People First Integrity Financial Blog

What is an Annuity? 
08/01/22

In simple terms, an annuity is a contract between an individual (or married couple) and a life insurance company. Depending on the type of annuity, you purchase an annuity with a portion of your retirement savings in either a single payment or with multiple payments over time.

What is Life Insurance with Living Benefits? 

​ Living Benefits are Accelerated Benefit Riders which provide the potential to receive a partial or full accelerated life insurance benefit if the insured experiences a qualifying medical condition.1 • Partial Acceleration is paid in lieu of a portion of the policy’s death benefit. • Full Acceleration is paid in lieu of the policy’s death benefit. In the case of a full acceleration, the policy will be terminated after acceleration is paid

How does premium financing work? 

Life insurance premium financing involves taking out a third-party loan to pay for a policy’s premiums. As with other loans, the lender charges interest, and the borrower (the insured, in this case) repays the loan in regular installments until the debt is satisfied or the insured passes away, in which case the balance is typically paid off with insurance proceeds.
This strategy may be useful to high net worth individuals (HNWIs) who don’t want to liquidate assets to pay for costly life insurance premiums outright. 
What is Final Expense Insurance? 

Final Expense Insurance is also commonly referred to as Final Expense Life Insurance or Senior Life Insurance Final Expense Insurance, also known as Final Expense Life Insurance or Senior Life Insurance, can help protect your family against the growing costs associated with funeral expenses, burials, and final interment.


​
Different Kinds of Annuities

FIXED
An annuity that protects your principal from market downturns and offers a fixed rate of interest for growth and guaranteed monthly payments.
 
FIXED INDEX
An annuity that protects your principal from market downturns, offers a minimum crediting rate with potential for additional interest based on market indexes, and guaranteed monthly payments.

VARIABLE
An annuity that offers the potential to grow your money through various market investments, but with the potential for market loss, and the option of receiving guaranteed monthly income payments.

Phone: (510) 375-7402
Email: William@WCoultersafemoneypro.com
The information provided herein is the exclusive property of People First Integrity Financial. This material has been prepared for informational and educational purposes only. It is not intended to provide nor should be relied upon for accounting, legal, tax, or investment advice.​ © 2022. People First Integrity Financial. ​

​

People First Integrity Financial Blog

What is an Annuity? 
08/01/22

In simple terms, an annuity is a contract between an individual (or married couple) and a life insurance company. Depending on the type of annuity, you purchase an annuity with a portion of your retirement savings in either a single payment or with multiple payments over time.

What is Life Insurance with Living Benefits? 

​ Living Benefits are Accelerated Benefit Riders which provide the potential to receive a partial or full accelerated life insurance benefit if the insured experiences a qualifying medical condition.1 • Partial Acceleration is paid in lieu of a portion of the policy’s death benefit. • Full Acceleration is paid in lieu of the policy’s death benefit. In the case of a full acceleration, the policy will be terminated after acceleration is paid

How does premium financing work? 

Life insurance premium financing involves taking out a third-party loan to pay for a policy’s premiums. As with other loans, the lender charges interest, and the borrower (the insured, in this case) repays the loan in regular installments until the debt is satisfied or the insured passes away, in which case the balance is typically paid off with insurance proceeds.
This strategy may be useful to high net worth individuals (HNWIs) who don’t want to liquidate assets to pay for costly life insurance premiums outright. 
What is Final Expense Insurance? 

Final Expense Insurance is also commonly referred to as Final Expense Life Insurance or Senior Life Insurance Final Expense Insurance, also known as Final Expense Life Insurance or Senior Life Insurance, can help protect your family against the growing costs associated with funeral expenses, burials, and final interment.


​
Different Kinds of Annuities

FIXED
An annuity that protects your principal from market downturns and offers a fixed rate of interest for growth and guaranteed monthly payments.
 
FIXED INDEX
An annuity that protects your principal from market downturns, offers a minimum crediting rate with potential for additional interest based on market indexes, and guaranteed monthly payments.

VARIABLE
An annuity that offers the potential to grow your money through various market investments, but with the potential for market loss, and the option of receiving guaranteed monthly income payments.