Life Insurance
Life Insurance is often the financial foundation for many families.  An income tax free death benefit enables survivors to have the financial means to continue their current lifestyle and satisfy debt obligations.  Term insurance is frequently used because it provides the largest amount of benefit for the smallest amount of premium.  Term insurance often provides the best solution when obligations only last for a specified term of years.  Obligations that can be satisfied by term life insurance include mortgage payments, child rearing and education expenses and survivor income.  For more permanent needs whole life, universal life, or variable life insurance should be considered.  These plans may be designed to provide a lifetime death benefit.  Cash accumulates within the policy on a tax deferred basis and premium payments plus interest earnings on cash values are sufficient to keep a policy in force for a lifetime.  In some cases, a tax-free income stream can be provided by these policies to assist in supplementing retirement income.

For professional consultation, contact Bryan Boyle.

Disability Insurance
Income is the engine that powers most people’s standard of living. The loss of ability to earn a living can be devastating to an individual or family. Disability is one of the major causes of mortgage foreclosures and bankruptcy declarations. Protecting the wage earner’s income with disability insurance is essential for family security.

For professional consultation, contact Bryan Boyle.

Long Term Care Insurance
An increasingly popular benefit among executive personnel is Long Term Care (LTC) Insurance. In certain cases, an employer can tax deduct LTC premiums and the executive need not report the premiums or benefits as taxable income. It is rare to have this “mismatching” of premium and benefit taxation, particularly when it can also be accomplished on a discriminatory basis. To make LTC arrangements even more desirable, many carriers offer premium payment periods that end in 10 years or at age 65.

For professional consultation, contact Bryan Boyle.

Fixed Annuities
Fixed annuities are a reasonable option for many individuals. Carriers hold their fixed annuity’s internal rate of return for a specified period of time and income accrues on a tax deferred basis. The fixed rate is determined by the carrier based upon its projection of current market conditions.  Most fixed annuity contracts include a guaranteed minimum rate. Some fixed annuities can have their interest crediting rate tied to an index like the S&P or DOW subject to various policy conditions.

For professional consultation, contact Bryan Boyle.

The aforementioned material is a product and service listing and is not intended to be an offer for the sale of securities. Bryan Boyle is a registered representative and investment advisor representative of and offers securities and investment advisory services through Cambridge Investment Research, Inc.