The Financial Talker

3 Reasons Fixed Indexed Annuities are Safe

noreply@blogger.com (The Financial Talker) — Fri, 02 Jun 2017 02:53:00 +0000

3 Reasons Fixed Indexed Annuities are Safe

A Fixed Index Annuity (FIA) is a fixed annuity with an interest rate linked to the performance of a stock index, for example, the S&P 500.

A fixed index annuity allows you to participate in market gains according to your contract, while avoiding market losses if the market declines. Unlike a variable annuity, a FIA offers safety of principal and a guaranteed minimum return. Some fixed index annuities offer an up-front bonus as well.

Many fixed-indexed annuities have caps that limit your investment gains. Additionally, fixed-indexed annuities have a surrender charge, a penalty for making an early withdrawal above the free withdrawal amount. In most cases you’re allowed to withdraw 10% every year without surrender charges.

FIAs are designed to guarantee income, offer peace of mind and provide protection and that's why nearly 90% of annuity owners buy them and they protect contract holders from losing money.

As powerful a tool as FIAs can be for safe money return, what makes them so attractive is their ability to protect principle and simultaneously provide a guaranteed lifetime income stream, not to mention tax efficiency and upside potential without the downside risk.

No other financial product in the marketplace today does all of these things as efficiently as a fixed indexed annuity.

When to buy Fixed Indexed Annuities

People can always buy into a Fixed Indexed Annuity at any age. But if your money is tied up in a current company’s 401k, you still may be able to move it, as you approach 60.

You need to check with your employer to see if there is a provision to move your money into a self-directed IRA. There are no customer fees. The broker gets a one-time fee from the insurance company.

Fixed index annuities have the potential for market-linked interest without exposure to the market risk. Contract owners enjoy the guarantees and safety of principal even while being linked to market growth. However, they should not expect fixed index annuities to mirror the exact performance of any stock market indices.

The fixed index annuity is a powerful financial tool designed to meet your long-term retirement needs.

Contact MintcoFinancial Team Of Independent Advisors to review your financial situation and or see if Fixed Annuities are a "fit" for you.

Call us at 716 565 1300 or 813 964 7100

email us at info@mintcofinancial.com

Visit us at www.MintcoFinancial.com

2017 Are Annuities a good Investment?

noreply@blogger.com (The Financial Talker) — Mon, 08 May 2017 15:48:00 +0000

Are Annuities a good Investment?

It depends on your needs, and on the type of annuity.

It really depends on the situation.

From a financial standpoint, many people will say they are terrible.

However, they offer many benefits that may be overlooked.

A 2-3% return doesn't excite many people, nor does the potential to die before your benefits pay off.

However, it is tough to put a price on the freedom of a consistent payment showing up and a guaranteed income for the rest of your life.

Annuities have many different options, clauses, etc.

To make them work, you need to make sure you investigate all the fine print to make sure it benefits you specifically.

And make sure you don't get caught up in the most marketed one because annuities can have many little fees that eat away at your return - just like any other investment .

An annuity can work very well.

I find it most beneficial for someone who isn't willing or can't take the risk of a volatile market and is very content with a payment for life.

It is also great for anyone who has a large chunk of money to leave in the market, but would like a little guaranteed income insurance just in case.

For theses people, an annuity can basically be looked at as an insurance policy (which it is).

You hope to not have to use your health insurance, but it is sure nice when it is there.

What is an Annuity?

An annuity is a simple financial product where buyers hand over a large chunk of their money to an insurance company, which in return pays them an agreed income every year until they die.

Live a long life, and the annuity pays out more than the buyer puts in.

Die early, and the annuity provider pockets the profits.

Pooled across many buyers, the risks are reduced for the insurance company and buyers are given comfort that they won’t outlive their savings.

Why not just manage your retirement savings yourself?

Invest unwisely or spend too freely, and the money might run out.

Maybe one day people can distinguish a good annuity from a bad one in the same way investors—some of them, anyway—eschew expensive mutual funds in favor of low-cost index trackers.

In that world, buying an annuity, at least to cover the basic expenses that arise during retirement, will become a routine, uncontroversial decision.

Need 1-HOUR FREE Financial REVIEW? Need to understand if An ANNUITY will FIT your retirement Plan?

Call us in Buffalo NY 716 565 1300

Call us in Florida 813 964 7100

Explore our website at www.MintcoFinancial.com

Email us at info@mintcofinancial.com

9 Mistakes Retirees Do

noreply@blogger.com (The Financial Talker) — Wed, 01 Mar 2017 15:59:00 +0000

9 Mistakes Retirees Do

I will list 9 mistakes retirees keep doing and SHOULD STOP DOING for the health of their lives.

1.If you’re within 5 years of retirement, you should absolutely stop living without a budget.

MISTAKE: NO BUDGET

2. Begin tracking your expenses, review spending habits and patterns and start thinking about what expenses will be in retirement. Odds are you won’t start monitoring your spending more in retirement if you’re not doing so already. Start budgeting today and establish a baseline to build your retirement budget from.

MISTAKE: NOT TRACKING EXPENSES

5 years before retiring pay off your house, your car, meet your financial adviser to review your investments portfolio and review all your expenses, decide what to do with your social security.

MISTAKE: NO REVIEW YOUR INVESTMENTS

Stop telling yourself investment returns will pull you out of the fire. There is no product or investment formula that will cure your disease of not saving enough and planning properly.

MISTAKE: TRUST INVESTMENTS RETURNS WILL PULL OUT OF THE FIRE.

Stop investing so much money into stocks. Start thinking about diversification and retirement income.

MISTAKE: INVESTING ONLY IN STOCKS.

Stop taking on too much market risk. The 3 years leading into retirement and the first three years in retirement are the most crucial investment risk years as the sequencing of returns risk is very high. So consider dropping down your equity investments leading into retirement and increasing them again early in retirement if your plan can handle the additional risk and higher returns at that point.

MISTAKE: TAKING BIG RISKS ON INVESTMENTS.

If you’re within five years of retirement, you should absolutely stop checking your investment account balance every day/week. When you’re in the distribution phase of life, you can’t be worried about whether the market was up today or down last week. Ensure your portfolio is positioned properly and know where cash flow is coming from. Just because you’re retired doesn’t mean you need every dollar in retirement next month. A good portion of your portfolio likely still has a long-term time horizon. You care where the market is in seven years, not seven days. Start this practice now to reduce your anxiety and stress once you’re actually dependent upon your portfolio for your daily needs.

MISTAKE: WORRYING EVERYDAY ABOUT MONEY.

Stop worrying about whether you’ll have enough – at this point in time you either have enough or you don’t, and it’s probably too late to play catch up if you don’t have enough.

MISTAKE: AGAIN HERE, WORRYING ABOUT MONEY TOO MUCH.

Stop making work the center of your universe.

MISTAKE: THINKING ABOUT WORK. ITS TIME TO ENJOY LIFE!

CALL ME IF YOU HAVE QUESTIONS ABOUT YOUR RETIREMENT INCOME OR NEED A LOOK AT YOUR RETIREMENT PLANNING.

PHONE IN FLORIDA 813-964-7100

PHONE IN NEW YORK 716-565-1300

EMAIL ME at info@mintcofinancial.com

MY WEBSITE IS www.MintcoFinancail.com

2017 Fixed Index Annuities for Retirement

noreply@blogger.com (The Financial Talker) — Thu, 16 Feb 2017 23:01:00 +0000

2017 Fixed Index Annuities for Retirement

Fixed index annuities offer the guarantee of principal and the potential of market-linked growth, with no risk of losing principal due to market swings.

The fixed index annuities have the same features, benefits and guarantees as traditional fixed annuities plus the potential for you to earn greater interest credits.

Annuities are like pensions, most pension plans use insurance companies for their pension payouts.

With a fixed indexed annuity, you are guaranteed the safety of your principal, regardless of stock market fluctuations.

A fixed index annuity offers seniors an investment vehicle without this high-level risk. Like any annuity product, it is a contract between someone and an insurance company for a specific period of time. You pay premiums to the insurance carrier, and in exchange you are given certain contractual guarantees and are promised periodic payments in the future.

How Fixed Index Annuities are paid?

The premiums you pay can be in the form of a one-time lump sum, or a series of payments.

A fixed index annuity grants a minimum guaranteed interest rate, but what makes it unique is it is linked to an index. This connection offers the potential for higher earnings over time.

Questions you should ask when buying a Fixed Index Annuity

If you're looking at a fixed index annuity contract, consider asking the following questions:

•   How long is my annuity's term?
•   What is the contract's minimum guaranteed interest rate?
•   What is the participation rate? How long is it guaranteed for?
•   Is there a minimum participation rate?
•   Does the contract have an interest rate cap? If so, what is the cap?
•   Does the contract have an interest rate floor? What is it?
•   Is interest rate averaging used? How does it work?
•   Is interest compounded during a term?
•   Are there any fees within the contract? If so, what are they? How do they arise?
•   What indexing method is used?
•   What are the surrender charges if a contract is ended early?

There are many options for fixed index annuities out there. Like with any financial decision, it's best to take time to carefully educate yourself and plan.

Where to buy a Fixed Index Annuity?

There are thousands of different annuities available each with different features and benefits! Just like mutual funds or other investments, you must work with an advisor that has the access and special expertise of these annuities in order to get maximum results. Many banks and brokerage firms do not offer this investment style because it does not provide them with a lot of fees and commissions.

Located in Tampa, Florida and Buffalo,NY, Mintco Financial has specific expertise in Index Annuity strategies.

Mintco Financial Advisors do extensive research in this field and can provide you with information on Fixed Index Annuities.

Contact Mintco Financial at 813- 964-7100 or 716-565-1300

Email us at info@mintcofinancial.com

Visit www.MintcoFinancial.com

5 Best Reasons Why You Should Invest in a Fixed Indexed Annuity

noreply@blogger.com (The Financial Talker) — Wed, 09 Nov 2016 16:17:00 +0000

5 Best Reasons Why You Should Invest in a Fixed Indexed Annuity

Locked in Credited Interest

Each year, and with some products each day, the interest credited to the account is locked in based on the index performance. The S&P 500 index is often chosen.

Interest will be realized during years of positive index growth, but losses will not be incurred during years when the market performs negatively.

Tax-Deferred Growth and Triple Compounding Interest

This is an important principle that allows for the growth of the funds without paying taxes until money is withdrawn. Importantly, this means that interest will compound three ways.

Interest will be earned on principal, interest will be earned on interest, and interest will be earned on taxes that would otherwise come out if the funds were not growing tax-deferred.

Triple compounding interest allows for maximum growth.

Potential for Gains Without the Risk of Market Losses

A fixed indexed annuity is not an investment. Therefore principal is naturally protected since the funds are not invested.

Further, the diversification of index choices within a fixed indexed annuity allows for participation in market growth mirroring a major index like the S&P 500, Nasdaq, Dow Jones, etc, without any losses.

You won't capture all of the gains you could potentially capture in the market, but on the other hand, you won't have any losses either.

If we can eliminate losses on some or a majority of retirement funds going forward, you won't have to worry about investing so aggressively. The only time you need double digit gains is when you have double digit losses.

By eliminating the losses, four, five, six or seven percent will go a long ways.

Protection of Money Saved for Retirement

Although gains may be capped for years with positive growth(some products have almost 100% uncapped options), the peril of losing money when the market goes down is eliminated, creating a more secure retirement fund, more peace of mind, and guarantees knowing that no matter what happens in the market, principal is protected and income is guaranteed for life.

This allows you to spend and enjoy the rest of your retirement funds without the fear of running out, because your income needs are met for life.

Initial Deposit Bonus

Many fixed indexed annuities offer additional bonuses ranging from two to ten percent that are automatically credited to the account upon its inception.

A bonus product could get your funds working harder for you right away especially if your current funds are in cash or in a situation where account values are going down.

If the security of your hard earned retirement dollars by the elimination of market risk is important to you, the fixed indexed annuity can be a very important financial tool in your retirement income plan going forward.

As with any financial decision, it is wise to meet with an experienced financial planner to review retirement goals and expectations to decide whether or not this strategy suits your needs for retirement.

Questions About Fixed Index Annuities

How “safe” is a fixed index annuity?

A fixed indexed annuity is a contract between you and the insurance company that issues your contract. Fixed index annuities are subject to state insurance department regulation, which sets standards for the amount of reserves an insurance company must hold to make good on their promises. The annuity guarantees are backed by the financial strength and claims-paying ability of the insurance carrier. Each state's insurance regulator maintains jurisdiction over the insurance carrier and determines the specific amount and level of protection to which the individual consumer is entitled.

Someone told me that my annuity has fees. Is this true?

Yes, all insurance and annuity products have fees. Often, these fees are not transparent to you and are built into the pricing of the product and are instead reflected in the interest you can earn, the income payout rates, surrender penalties for early withdrawals and other contract elements. There may also be additional, specific fees associated with the purchase of additional benefits or riders if you elect them.

Aren't there other financial or investment options with unlimited growth potential?

Yes, there are; however, most of these options carry with them the corresponding potential for loss.

What is a fixed index annuity?

A fixed index annuity (FIA) is a fixed annuity that provides the opportunity for a guaranteed lifetime income and interest rate while preserving and protecting your principal. You do not pay income taxes on your premium or any interest earned until you take withdrawals or receive income. Unlike traditional fixed annuities, interest may be earned based on positive changes in commonly used financial indices such as the S&P 500 or the Dow Jones Industrial Average. Because the annuity you purchase is indexed, your premium and credited interest can never be lost due to market risk. Keep in mind, that early withdrawals beyond what is permitted in the contract may be subject to surrender penalties, which may reduce the amount of your principal and any interest earned.

Aren't there other financial or investment options with unlimited growth potential?

Yes, there are; however, most of these options carry with them the corresponding potential for loss.

How do I know if a fixed index annuity is for me?

There isn't a perfect financial tool. Consumers’ needs and objectives vary, but as a general rule it is often advisable to move towards more conservative products as they grow older. If you want unlimited growth potential and are willing to assume the investment risk, then a fixed index annuity may not be right for you. If you are concerned about protecting your principal and enjoying a conservative, competitive interest rate on a portion of your retirement savings, then it may be a fit for you.

www.MintcoFinancial.com

We are an independent financial services firm helping individuals like you to create a peace of mind and safe retirement income plan.

Our Offices are located in New York and Florida.

Contact us at 813 964 7100 or 716 565 1300

Visit our website for more info www.MintcoFinancial.com

Send us questions info@mintcofinancial.com

Life Insurance Low Risk Investment

noreply@blogger.com (The Financial Talker) — Sun, 09 Oct 2016 23:03:00 +0000

Life Insurance Low Risk Investment

Life Insurance is one of the most widely available and used financial products being used by people.

A growing number of investors are now looking at life insurance as an attractive way to improve returns and reduce risk in their portfolios.

Life Insurance is a good way to get fixed-income exposure.

Not all life insurance policies, however, will do the trick. Term insurance, for example, is generally only appropriate for addressing the need to protect against early death.

While term life insurance is by far a cheaper option, it only covers your death. One of the best perks of cash value life is you can borrow against the accrued investment value throughout your life, but isn’t hit with income tax. It is a clever way to pass some value onto your heirs without either side getting hit with income tax.

Permanent insurance, by comparison, provides the same protection, but also the option to accumulate investments inside the policy.

Insurance has been a smart investment for years.

Permanent life Insurance can also build up tax-sheltered savings that can subsidize retirement planning, and make portfolios more complete by offering steady balance.

Whole life insurance within a mutual company will produce 6 to 8 percent growth between interest and dividends during a down market, thus at times outperforming the market.

Life insurance is a low-risk asset

Life insurance for income generation works, and it works well, because we can eliminate so many other risks that you probably haven’t even considered.

But the biggest risk it eliminates is timing risk that can make or break your retirement prospects, all the while yielding better assets that can similarly reduce or eliminate this risk. For this, it deserves attention as a possible retirement income tool.

In the United States where most of us feel that the only option for us to grow our wealth, involves taking huge risks. That our only available option is to "white knuckle" it through the rolling waves of the stock market. And we somehow take solace in the fact that everyone is in the same boat. Well, guess what? It's not true! Not everyone is in the same boat!

The single most important rule of investing is simple — do not lose money!

How do you do that? You structure your portfolio so that it can stay above water and minimize losses, even when the market dips or when you’re wrong. And you model it on some of the smartest, savviest investors in the world that have proven track records of success.

Life insurance is complex, so before you use it for estate or retirement planning, discuss it with your Financial Advisor, who can make sure the features of a particular policy are right for you.

Life Insurance is an area of expertise for Mintco Financial, and we can custom-tailor a plan that meets all your goals and objectives. We look forward to assisting you.

Call us at 813 964 7100 or 716 565 1300

www.MintcoFinancial.com

How to get Immediate Fixed Income

noreply@blogger.com (The Financial Talker) — Thu, 22 Sep 2016 15:56:00 +0000

As people live longer than previous generations, they are more likely to run out of money before they run out of time on the earth.

An annuity is just one tool, just like balancing your money among a number of different investments, but the key to wealth is to develop good savings and spending habits.

A Single Premium Immediate Annuity can provide a reliable paycheck once a regular paycheck is gone.

A Single Premium Immediate Annuity provides a consistent income stream that helps pay monthly bills in retirement.

You give an insurance company a single lump sum of money and they give you a paycheck for life, or longer, depending on the payout option you select. Annuity income can supplement Social Security benefits, income from investments, and retirement account distributions.

Fixed SPIAs make retirement planning easier in exactly the same way that traditional pensions do: They’re predictable.

An annuity is an investment that provides a guaranteed income stream for a set period of time or for the lifetime of the annuitant.

While annuities may not be for everyone, for those trying to find a way to guarantee income in retirement Immediate Annuities may be the answer.

The monthly payout you receive when you buy an immediate annuity depends on your age, sex and prevailing interest rates.

An immediate annuity may be right for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time.

Payments can be scheduled to supplement income from Social Security, a pension or a 401(k) plan.

Annuity Income: Is It Safe?

Because the income from an annuity is backed by an insurance company, financial advisors and financial literature usually refer to it as “guaranteed.”

To assure that the annuity's monthly payments will arrive uninterrupted for the rest of your life, you will want to buy only from insurance companies that receive high financial-strength ratings from firms like Standard & Poor's and A.M. Best.

For an additional measure of safety, diversify—both by spreading your money among annuities from two or more highly rated insurers and by limiting the amount you invest with any single insurer to the coverage limits of the life-insurance guaranty association in your state, typically $100,000 per insurer.

Meaning even if the issuer of your annuity does go bankrupt, you aren’t necessarily in trouble. Each state has a guarantee association (funded by the insurance companies themselves) that will step in if your insurance company goes insolvent.

Contact me for more information or if you have questions

My phone is 813 964 7100 or 716 565 1300

My email is info@mintcoFinancial.com

Visit my website www.MintcoFinancial.com

I have helped many retirees with their financial goals. Currently I have an office in Buffalo NY and Tampa Florida to assist you better, but can answer all your questions through email.

Contact me info@mintcofinancial.com or call me 716 565 1300

Whole Life Insurance Investment

noreply@blogger.com (The Financial Talker) — Wed, 24 Aug 2016 21:16:00 +0000

How to use Life Insurance as a investment

Life insurance can play a significant role in your estate plan as it provides a solution to a wide range of potential objectives. In general, life insurance serves one of two purposes:

either to create an estate for your heirs or,
to preserve your existing estate.

Generally, life insurance premiums are not tax deductible but the benefit paid to the estate (probate may apply) or a beneficiary (probate would not apply) is also not subject to income tax.

Most of us want to grow and preserve our assets so that we can retire comfortably, create a legacy for our heirs, and perhaps support charity. Many of us try to achieve these goals by investing in stocks and bonds, and possibly owning real estate.

Reasons to buy Life Insurance:

It offers the ability to leverage your money. When you buy permanent life insurance, you are paying a discounted price today to buy money in the future. For example, a healthy 65-year-old may pay $300,000 today so that her kids will receive $1 million upon her passing. When you buy life insurance inside of a properly structured trust, you can accomplish even more: The money you put in will reduce the size of your estate, and the eventual death benefit will be passed to your heirs income and estate tax-free.

The death benefit is often fixed and guaranteed. There is a lot of value to the word “guarantee.” How often do you buy an investment and know exactly what your return will be in the future? Not often. Take your stock portfolio as an example. History may tell you that you’ll average a 6% or 7% return each year, but that’s really not how it works. Some years, you’ll be up 10%, some years, you’ll be down 30%. You need a strong stomach, good timing, and the ability to tolerate lots of risk if you’re going to invest in stocks. Life insurance eliminates this undesirable aspect of investing because it tells you exactly how much future money you are buying with today’s dollars.

Life insurance policies have the ability to generate tax-free cash in the future. There are various ways you can access the money inside your life insurance policy. Many people don’t tap it at all and simply pass the proceeds along upon their death. However, policies that have been in force for many years can be borrowed against, creating a tax-free stream of income that can be used for retirement, paying college costs, or anything else. There are some guidelines provided by the IRS, so please ask us about how you can enjoy tax-free income in the future.

If you need more information or a quote Apply HERE!

Call us at 716 565 1300

Email us at info@mintcofinancial.com

How to convert term to whole life

noreply@blogger.com (The Financial Talker) — Fri, 12 Aug 2016 15:04:00 +0000

As long as you've purchased a convertible term life insurance policy you can convert your Term Life Policy to a Whole Life Policy.
Keep in mind that convertible term life insurance usually has a conversion deadline, which is the date by which you must convert.
And when you do convert your policy, you can expect your premiums to increase as you'll have permanent and not term insurance.
The new premiums will be based on your age; this may be either your current age or the age at the time you took out the policy (an original date conversion).
If you convert to your original age, you'll have to pay all back premiums and interest when you convert. The good news is that you won't have to prove your insurability (e.g., through medical exams) at the time of conversion.

What Is Whole Life Insurance?

Whole life insurance is an insurance policy that you pay into for your entire life. It does not end after a certain number of years and as long as you continue to pay your premiums your loved ones will receive the benefit when you die.
It also allows you to cash out the policy and then take the money that has been invested and use it for other things. The rate of return on these benefits is lower than other investments.
The premium costs are higher than term life insurance.

What Is Term Life Insurance?

Term Life insurance is life insurance that covers a specific period of time. Generally, either ten or twenty years, but you can find other terms for the policy.
You will pay the premiums for the length of the term, and if you die your loved ones will receive the policy amount. If you do not die during the term, when the term ends, you do not receive anything.
However, the cost of insurance is much lower than what you would receive in a whole life policy.
You may convert your term life insurance policy into a permanent life insurance policy at any time.
Depending on the conversion options, the ability to convert to permanent life insurance without providing proof of health can expire as early as age 65 or 70. The premium will be calculated based on your age at the time of conversion.

If you're interested in converting your term life insurance policy or even just considering it, we encourage you to contact us. We will go over the permanent products available to you and design a policy specifically for your needs.

Call us at 813 964 7100 or email us at info@mintcofinancial.com

www.MintcoFinancial.com

FREE QUOTE TERM LIFE INSURANCE HERE

3+ Benefits Life Insurance in Retirement

noreply@blogger.com (The Financial Talker) — Wed, 10 Aug 2016 13:47:00 +0000

3+ Benefits Life Insurance in Retirement

Strategies and benefits of Life Insurance in Retirement:

Whole life insurance: You can borrow against the policy up to the amount of cash value you’ve accumulated without taking a tax hit. If you’re receiving dividends, you won’t owe any taxes on them unless they exceed the total amount of premiums you’ve paid. As long as you’re careful about much you borrow, you can use a whole life policy as a steady source of income in your golden years. Technically, loans against cash value don’t have to be repaid but you should keep in mind that any death benefit payable to your beneficiaries is reduced by the outstanding loan balance when you die.

Surrender a Whole Life Policy and convert to a life annuity. Many insurance companies will allow you to surrender a whole life policy and use the cash value to purchase a life annuity. This can be an effective retirement income strategy if the conversion does not trigger a significant tax obligation. Check with your agent to see if this will work for you.

While multiple strategies exist, an Insured Retirement Plan (IRP) offers an opportunity for a life insurance policy to be the security upon which a loan is collateralized. An IRP allows individuals to fund a permanent life insurance policy over its base premium. At retirement, an annual line of credit is established against the policy where the maximum loan percentage is linked to the type of investment within the policy. For instance, if it’s a universal life policy primarily invested in equities, the maximum loan is typically limited to 50% of the cash value. If it’s a fixed income policy, the percentage can increase to 90%. The primary benefit of this strategy is that the earnings on the money placed within an insurance plan and a loan provided from it are both considered non-taxable.

Many already have a term life insurance policy in place to protect their families should they pass away. As they approach retirement, this insurance policy can be converted into something more permanent and proactive like an IRP. Many fear debt in retirement and the burden it may place on their loved-ones when they pass. However, it should be noted that the death benefit paid out from an IRP safeguards against this as the loan is never permitted to exceed the cash value of the policy.

Let's start a conversation today and get ready to “live long and prosper.”

Contact me at info@mintcofinancial.com

Call me at 813 964 7100

Contact Form

www.MintcoFinancial.com

Best No Exam Life Insurance for Seniors over 80

noreply@blogger.com (The Financial Talker) — Tue, 09 Aug 2016 03:20:00 +0000

Although many people who apply for life insurance are easily able to qualify for the coverage that they need, there are others who, for one reason or another need a no medical exam life insurance policy because they may not be able to obtain the insurance protection that they are applying for and must instead consider other options.

With this type of a plan, the applicant will be guaranteed approval for the coverage they are applying for. One reason for this is because a no medical exam life insurance policy – as its name implies – does not require that an applicant to go through a medical examination as a part of its underwriting process. This means that there is no need to meet with a medical professional for the purpose of obtaining a blood pressure or a heart rate reading, nor does the applicant need to provide a blood or a urine sample.

FREE LIFE INSURANCE QUOTES FOR SENIORS OVER 80 HERE

While there is no medical exam to contend with on these types of policies, there can be certain questions that an applicant needs to answer in order to be qualified for the coverage. For instance, if an individual is applying for a simplified issue insurance policy, there will be some general health related questions that are asked in order to determine the applicant’s overall insurability. The answers will also help the life insurance underwriters in coming up with an appropriate amount to charge the insured for the policy’s premium.

The questions that may be asked of an applicant for a simplified issue life insurance policy may include some or all of the following:

Are you a smoker?
Have you been diagnosed with HIV / AIDS?
Do you currently reside in a skilled nursing home facility?

"No exam" does not mean that they will always approve coverage. It simply means that they will cap the amount you can buy at no more than about 400K depending on the carrier, omit the exam, scan for prescriptions or other mortality indicators, and then move to approval where it is feasible to do so. When seeking no exam life insurance, it is a good idea to disclose as much as possible to your advisor so that your expectations may adjust to reality- and so that you avoid disappointment.

Dis-Advantages of No Medical Exam Life Insurance :

Price – You pay a lot more for a no medical exam life insurance policy vs. a fully underwritten policy.
Coverage Limitations – Coverage amounts are typically limited to less than $500,000.
Underwriting – If a health condition is involved, underwriting may be more difficult with a company that does not require an exam.

The general rule of thumb is that if you don’t mind a brief paramed exam and have 6-8 weeks for underwriting, a fully underwritten life insurance policy offers more affordable life insurance to you than no exam insurance.

GET A FREE LIFE INSURANCE NO MEDICAL EXAM SENIORS HERE

Call us at 813 964 7100

Email us at info@mintcofinancial.com

Best Term Life Insurance for Type 2 Diabetes

noreply@blogger.com (The Financial Talker) — Tue, 09 Aug 2016 02:51:00 +0000

Diabetes is a condition where the blood sugar level is higher than normal. There are two main types of diabetes; Type 1 diabetes or insulin-dependent diabetes.
It is commonly seen in young people.

TYPE 2 DIABETES

Type 2 Diabetes describes inadequate secretions of insulin, with or without insulin-resistance, resulting in abnormally high glucose levels. 85-90% percent of all diabetes sufferers have type 2.

The onset of symptoms typically occur after the age of 40, but increasingly, predisposed individuals with high risk factors such as obesity, lack of exercise and poor dietary choices are receiving diagnoses well before this age.

Type 2 can be managed in a variety of ways, from a change in lifestyle to include regular exercise and a dietary plan, oral medication, and finally, insulin injections. If the disease progresses, medical management of the associated conditions of diabetes will likely form a major part of the care plan.

Type 2 diabetes - most of the time this is non insulin-dependent. It is most commonly seen in adults over 40, and overweight people.

Besides the standard questions insurers ask everyone to gauge their risk (age, occupation, household income, etc), there are 7 factors that become more important when you are a diabetic.

These are:

Your diabetes type
The onset age of the disease
Your family history
Your HbA1c readings
Type of treatment
Your height and weight
Your general health

Everyone who applies for life insurance, whether diabetic or not, will be asked general health questions.

You may be asked about high blood pressure, your cholesterol levels, and whether your diabetes has had any complications.

Information from your GP here can be very valuable.

Every life insurance company has their very own set of underwriting guidelines they follow. Underwriting for life insurance is not an exact science.

It is important to utilize an independent life insurance agent if you are an insulin dependent diabetic . Independent agents have access to multiple life insurance carriers which gives them the ability to shop the best rates. Plus, a diabetic on insulin is a bit more complex when is comes to getting your application approved with a top rated company.

A medical exam and an attending physician’s statement will be required in order to qualify for traditional life insurance (Fully underwritten).

Please feel free to reach out to us if you have any other questions about life insurance for insulin dependent diabetic.

We are happy to assist and there is never any obligation.

You can contact us by phone at: 813 - 964 7100

Email us at: info@mintcofinancial.com

Compare Life Insurance for Diabetics HERE!

Best Life Insurance for elderly parents

noreply@blogger.com (The Financial Talker) — Fri, 24 Jun 2016 16:31:00 +0000

There are many different types of insurance, and which one is best for your parents depends on a lot of factors, including their age and medical condition. There are some general guidelines that can be applied, and your options will vary according to state and company specific rules as well. Which type of policy is best for your needs will vary according to what you are trying to accomplish, but there are a number of options available.

Final expense insurance is available and specifically marketed to people over 50. This type of policy does not require a medical examination, and has low monthly payments. The payout is typically low, and in some cases you may have to name a funeral home as the sole beneficiary. If the main concern is paying for the funeral plot and other burial costs, this type of policy is affordable and designed for the purpose.

Need a quick quote? Compare quotes for life insurance for seniors?

Compare now! CLICK HERE TO GET THE BEST QUOTE

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Call 813 964 7100

Mintco Financial Team of Independent Advisors can help you select the best policy for your needs.

How Immediate annuities work in California

noreply@blogger.com (The Financial Talker) — Fri, 24 Jun 2016 02:28:00 +0000

Can you get an income until you die from an immediate annuity? Yes, you can. In this case, you would want an immediate annuity with “Lifetime Withdrawal Benefits”.

Depending on the type of immediate annuity (fixed or variable), the amount that you receive with an immediate annuity will be either a steady amount, or change from one month to another. Generally speaking with this type of annuity, you make one relatively large lump sum payment at the beginning. Once you have made your initial investment, you can choose to start taking money immediately, or have the payment begin at a specific date in the future less than one year away from your first payment.

Unlike any other type of annuity, the payout on an immediate annuity with Lifetime Withdrawal Benefits is heavily dependent on your age and gender.

Immediate annuities do provide the highest contractually guaranteed payout for “income now” situations.

Immediate annuities are the original annuity design (i.e. Roman times), and are still the most simplistic and transparent solution for income now needs.

An immediate annuity has no accumulation period. The income payments start no later than one year after the premium has been received by the insurance company.

The main purpose of immediate annuities is to protect against "longevity risk," or living so long that you run out of money.

If you have more questions please email us at info@mintcofinancial.com

Call us at 813 964 7100 or 716 565 1300

www.MintcoFinancial.com

Life Insurance for Non Resident in USA

noreply@blogger.com (The Financial Talker) — Fri, 17 Jun 2016 02:28:00 +0000

Non-Resident Aliens:

Usually, only those assets located in the U.S. are subject to federal estate and gift tax. But Non Resident Aliens are allowed a $13,000 tax credit, which only protects the first $60,000 of an estate from estate taxes.

How U.S. life insurance solves problems

Since purchasing life insurance in many foreign countries can be expensive and uncertain, U.S. life insurance has a strong appeal to foreign nationals. Here’s how it can help solve critical problems:

It can provide the necessary liquidity for paying for a U.S. estate, while enhancing an estate plan, if necessary.
Helps avoid the need to sell assets, perhaps at a discount, in order to meet estate tax obligations.
Serves as a way to transfer additional funds to a non-citizen spouse.
Non-Resident Aliens can own life insurance on their own without the complication of setting up a third-party trust or some other legal entity, and the death benefit will not be subject to U.S. estate taxes.
Life insurance-based estate plans can be modified to fit changing client requirements.
There is tax-deferred cash value accumulation.

If you want to speak to one of our specialists in life insurance for foreigners please call us at 813 964 7100 or email us at info@mintcofinancial.com

Get a free quote Life Insurance Quote HERE!

We speak Portuguese.

Whole Life Insurance for retirement planning

noreply@blogger.com (The Financial Talker) — Sun, 05 Jun 2016 01:54:00 +0000

Call Mintco Financial NOW for a quote 813 964 7100

www.MintcoFinancial.com

People you went through the Great Depression know who to trust and who not to.

At that time, banks were literally going out of business on a daily basis – 40%+ of all banks would shutdown.

They were not able to give people their own money back – and forget about the stock market. In October of 1929, the stock market suffered severe losses. It plunged over 22% in just a few days.

But this was only the beginning. Over the next several years, the Dow Jones lost nearly 90% of its value, and it took 22 years to recuperate its value.

The only financial institution that remained virtually unscathed was Life Insurance Companies – but we forget about it so quickly!

Owners of life insurance policies didn’t lose any money in the Great Depression, and they haven’t lost money since.

There's a reason family dynasties have been using life insurance for generations to grow and protect their wealth.

Even when subject to estate limits, these death payouts go a long way toward promoting the tax-free, inter-generational transfer of wealth.

One of the more popular uses for cash value life insurance

is to save for your retirement.

Cash value life insurance refers to a wide variety of

insurance policies that provide both a death benefit and

the accumulation of cash value over a period of time.

Cash value life insurance can range from a traditional level

premium whole life policy to a single premium whole life

policy to a universal life policy to a variable life insurance

policy or a variable universal life policy.

In today's insurance marketplace, there are a wide variety

of cash value life insurance policies that a consumer can

buy.

Many people use a cash value life insurance policy to save

for their retirement and to provide a death benefit to their

beneficiaries.

If you have questions please contact us :

Call us at 813 964 7100 or 716 565 1300

Email us at info@mintcofinancial.com

www.mintcofinancial.com

Top Fixed IUL’s and Annuities

noreply@blogger.com (The Financial Talker) — Sat, 28 May 2016 22:49:00 +0000

Call Mintco Financial NOW to review your portfolio: 716 565 1300

Those nearing retirement may need to consider moving a portion of their savings to fixed/guaranteed options offered by Life Insurance companies, such as an Indexed Universal Life plan. It’s also a great option for those looking to start saving today.

Fixed IUL’s and Annuities tend to offer guaranteed returns with no potential risk from Market Loss. An Indexed plan offers the leverage of higher interest rates during Market Rises, yet protection from Market lows.

Like an Indexed Universal Life product (IUL) the capital income you input into an Annuity can not be “lost” during a stock market crash or down swing. If the market crashes your money remains untouched, in your account, and the interest rates for that year will drop to 0%. This is because your money is “following the market” but not invested in the market This is a great feature for those whom are nearing retirement and do Not want to experience their hard earned income has vanished in a market crash.

IUL are long term investment and when properly funded will grow their money off the historical rises in S&P 500.

Fixed Indexed Annuities offer the safety of A-rated life insurance companies and the contractual guarantees of a fixed annuity, and they provide the upside potential of various markets (stocks and bonds). They have the additional benefit of offering tax-deferred gains.

Indexed Universal Life also offers the safety of A-rated life insurance companies and the contractual guarantees of fixed universal life insurance, and it provides the upside potential of various markets (stocks, bonds, real estate and commodities). IUL also offers the potential for all gains to be tax free. What many investors are surprised to learn about IUL, is that it can be structured to be 100% liquid (with no surrender charges), the cost of the death benefit can be less than the cost of mutual funds, and the historical return for some of the indices (plural of index) has been higher than the underlying market indices—all with no market risk and no taxes. There is no perfect asset, but this may be the ultimate asset.

Look at it this way: you insure your house, cars and other assets—maybe it’s time to insure some of your portfolio with guaranteed indexed accounts.

Questions? Need a quote? Schedule an appointment?

Email Mike Minter at info@mintcofinancial.com

Call 813 964 7100 or 716 565 1300

www.MintcoFinancial.com

Whole Life Insurance for retirement income

noreply@blogger.com (The Financial Talker) — Fri, 20 May 2016 20:27:00 +0000

"My spouse and I(both 45 years old) invested in a whole life policy last year with Mass Mutual and are investing roughly $5000 per month. We were recently told by our accountant that we should never have gone with Whole Life and should eat the losses and get out now and put our money into term and mutual funds. Can anyone tell me if it is worth losing the $68000 we've already put into it and go elsewhere. Should we dump one policy and keep the other? Or stay where we are. We are embarassed that we went into this without educating ourselves first."

Best answer:

"Its amazing to me that an accountant would advise you of what to INVEST in when that isnt really his area of expertise. Given the state of the market you have to wonder what HIS portfolio looks like given how he dismisses an INSURANCE and tells you to "invest" your money somewhere else.

Here are facts about the policy you have

7%+ dividend

Guaranteed cash value growth

NO RISK TO YOUR CAPITAL

Death Benefit that is MULTIPLES of cash put in

Tax free growth and TAX FREE WITHDRAWLS

First and foremost its an INSURANCE which means in case things happen....youve put in 2500 a month in on each policy which leads me to believe its somewhere around a 2-3 million dollar policy depending on your health

Will a mutual fund pay you a millions of dollars if your husband dies while you have maybe 100-200K invested with them? No

There are IRS rules in place which make certain functions of a whole life policy mandatory (cant overfund it, have to take "loans" vs straight cash etc.) Look at the policy....notice that mathematically if you pay your premium to age 100 it matches the initial death benefit face amount.

Upon closer inspection youll notice that your face amount is much smaller than the actual death benefit which will increase with yearly dividends

Case in point I ran a general 45 old male 1mil face amount policy to age 100 - 20K a year premium - by age 70 his cash value is 810k and his death benefit is 1.6mil with a dividend of about 31K and rising each year as equity builds. This guy has put in 488K in and has a death benefit of almost 4 times that should something happen AND can pull the cash out TAX FREE to supplement his retirement as he sees fit...whether thats the dividend amount or whatever he decides he needs....tax free

ZERO RISK with 1mil protection from day one and growing yearly for life...by age 100 there is a death benefit of 4.6 million tax free.....people who "buy term" cant buy term when they really need it and rarely ever actually invest to reach these goals anyway...Mass offers convertible term for those who cant afford the proper whole protection in their younger years....but imagine NOT having whole life in place and developing a medical condition that no one will write term for? What then? Its INSURANCE not Vegas.....the IRR is like 5.5% or better depending on dividend rates which have been as high as 12% some years....mostly hovering around 8% over the last decade

Whole life is about guarantees which no one else will give you.

Its another asset class that is a solid foundation for more aggressive strategies. Its an instant estate.

Please call your Mass rep and go over the policy again so you can understand it. In year 10 your cash value will about equal your premiums you have paid in...if you still feel the same for whatever reason you can cash then - its NOT an investment....investments involve RISK....this is guaranteed for life NOT a gamble."

By integrating whole life into your overall retirement strategy, you are given the unique combination of having the freedom to spend your retirement assets how and when you want while putting in place a secure legacy plan for your loved ones. Being able to maintain your accustomed lifestyle into your retirement years and even increase your post-retirement income without worry is the ultimate goal.

Need more information? Questions? Review your retirement portfolio? Build your retirement plan?

Contact Mintco Financial Team of Independent Advisors in:

New York-Buffalo 716 565 1300
Florida-Tampa 813 964 7100

Email info@mintcofinancial.com

Get a quote for Life Insurance

How whole life insurance can be an investment for retirement

noreply@blogger.com (The Financial Talker) — Wed, 11 May 2016 02:17:00 +0000

Call Mintco Financial NOW for a quote 813 964 7100
www.MintcoFinancial.com

A properly designed whole life insurance policy can be an effective way to accumulate additional funds for retirement because it offers:

1. Principal protection guarantees of your money.Your cash value isn't subject to market losses, as it is with mutual funds and other programs. When the stock market tanks again (and it's never a question of if but when), you won't lose a dime.

2. Guaranteed growth of your money every year. This will be interest-rate-driven based on the economy, but your account will move forward every year regardless of what the market does. This is compound tax-free growth and not the "average rate of return" you get with mutual funds. To be fair, in our current low-interest-rate environment, the growth rates are only in the 2 percent to 4 percent range but as you study further you start to realize the real wealth is not in the growth rate even when rates go higher.

Many financial advisers will tell you that your money would do better in a good mutual fund. But remember: When someone shows you an "average rate of return," they can start taking that average from any time that benefits their example. This is not compounded growth but rather a factor of timing as to when you enter and exit the market. The stock market has wild swings; if that is acceptable to you, you should have much of your money in stocks. If not, maybe it's time to consider a different way to think about investing. (Remember the period from March 2000 to October 2002, when the Nasdaq lost 78 percent of its value? It's been 14 years since the dot-com bubble started to pop, and the tech-heavy index still hasn't quite recovered to that level. If you like guarantees and stability then you have no business putting most of your money in the stock market.)

3. Dividends paid to policy owners are not taxable. Dividends aren't guaranteed, but many reputable life insurance companies have been in business for more than 100 years and they've paid out dividends every year. The amount of that dividend will depend on several factors, but it boils down to how much profit the insurance carrier made. When properly paid to the policy owner, those dividends are not taxable.

The most retirement-relevant life insurance policy is whole life and its close relatives in the insurance industry. These policies invest your premiums and increase in cash value as the policy ages. One benefit of whole life growth is the cash value grows tax deferred, and in some insurance products it grows tax free. The IRS does not require you to settle taxes until the policy is surrendered, so get the optimal growth by allowing the whole life policy to age tax deferred or tax free until you need the income. Then, surrender the policy.

A whole life policy can add a conservative element to your retirement income strategy that may help you weather the inevitable market downturns that occur over time.

Because whole life policy cash values do not fluctuate based on market conditions, they may offer an alternative source of tax-advantaged supplemental retirement income at a time when your other retirement assets have declined in value.

The Magic of Dividends

There is one variable that can actually help the whole life policy to perform better than projected. Mutual life insurance companies pay dividends to their policyholders from their profits, just as many stock companies pay dividends to their stockholders. These insurers are called "participating" life insurers. Dividends are not guaranteed, however, many of the top life insurance companies have a very good track record of paying dividends consistently and in increasing amounts.

When a dividend is paid on a whole life policy, the policyholder has a few choices as to how to apply it:

Purchase Paid Up Additions: The dividend can be used to purchase a small amount of paid-up life insurance. This small block of paid-up insurance is added to the death benefit and it also has a cash value portion with is added to the accumulation account. Adding blocks of paid-up insurance each year will have a compounding effect on the growth of the cash values. It also serves to increase the face amount of the death benefit each year. The best performing whole life policies have the potential to be fully paid up after a period of time.

Reduce the Premium Payment: Another way to apply the dividend is to use it to pay the premium. In the early years of the policy, the dividend may only cover a portion of the premium. But, as the size of the dividend increases, it is possible it can eventually cover the entire premium payment.

Take it or Accumulate it as Cash: Finally, the policyholder can simply take the dividend as a cash payment or leave it to accumulate in separate dividend account where it doesn't affect the performance of the policy.

If you have questions or want to know more about whole life insurance as part of a retirement planning call us at 813 964 7100 or 716 565 1300 or email us at info@mintcofinancial.com

Visit us at www.MintcoFinancial.com

Need income for life besides SS

noreply@blogger.com (The Financial Talker) — Sun, 24 Apr 2016 20:54:00 +0000

Contact Mintco Financial TODAY to review your finances: 813 964 7100

www.MintcoFinancial.com

In today’s world of disappearing company pensions, questionable Social Security and market volatility, annuities are powerful tools that should be seriously considered as part of anyone’s retirement plan. With the proper due diligence, an annuity can make the dream of guaranteed income for life a reality.

Before purchasing any investment, investors should use caution - so let's give indexed annuities a break already. Without a doubt, some are much better than others. It's very important for annuity buyers to seek out those contracts with favorable caps, spreads and participation rates. However, these accounts offer reasonable rates of return, tax deferral if desired and lifetime income... again if desired. They are all very flexible in order to meet investor's needs. And quite innovative as well.

The main difference between variable annuities and fixed annuities is that a fixed annuity protects your principal from stock market losses, while a variable annuity can lose value when the stock market declines.

A fixed indexed annuity offers a guaranteed minimum rate of return or the return based on an underlying stock index such as the S&P 500, whichever is higher.

Fixed indexed annuities also provide the contractual promise of guaranteed lifetime income much like a good-old fashioned pension. An immediate annuity provides an immediate income stream with no access to principal in the future.

Be clear on what you're buying and whether it aligns with your goals.

Some annuities have up to 10-year surrender periods, and high penalties if you want to get out of the investment sooner.

If you have questions please contact us at info@mintcofinancial.com or call us at 813 964 7100 or 716 565 1300

www.MintcoFinancial.com

Mintco Financial is an independent advisory company based in Tampa Florida nd Buffalo NY.

Life Insurance for heart disease patients

noreply@blogger.com (The Financial Talker) — Thu, 14 Apr 2016 13:59:00 +0000

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Call 716 565 1300

To get a traditional life insurance policy, you will usually need to answer a medical questionnaire and undergo an examination before being approved. If you have a pre-existing condition like heart disease, it can be difficult to get life insurance, but there are options available.

What options are available for people with pre-existing conditions?

Depending on the severity of your condition, there are many types of life insurance you may qualify for:

Guaranteed life insurance is life insurance that you can qualify for regardless of your medical history. Guaranteed life insurance policies are much more expensive than other kinds of life insurance, and they only pay a small death benefit—typically around $25,000; up to $50,000.
Permanent life insurance covers you for life, as long as you continue paying your premiums. This kind of insurance is limited to people with minor pre-existing conditions, like well-managed high cholesterol. If approved, you will probably get what’s known as a “rated” policy, meaning you’ll pay higher premiums.
Term life insurance covers you for a specified term (typically 10, 20 or 30 years), and may be attainable if your condition isn’t likely to affect your health within the term. Term life premiums will also be rated if you have a pre-existing condition.
Simplified issue life insurance is life insurance coverage that’s based on a medical questionnaire, but not a physical examination. Simplified issue life insurance has higher coverage levels and lower premiums than guaranteed life insurance. It’s also easier to get for people with pre-existing conditions than traditional life insurance, although your policy will probably still be rated. (Note that there are many other conditions that cause a policy to be rated, including something as simple as being a smoker, so don’t feel discouraged if your policy is rated due to a pre-existing condition, as it’s more common than you’d think.)
So what should you do if you have been turned down or quoted exorbitant rates?
Find an independent broker. Some insurance companies employ agents who sell only that firm’s products, but high-risk applicants are better off finding an independent broker. Each insurer has its own underwriting protocols, and an experienced broker will have a feel for which insurance company is likely to offer the most favorable rating to a client with a particular risk factor. Ask your broker to submit applications to two or three carriers at the same time to stir up competition. Going this route does not mean that you will have to endure two or three medical exams: the broker can help arrange a single examination, and the competing insurance companies will split the cost.
Call 716 565 1300 or 813 964 7100 Visit www.MintcoFinancial.com
Mintco financial is an independent Life Insurance company works ONLY for YOU> Call us today!

Joint or Single Life Pension?

noreply@blogger.com (The Financial Talker) — Sat, 09 Apr 2016 22:51:00 +0000

Call Mintco Financial NOW 813 964 7100 to review your options!

While corporate pensions are on the decline for many younger workers, many clients nearing retirement still have pensions through their employers. One topic that often comes up with married clients is the question of a survivor option: Should you take a single life option and collect the highest monthly payout, or take a lesser amount and ensure that some percentage would go to your spouse if something were to happen to you?

One solution you might consider is something called pension maximization.

And that is when life insurance helps you to maximize a pension. I know, everyone believes that pensions have gone the way of the buggy-whip. That may be the case for many folks, but I still find a lot of people retiring these days who have a traditional pension.

For those married with pension options, an election to provide a spousal benefit typically could result in a reduction of your income of up to 25% or more (depending on the option you select). Often, this still leaves the spouse with only a percentage of this reduced check.

When a spousal pension election benefit is chosen and you outlive your spouse, you have elected a redu-tion in your pension check for the rest of your life for an additional benefit no one will ever receive. In addition, this pension election often leaves no residual benefit to other family members.

Life insurance can be a viable alternative to taking a spousal pension check. A life insurance death benefit provides your spouse money that they can convert into a lifetime income if you die first, OR could be left to other beneficiaries if you spouse does not outlive you.

If you have questions or need help with strategies with your pension please call us at 716 565 1300 or 813 964 7100.

info@mintcofinancial.com

www.MintcoFinancial.com

One Life Insurance Policy for two people

noreply@blogger.com (The Financial Talker) — Thu, 07 Apr 2016 04:13:00 +0000

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Call 813 964 7100

First To Die Life Insurance

A first to die life insurance policy pays the death benefit when the first insured policyholder dies. It can be used by business partners to provide funds for the surviving partner to buy out the deceased partner’s business interest and cover other expenses that may arise from a partner’s death. This can be especially useful since many physician and dental groups form partnerships or LLPs. Meanwhile, married couples may use first to die survivorship life insurance to provide the surviving spouse with money for living expenses that may arise after the first partner dies.

Although this structure is very similar to a traditional term life insurance policy, the difference is that both partners or spouses are covered under one policy. This is cheaper than purchasing 2 individual policies and can be beneficial if one policyholder may be independently uninsurable.

Second To Die Life Insurance

On the other hand, second to die life insurance does not pay the death benefit until the second insured person dies. This type of policy may be used by affluent couples as a hedge against estate taxes for their heirs. The death benefit is separate from the estate and is not subject to estate or income tax. [Editor’s Note: The policy cannot be owned by the insured if you want the benefit to be estate tax-free.] An inheriting spouse does not have to pay estate taxes so estate taxes are only due after the death of the second spouse. Family owned businesses also use second to die survivorship life insurance to provide funds to cover taxes and other liquidity needs in the event of death.

Joint Life nsurance

It is the ideal coverage to have if you are a US citizen and your estate is large enough to be liable for federal estate taxes when you both have passed away. Why first to die? The death benefits can be paid to an Irrevocable Life Insurance Trust whose assets are apart from the taxable assets of the family. The trustee of the ILIT can then (1) invest the death benefits in a second, single premium policy, for the surviving spouse if greater coverage is needed for a growing estate, or (2) place the dath benefits into an SPDA and pay the interest to the surviving spouse as a retirement supplement. The principal would then be lest for the estate’s heirs to address estate tax issues. Traditional second to die does not have these options and may cause a problem A large second to die policy in an ILIT still requires annual gifts to keep in force after the first spouse dies. This may be difficult for a surviving spouse to maintain. For estate tax planning, first to die is an excellent product.

A good life insurance advisor will strive to offer the solution that appears to be best suited for the need, your individual circumstances and the amount that you can comfortably afford to address the need.

Call Mintco Financial at 716 565 1300 or 813 964 7100

Email is info@mintcofinancial.com

www.MintcoFinancial.com

How to find Life Insurance for high blood pressure people

noreply@blogger.com (The Financial Talker) — Tue, 05 Apr 2016 01:59:00 +0000

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Call us at 813 964 7100
Having high blood pressure may seem a minor medical condition compared to more serious conditions such as cancer.

Life Insurance will ensure that your family and loved ones are secure in the event of you passing away by leaving a sum of money to support them.

You may find that even with some minor medical conditions the cost of premiums for Life Insurance policies will generally be higher if the insurer believes that your medical condition is a risk.

The exact cost will depend on how high your blood pressure is, as well as any previous medical conditions and other factors such as age. Your doctor may be contacted for a full medical report to ensure that you are paying the right amount of money for the best Life Insurance policy for you, which is based on accurate medical reports.

Some life insurance companies are aggressive with life insurance underwriting and do not care about blood pressure medication, while other life insurance companies will penalize you if you take blood pressure medication.
The key is getting to the right life insurance company based on your specific blood pressure history.

The critical part in obtaining the proper life insurance is based on your blood pressure history. If you have health issues related to your HBP, we will need to look at and assess this in order to provide you with an accurate quote.

Because each carrier may have varying information needs and requirements, it can be time consuming and frustrating shopping for Life Insurance without a knowledgeable and supportive resource to guide you through the process.

Many people with pre-existing medical conditions or chronic illnesses are led to believe that you can’t get adequate life insurance if you have long-term health problems like heart disease or diabetes, but this is far from the truth.

The life insurance industry is constantly evolving and developing new products to meet the needs of different types of people, including those with health issues.

Our large network of providers and reinsurance companies enables us to source a range of insurance products that will not only cover your medical condition but are also reasonably priced to suit your lifestyle and circumstances.

Call us at 813 964 7100 or compare rates online at www.MintcoFinancial.com

Email is info@mintcofinancial.com

Six steps plan for retirement income longevity

noreply@blogger.com (The Financial Talker) — Tue, 05 Apr 2016 01:47:00 +0000

Call us today to review your options 716 565 1300

Email us to schedule an appointment info@mintcofinancial.com

Yes, 'happiness has little to do with money.' But it does relieve the mind and heart when there is enough to hold back the worry and anxiousness, when there is enough to have the basic needs and some play dough left over.

"I'm worried we won't have enough money even though we both have good pensions with full medical, a nice nest egg saved up, a small mortgage with no other debt, and no kids.

We had no help from parents or family along the way. It's not that I don't have a lot of interests to keep me busy in retirement, it's that I've always had to work to pay the bills. I've always had to rely on myself. I think there's a little voice going, "How are you going to pay the bills if you're not working?"

How long did it take, if ever, for you to relax and not excessively worry about having enough money after you retired?"

Today’s retirees have a lot to look forward to. They are generally healthier, more active and engaged with everything their new life has to offer, and living longer. But all of that good news can also be the cause of some concern: Is it possible you will outlive your retirement savings?

Whether you’re already retired or soon to be retired, worrying about how far your retirement savings will take you can get in the way of moving forward and enjoying life – so let’s try to put that worry to rest with a six steps plan for determining your retirement income longevity.

Step 1 – Profile yourself

Your investment profile – for example, if you are a conservative investor, you would expect a lower return than a more aggressive investor, and therefore your withdrawals should be lower.
Your years in retirement – your retirement could span 40 years and, generally, a longer duration requires a more prudent withdrawal strategy.
Your income requirements – will you need to draw on investment income every month or can your defer or decrease income to offset periodic declines in portfolio value?

Step 2 – Assess your income from other sources

Step 3 – Assess your expenses

Add up your expected expenses – both essential and discretionary.

Step 4 – Assess the gap

Calculate the gap between your income from all sources outside your personal retirement savings and your expenses.

Sept 5 – Assess your withdrawal requirements

Determine the amount you need to withdraw from your personal retirement savings/investments to bridge the gap between your income from ‘other’ sources and your expenses.

Step 6 -- Make adjustments

If your expected withdrawal rate is not sustainable, based on the projected returns from your current savings and investments, you will need to re-evaluate your registered and non-registered portfolio with the aim of improving returns – or you may need to reduce the scope of your retirement plans.

It’s never too late to ease your retirement income worries. Your professional advisor can help provide the strategies and solutions that will allow you to enjoy your retirement to the fullest.

The best way to not run out of retirement money is to save more.

Saving more helps you steadily build wealth. But a less obvious virtue is that it makes you less dependent on high returns.

If you need to review your retirement plan or have a second opinion call us at 716 565 1300 or 813 964 7100

email us at info@mintcofinancial.com

Visit www.MintcoFinancial.com

The Financial Talker

3 Reasons Fixed Indexed Annuities are Safe

3 Reasons Fixed Indexed Annuities are Safe

When to buy Fixed Indexed Annuities

2017 Are Annuities a good Investment?

Are Annuities a good Investment?

What is an Annuity?

Why not just manage your retirement savings yourself?

9 Mistakes Retirees Do

9 Mistakes Retirees Do

2017 Fixed Index Annuities for Retirement

2017 Fixed Index Annuities for Retirement

How Fixed Index Annuities are paid?

Questions you should ask when buying a Fixed Index Annuity

5 Best Reasons Why You Should Invest in a Fixed Indexed Annuity

5 Best Reasons Why You Should Invest in a Fixed Indexed Annuity

Questions About Fixed Index Annuities

How “safe” is a fixed index annuity?

Someone told me that my annuity has fees. Is this true?

Aren't there other financial or investment options with unlimited growth potential?

What is a fixed index annuity?

Aren't there other financial or investment options with unlimited growth potential?

How do I know if a fixed index annuity is for me?

Life Insurance Low Risk Investment

Life Insurance Low Risk Investment

Life insurance is a low-risk asset

How to get Immediate Fixed Income

Annuity Income: Is It Safe?

Whole Life Insurance Investment

How to convert term to whole life

What Is Whole Life Insurance?

What Is Term Life Insurance?

3+ Benefits Life Insurance in Retirement

Let's start a conversation today and get ready to “live long and prosper.”

Best No Exam Life Insurance for Seniors over 80

Dis-Advantages of No Medical Exam Life Insurance :

Best Term Life Insurance for Type 2 Diabetes

TYPE 2 DIABETES

Every life insurance company has their very own set of underwriting guidelines they follow. Underwriting for life insurance is not an exact science.

A medical exam and an attending physician’s statement will be required in order to qualify for traditional life insurance (Fully underwritten).

Best Life Insurance for elderly parents

How Immediate annuities work in California

Life Insurance for Non Resident in USA

Non-Resident Aliens: Usually, only those assets located in the U.S. are subject to federal estate and gift tax. But Non Resident Aliens are allowed a $13,000 tax credit, which only protects the first $60,000 of an estate from estate taxes.

How U.S. life insurance solves problems

Whole Life Insurance for retirement planning

Top Fixed IUL’s and Annuities

Whole Life Insurance for retirement income

How whole life insurance can be an investment for retirement

The Magic of Dividends

Need income for life besides SS

Life Insurance for heart disease patients

What options are available for people with pre-existing conditions?

Joint or Single Life Pension?

One Life Insurance Policy for two people

How to find Life Insurance for high blood pressure people

Six steps plan for retirement income longevity

Step 1 – Profile yourself

Step 2 – Assess your income from other sources

Step 3 – Assess your expenses

Step 4 – Assess the gap

Sept 5 – Assess your withdrawal requirements

Step 6 -- Make adjustments

Non-Resident Aliens:

Usually, only those assets located in the U.S. are subject to federal estate and gift tax. But Non Resident Aliens are allowed a $13,000 tax credit, which only protects the first $60,000 of an estate from estate taxes.