Our Associates can help you establish a basic but solid financial foundation. This foundation can help protect you and
your family from an unexpected death, save for emergencies and prepare for your future.
We Make It Easy To Understand
CONFUSED? FRUSTRATED? That is how most people feel when they are asked about their finances. We try to make things easier by teaching people basic financial concepts before anything else.
Our focus is on helping individuals, families, and business owners understand basic financial concepts. In our experience, after people are educated about these concepts, they make their own informed decisions about how we can help them.
Provide Americans with a financial education and the tools they need to plan a healthy
financial future. Build a force of caring people, from all walks of life, committed to helping
others grow their wealth.
Did you know that insurance services can be your best financial partner, not only by helping you through major life hardships, but by contributing to your retirement security and your overall wealth?
Avanote helps you understand the different insurance services you need by educating you on the many usages for insurance, and helping you create the right insurance plan for you and your family. Insurance services give families and individuals of all income brackets the ability to maintain financial independence in all areas of their lives.
Available options Include:
Life Insurance with living
Life insurance protects families and businesses from financial loss associated with the death of a loved one or key employee and as a financial tool for retirement planning.
Life insurance enables individuals and families of all income brackets and lifestyles to maintain financial independence in the face of financial hardships. Coverage is just as important for two-income families as it is for single-income families. Stay-at-home parents also need protection to help cover the costs of services they routinely provide, such as cooking, cleaning, and caring for children. Retirees who are living on limited income also find peace of mind knowing that an aging spouse will not be faced with a financial burden after their death.
Indexed Universal Life Insurance policies are a type of universal life insurance. These types of policies are similar to traditional whole life policies because they build up cash value over time and provide lifelong protection as long as you pay the premiums. The death benefit can be increased (subject to insurability), or decreased at the policy owner’s request. Premiums can be flexible and paid periodically to meet your personal financial needs.
Along with providing a death benefit if you die, certain indexed universal life products also provide tax-deferred growth of your account value, growth linked to a formula based on changes in an equity-index, flexible premium options, a variety of riders and waivers, and two death benefit options.
Typical Use: A Balanced Approach To Life Insurance.
Term Life Insurance covers a defined period (one to 30 years) and only pays benefits if you die during the defined period of time. Depending on the terms of the policy, premiums will remain constant or increase each year. Some policies can be renewed at the end of the term, but premium rates will usually increase. Term insurance does not offer cash value buildup and it becomes more difficult to attain coverage as you get older.
Typical Use: Term insurance is designed to cover needs that will disappear in time, such as mortgage or tuition payments. Initially, premiums for term insurance are lower than for permanent insurance, which enables you to buy higher levels of coverage at a younger age.
plus living benefits.
Annuities are insurance contracts between you and an insurance company in which the company promises to make periodic payments to you, starting immediately or at some future time. Annuities are popular because they can offer tax-deferred savings for retirement and a choice of income options to meet an individual’s needs in retirement. As Americans live longer lives and have longer retirements, long-term thinking has become more essential. Many are turning to annuities to bridge the gap between savings and the prospects of a long life: Annuities are the only financial product that can turn a sum of retirement savings into guaranteed income for life. Some annuities also provide guaranteed income for a surviving spouse or dependent.
Finding a way to make savings last is a challenge for today’s workers and retirees. Fewer workers today are covered by traditional, employer-sponsored pension plans promising life-long benefits and Social Security is not likely to provide future retirees the level of benefits it provides today. Because an annuity can provide lifetime income it helps offset worries many people have about managing their finances, running out of money in retirement, or living more frugally than they need to. No other personal financial product offers guaranteed income for life.
An annuity is a flexible retirement planning tool. It can be purchased over time (through a series of premium payments) or with a single lump sum. It can accumulate value that is based on a fixed interest rate or through investments in equities. You choose how and when payouts are made to you.
Indexed Annuities are a type of tax-deferred annuity whose return is indexed to an equity index, but which also guarantees a minimum interest rate and against a loss of all or most principal. The objective of purchasing an indexed annuity is most often to realize greater gains than those provided by fixed annuities, while still protecting principal.
Unlike traditional fixed annuities, the policy owner may receive zero interest for a single period on a specific premium payment if the index performs poorly. However, with most Equity-Indexed Annuity policies, the premiums are protected and guaranteed to grow over time. This is a feature unavailable with any form of direct participation in the marketplace, such as through a mutual fund or a variable annuity.
In better market conditions, the owner of an Equity-Indexed Annuity may experience interest credits that outperform traditional fixed annuities. Because it is an annuity rather than a mutual fund, an Equity-Indexed Annuity offers important insurance features including tax deferral, a death benefit that may be paid outside probate, and annuitization.
Fixed Annuities are the traditional form of annuities. The insurance company guarantees both the rate of return and the payout. Fixed annuities offer a declared fixed interest rate that is guaranteed for a specific period and guaranteed to never go below a specific percentage.
Immediate Annuities are a type of annuity where you are guaranteed an income stream ranging from a specific period of time to your entire life. An immediate annuity offers a solution to the problem of outliving your money.
Living Benefits ensure peace of mind. We all know someone who has a parent or loved one who can
No longer take care of themselves. Perhaps you even have someone like this in your own family. Living
Benefits can give you piece of mind and help you mitigate the effects that long term care can have on
Your legacy. Living Benefits can also help with the escalating costs of medical bills. Too many terminally
Ill patients are faced with financial hardship as their health simultaneously declines. The last thing you
Need when faced with a health crisis is the additional stress of astronomical medical bills. Living Benefits
Allow the policy owner to accelerate a portion of the death benefit when the insured is diagnosed with a
Qualifying critical illness, terminal illness, or chronic illness.
AVANOTE can help you to structure your insurance so that your Living Benefits provide peace of mind in
Your most trying financial times.
Specific medical conditions that may qualify for the critical illness benefit include:
Different Types of Cancer
Major Organ Transplant