OUR SERVICES

Life Insurance

Most Americans view life insurance as a means to ensure their final expenses will be covered after they’re gone. However, life insurance policies can provide much more than death benefits. When you choose the right life insurance plan, you and your family can enjoy the financial benefits throughout your lifetime.

At Americans for Life, we believe life insurance is one of the most underutilized and powerful investment tools available to you. We also recognize that it can be difficult navigating all the policy options on the market, which is why we want to serve as your life insurance advisor. We’re an independent firm, which means we’ll help you find your best life insurance option at the best price rather than pushing you towards one specific insurance carrier.

If you’ve always believed that life insurance can only be used to transfer wealth to your heirs, it’s time for you to have a policy review. Take advantage of our life insurance services and find out about the cash value benefits you can get from your policy.

Term Life Insurance

A term policy is a contract between you and an insurance provider that will transfer a death benefit to your heirs within a period defined by the policy (usually 5-30 years). Choosing this type of life insurance is a lot like renting instead of buying a home: it has a lower upfront cost than permanent life insurance but doesn’t come with any additional cash value advantages.

Permanent Insurance

A permanent policy covers you for your entire life, not just a specified period. It can also be a unique vehicle for tax-free account value accumulation. When you add cash value features to your policy, you can grow money in your account, access the money tax-free during your lifetime, and transfer your tax-free income to your family after you die.

Money in your account won’t preclude you from getting loans and doesn’t need to be included on FAFSA forms. You can also use this money to help grow your business, support your family’s needs, or supplement your retirement income.

You’ll find various life insurance policy types under the umbrella of permanent life insurance, including:

Whole Life
Universal Life
Indexed Universal Life

Attempting to conduct an online comparison of life insurance types can be challenging, especially if you’re new to the concept of cash value benefits. It’s always best to meet with a qualified life insurance agent in person so that you can ask questions and get a better understanding of how your policy will affect you long-term.

Annuity Services

Without question, the top priority for most people when they are saving their money is safe. Annuities offer a unique and attractive blend of safety, growth potential, tax advantages, lifetime income, and liquidity.

If you’ve been thinking about investing in insurance annuities, Americans for Life Financial Services can help. We provide annuity advice to help you determine if the return you’ll get on your investment will help you meet your retirement goals. We can also discuss strategies such as rolling your 401(k) into an annuity or diversifying your portfolio with alternative investments.

Our goal is to help you securely grow your money so that you can retire comfortably. Whether you’ve just entered the workforce or are nearing retirement, we encourage you to meet with us to learn more about our annuity services and other retirement planning strategies. It’s never too early to start growing your retirement income.

Fixed Indexed Annuity

Like fixed annuities, these contracts have the added benefit of a variable rate of return based on a market index. There is typically an offer of guaranteed minimum income and a potential for upside growth while the contact is accumulating interest.

Immediate Annuity

This type of contract is used for those looking for an immediate stream of income. Just like its name suggests, owners of this type of annuity can begin growing an income within one month up to 12 months after the initial premium payment is made. Payments on these contracts can be for a specified period or until death. These annuities are popular among those looking for a guaranteed income.

Deferred Annuity

These contracts offer the same features as an immediate annuity, but the payments are typically delayed for over 12 months after the original contract date. This allows the income value to grow before an income is received from this contract.

Benefits of Investing in Annuities

By contract, a fixed annuity guarantees that your principal is protected and that you can get it back again, as long as you avoid any penalties for early withdrawal.

Once people are satisfied that their money is safe, the next objective is to have that money grow as fast as possible. The annuity industry invented index annuities precisely so that they could offer even better rates of interest under certain conditions. People want their money to grow quickly, and besides having a high rate of growth, having some sort of tax advantage helps to accomplish that goal.

Some people buy annuities for their tax deferral. Annuities typically offer a variety of options to pay the value of the contract out over time as a guaranteed periodic amount of income. Payment options often include income that is guaranteed to continue for the rest of your life, no matter how long you live.

Most people recognize that liquidity, safety, and growth do not co-exist very well, so if an annuity is going to give you guarantees of safety and the potential for a good rate of growth, there needs to be some sacrifice in liquidity. The good news is that most annuity products build in enough liquidity options to make many customers comfortable.

Meeting with an annuity agent at Americans for Life Financial Services is the best way to learn more about the pros and cons of an annuity investment strategy. Our firm can help you determine where to put your retirement savings to get the rate of growth and level of security you’re looking for.

Medicare Consulting Services

No matter what your income level, you’ll still need health insurance when you’re over 65. Fortunately, Medicare is designed to provide health insurance coverage during your retirement years. What many people don’t realize, however, is that not all Medicare plans are created equal. When you enroll, you’ll need to decide whether you want Original Medicare (Parts A and B) or a Medicare Advantage Plan (Part C). If you choose Original Medicare, you’ll also need to determine if you need a supplement plan.

You don’t have to make these decisions alone. A Medicare consultant at Americans for Life Financial Services can discuss your options and help you make the best decision based on your lifestyle and medical history. If you’re considering a Medicare Advantage Plan, we’ll help you make a comparison between different private insurers so that you can select the most financially

What Are the Different Parts of Medicare?

Part A

Part A covers medically-necessary hospital care, as well as home health, skilled nursing facility, and hospice care. This coverage will be free to you if you have paid Social Security taxes for at least ten years. If you have not, you will pay a monthly premium.

Part B

Part B covers preventive care, medical equipment, lab testing, and most other medically-necessary doctors’ services. You will pay a monthly premium for this coverage, regardless of the length of time you’ve paid Social Security taxes.

Part C

Part C helps to supplement additional needs with healthcare costs. You’ll be able to choose from different types of Medigap plans, Medicare supplemental or Medicare Advantage Plans,

Part D

Part D coverage is often included in Medicare Advantage Plans. If you choose Original Medicare, you’ll need to choose a stand-alone Part D plan.

What's a Medigap Policy?

If you have Original Medicare, you can also purchase a Medigap policy (i.e., Medicare supplement insurance). Medigap policies are administered by private insurance companies and can cover some of the costs that Original Medicare doesn’t, such as copayments and deductibles. You will pay a monthly premium for a Medigap policy in addition to the premium you pay for Part B.

When you meet with a Medicare consultant through Americans for Life Financial Services, we’ll review the pros and cons of Medicare supplement insurance and help you make an informed decision based on need.

See How Life Insurance Can Transform Your Retirement

We know it can be hard trying to find the right financial professional to work with. It’s our experience that no two people have the same circumstances or goals. We design each strategy, tailor-made, for your financial situation. We started with the goal to help individuals learn a different way to save for retirement while not increasing the burden of taxes at retirement.

Is Your Retirement Picture Complete?

Today, Americans are saving more money in tax-qualified plans such as 401(k)’s and IRA’s. Unfortunately few financial planners discuss the tax implications building inside these traditional retirement accounts. Everyone wants to pay off their home to the bank, but with growing retirement plans in IRAs and 401(k)'s, they don’t think about paying off their retirement plan (taxes) to the government.

While tax deferment works for some, we believe there are better ways to save. When your retirement years come into your sights, managing taxable and not taxable income can have a tremendous effect on your retirement, Don't let that lack of understanding prevent you from making better decisions today. We can help you take a look at tax alternative strategies or Roth conversions and show you how to increase your retirement income.

We would like to hear from you!

Our world has changed since the Covid Pandemic began and so has the way we do business. Your safety is one of our biggest concerns. If you have any reservations about meeting in person, please let us know! We are equip with the tools to provide you all the information via phone call or email. Let's find the right policy for you! Fill in the contact form to get started.

GET IN TOUCH

THINGS TO CONSIDER
BEFORE YOU RETIRE..
AND AFTER

1

LIFESTYLE

Too many retirees underestimate their true cost of living on a fixed income. You must be realistic. How much of a lifestyle change will you need to sacrifice, if at all, to live comfortably?

2

DEBT EXPENSE

The lower the better as you approach retirement. Entering retirement debt free will allow you to enjoy retirement the way it was meant to be.

3

INSURANCE

Medicare options, life insurance, home & auto should be reviewed and sent out to competitive companies annually for quotes. Current or new life insurance should be discussed with a professional – including costs and coverage

4

TRUSTS & WILLS

A must to make sure your health decisions are controlled by a person you trust and will follow your wishes. Also, that your assets get to the right family members or charities and not probate.

5

INCOME PLANNING

Know that each year you age, a higher percentage of your assets should be protected with fixed income products. Social Security may not be around forever. One source is not enough to protect you from the unexpected.

6

EMERGNCY FUNDS

Unexpected costs can happen quickly. A buffer will ensure that you avoid using assets earmarked for income or growth. Setting aside 3 to 6 months worth of expenses is recommended.

7

TAXES

This should be step 1a. Ask questions of a qualified tax professional no matter how simple the question might seem. You need to understand the tax implications of where your income is coming from.

8

CHILDREN

More and more children are moving home to live with their parents. We understand the love you feel, but don’t go broke spending your future retirement on your kids.