F.A.Q. Financial Products


What are Annuities?

Annuities are a tax advantaged long term savings vehicle with significant investment flexibility. They are akin in many ways to a bank CD. They are excellent vehicles for long term savings for retirement.

What are the Investment Options in an Annuity?

Annuities can have a variety of investment options including guaranteed fixed rates, return attached to various stock market indices all designed to meet the risk/return of the owner.

College Funding

How can I save or earn money to pay for college expenses?

Paying for college is one of the largest expense faced by most families. The to making this a large yet affordable expense as opposed to a savings depleting expense is planning. Colleges do provide substantial add in the form of gifts. The goal is to maximize the amount of gifts. To do this requires planning and the appropriate mix of assets. We work with clients to develop strategies which can preserve capital and maximize the potential of gifts from the colleges.

Life Insurance

What are the types of life insurance available and what are the differences?

There are two principal types of life insurance - Term and Permanent. Term provides very inexpensive protection for a set period of time, generally 10, 20 or 30 years. Permanent has a steady premium for life. In addition to the death benefit it provides a powerful and flexible tax advantaged saving feature. This savings feature is available for immediate use as well as for education and college funding, retirement savings, funding the down payment on a house and other long term savings needs.

How is Life Insurance Underwritten?

Most life insurance is issued on an underwritten basis. This means an application providing a detailed medical history. In addition, the company will require a paramed exam. This is generally a nurse coming to the applicants business or home and take height, weight and probably draw blood. Medical records from an applicants physician may also be requested. When large amounts of insurance are being applied for additional tests such as a stress test ay be requested. All testing is paid for by the insurance company.

A recent development is some life insurance both term and permanent are issued on a simplified issue basis. This means that certain companies will issue policies up to $250,000 with only an application which contains only a couple of medical conditions.

How long does it take to get a life policy issued?

If the policy is underwritten it usually takes three to five weeks. However, it can take longer depending on scheduling issues and if medical records are required the responsiveness of the physician in providing those records.

Simplified issue policies can usually be completed in one to two weeks and sometimes in only a couple of days.

How Much Does Life Insurance Cost?

A variety of factors determine the cost of life insurance. These include age, smoking, any health conditions and under certain conditions occupation. Pricing will vary widely between companies. We works with numerous companies in order to develop competitive plans that best meet our clients objectives.

Long Term Care Insurance

As baby boomers age and health care becomes increasingly expensive, Long Term Care (LTC) will become an increasingly important product. Accident, Dental, Critical Illness, Disability, Vision

Pension & Retirement

your insurance needs change with the river of life

Join incSurance in a dialogue ranging from national to individual concerns. The Clip represents all of our ideas held securely together. Topics relate to the latest economic, industry trends and news affecting our industry. All opinions, no matter how controversial, are welcome on this blog.