Ohio Insure Plan Logo

There are significant differences between joint and linked long term care insurance policies.  One type allows for couples to share a policy while the other allows a husband or wife to tap into the benefits of their spouse’s policy. There are certain advantages to each type of LTC policy and through the help of an …

June 17, 2011

Category: Articles, Long Term Care, Retirement Planning

Continue

Compared to what other investments? Is an annuity a good investment if you had invested the majority of your dollars with Bernie Madoff or Alan Stanford? How about if you invested in Countrywide, General Motors, Lehman Brothers, Enron, WorldCom Inc, Citi Group, Fannie Mae or Feddie Mac? Or maybe you were unlucky enough to have saved …

June 2, 2011

Category: Annuities, Articles, Retirement Planning

Continue

We receive several requests from fixed and indexed annuity shoppers about which insurance companies offer the best premium bonuses on first year and subsequent yearly deposits. Interest rates and bonus amounts are constantly changing, so it is best to give us a call in order to compare current yields and illustrations as one size does not fit …

March 30, 2011

Category: Annuities, Articles, Retirement Planning

Continue

Conservative investors looking to protect a portion of their individual retirement account will often consider an annuity as a means to establish predictable growth and reliable income now or in the future. IRA annuity investments provide steady growth and are ideally suited for required minimum distributions. There are several types of annuity accounts to choose from, but …

February 23, 2011

Category: Annuities, Articles, Retirement Planning

Continue

There are some common misconceptions concerning who is responsible for long term care expenses. Oftentimes consumers erroneously believe that government run Medicare and private supplemental insurance will pay the costs associated with extended care. Unfortunately, this is not the case. Medicare, when combined with some supplemental Medigap policies, will only cover a maximum of 100 days of …

September 23, 2010

Category: Articles, Long Term Care, Retirement Planning

Continue

Let’s face it, sometimes annuities get a bad rap in the investment world and perhaps some of that is deserved. In fairness, those who are talking down these accounts are usually trying to sell some other financial product. However, the bottom line is investors are usually and understandably concerned about access to their deposited funds. Safe …

August 19, 2010

Category: Annuities, Articles

Continue

There are three types of deferred annuities for investors to choose from in order of least to most risk: fixed, fixed-indexed, and variable.  Variable accounts are most risky as they are directly tied to the ups and downs of the overall stock market which is why you you see variable annuity complaints. In an attempt …

August 9, 2010

Category: Annuities, Articles

Continue

Unfortunately, there is quite a bit of misinformation that has spread about annuity investment contracts. What is not clear is whether these untruths are intentional or a general lack of knowledge, but it is beyond time to set the record straight. One of the biggest concerns potential annuity investors have is what happens to their money …

July 1, 2010

Category: Annuities, Articles, Retirement Planning

Continue

As an annuity agent, I am often asked which insurance company offers an indexed annuity with the best returns. And that is not an easy question to answer. There are dozens of companies offering several fixed indexed accounts each. However, I did come across an annual statement recently that even amazed me – and I have …

May 20, 2010

Category: Annuities, Articles

Continue

Indexed annuity accounts credit interest based on the performance of chosen stock and bond market indexes, however they are not variable in nature and have no direct market exposure. This simply means that when the market goes down, there is no risk of losing your invested principal or interest gains from previous years. During the past twelve months, …

May 6, 2010

Category: Annuities, Articles

Continue

It’s April 15th and while many have already filed their tax returns, some are still scrambling to get their documents in on time.  Thus, it is an appropriate time of the year to talk about different ways to reduce your income taxes. If you wish to reduce the amount of taxable income on your 1040 or are …

April 15, 2010

Category: Annuities, Articles, Life Insurance, Wealth Transfer

Continue

If you are considering investing in a fixed indexed annuity, you should become familiar with a few terms.  Almost all indexed annuities have internal moving parts referred to as spreads, caps, and participation rates. The fluctuations of these moving parts can significantly affect your annuity’s rate of return now and in the future. Insurance companies will adjust their …

March 12, 2010

Category: Annuities, Articles

Continue

If you are in need of a safe and insured investment providing reliable interest for a desired number of years, you will want to compare a CD to a fixed annuity account. Both offer pros and cons depending on what features are most important to you now and going forward.  The chart below compares the advantages and disadvantages of both accounts …

February 4, 2010

Category: Annuities, Articles

Continue

Regardless of the type of annuity account you own (fixed, indexed, immediate, or variable) it will fall into one of two categories; qualified or non-qualified.  This is to say that an annuity cannot be both qualified and non-qualified.  It is one or the other.  There are significant differences between the two and understanding the differences can …

September 30, 2009

Category: Annuities, Articles, Retirement Planning

Continue

As the overall markets have swooned and once plush retirement accounts have lost value, you might be interested in a guaranteed lifetime stream of income. Commercials are more prevalent and many financial firms are now advertising the merits of this simple concept. But what are the financial products behind these guarantees and how can you benefit from lifetime …

July 15, 2009

Category: Annuities, Articles, Ohio Annuity, Retirement Planning

Continue