Build your future, brick by brick. Get a personalized insurance strategy today.
Personalized Insurance Strategies for Income Protection in Retirement
At Daniel Wealth Management, we believe that insurance strategies are fundamental to managing and preserving wealth. Our insurance team will evaluate your risk tolerance and tailor insurance strategies to address your unique needs and goals.
Life Insurance
Are you concerned about what will happen to your family if you pass away? This is a common concern for the breadwinner of the household. Life insurance can provide financial resources for those left behind in these situations, giving a spouse or other loved ones the means to pay off a mortgage or debts, fund an education, or retire early. It's a way to leave a legacy to family, causes, and charities and show how much you care. We can work with you to:
- Explain various benefits of each life insurance type: term, whole life, universal, and burial.
- Review and assess your current policies.
- Consider new policies based on your needs and budget.
Long-Term Care Coverage
Long-term care insurance provides in-home and in-facility care for people who have suffered a long-term illness or disability and need help with "activities of daily living." It does not replace health insurance but provides resources for care typically not covered by traditional health insurance or Medicare. This type of insurance can protect you from spending your nest egg on assisted care should you need it. We can work with you to:
- Explain why preparing for potential LTC needs is important to your health and financial bottom line.
- Discuss traditional versus combination life insurance/LTC policies.
- Source policies based on your needs and budget.
Disability Income Insurance
Many of us have disability income insurance through an employer. This insurance can cover lost wages, replacing part of your income should you become injured or disabled. Some workplaces do not offer this benefit or offer enough coverage. If you need disability income insurance, we can help:
- Explain the types: long-term, short-term, and Social Security Disability.
- Review current policies to see if coverage is adequate.
- Consider new policies based on your needs and budget.
Medicare
Medicare is insurance for people age 65 and older and people with disabilities that is offered by the government. When it is nearing time to enroll in the program, many are left with questions about the options, plans, supplements, costs, and deadlines. We can help you decipher all this and more, so you can make the best health care and budget decisions. We can work with you to:
- Explain options and deadlines.
- Review Medicare Advantage plans.
- Review Medicare supplements.
Retirement Income Planning
Ahhh … retirement. You have dreamed about it for years. It's getting closer, and now you wonder if you have saved enough and, if so, how to draw down assets to support you for the rest of your life. We compare your wants, needs, and lifestyle to your assets and income streams. We can work with you to:
- Review retirement income sources.
- Discuss risks like health care, longevity, taxes, and inflation.
- Consider annuities for an additional income stream.
Key Person Insurance
Do you depend upon a person or a couple of people in your business to take care of critical functions that would be hard to replace if something happened to those people, leaving your company vulnerable? If so, key person life insurance might be advisable for your business to provide financial resources should an emergency arise. We can work with you to:
- Explain the importance of key person insurance.
- Assess your business needs and current policies.
- Consider new policies to fit your needs and budget.
Buy/Sell Planning
Buy/sell planning encompasses the orderly transfer or sale of a business to another person or entity. It can be helpful in situations where an owner becomes disabled, divorced, terminated, or retires. We can work with you to:
- Explain options for buying or selling a business, which may include the purchase of life insurance.
- Explore tax ramifications of the options, working with your CPA.
- Explore legal ramifications, working with your attorney.
Contact Form
We will get back to you as soon as possible.
Please try again later.
Send Us a Message
Interested in learning more about how we can help you? Contact us to schedule a complimentary, no-obligation appointment.
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Investing involves risk, including possible risk of principal. No investment strategy can ensure a profit or guarantee against losses. Life insurance and annuities are not suitable for everyone. They involve fees and charges, including possible surrender penalties. Life insurance requires medical and often financial underwriting to qualify. Annuity withdrawals are subject to ordinary income taxes and a 10% IRS penalty if taken before age 59-1/2.
ARE-15570 | 122923/17717557
By contacting us, downloading booklets, or attending events, you may be offered a meeting to discuss how our insurance and other services can meet your retirement needs. The presenters of this information are not associated with, or endorsed by, the Social Security Administration or any other government agency.