FCT Financial and Insurance Services

FCT Financial and Insurance Services Providing seniors with Health Care Options, Private Health Care, and Financial Planning.

Please contract FCT for a FREE In-depth policy review Call: (840)234-8282 today!! Providing Senior with Health Care Options, Private Health Care, and Financial Planning.

05/31/2024

Great topic! Indexed Universal Life (IUL) insurance offers living benefits that can be valuable for business owners and individuals alike. Here's a brief overview:

Living benefits of IUL insurance include:

1. *Tax-free cash accumulation*: Your policy can earn interest based on the performance of a specific stock market index (e.g., S&P 500).
2. *Flexible premium payments*: You can adjust your premium payments or skip them altogether, as long as your policy has sufficient cash value.
3. *Tax-free loans and withdrawals*: You can borrow against your policy's cash value or withdraw funds tax-free, as long as the policy remains active.
4. *Supplemental retirement income*: IUL insurance can provide a tax-free income stream in retirement, helping to diversify your income sources.
5. *Business protection and succession planning*: IUL insurance can be used to fund buy-sell agreements, key person insurance, and other business protection strategies.
6. *Estate tax liquidity*: IUL insurance can provide a tax-free death benefit to help cover estate taxes, ensuring a smoother transition for your business and loved ones.
7. *Long-term care funding*: You can use your policy's cash value to fund long-term care expenses, helping to preserve your business and personal assets.

Keep in mind that IUL insurance is a complex product, and it's essential to consult with a licensed insurance professional to determine if it aligns with your business and personal goals.

Feel free to share more about your business and how you're utilizing IUL insurance. I'm here to listen and offer support!

09/16/2022

Most private individual health insurance coverage in the U.S. has different premiums based on age, pre-existing conditions, etc. Group coverage in most cases has equal premium costs for all the people in the group.

09/15/2022

IRA’s are individual retirement accounts. You may rollover your IRA or transfer it if you wish to move your retirement money from one account to the next. Penalties and fees may apply, so it’s best to speak with a professional about your individual situation.

09/13/2022

When looking through your health insurance policy, you might see the phrase "generic drugs." These are medications that have the same active ingredients in the same amounts as brand-name products. All generic drugs have been approved by the FDA as substitutes.

09/11/2022

We can review your current Medicare insurance plan with you and show you gaps in coverage that could be a pitfall down the road. Why leave yourself exposed to the vagaries of fortune when you can receive the protection you need.

09/10/2022

The 529 college savings fund does have tax benefits as well. Any contributions and earnings that are accumulated in the account can be withdrawn tax free as long as the money is used toward higher education. State taxes vary by state.

09/09/2022

While healthcare costs are rising for everyone these days, this doesn’t mean that there aren’t affordable options out there when it comes to offering your employees group health insurance. We can help you find the perfect plan that fits both your employees' needs and your budget.

09/08/2022

Let’s say paying college costs for two kids so they don’t have to take out loans is a financial goal. If you haven’t studied college costs and figured out a way to save, invest, and reach that figure, how can expect to help your kids? A financial planner can help you come up with a plan and then meet with you regularly to make sure you don’t stray from that plan.

09/06/2022

A key number on your health insurance policy is the out-of-pocket limit. This is the maximum amount that you will pay for covered services in a single year. Depending on the plan, it might or might not include the deductible, coinsurance, or copays.

09/04/2022

As professionals in the industry, we will work closely with you and your company to find the best and most affordable group insurance for your company that provides the greatest range of coverage.

09/03/2022

We realize how scary it can be the first time you learn how much money you’ll need to set aside to pay for the retirement lifestyle you want. If you need help breaking it down into chunks that your budget can handle, we’re always here for you.

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Services Available In:
Riverside, CA
92505

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm
Saturday 8am - 8pm

Telephone

+18402348282

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