At it's core, life insurance provides a death benefit to the beneficiary when the insured person dies. When done correctly, this benefit is tax-free. There are many ways to accomplish this, depending on what you want covered, for how long, and what your budget is. Life insurance also can provide tax advantaged income to the owner of the policy, while they are alive, when structured correctly.
Term is an inexpensive way to cover a temporary need, such as a mortgage or to replace income while children are in the home. These are typically 10, 20, or 30 year periods and do not build cash-value.
Permanent life insurance is designed to be there for your beneficiaries, not matter how long you live. To accomplish this, your premium is higher in the earlier years, so the additional money can grow to pay your premiums in the later years. It is important to select a policy that is guaranteed to an age that is fitting for you, to ensure you do not run into problems when your family will need it most.
Permanent life insurance allows your to "over-fund" your premiums to the point where the cash-value is more than enough to keep your policy in-force for the rest of your life. When done correctly, the IRS (section 7702) allows you to access some of the cash value in your policy tax-free during your lifetime, as long as the policy stays in-force until your death. These are primarily appropriate for consistently higher income individuals who are already maximizing other retirement options.
Life insurance can be used for charitable giving, allowing donors to leverage their premiums and leave a larger amount to the charity of their choice. When combined with charitable trusts (designed by their attorney), the donors may also be able to realize tax benefits during their lifetime.
We work closely with business advisors to make sure your business and key employees are also protected:
Key Employee - insurance can provide a benefit to your business to help offset the financial loss from the death of a key employee.
Buy-Sell Agreement - businesses are rarely bought/sold in an all-cash transaction between partners. The funding can be done through seller carry-backs, bank-loans, or other methods AND secured by life insurance in the event of the death of one of the partners.
Elder care expenses have skyrocketed over the past few decades. Our objective is to create a solution that allows our clients to retire with dignity, especially when they are no longer to take care of themselves. There are several ways to accomplish this, from family assistance, self-paid assistance, Medicaid, and private insurance companies. We help our clients understand these options and select the optimal solutions. When insurance is involved, we have several traditional and hybrid options.
If you are sick or injured and unable to work for an extended period of time, disability insurance will help keep your family expenses covered until you are able to work again. Many clients have this option through their employer and we are happy to help review these options. If you do not, and/or are self employed, this can be one of the most important insurance coverages you can add. When selecting disability insurance, it is critical to ensure that you are covered for your own occupation and
Fill out the form with any questions you have about finding the coverage that's right for you! We are available by phone/email, video call (Zoom/Teams), or we can meet in-person.
33804 North Pate Place, Cave Creek, Arizona 85331
Mon | 09:00 am – 05:00 pm | |
Tue | 09:00 am – 05:00 pm | |
Wed | 09:00 am – 05:00 pm | |
Thu | 09:00 am – 05:00 pm | |
Fri | 09:00 am – 12:00 pm | |
Sat | By Appointment | |
Sun | By Appointment |
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