Financial Centers of America, Inc

10/10/2023

There are many common misconceptions about life insurance. Come to the experts to learn the truth! 407-679-1599. We're here to help!

“Life insurance costs too much.”
“It’s too much of a hassle to buy it.”
“Its benefits are ONLY for after I die.”
“I have enough through my job.”

09/26/2023

When it comes to retirement, everyone has different needs, wants, and goals. There are many ways to pay for retirement. For some people, securing a retirement income is a top priority. One way to do this is through an annuity. An annuity allows you to accumulate money that may be turned into a guaranteed income stream for the rest of your life.

09/25/2023

The term “cash surrender value” (CSV) refers to the sum of money an annuity contract owner or a policyholder is entitled to when they voluntarily terminate their insurance policy ahead of its scheduled maturity.

In other words, the CSV refers to the savings component of the permanent life insurance policies(especially whole life insurance policies) that the insurance companies need to pay in case of policy termination before maturity.

The CSV is part of the permanent life insurance policy’s cash value that will be available to the owner of the policy when the policy is surrendered before maturity. The amount of money to be received as CSV varies depending on the age of the policy. In most cases, CSV could be significantly less than the policy’s actual cash value if the withdrawal happens before a pre-determined tenure.

09/22/2023

09/21/2023

Retirement brings a whole new set of questions and considerations and it's important to get the right answers so you can have the retirement you want, call FCOA today.

09/19/2023

For many Americans, fixed annuity products offer pre-retirees and retirees the types of benefits that can help ensure financial stability for the long haul. These retirement vehicles are one of the only products uniquely designed to provide a combination of benefits that protect hard-earned dollars, allow tax-deferred growth, provide increased interest opportunities and can guarantee lifetime income.

There are now 75 million Americans who rely on annuities and other insurance products for financial and retirement security. There are a variety of annuity products on the market that offer various options depending on your individual retirement goals. Speak with FCOA to determine what type of product best suits your retirement planning needs.

09/18/2023

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09/14/2023

Named after the section of the Internal Revenue Service (IRS) code that established them, 529 savings plans are one of the nation’s best ways to save for higher education expenses. These qualified tuition plans allow federal tax-free withdrawal of earnings and the potential for tax deductions, which can help families afford the rapidly increasing cost of college. A primary benefit of 529 plans is the high contribution limit. Each state operates its own 529 plan and makes its own rules for the plan, so maximum contribution levels vary across states. Fortunately, 529 limits are usually high enough that most will never have to worry about hitting the ceiling. However, anyone who considers attending a private university might need to save a significant amount of money.

09/13/2023

After decades of saving, it's time to start spending once you enter retirement. But how much can you safely withdraw each year without needing to worry about running out of money? The answer is critical, as retirement can last 25 years or more these days, call FCOA to implement a strategy that's built for the long haul.

09/12/2023

Protect yourself and your family from life's unexpected moments. We offer a full range of insurance for all your personal needs.