Insurance can make an enormous difference in how clients allocate funds — to help reduce risks associated with other areas of a portfolio.
Feliciano Financial Group’s professionals are dedicated to protecting the assets and financial security of individuals. We provide a full range of annuities, life insurance, long-term care and disability products through some of the nation’s leading issuers. Annuities and insurance platforms offer several benefits including flexibility, tax-deferred growth, estate planning assistance and fixed or variable retirement income.
Arriving at the best decision requires the advisor and client to discuss the client’s needs and investment profile, particularly as they relate to long-term objectives and risk appetite.
Structured in the right combination, life insurance can offer a sure way to transfer financial legacies via a death benefit with tax efficiencies and cash value growth potential.
For instance, while the overarching value of life insurance is the death benefit as a source of income replacement, some policies also have features that can be used to help consumers reduce risk and protect wealth from the effect of taxes, market volatility and longevity. Certain policies also have an investment component that, structured the right way, may accumulate a cash value.
Life insurance is a key part of retirement planning. The right coverage not only protects your loved ones but can help to pay for retirement as well. Life insurance can provide tax-advantaged retirement assets, especially if you’ve already maxed out your Roth IRAs and 401(k)s.
The options in life insurance seem bewildering, and they are difficult to understand at first glance. It’s hard to know exactly where to start. A Feliciano Financial licensed professional can listen to your wants and needs; then help you decide which type is right for you. Life insurance needs vary depending on your personal situation—the people who depend on you. How much coverage you need, the types of policies, and the costs can be daunting to dissect on your own, and a professional recommendation can help bring peace of mind.
All it takes is bringing in your current statement to complete this review. We will do a cost analysis to discern if the policy that you have still fits your and your family’s needs. For many, updating an old policy can improve cost and benefit.
Give your loved ones the income, security, and cash when you no longer can.
Many households are under-insured and under protected. That’s why you need to make a holistic life insurance policy part of your family’s financial planning.
Speak to one of our financial advisors to help you get answers to these questions:
- Do you have the right amount of coverage?
- Am I with the right insurance company?
- Do I have the right kind of policy?
- Leave a legacy that helps your loved ones.
Find out today how we can help you pick the most suitable insurance policy by calling 903.533.8585
Individual Health Insurance
Simply put, medical insurance is protection against medical costs.
A medical insurance owner is a contract between an insurer & an individual or group, in which the insurer agrees to provide specified medical insurance at an agreed-upon cost (the premium). Depending on your owner, your premium may be payable either in a lump sum or in installments.
Medical insurance usually provides either direct payment or reimbursement for expenses associated with illnesses & injuries. The cost & range of protection provided by your medical insurance will be contingent on your insurance provider & the particular owner you buy. If your employer does not offer a medical insurance plan, you may need to buy medical insurance by yourself.
Why You Ought to Buy Your Own Health Insurance Owner
For years, Americans expected their medical insurance to be provided by their employers. Health coverage came standard with most jobs, & plenty of people seldom worried about paying their doctor & hospital bills.
Those days are gone. Today, the rising cost of healthcare means that most companies cannot afford to offer coverage. & now increasingly people are taking a look at individual medical insurance.
Plenty of people think that individual health coverage is more expensive that group health coverage. & plenty of people think it is hard to find individual coverage that offers comprehensive health protection
Individual Health Makes More Sense
The reality is that individual medical insurance offers several advantages over group medical insurance. Sure, it’d be lovely if your boss paid ever last dime of your health premium – but that is getting rarer & rarer. Employers keep shifting more costs onto their employee’s shoulders. For plenty of American workers, every few months means a bigger chunk of their paycheck going to pay for their “employer-sponsored” insurance owner. & plenty of workers are finding that these insurance policies leave plenty to be desired.
Want to learn more? Call us today: 903-533-8585
Group Health Insurance
Medical expenses can quickly add up, and most people are unable to pay for health care out of pocket. In order to defray these costs, people purchase health insurance.
There are two primary venues for health insurance: individual policies and group policies. Although individual policies are gaining in popularity, group health is by far the most popular and common way for individuals to obtain insurance.
How Does Group Health Insurance Work?
A group health policy is purchased in bulk from an insurance provider. The purchaser is usually an employer, and the group policy covers all employees at that company. Individual employees will pay premiums as a way to reimburse the employer for the cost of coverage; these premiums are usually much cheaper than they would be if the employee bought an individual policy for himself.
Current legislation requires all employers to provide some form of health insurance to employees. This means that many employers are searching for the best deal on policies, creating a very competitive market. Many employers purchase two or three types of policies that can be chosen by employees through a cafeteria plan, while others prefer to purchase only one set of coverage that will apply to all employees who choose to participate.
What Are the Benefits of Group Health Coverage?
Buying insurance this way allows for risk to be spread evenly over a large group of people; even if some employees must use their insurance in one year, many more will pay premiums that year without requiring any insurance services. Spreading the risk allows the insurance company to keep premiums low. It also allows individuals to obtain insurance even if they would not qualify for an individual policy.
For example, some individual policies will require the insured to pass a physical exam before coverage can be applied. In other cases, people with pre-existing medical conditions cannot get an individual insurance policy, or can only get one for a heavy cost. Group health plans do not have these restrictions, making them an affordable health care option for people who are employed.
Not everyone will choose to enroll in their employer’s group health plan. Some people prefer the flexibility of another insurer, and some individuals would rather save money by avoiding insurance altogether and taking the risk of being uninsured. Most employees, however, will opt for group insurance, so it’s important for any employer to provide affordable options to the employees.
Where to Purchase Group Health Coverage?
If you are a business owner, you will want to purchase an affordable health care plan for your employees. The best way to find the best company to suit your needs is by comparison shopping online. You can generally filter these results by price, coverage or other criteria that will help narrow down the search to plans that will suit your needs.
Call us today: 903.533.8585
Today, it’s essential that everyone has insurance. But the important question is, what insurance best suits your needs?
The most suitable way to decide on a personalized insurance plan, is to speak to a qualified Financial Advisor. That’s because the kind of insurance you’ll need depends on numerous factors. And our Financial Advisors can expertly guide you through the process of identifying individual and healthcare insurance plans that are tailored to your unique situation.
Contact a representative today and schedule an appointment to discuss your insurance needs.
Call us on 903.533.8585