Tuesday, July 16, 2019

Planning Strategies for Business Owners

by Thomas F. Commito, J.D., LL.M., CLU®, ChFC®

Planning strategies featuring life insurance not only protect an owner’s business investment but also provide the owner with a source of supplemental retirement income. Life insurance can be used to create powerful employee recruitment and retention incentives. It is frequently used to facilitate business continuity by funding buy-sell agreements, equalize estates for family wealth transfer, and provide funds to pay estate taxes. With appropriate income tax structuring, a business owner may use business assets to provide valuable fringe benefits to the business owner and key employees.

This white paper from Lincoln Financial provides insight into these essential business strategies: business succession planning, protecting against the death of a key executive or owner, and executive benefit planning using life insurance for the owner and key executives. You’ll find detailed information to assist you in helping your business owner clients achieve their goals.

Tuesday, July 2, 2019

Insure the Risk of Alzheimer's and Dementia

According to SmartBrainAging.com, the diagnosis of Alzheimer’s or dementia has grown rapidly over the past 15 years. Deaths from Alzheimer’s have increased by 145% and every 65 seconds someone in the United States develops the disease.

Medicare does not cover long-term care, which is typically one of the largest
expenses for Alzheimer’s or dementia. If you qualify, Medicaid does cover long-term care like extended stays in hospitals or skilled nursing facilities. However, individual states run their own Medicaid programs, so you’ll want to contact your state’s Medicaid agency to find specific coverage information.

If you have clients that are saving for retirement, the odds are pretty good that they won't qualify for Medicaid, and since Medicare doesn't cover long-term care, what can you do to help them prepare for the high cost of care? 

Insure the Risk:  Today, there are many options to choose from that will help insure the risk and keep your clients' retirement savings intact. From traditional LTC and critical illness policies to hybrids that cover the cost if the need arises and pays out a death benefit to designated beneficiaries if doesn't. 

We can assist you in finding the right insurance solution for your clients. Give us a call at 888-774-4687 or check out our website at www.mvp4me.com

Source: http://www.smartbrainaging.com/

Tuesday, June 18, 2019

Take Advantage of June

Annuities are popular with investors who want to create guaranteed retirement income to last them the rest of their lives. Tell your clients what makes annuities different: 
  • Guaranteed retirement income means you can’t outlive your money.
  • Earnings on your savings can grow tax-deferred until payout.
  • Flexible payout options can provide you income when you need it.
  • Death benefit options help create a legacy for your beneficiaries.
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