Broker Check

Insurance and Fixed Annuities

Planning for Your Loved Ones

Fixed Life insurance can help you protect your loved ones in the event that you should die prematurely, while fixed annuities can help you protect your retirement by generating guaranteed payments that are designed to last as long as you live. Guarantees are based on the claims-paying ability of the insurer.

Insurance, effective protection of assets

Insurance offers protection against the devastating financial effects of death, disability and long-term care expenses.

Fidelis Wealth Management performs extensive due diligence on select third party insurance companies and with our general agency partners make available only those that meet our criteria.

We can help you evaluate how to:

  • Help protect your loved ones with an appropriate type and amount of life insurance
  • Appropriately replace income in the event you become disabled and can no longer work
  • Appropriately pay for unforeseen long-term care expenses
  • Help your heirs pay estate taxes without liquidating the family business, real estate, securities or other valuable assets
  • Facilitate succession planning in a business or provide a meaningful benefit for key employees

Life Insurance

  • Term life that offers protection for a specified period of time.
  • Universal life that includes a cash value component for potential tax-deferred growth of policy cash value.
  • Survivorship life that insures the lives of two people and is often used for estate planning purposes.

Disability Insurance
This insurance can replace a portion of your income when you are unable to work because of injury or illness.

Long-Term Care Insurance
This insurance provides payments in the event you need assistance with certain basic activities of daily living, such as dressing, bathing, eating, walking, or getting in and out of a bed or chair.

Consider the fees and charges associated with a potential policy. Any guarantee is subject to the claims paying ability of the insurer.

Fixed annuities, effective protection of income

Fixed annuities offer the opportunity to accumulate assets for retirement on a tax-deferred basis. Fixed annuities may also enable you to:

  • Contribute as much as you wish, generally without limitation (insurance company maximums may apply)
  • Receive payments at retirement that are guaranteed by your insurance company to last as long as you live1
  • Take advantage of other insurance company guarantees that vary according to the annuity you buy, but may include a death benefit and minimum income stream2

Fixed annuities are contracts between you and an insurance company. In return for your purchase, you are assured of receiving a stream of payments in the future.  We can help you evaluate what types of annuities might make the most sense for you. For example:

  • Fixed-rate annuities may offer a fixed interest rate for a specified period of time  
  • Immediate annuities could be appropriate for individuals who need income right away or at least shortly after they purchase their annuity contract

Fixed annuities are long term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the insurer. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty and surrender charges may apply.

1 Guarantees are based upon the claims-paying ability of the issuer. Limitations and restrictions may apply. 

2 Death benefit is only during the accumulation period of the annuities. Additional guarantee benefits may be subject to additional cost separate from the annuity.