FAQs
Helpful Information
You can find answers to frequently asked questions below or feel free to contact us here.
How do I begin my journey?
The process begins with a free consultation (in-person or via zoom)… in this discovery meeting, we have an fiduciary obligation to uncover your five w's. After learning your goals, we can tailor a custom plan that allows your money to grow more efficiently i.e. work smarter. Jump start your journey by filling out pre-qualification survey then download required needs analysis form.
Who can sell annuities?
Annuities can only be sold by licensed insurance professionals who completed product specific training. The insurance professional must be a representative of the insurance company and must hold a valid insurance license in your state. Representatives are compensated by the insurance company. No sales compensation is ever deducted from your annuity principal.
You are never too young to plan for your future and an annuity may be a good choice for your long-term savings goals, such as for retirement. The question you need to ask yourself is - “will I need to access the money before I am 59 ½?” Although you can take a distribution from an annuity prior to age 59 ½, the distribution may be subject to a 10% premature distribution penalty. If you think you may need to access this money on a more short term basis, an annuity may not be the right savings vehicle for you.
The idea of buying life insurance for your child is something no one wants to consider because it forces us to consider the unthinkable. But purchasing a policy for a child isn't just about having financial protection if the unthinkable happens; it's about ensuring the child's financial future.
Purchasing a policy also locks in the child's insurability. Usually, children don't have to go through a medical underwriting process - the parents simply answer a few medical questions. As long as the policy remains in force, the child will always have life insurance. Most insurance policies today also offer optional riders that will allow the child to increase their insurance coverage when they reach certain milestones in life.
In many cases, yes, if the ownership of the two policies is the same. You will need to go through new underwriting for the new coverage. To avoid taxation on the cash value in your policy in excess of premiums paid, you will want to consider an exchange under Code Section 1035. 1035 Exchanges allow for a tax-free exchange of one life insurance policy for another. There may be circumstances where replacing one policy for another is suitable for your circumstances, but in most cases we believe that replacing an existing policy for a new one is usually not in your best interests. Work with your agent to get all the facts before making such a decision.
If your insurance protection is Term life, you will have a grace period to make your payment. If by the end of the grace period you have not made a payment, your policy will lapse and you will no longer have coverage.

If your insurance protection is permanent life insurance, you will have a grace period to pay your premium plus some additional options. It may be possible that your policy has sufficient cash value to pay the premium from those policy values. Just be aware that using policy values and benefits to pay the premium due will reduce the policy's cash value and death benefit, and may increase the risk of lapsing the policy. If you don't have sufficient cash value to pay the policy premiums, you may have the option to reduce your face amount to a level that doesn’t require a premium payment.
Most importantly, if you are having trouble making your payment, contact the insurance company customer service area. They will be able to give you specific options for your policy.