Hood Insurance Services

02/09/2023

02/05/2023

How is your family protected? What about a retirement plan you have set up? Think your 401k is enough, have you looked into it to see how much you are currently losing every month? What about an old 401k from a previous job that your losing everything in it, we can roll that over to something that will actually give you gains and help out your retirement. Reach out, ask questions I'm here to help explain everything to you and help better your future.

02/02/2023

Everyone check out my website nice little upgrade from the last one. Let me know what you think, might even learn something and need a quote ;)

View our products to see which one will fit your needs and protect your family. Get a quote from one of our licensed agents.

01/27/2023

01/24/2023

Man NatCon 2023 was crazy fun, when your on a winning team there is only way to go and that's up! The boys and I are going to take over and no one is going to stop us. Can't wait to cross that stage and one day be a speaker. Let's go boys!!!

01/21/2023

Was Asked this question so thought I’d share amongst the masses!

401(k) vs. IUL Differences:

• Unlike with traditional 401(k)s, IUL is funded with non-qualified money, or after-tax dollars. So what you pay into IUL has been taxed already. That’s good news for future income – and tax-free retirement income! IUL also offers the advantage of a tax-efficient death benefit for loved ones.
..what are some other differences?

1. Money within a 401(k) plan is exposed to losses from market downfalls! ❌

2. 401(k) plans don’t let you borrow against them with the same flexibility as you might with IUL!❌

3. 401(k) withdrawals before age 59.5 are subject to a 10% penalty and income taxation!❌

4. Unlike with the 401(k), distributions from an IUL policy, when taken as loans, are non-taxable
Withdrawals from a 401(k) are subject to more substantial tax liability!✅

5. There are less restrictions on contributions to an IUL policy than they are to a 401(k) plan!✅

6. In the 2023 tax year, the contribution limit for a 401(k) is set at $22,500!❌

7. With its contractual guarantees, IUL offers the benefit of preserving your earning power in your professional working years! ✅

8. Indexed universal life insurance can also be customized for different situations: there are riders for chronic illness, work disability, and other specialized circumstances✅

Based solely on this, which would you prefer?