Dan

September is Life Insurance Awareness Month: Are You Covered?

September 18th, 2019|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

September is Life Insurance Awareness Month which is a month-long public awareness campaign sponsored by the nonprofit organization Life Happens.

If the income you earn would suddenly stop, due to death, could your family continue to meet their financial obligations such as paying the rent or mortgage, […]

What is “Key Employee” Life Insurance?

September 17th, 2019|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

All businesses, regardless of their size, have key employees that are invaluable to the success of the company.  The death of an individual whose services are important to a business will almost certainly cause considerable losses and costs to the business. For example, some customers or […]

Longevity Risk: Live Long and Prosper

August 14th, 2019|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

In addition to the usual financial risks we have — such as inflation risk, market risk, and economic risk — there is another risk to confront in retirement…longevity risk. Longevity risk is the risk of outliving your retirement assets, due to an increased life expectancy. Often […]

Summer Saving Strategies: Protect Your Savings

July 24th, 2019|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Does the recent stock market volatility have you a bit jittery?  If so, maybe the purchase of a deferred annuity could help by providing downside protections for accumulation, income, and/or death benefit purposes.

Various type of deferred annuities exists, but basic structures include:

Fixed interest annuities offer a […]

Summer Savings Strategies: Indexed Variable Annuities May Provide a Buffer from Loss

May 22nd, 2019|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

There are times when stock market volatility leaves some investors worried about meeting their retirement goals. This has left many of these individuals seeking products that can provide downside protection with upside potential.  A product that can help give investors some degree of piece-of-mind in turbulent […]

Year-End Financial To Do: QLACs-Longevity Insurance that Reduce RMDs

December 14th, 2018|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Tax-deferred investments interest and investment earnings accumulate tax-free, until an investor takes constructive receipt of the profits.  Qualified retirement plans such as traditional Individual Retirement Accounts (IRAs) are tax-deferred, but investors should be aware they are not allowed to defer taxes forever.  Eventually, Uncle Sam is […]

What is Your Long-term Care Plan?

November 15th, 2018|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

According to the U.S. department of Health and Human Services individuals aged 65 and older have a 70% chance of needing care at some point in their lives.1 Also, it currently costs $102,930 annually for a private room in a nursing home in the United States […]

Scary Financial Mistakes: Becoming Disabled without Insurance

October 17th, 2018|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Disability is frightening, so much so that you might not want to think about it at all. However, becoming disabled without proper planning could make the burden of a disability even worse by resulting in a significant economic hardship for you and your family. The chances […]

Protecting Your Most Valuable Asset…Your Income

September 20th, 2018|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Is your family dependent on your ability to make an income now and in the future?  If the income you earn would suddenly stop, due to death or disability, could your family continue to meet their financial obligations such as paying the rent or mortgage, paying […]

Using Life Insurance to Fund a Cross-Purchase Buy-Sell Agreement

September 12th, 2018|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Often, small businesses struggle, and in some cases, go out of business when an owner dies. In addition, many businesses experience a decline in employment and sales for many years after that key owner passes away.  For these businesses, funding a buy/sell agreement with life insurance […]