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Life Insurance Policies
The foundation of financial planning pyramid is founded by Insurance products such as life, health, disability, car and homeowners insurance to pass on the risk to the insurance companies.  Once that is all put together to protect your assets then we concentrate on funding your retirement plan, investments and Estate plans to protect your future.

New life policies insurance companies are issuing can include Long Term Care (LTC) benefits.  Basically you can add a Long Term Care rider on these polices and in the event that you should need care you can take a portion of your face amount toward your care so you don’t have to lose your home and everything you’ve worked for all your life. If you choose to do a cash value policy then you may have access to your cash later and can take tax free loans to supplement your retirement or education for your children.  In the event of your demise the policy can pay off a mortgage, income taxes on IRA’s & 401K’s or estate taxes. (as long as you don’t pull out the cash values in lump sum that could cause income taxes) It’s like having 3 policies in one. In My opinion, this may be one of the most appropriate policies you can buy since it takes care of so many different situations during lifetime or death!
 
Life insurance riders are additional modifications made to your life insurance policy that affect how the policy works. Life insurance riders add additional functionally to the basic policy, giving you features that would not be available otherwise. Rider cost money which increases the premium, making the policy more expensive.
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Insurance and Tax services offered through Hoss Retirement & Insurance Services, Inc., which is not affiliated with Woodbury Financial Services, Inc.

Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. Insurance services offered through Hoss Retirement & Insurance Services, Inc. which is not affiliated with Woodbury Financial Services, Inc. Woodbury Financial Services Inc. does not offer tax or legal advice.



This communication is strictly intended for individuals residing in the state(s) of AZ, CA, FL, ID, NV, PA and TX. No offers may be made or accepted from any resident outside the specific states referenced.
 


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