If something were to happen to you, would you leave your family financially prepared to survive? Do you have a lot of debt that would fall on a family member if something were to happen to you? I know I wouldn't want to leave my family in that position. That's why life insurance is so important and why adding a financial planning component is just as important.
Most people don't think about including life insurance as part of their financial plan. An integral part of a solid financial plan is life insurance. When determining the insurance you need, you want to pay as little as possible for it. We serve as financial planners for our clients and offer to help them customize a plan by using life insurance and annuities to help secure their future.
A fixed annuity is somewhat like a CD, in that the insurance company issuing the annuity agrees to pay a fixed rate to the investor, while the investment, along with associated profit or loss, is also the company’s responsibility and right. The performance of the investment is not directly coupled to the returns the investor gets. The insurance company acts as a barrier between the index and the investor, minimizing the impact by siphoning off considerable spikes in both profit and loss while passing along stable returns to the investor.
When you are considering purchasing a fixed annuity, it is important to remember that you can often negotiate the price of these products. Also, the amount of money that an annuity will pay out varies (sometimes greatly) among the financial intermediaries selling these products, so it’s best to shop around and avoid making quick decisions. We can help you with this part of the process. We do the shopping for you to find you the best return on your investments.
Kevin Gaines Insurance
P.O. Box 5381
Holly Springs, MS 38634
E-mail address:
kevin@kgainesinsurance.com
Available Monday - Friday
8:00am - 4:00pm