Insurance

Insurance Planning

One of the best ways to enhance a retirement portfolio is to “insure” some level of income. Think of a pension, a monthly check that comes to you no matter what has happened in the economy, no matter how long you live. Do people worry about how much the total principal is that backs up their pension, or even where it is even invested? For the most part, they feel safe and relaxed knowing that the monthly check will come without fail. Did you know that a great number of these pension plans are actually backed with insurance products? Insurance companies have been the main providers of Americas pension plan systems for over a hundred years.

You have probably seen or heard about the dangers of life insurance or annuities. Caution needs to be taken when deciding which of the vast array of products available you should use. Unlike pension plans, we always want to use products that give us access to our principal and unlike pensions, we want products that when we die, the whole account value passes on to our loved ones. An especially important consideration is the choice of company, and even within the best companies, there are subtle differences between contracts that can make a big difference to you.

We at Waterstone are licensed with over twenty carriers, each carefully chosen for their product selection and financial strength. A regular reassessment of those carriers takes place to make sure the best of new product features are available to you.

Life Insurance and Annuities

Insuring your plan plays a vital part in protecting your loved ones. Two very effective ways of doing this are bu using Life Insurance and Annuities:

Life Insurance: mostly thought of as just providing money your survivors when you die, which of course it does. Though it is also a very flexible tool that should be part of almost all Financial Plans as it can also provide income during your lifetime. It can protect you assets and estate, as well as provide you with long term care insurance and bypasses probate this providing your family with an immediate source of cash after you die.

Annuities: can play an important role in your Financial Plan, especially for your retirement. They can be used to give you a steady stream of income throughout your retirement.

Insurance Products are offered through Waterstone Financial LLC. Insurance product guarantees are subject to the financial strength of the issuing company. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Insurance and Annuity product guarantees are subject to the claims paying ability of the issuing company, and are not offered by Global Financial Private Capital.