Insurance and Annuity Services
Portfolio Resources Group’s insurance and annuity department is a comprehensive resource that ensures you will get the best solutions to meet your needs. Call your advisor today to begin planning for your future goals.
Life Insurance
Life can be confusing and complicated at times, including the decision to purchase life insurance. Understanding different types of life insurance and when they are appropriate should ultimately be left to knowlegeable professionals, but it’s important to make sure you have a basic understanding of the different types of life insurance policies and how they can meet your needs.
Term Life Insurance
• Not permanent (coverage lasts for a set period of time)
• No cash value component
• Guaranteed returns
Whole Life Insurance
• Permanent policy
• Provides protection while serving as an asset accumulation vehicle
• Premiums can be set at an annual fixed rate or increase with age
Indexed Universal Life Insurance
• Permanent policy
• Combines term insurance with a market rate of return
• Returns are not guaranteed
Variable Universal Life Insurance
• Permanent policy
• Has an investment fund tied to a stock or bond mutual-fund investment
• Returns are not guaranteed
Annuities
Are you looking for a safe – secure – guaranteed stream of income during retirement?
Fixed and indexed annuities provide guaranteed lifetime income with the potential of stock market-linked growth. With these annuities, you get upside growth potential without risking losses in an unstable market environment.
