Ricran.com - Senior Financial Services

A private practice in Naples, FL protecting your assets and family since 2007 we explain what is available by law allowing you to make a choice

Burial - Estate Planning - Term Life - Whole Life - Medicare - Portfolio Self Management

A $100k term life policy at age 50, expect to pay roughly $14-$21 per month for females and $21-$52+ per month for males, depending heavily on health, gender, and the specific term length (e.g., 10, 20, 30 years), with rates rising significantly with age and health risks, though some sources show lower costs like $13/month for a female or $22/month for a male for a 10-year term . A $10k Final Expense policy at age 50, expect average monthly premiums to range roughly from $24-$39 for females and $31-$46 for males, with exact costs varying by insurer, health, and tobacco use, but generally falling within the $25-$50 range.

Beyond living benefits, life insurance is a powerful tool for Building Generational Wealth and Estate Planning transferring wealth to heirs efficiently as a Tax-Free Death Benefit. For high-net-worth individuals, properly structured life insurance can provide liquidity to pay estate taxes, preventing the forced sale of other assets (like a family business or real estate). Placing the policy within an Irrevocable Life Insurance Trust (ILIT) removes it from your taxable estate, allowing the death benefit to pass to heirs without being subject to estate taxes eliminating 3rd party access. This is how the Rockefeller family built and maintains multi-generational wealth. Wait, what? You don't understand? Call or text now, we'll  show you.

Portfolio Self Management is making decisions based on your own research rather than hiring a CFP, eliminating  3rd party bilking.  Asset Allocation is dividing investments among stocks, bonds, and cash to manage risk and return. Diversification is spreading investments across many assets to reduce risk. Rebalancing is periodically bringing the portfolio back to the target allocation. Strategies: Reducing fees and focusing on tracking the market average typically for 90 days. The Lifecycle involves setting objectives, asset allocation, implementing (buying) the portfolio, and continuous evaluation/monitoring. 

Using the tax code legally minimizes taxation. The wealthy  continue to grow wealth thru  life insurance.  Eliminate 3rd  party CFP's stacking and rotating assets monthly thru automated reallocation which  pays the CFP reallocation fees arbitrarily padding their paycheck from your assets. 'Our algorythm said it was time'. BS, we have seen this so many times it is redundent, legal extortion. No one manages your money better than you... straight talk, common sense, smart money.