We believe our main goal is to help individuals, families and businesses obtain the health and the security that being prepared for an illness and a serious unpredictable economy trouble could give you. We offer you the peace of mind you need to live a life with an immense comfort.
Most people think of life insurance as a benefit that provides financial security when the person passed away. But wouldn’t be for your better interest if the benefit were able during a chronic or terminal illness? This benefit is called “Accelerated Death Benefit Ride.” You can obtain the benefits while person still alive.
Term Life insurance gives you the flexibility you might be looking for. It provides you coverage for a specific period of time. You will only pay it as long as you need it. Term life insurance does not collect cash value.
Whole life insurance is exactly what the name implies; it’s designed for a person to keep during a long time period. It pays a benefit on the death of the insured and also accumulates a cash value.
Annuity is a long term investments that is created to help secure and increase your savings. When you make a payment, what you grant, are adapted into periodic payments that can last for the rest of your life.
At some point we all need medical insurance, in case of any emergencies or scheduled visit to the doctor. Choosing the right plan is fundamental. We offer you individual, group and Obama Care coverage and many other companies. We have one goal and it’s to help you get the right insurance for you.
- Obama Care: Obama care is officially known as the “Affordable Care Act.” Your income and your health won’t be an issue to get a good and affordable health care for you and your family.
We have plans to fit your health and budget needs. It’s a simple coverage that an individual purchases for him/her or his/her family, not offered by an employer. A person must enroll during an open enrollment period to gain coverage for a year.
Group health insurance plan is offered by your employer with the same benefits to all employees or members of the group.
There is no one-size-fits-all when it comes to planning for retirement. It’s like planning a vacation. Different vacations require different budgets, different maps, different clothing. So it is with retirement.
We sit with our clients and talk with them about their vision for the future. Do they want to travel? Stay home with the grandkids? Upsize? Downsize? Live off the grid? Live in a big city?
Then we strategize. We look at current expenses and then project future expenses. We evaluate current assets, adjusting for future taxes and inflation, and draw up a plan, a road map, that gives us a pretty good idea of how and when all the elements for retirement will come together.
Most of the time our goal involves creating a lifetime income stream so that our clients will never need to worry about running out of money.
Two crushing handicaps for people who enter retirement are a lack of income and a lack of cash. Overcoming the lack of income begins with Income Planning. More than ever before, retirees are dependent upon their investments to generate retirement income. Income Planning is an essential part of retirement, but is often times set aside due to other life priorities. Most people consider contributing to their 401(k) plan all the “income planning” they need. Planning for your income in retirement requires much more attention than it receives and should be addressed early in your career. Typically, retirees are told they should plan to retire with at least 60-70% of their pre-retirement income; however most retirees know they really need about 100% of their pre-retirement income to stay comfortable. There are different sources to consider when developing a retirement plan such as social security, defined benefit pensions, VA pensions, 401(k) plans and IRA’s and investments and savings.
Retirement Income planning (the orderly and strategically timed distribution of assets in retirement) begins where the accumulation of assets ends. One of the most difficult things for people to change is their mindset when moving from an accumulation phase to a distribution phase when they start thinking about retiring. Many people continue to hold on to the idea that how much they earn on their money is most important, and it is, if you are young and working and still accumulating assets for retirement.
However, what you earn on your money is secondary and much less important when you enter retirement. What is important is the safety, security and the preservation of the very assets that will generate your income streams for hopefully 30 or 40 years of retirement!
If you lose what you have, it cannot generate an income check for you every month and you may find yourself extending your working life or worse yet, looking for a job in your retirement years.
Income Planning is best when we work toward a strategy that allocates assets in a manner that places a heavy emphasis on safe and secure streams of income that continue over long periods of time. This is extremely important because Americans are increasingly being forced to rely upon their own retirement savings to create the retirement income they will need. With longevity increasing and interest rates low, creating durable streams of retirement income can be challenging. There are no take backs in poor retirement planning.
Social Security is the most common source of lifetime income; however, under a normal situation, it can’t be drawn on until age 62 and that amount will be at a reduced rate for the rest of your life.
The longer you can hold off taking Social Security retirement income will ensure larger amounts in the long run. For example, if you have an entitlement of $1000 per month at the age of 62 but wait until your full retirement age of 66 you would be entitled to $1400 per month. That is an increase of 40%; however, if you can withstand until age 70, your check each month would be $1900 which is a 90% increase.
The Social Security program is the topic of many discussions in terms of spending cuts; this leads many people to start withdrawing their benefits as soon as possible. It is important to calculate where your breakeven point would be on those three options to ensure you are receiving enough income for the rest of your life.
DEFINED BENEFIT PENSIONS
Some companies offer a defined benefit pension plan that provides retirement income. This income is based upon your pre-retirement income and anything else you contribute to the plan and is designed to last for the life of the employee.
There are several options to choose from when selecting this type of retirement plan that may convert your retirement income accounts into lifetime income streams. More than likely, your retirement income planning will include converting your assets into income streams.
No matter what financial challenges you face – whether it’s debt, limited savings and investments, or lack of life insurance — they can be resolved successfully. By providing you with a better understanding of your financial situation and access to products and solutions that are appropriate for your specific goals, your 2beinsured associate can help you achieve your dreams.
Common Challenges 2BEINSURED believes that having a solid understanding of the challenges families and individuals throughout North America face is an important first step to overcoming them.
Living Benefits is the cornerstone of the edge that 2BEINSURED provides for it’s clients.
Most people purchase life insurance to provide legacy of financial security at the time of their death. But doesn’t it make sense for the most benefits to extend and be available of the difficult financial times that have to face if a chronic, critical or terminal illness precedes death?
Most of us are in this profession because of a sincere desire to help others in a manner that is both unique and timely. Living Benefits is one of the reasons why the 2BEINSURED family of agents is so passionate about what we do every day.
We feel that you should have access to benefits you can use, while you are living. The products we offer provide COMBINED solutions that you can afford to have, but cannot afford to be without. This combination of benefits can help protect your plans for today and tomorrow.