Products and Services
With the variety of life Insurance and financial products we provide, we can help you meet a number of business and financial needs.
Please review the full range of products and contact us to help you fully analyze your needs and recommend appropriate solutions.
Life Insurance
Many people think that life insurance is only for people with families. While it is true that life insurance can help provide for the needs
of dependents, life insurance also can be an important part
of a well-thought-out estate, business succession or charitable
giving plan. And permanent life insurance offers many living
benefits as well, such as tax-deferred accumulation. For all
of these reasons, life insurance can be important for someone
starting out - or for someone starting out - or for someone starting over.
You can use the articles on this page to learn more about
the various types of life insurance that are available.
Whole Life insurance is also known as permanent
insurance. You receive coverage for your entire life, as
long as premiums (which are a set amount per period) are
paid. Whole life policies accumulate cash value tax-deferred.
Term Life policies provide coverage for a
specific amount of time - such as 5 years, 10 years or 20
years. Term premiums are often less expensive than whole
life premiums, but once the term of the policy is complete,
coverage terminates. There is no accumulation of cash value.
Like Whole Life, Universal Life is a permanent
insurance policy, which means that it covers you for your
entire life, as long as premiums are paid. Universal life,
however, offers you flexibility that enables you to change
your premiums and death benefit as your needs change.
Variable Universal Life combines
the premium and death benefit flexibility of a Universal
Life policy with investment opportunities. You can allocate
your premium amongst a variety of professionally managed
investment divisions plus a fixed account. Assets allocated to the investment divisions are subject to market risk and may lose value. Of course, with investment opportunities comes risk along with the potential for reward.
Survivorship life insurance - available as
whole life, universal life* or variable universal life#
- covers two people and provides payment of the proceeds
when the second insured individual dies. Survivorship life
insurance is often used to help meet estate planning or
business continuation goals.
# Offered by NYLIFE Securities LLC. (member FINRA/SIPC)
Annuities
An annuity is a unique financial
vehicle designed to help you accumulate money for your retirement and/or turn a lump-sum of money into a guaranteed stream
of income payments.
Deferred annuities offer the advantage of tax-deferral
and can be used to accumulate money for retirement.
You can use the articles below to help you learn more about which annuity might be right for you.
A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy's accumulated value - and sometimes the amount of monthly annuity benefit payments - fluctuates with the performance of your investment
account. There are fees, expenses and risks associated with the contract. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value.
With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed never to fall below a certain amount. For many
people, this provides a measure of security about their
investment.
#offered by NYLIFE Securities LLC (member FINRA/SIPC)
Income annuites are used to generate a stream of income payments that is guaranteed to last for as long as you need it to - even for the rest of your life.
An Income Annuity where income payments begin immediately - one period after the annuity is purchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform.
Investments#
We offer comprehensive products and services to help you develop a sound, long-term investment strategy. You can choose from over 10,000 mutual funds, including self-directed, tax-deferred Individual Retirement Accounts (IRAs). We also provide products to fund plans for companies of all sizes, ranging from SIMPLE IRAs to full-service defined contribution and defined benefit plans.
#offered by NYLIFE Securities LLC (member FINRA/SIPC)
Long-Term Care Insurance is still a relatively new type of insurance product. Many people do not understand what long-term care insurance policies cover, how and when the policies pay benefits, and who should obtain coverage.
Other products such as Disability Income Insurance, Individual and Group Health Insurance products.
Need a little help in deciding which products would be right for you and your family? Please do not hesitate to contact us for additional information. We can help you analyze your needs and recommend appropriate products.
|
