Annuities for Retirement
What is an Annuity?
An annuity is a contractual financial product sold by financial institutions. It is designed to accept and grow funds from an individual and then pay out a stream of payments to the individual at a later point of time. Annuities were designed to be a means of securing a steady cash flow for an individual during their retirement years and to alleviate fears of longevity risk, or losing one’s assets.
Quality Benefit Solutions offers two types of annuities. They are a fixed or fixed index. The fixed annuity offers a fixed annual guaranteed rate of return. Fixed index annuity offer either an annual, guaranteed minimum rate of return or a return from specified stock market index (such as the S&P 500®), reduced by certain expenses and formulas. Bonuses are attached to certain fixed index annuities and you will never lose your principle in an index annuity due to a down market. Both annuities will have surrender charges if monies are pulled out prior to end of the surrender period. Surrender periods are usually from 7 to 10 years depending on the annuity.
Please contact Mike 303-591-8788 or Andrea 303-699-2026 and let us show you how we can PROTECT YOUR FUTURE.
Short Term Recovery Care
Many people believe that once they have Medicare, a Medicare Advantage Plan or a Medicare Supplement Plan, that they have Stop-Loss protection. However, this is not necessarily true.
Do you have Long Term Care Insurance? If so, you could be protected. If not, here are somethings you should consider.
What happens when you are relying on someone to take care of you? Do you have resources to cover an extended stay in a facility or home health care? Can your children afford these expense or take care of you?
It's hard to admit, but as you age, you are more likely to have a hip knee or back problems. You also have a bigger risk for heart attack or stroke. Extended care is usually needed in these situations.
Medicare DOES NOT PAY FOR:
* National Average Cost 2018 - https://www.genworth.com/aging-and-you/finances/costofcare.html
Skilled Nursing Facility Charges - Medicare Pays
Days 1-20 - You pay $0
Days 21 - 100 - You pay $170.50/Day (May be less depending on your health care plan)
Days 101+ You pay 100%!
Cost varies based on age, elimination period, per day benefit and lifetime maximum days. However you can gain some protection for as little as $50/month. Underwriting is One class rate, no family history question and cause of disability, if disabled. Applicants with that are insulin dependent diabetics, will be declined. Contact us for a quote.
To find out more about Medicare and your supplemental options you can read Medicare and You. Or contact us,local licensed sales agents, at 720-922-7888. You can also learn more by attending one of Our Events.
As your local licensed sales agents, we understand Medicare and we will work to make your choice as simple as possible. We work with all companies, so we help you find the company and plan that best suites your needs. Call for an appointment with either Mike 303-591-8788 or Andrea 303-699-2026. Find out more about us here.
WE LOOK FORWARD TO WORKING WITH YOU!!