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Category: Insurance & Annuities

16 posts categorized as "Insurance & Annuities"

Did You Know There is a Financial Product That Can Offer Some Peace of Mind During Uncertain Times Like Now?

Mar 25, 2020

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

These last few weeks have demonstrated how connected our world is. In addition to the virus spreading, financial anxiety is also spreading across the land. While annuity products cannot make you immune from a virus, they can help relieve your financial anxiety by contractually guaranteed* products that can be designed to fit your needs.

When the market swings wildly as it has recently,

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Lifetime “Stretch” IRA Dies; Life Insurance Lives

Feb 27, 2020

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

The recently passed Setting Every Community Up for Retirement Enhancement (SECURE) Act, changes the post-death distribution rules for retirement account owners by requiring most beneficiaries to receive funds from their inherited account within 10 years after the original owner’s death.   This change mandates much faster distributions than what was previously allowed under the ‘stretch’ provision, which lets beneficiaries spread distributions over their own life expectancies. 

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Long Term Care Insurance Month – A Personal Story

Nov 27, 2019

By Joanne M. Welker, CFA, Senior Vice President and Manager, Advisory Services

When I read Dan Schulte’s blog last week about addressing Long Term Care denial, I was thankful my father didn’t experience such denial and it prompted me to want to share my personal long term care story with you –

My personal Long-Term Care Insurance Story

I first heard about Long Term Care insurance when I was in my mid-twenties and my dad was upset about the insurance company denying coverage on my mom. 

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September is Life Insurance Awareness Month: Are You Covered?

Sep 18, 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, paying bills, daily living expenses, or even sending a child to college?

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What is Your Long-term Care Plan?

Nov 15, 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 and those costs have risen 3.1% annually over the last 8 years.2 These potential expenses can be devastating to a legacy and/or a spouse,

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Protecting Your Most Valuable Asset…Your Income

Sep 20, 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 bills, daily living expenses, or even sending a child to college?

While the planning discussion surrounding death or disability is often uncomfortable,

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Fixed Indexed Annuities Growth and Safety in Retirement

Jun 18, 2018

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

For many retirees, the difference between a more secure future and a more uncertain one is the success of their retirement income strategies.  Fixed indexed annuities (FIAs) can offer individuals principal protection, a death benefit for beneficiaries, and in some cases a guaranteed lifetime income stream.  In addition, because annuities are tax-deferred, interest will compound without current tax.  

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Indexed Variable Annuities May Provide a Buffer from Loss

Jun 14, 2018

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 times is an Indexed Variable Annuity.

Indexed Variable Annuities (also known as buffered or structured annuities) are typically designed with a combination of variable and index-linked investment options that can balance both personal risk tolerance with growth potential as well as provide a protection of principal.

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Delay Social Security Not Retirement

Oct 26, 2017

By Dan Schulte, Vice President and Manager, Annuities and Insurance and
Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

If you are like most pre-retirees, you may be wondering: “When should I begin taking Social Security retirement benefits?”  Americans can begin receiving Social Security retirement benefits as early as age 62. However, beginning benefits at age 62 will result in receiving 25% less than what would be received at full retirement age (between age 66 or 67,

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Small Business Protection from Employee Death or Disability

Sep 27, 2017

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.  In a small business, each employee usually has a more direct effect on a company’s profitability due to fewer employees interacting with customers, creating products, and/or performing services.  As a result, the loss of a key employee due to death or disability is especially difficult for small businesses that rely more on a smaller number of people.

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