybrid” Annuity, was developed using attributes from three annuity types, utilizing the very best features they have to offer, and acts something like a “personal pension.  Here are some of the “Pros” of a Hybrid Annuity:

"HYBRID" ANNUITY Benefits:

• Income stream for life
• Secure Principal Protection
• You have control of your money
• You get a guaranteed rate of return
• Your money is not tied to market volatility
• Income that can be up to 100% tax free
• You have a potential for growth linked to a market index upside without the market downside
• Your income can even double or triple with certain riders
• May include riders for Long Term Care or Healthcare costs.

With Fixed Indexed Annuities, not “One Size That Fits All”...

What’s important to recognize is that not all retirees are the same, so one size does not fit all. You and your neighbor, who may be retiring at the same time, may have very different, or even just slightly different, available assets and income needs during retirement. But each of you will need a customized strategy that’s uniquely designed for you.

When you are at the point in life that you are living off the savings you worked for throughout your life, you should re-review your financial goals and consider the following for yourself.

Annuities are contracts between you and an insurance company. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.

Annuity riders may be available for an additional annual premium that may provide additional benefits and income guarantees.

Most annuities have a withdrawal (surrender) period for the first five to 15 years of ownership. Excess withdrawals and any withdrawal prior to age 59½ may significantly reduce the guaranteed withdrawal benefit amount and be subject to an additional 10% federal income tax penalty.  

To speak with a financial professional, specializing in retirement planning strategies and Fixed Indexed Annuities, visit our website at: www.moreyinsurancegroup.com  or, send us an email at: john@moreyinsurancegroup.com

Top Five Reasons to Consider an Indexed Universal Life (IUL) Policy

An Indexed Universal Life (IUL) policy is a unique solution for many clients that is often misunderstood.

To help with understanding an IUL, we wanted to post what we believe are the top 5 fundamental features that set IUL’s apart from the rest of the vehicles available, and why you should consider this product if .  Here is our list:

1. Tax deferred accumulationTypically, the premiums paid into an IUL are Non-Qualified (after-tax) dollars and the portion of the premiums that go toward accumulation in an IUL grow on a tax deferred basis. This means you will NOT be receiving a 1099 for the growth on his/her policy every year!

2. Income tax free death proceedsOne of the most important reasons for purchasing any life insurance policy is to pass along an income tax free death benefit to your beneficiary. When the policy owner passes away, the lump sum death benefit will pass to his/her beneficiary income tax free.

3. Income tax free distributions
When structured properly, life insurance has the capability of producing non-reportable, tax free income to the client during their lifetime, which can be used for retirement income OR, funding a college education. This is accomplished by taking loans against the policy; as loans (as defined by
section 7702 and 72e of the tax code) are not subject to income taxation.

Additionally, that income is not reported or counted as income for the purposes of Social Security benefits taxation. In other words, income from your life insurance policy won’t increase the chances of your Social Security benefits being taxable.

4. Safety and security
Cash value growth inside of an IUL is pegged to market indexes (but never directly invested in the market), therefore you have a vehicle that offers you upside potential with no risk of principal loss due to market forces. How the policy credits its interest rates varies from insurance carrier to carrier and product to product, but they all have some form of a "floor and a ceiling" in between which your rates of return will fall. If chosen properly, most IUL's provide a floor that provides a protection against loss of principal.

5. Liquidity
In an IUL, your money is always working for you. And because of that, you always have a very high level of access to that money. Most of the time you have access to nearly all of your cash value in the
policy and only need to leave enough cash value in the policy to cover roughly months of charges. This high level of liquidity allows you to control your money.

Summary:
There are no other vehicles available in the marketplace today that offer all 5 of these features. It is for these reasons (and others) that the Indexed Universal Life marketplace has exploded in recent years, growing as much as 30% per year.

Want to learn if this powerful financial product is right for you?  Contact us today by visiting our website at:  www.moreyinsurancegroup.com, or click here to Contact Us