Tuesday, April 4, 2017

 My name is Thomas Gucciardi. I present you with is some information on Life Insurance.  I decided to start with some basic information on Life Insurance. There are many variations of Life Insurance, here are some general definitions of popular types of Life Insurance that our producers at Global Financial Group have been selling.

Some Types of Life Insurance

1. Term Insurance is the most basic, and generally least expensive, form of life insurance for people under age 50. A term policy is written for a specific period of time. Usually 10, 20 or 30 years. A level term policy locks in the annual premium and death benefit.

2. Whole Life combines permanent protection with a savings component. As long as you continue to pay the premiums, you are able to lock in coverage at a level premium rate. Part of that premium accrues as cash value. As the policy gains value, you may be able to borrow up to 90% of your policy's cash value tax-free

3. Universal Life is similar to whole life with the added benefit of potentially higher earnings on the savings component. Universal life policies are also highly flexible in regard to premiums and face value. Premiums can be increased, decreased or deferred, and cash values can be withdrawn. You may also have the option to change face values. Universal life policies typically offer a guaranteed return on cash value, usually at least 4%. You'll receive an annual statement that details cash value, total protection, earnings, and fees.

4. Survivorship life Insurance (also referred to as last-to-die or second-to-die) is a unique type of contract that insures the lives of two people. It pays a death benefit upon the death of the second insured. Therefore, it is typically less expensive than two individual policies. Survivorship life is often used for estate planning, where it may be possible to potentially leverage today's dollars -- via insurance premiums -- into a potentially significant death benefit that can be used to fund estate taxes, create wealth for future generations, or benefit a charity. These policies may be available if one insured is medically "uninsurable."

5. First-to-die life Insurance insures the life of at least two people and pays a benefit upon the death of the first insured. This policy is useful for covering a mortgage or other large debt obligation where there is more than one debtor. In addition, it can be an ideal tool for funding a buy-sell agreement within a closely held business.

Sunday, February 26, 2017

Long Term Care/Home Care Coverage

My name is Thomas Gucciardi, 30 plus years of experience in assisting people with there life savings.
The need for LTC/HHC Insurance has never been greater. I am reminded on a daily basis from real life stories of children stricken with the cost of taking care of their ageing parents. My advice for all Americans is to call me for a free consultation As baby boomers retire at a rate of 10,000 per day in America, a large portion of them will require some assistance. The cost is extreme. Usually ranging from $3500.00 per month to $8,000.00 per month. (per person) Many insurance companies offer coverage. It is prudent that you obtain coverage at an earlier age, therefore the premiums will be affordable as you age. My advice is to obtain this coverage in your 50’s or early 60’s. The coverage is available to you into your 80's. So it is never to late to discuss this important coverage. The products are strictly underwritten as the carriers are taking on a huge risk. As a licensed professional I have a responsibility to inform you of what products will save your life savings and independence.

I am proud of the quality business that my family of Global Financial Group agents have provided to our clients. The LTC/HHC line of products is important to your retirement. Start early and pay less.