Insurance transfers the financial risk of life's events to an insurance company. A sound insurance strategy can help protect your family from the financial consequences of those events.
At Signature Financial Partners, we focus on life, long term care and disability insurance. With our open infrastructure, we have a wealth of insurance companies to work with to ensure you get the products and pricing that meet your specific needs.
Understanding the threat of estate taxes on your life insurance proceeds is the first step in protecting these funds from unnecessary taxation. The next steps are determining the appropriate ownership of your policy and selecting a proper beneficiary. Although there are other alternatives, a life insurance trust can help avoid potential threats to the policy’s proceeds.
Several factors may come into play that could undermine the financial security provided by the proceeds of your life insurance policy. Beyond estate taxes, there is the potential for probate, gift taxes, financial mismanagement, and misuse.
Proper planning is necessary to help avoid these threats.
We can help you develop a strategy designed to provide the income your heirs will need to maintain their way of life, as well as ways to help increase and preserve your hard-earned retirement savings and your independent lifestyle should you or your spouse need long term care.
You and your spouse are partners who depend on each other and have built a life together. So when you’re no longer there and your Social Security checks stop coming, how will it impact your spouse’s lifestyle?
As a survivor benefit, when one spouse dies, the surviving spouse receives the larger of the couple’s two Social Security checks. But that still means the loss of one check.
The more you know about Social Security, the better able you’ll be to make the most of your benefits. For answers to your Social Security questions, talk with your Signature Financial Partners financial professional.
A comfortable retirement is something to look forward to. It’s something you’ve worked hard for and earned. But there are a lot of decisions to be made, including one that can have an impact on the pension income you’re counting on for you and your spouse. That’s because with a defined benefit plan like the one provided by your employer, you must decide prior to retirement whether to take you full pension benefit and expose your spouse to a loss of benefits at your death, or to take less than your maximum benefit in exchange for providing income for your spouse after your death.
Many people go into retirement without ever knowing whether or not they have chosen correctly. But the more information you have, the easier it will be to make the decision that’s right for your family.
So first, consider these questions:
For help answering these questions and more information on Pension Income Alternatives please contact your Signature Financial Partners financial professional.
President & CEO