DEZ Financial Group

DEZ Financial Group DEZ Financial Group provides lifelong ongoing service to meet your Life Insurance and Medicare needs. Ensuring the best solution with our personalized reviews.

Licensed in: GA, IL, KY, NC, NJ, OH, SC, TN, TX. (Soon to add AZ, CA, FL, & PA).

I'm 50 and have work coverage. Why should I buy Life Insurance Now?Great question. In most cases, Work provided Group Te...
09/27/2023

I'm 50 and have work coverage. Why should I buy Life Insurance Now?

Great question. In most cases, Work provided Group Term coverage lasts as long as you are actively working. For most it means it ends at retirement or when you move on to another employer, for some, it's paused and not in effect if the employee is on a leave of some kind like FMLA, maternity, STD, or LTD.

Now imagine you wait 15 years until retirement to get a policy of your own. You will be limited to about 15-20 year term policies with most carriers limiting your coverage age to 80-85. If you pick it up at 65 you will pay about 70-90% more in premiums when you start.

Plus, even more worrisome is, if you can even get approved at all. Most people experience major medical issues between 50-65 and any one of those could skyrocket prices or result in a denial.

If you buy a whole life policy now at 50 it will cost a little more than Term at 65, but it offers a lifetime of coverage, building cash balances, and in some cases a decent growth on the cash balances that you can access tax-free in retirement through policy loans. (You may lend to yourself for low or no interest depending on your insurance carrier)

In some cases, it is actually cheaper to get the permanent 100% will pay out policy NOW when you are 50, than it is to buy a limited Term Life Policy that expires sometime around 80 years of age.

Historically only 3% of Term life policies ever pay out a death benefit. 97% of Term policies, expire, or terminate due to employer separation or retirement, or terminate due to missed premium payments.

Permanent Life Insurance pays out the death benefit as long as you have paid your premiums and many build up a buffer of cash to cover the payment even if you fall short some months.

So if you don't know your final hour, it is good to prepare to cover all expenses your estate will have and leave a legacy for the loved ones you leave behind.

Does your Financial Advisor recommend fixed annuity solutions as part of your low risk basket of solutions? If yes, that...
09/14/2023

Does your Financial Advisor recommend fixed annuity solutions as part of your low risk basket of solutions? If yes, that's great. If not, why not?

We love Financial Advisors and what they can offer to a retiree or nearly retired individual's plan. The service is full of benefit and focuses on balancing risk as you progress from risk taking contributor(age 20-50) to safety seeking consumer of retirement dollars(Age 50+)

Sadly there are many Advisors who never engage in learning about and offering annuities apart from the high risk high reward Variable kind that are offered by securities licensed individuals during the risky contributor phase of life. There is a time for that solution for some individuals.

There are also tremendous advantages to having a portion of your portfolio in a Fixed or Fixed Index Annuity offered by life insurance licensed agents or brokers.

Many top Advisors include them in their offerings or have partnerships with Trusted Life Insurance Annuity Experts to serve their clients needs.

This recent study shows that an Financial Advisors likelihood to have recommended and include an annuity or group of annuities in their plan is directly tied to their knowledge of them. Knowledge that is entirely voluntary to obtain. Thus there are many who never do aquire it and subscribe to tribal knowledge from other advisors that do not utilize fixed annuities.

In the end there develops a bias against using anything but variable annuities.

Once informed on how they work, Financial Advisors can see which retirement problems they solve that other products cannot do, or do as well.

Such as these to name a few:

1.) Protect principal or provide Tax Deffered growth with No principal loss.

2.) Have options to reduce a portion of your IRS mandated RMD balances so your money can grow and stay under the next tax bracket that will cost more in taxes.

3.) Generate income to exceed the 4% rule and achieve 2-3 times that payout with 8-12% guaranteed payouts for life for both spouses lifetimes, maximizing income and closing income gaps.

Advisors find that these products are a valuable fit in a safe low risk portfolio. Most retirees need that safety when they are in a spending/drawing-funds phase of life.

A retiree portfolio of stocks with $500k would sell off 3.5-4% of its assets annually to provide income. Potentially having more or less each year due to market fluctuations.

Imagine setting aside 1/3 of $500k for 12% income payouts for life and using the other 2/3 in a blend of guaranteed growth products and other guaranteed income products like dividend stocks, federal and state municipal bonds, and dividend paying mutual funds.

It's an option when planned ahead of time (typically one plans 5+ years before income is needed to achieve higher payout %, immediate income annuities range between 6-7% payouts.)

If such great solutions exist they should be presented to fulfill the duty of doing what's best for a clients overall goals and needs.

We know many Advisors who have done the work and provide value to their clients. They reduce risk in the portfolio, increase income and work towards never depleting the retirement portfolio.

If yours has not discussed the benefits of a fixed annuity as part of your overall solution, then it may be wise to ask why not, or seek out the information from an Life Insurance Professional.

You worked long and hard, Your retirement deserves to know all your options so you can make a fully informed decision on what solutions provide the best overall outcomes.

Advantage No. 15 of ROTH converting Qualified Money When you convert your balances, All future withdrawals are not Count...
08/01/2023

Advantage No. 15 of ROTH converting Qualified Money

When you convert your balances, All future withdrawals are not Counted as income. Thus you may drop your tax bracket to a lower bracket for all your retirement years. Need an example?

EXAMPLE in 2026 with new higher tax brackets.

$1,000,000. 401K balance
RMD 3.75% = $37,500 taxable income

Social security income $60,000 combined between husband and wife.

After the new LOWER Married Joint filer standard deduction of approximately $13,500. That's :

$60,000 Social Security
$37,500 401k RMD
--------------
$97,500 Total Income
-13,500. Standard Deduction
--------------
$84,000 = 25% Tax Bracket.

VS

$60,000 Social Security
$0 ROTH withdrawals 37.5k
-13,500
--------------
46,500 = 15% tax bracket

Saving $6560 approximately that tax year.

Depending on personal circumstances and needs, reasons to consider buying a child life policy may include:1. Your child’...
12/29/2022

Depending on personal circumstances and needs, reasons to consider buying a child life policy may include:

1. Your child’s future insurability is important to you. Most children’s policies are a form of whole life insurance, which provides coverage for a lifetime so long as premiums are paid regularly. Once your child reaches a certain age, they may be able to buy additional coverage, regardless of their current health or occupation.

2. You want to lock in lower premiums. Generally speaking, the younger the insured person is, the cheaper their premiums will be. Insurance companies lock in these low rates for policyholders at the time of coverage and will not increase them over time.

3. You’re saving for the future. Whole life insurance policies contain a savings component, which is called the cash value. This cash value grows over time, usually at a fixed rate, and can be borrowed against or paid out if the policy is surrendered.

Jason George
DEZ Financial Group
931-263-6614
https://www.dezfg.com/book-online




PROS and CONS of working with a life insurance agentPROS1. Expert advice. Agents are experts in their field, and they ca...
12/27/2022

PROS and CONS of working with a life insurance agent

PROS
1. Expert advice. Agents are experts in their field, and they can help you to navigate the many providers and policies on the market.

2. Help with the application. Most agents will assist you in completing your policy application, which can be complicated to understand.

3. Speedy approval for other policies. Many agents also sell other types of insurance — like disability — and can keep your application on file for a quicker turnaround time.

CONS

1. Commission-based. Ultimately, life insurance agents are salespeople. Be wary of upselling — if you buy a more expensive policy, the agent stands to make more money.

Trust is an important factor in any kind of service. I am more interested in helping you get what you need, than selling an overpriced policy. Just ask my current clients.

Jason George
DEZ Financial Group
931-263-6614
https://www.dezfg.com/book-online


A life insurance policy ensures that, if you die while the policy is active, your beneficiaries will get a lump sump of ...
12/23/2022

A life insurance policy ensures that, if you die while the policy is active, your beneficiaries will get a lump sump of money, tax-free. Your beneficiaries will be able to use that money for whatever they need. Common uses include:

End-of-life expenses: Including funeral and medical bills

Outstanding debts: Including mortgages, credit card debt, private student loans, and car loans

Childcare and other child-rearing expenses: Including camp tuition, sports fees, and other expenses

College tuition: Including room and board

Let's make sure your family is covered.

Jason George
DEZ Financial Group
931-263-6614
https://www.dezfg.com/book-online



Who needs life insurance? You do if you answer yes to any of these: Do you have people who rely on your income for finan...
12/21/2022

Who needs life insurance? You do if you answer yes to any of these:

Do you have people who rely on your income for financial support?

Are you a Spouse, parent, caretaker, or a business owner?

Are you a co-signer of a loan?

If no one relies on you financially now, but you expect that to change in the next few years, it may make sense to buy life insurance now to lock in cheaper rates.

Jason George
DEZ Financial Group
931-263-6614
https://www.dezfg.com/book-online



We missed making a post this week, but how about we trade it for a post? Which mountain are you climbing right now? ...
12/21/2022

We missed making a post this week, but how about we trade it for a post?

Which mountain are you climbing right now?

Life insurance can give you lasting peace of mind in terms of the assurance that you have provided a legacy. Some of the...
12/19/2022

Life insurance can give you lasting peace of mind in terms of the assurance that you have provided a legacy. Some of the most common reasons for buying life insurance include:

1. Guaranteed protection
If you have a family, a business, or others who depend on you, the life insurance benefit of a whole life policy acts as a financial safety net. When you die, your beneficiaries will receive a lump-sum payment that is guaranteed to be paid in full (provided all premiums are paid and there are no outstanding loans). It’s essential protection that you can count on to be there for your loved ones when needed.

2. Income replacement
Imagine what would happen to your family if the income you provide suddenly disappeared. With whole life insurance, you can help make sure that your loved ones have the money they need to help:
Pay the mortgage
Afford childcare, health care, or other services
Cover tuition or other college expenses
Eliminate household debt
Preserve a family business

3. Tax-free benefit
Your beneficiaries will be able to enjoy every penny you leave them. That’s because the benefit of a life insurance policy is generally passed along federal income tax free.

4. Guaranteed cash value growth
As you pay your premiums, your Whole Life policy builds cash value that is guaranteed to grow—tax deferred—and can help meet a variety of financial goals:

Supplement retirement income
Fund a child or grandchild’s education
Pay off a mortgage
Protect existing assets
Establish an emergency fund

5. Dividend potential
One of the benefits of purchasing whole life insurance is that you will be eligible to receive dividends. Although they are not guaranteed, when dividends are awarded, you can take them in cash, use them to offset your premiums, or use them to buy paid-up additional insurance that increases your coverage and cash value, use them to offset your premiums, or take them in cash.

6. Optional riders
There are several ways to tailor a whole life policy to meet your individual needs. For an additional cost, you can use riders to purchase additional protection without further underwriting, to pay your premiums if you become disabled, to use some of your face amount to pay for chronic illnesses, or to purchase coverage for your children.

Jason George
DEZ Financial Group
931-263-6614
https://www.dezfg.com/book-online



A little Friday Fun for you! Let's see those emojis...🤦‍♀️🙄🤪
12/16/2022

A little Friday Fun for you!

Let's see those emojis...
🤦‍♀️🙄🤪

Very Important Question for you on National Cupcake day! Which would you choose? Fruity Cupcake or Chocolate Cupcake? Le...
12/15/2022

Very Important Question for you on National Cupcake day! Which would you choose? Fruity Cupcake or Chocolate Cupcake? Let us know below!



Address

Clarksville, TN

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+19312636614

Website

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