FINANCIAL
Savings, stocks, 401K and IRAs are just some of the options that you may have in your retirement portfolio as are annuities, IUL income builders, and IBC custom-built options.
The HFI Benefits Group – Maryland Agency team looks at insurance from a unique perspective – one that considers your family, your business, your possessions as well as the people who can help keep them safe.
Annuities
Annuities
IBC Whole Life Insurance
IBC Whole Life Insurance
Income Building IUL
Income Building IUL
Understanding Options In Your Legacy!
Annuities and Life Insurance options are one investment option in your retirement portfolio to consider. This is where you get to choose how to invest your money, typically with a lump sum, and the insurance company will make regular disbursements back to you for a specified period of time in a series of income payments starting either immediately or at some point in the future. Annuities and life insurance can be used in a variety of ways, including retirement planning and estate planning and for future generations.
Depending on how you would like this arrangement to be structured, these retirement income options could be structured to fit your needs for your future and for the future of your legacy.
Annuities
It's about your future and your legacy.
If you’re looking to build up your retirement savings, a fixed or indexed annuity can be a great option. You’ll be able to contribute tax-deferred earnings to this investment account and earn interest based on the performance of the underlying investments. And if you want income that can outlive you, a fixed annuity could be your best bet because it provides lifetime payments and a guaranteed death benefit for your beneficiaries.
Providing the opportunity to accumulate tax deferred earnings and providing a guaranteed death benefit that is backed by its claims-paying ability, a fixed annuity is an attractive part of any retirement strategy.
Annuities are a wonderful investment if:
- You’re in a higher tax bracket.
- Deferring additional income.
- Deductible limit on all your retirement accounts have been reached.
- Seek an alternative income stream for retirement.
- Seek a guaranteed way to stop loss in your investment portfolio from today’s market downturn.
IBC Whole Life Insurance
Plan for the unexpected so your family can be cared for.
As a personal financial tool, infinite banking is a great way to save money without having to worry about how much you have saved up. Infinite banking can be done under two different systems, which are known as the Adjustable Rate and Fixed Rate System. Both are designed to help you build wealth over time, even though it takes more discipline with the adjustable rate system.
An infinite banking concept is also a great personal financial tool because it’s like a savings account that pays interest. However, even though the interest rate for standard savings accounts with brick-and-mortar banks is low in comparison to other accounts, you can actually get a much higher return on your money by doing this. In concept, you are your own bank.
How IBC's can work for you:
- Medical bills
- Home improvements
- Debt
- Education
- Take time off work to care for loved ones
- Be your own lender for loans
- Be your own bank
- Job loss
Income Building IULs
Plan for the unexpected so your family can be cared for.
Index universal life insurance combines the tax benefits of life insurance with the potential earnings of an investment portfolio. Unlike other types of permanent life insurance that lock you into a single policy and level of coverage at the time it’s purchased, index universal life insurance allows you to change the amount of coverage for which you are insured each year.
Investing in an IUL is a unique way to grow your long-term savings. As cash value builds, insurance companies tie its value to a market index, like the Dow Jones Industrial Average or S&P 500. They use their chosen market to determine how much the money is worth at any given time — up to a cap that is normally somewhere around 10% to 12%.
How IUL's can work for you:
- Supplemental retirement income
- Achieve business goal
- Personal financial goal
- Retirement fund for a child
