Safe Guard Retirement Planning, Arlington,
TX Senior Care
Insurance Services, Texas, California
The most common concern’s that
arise are:
How to keep money safe and
receive a competitive tax advantaged return
How to best plan the transfer of
assets to heirs after death
How not to lose everything to a
catastrophic illness
How not to outlive assets
Safe
Solutions For Seniors
Virtually all of the financial solutions that will be
recommended are issued by the legal reserve life insurance
industry. The reasons for this are numerous. First and foremost
is the safety of the industry.
Funds placed with a company are backed by the full faith and
credit of the insurance company. Therefore the rating of the
company is important. (see:
ambest.com)
Legal reserve refers to the
strict financial requirements that must be met by the insurance
company to protect the money paid in by all policy owners.
Most states, including California, have guaranty associations
that further protect individuals assets from any potential
loss.
Not since the depression have
there been any failures. Compare that to banks or stocks
or mutual funds with virtually thousands.
Amazingly one of the key reasons for the inconceivable
record of the life insurance industry, since the depression,
has been a great deal of government regulation.
It
is not surprising that the industry is so regulated because
it has been granted so many competitive advantages.
Income tax deferral is an
incredible benefit when deciding where to place long term
safe money
Probate avoidance can be
achieved with minimal planning and is another industry benefit
Income tax free proceeds at
death has always been a hallmark of life insurance when there
is a named beneficiary
Tax free income is possible
when following I.R.S. regulations using life insurance
Income tax deductible premiums
are possible for long term nursing care coverage
With these advantages it should not come as a shock that the
industry is so large and so safe. It would, however, come as a
shock if these advantages were not made use of by people of
all ages.
Safe Guard Retirement Planning, Arlington,
TX Senior Care
Insurance Services, Texas, California
