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Long Term Care

Design a plan to suit your individual needs. You have a choice of Home Care, Assisted Living or Nursing Home Care or a plan that combines them all!
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Investment Basics

What’s Your Investing Style?

Before deciding where to invest your money, you need to know how much risk is right for you.

In how many years do you expect to start using this investment?

What plans do you have for this money during the next 10 years?

How do you expect to use the money from this investment in the future?

How concerned are you about the value of your investments relative to inflation?

In case of an emergency, do you have savings equal to at least six months of your total monthly expenses that you can use, apart from the amount you will invest here?

What investment strategy describes you you feel... slow and steady is the smart way to get ahead or risk is the best way to lead the pack? Or maybe somewhere in between?

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Annuities

How Fixed Annuities Can Help Your Money Last

A fixed annuity is a tax-deferred investment tool that can help you accumulate assets for retirement. Like other annuities, fixed annuities can help provide the security of a lifetime income (if you choose that payout option).

But fixed annuities differ from variable and other types of annuities in the way your money accumulates. Your annuity contributions earn a fixed rate of interest that remains the same for a specific period of time. This means that your investment will receive an annual return and ensures that your money will be there when you need it.

The Basics

Depending on the fixed annuity you purchase, you may pay a single premium or have the option of paying periodic premiums to your annuity over time. When you make your initial purchase, the company from where you purchased your annuity declares a fixed rate of interest, which your annuity will earn for a specific period of time. At the end of that period, the company will declare a new interest rate. Generally these rates are competitive relative to current market conditions. Your annuity provider may also offer a guaranteed minimum interest rate, so your account will always earn some interest, no matter what is happening in the larger economy.

Some fixed annuity policies offer bonus interest during the first year of the annuity. Others reward investors who purchase a policy with a larger contribution with a better interest rate.

The interest your annuity earns is tax-deferred. This means that you don’t owe income tax on your investment earnings until you withdraw money—usually when you are retired. If your fixed annuity is part of a qualified investment plan (such as an IRA or 401(k) plan), you may also get a tax break on your contributions. Qualified plan investors can contribute pre-tax dollars to their annuity. However, there are limitations on the amount you can contribute annually. And you will eventually owe taxes on the money you contribute at the time you withdraw it.

Retirement Income

At some point—probably after you’ve retired—you’re going to want access to your money.

Annuity owners may choose to receive regular income checks (a process called annuitization). Your annuity will usually offer you one of several payout choices such as:

	Income checks for a specific number of years, such as 10 or 20 years;
	Income for the rest of your life;
	Income for the rest of your life and your spouse’s; or
	Income for the rest of your life with a specific number of guaranteed payments, and if you die prematurely, remaining payments to your beneficiary.

The amount of each check you receive depends on the payout option you’ve chosen, the amount of money you contributed to your annuity account, and the amount of interest your account is earning during the annuitization phase – when your money is earning interest.

Once you begin to withdraw money from your annuity, you will owe income tax on your annuity’s earnings*. But if you are no longer employed full-time, you are likely to qualify for a lower income tax bracket than during your peak earning years.

Or, rather than receiving regular income payments, you can simply make occasional or periodic withdrawals from your annuity. Keep in mind that this choice comes with a tax disadvantage. The IRS views all the money that comes out first as earnings, rather than as a combination of earnings and contributions. As such, that money will be taxed at ordinary income tax rates.

Early Withdrawals

If you need to withdraw money from your annuity prior to retirement, you may have access to it without paying a withdrawal fee. Most fixed annuity policies restrict withdrawals during the early years of your annuity. But after a period of time—usually between 3 and 10 years—you may be able to withdraw a portion of your account without incurring withdrawal fees. Typically withdrawal fees decrease the longer you own your annuity. Some fixed annuities allow you to withdraw funds without paying a withdrawal fee if you are confined to a hospital or nursing home. You will have to pay taxes on any earnings that are withdrawn*.

You may still have a few questions about fixed annuities. We can provide you with answers and help you choose a fixed annuity or other product that will help your meet your needs.

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They grow up before you know it.. Insure their education with early planning!

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The Florida Solution

We serve all of Florida's insurance needs. We can provide you with the information that can aid you in making informed decisions concerning your insurance needs. Our aim is to provide you with the level of coverage that you need at a price you can afford.

Security, Protection

and Peace of Mind

Start getting answers to your questions now. No matter what insurance you buy or where you buy it, ask yourself:

Why do I need this insurance?

What should I consider?

How do I choose the right company?

What are my coverage options?

What about discounts and savings?

That’s what insurance is all about. No one likes to think about “what if,” but you can help prepare for your future by being insured. Whether you’re looking to insure your home, auto, life or business, insurance can help protect you as well as your property. Give yourself peace of mind by making sure you’re covered.

Don't Wait Until You Have A Loss!

In today’s market you have a lot of options in choosing an insurance company but remember, not all insurance coverages or companies are created equal.

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