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A private practice in SWFL protecting your assets and family since 2007. We explain what is available by law allowing you to make a choice insuring your retirement plan and preparing your beneficiaries.
A private practice in SWFL protecting your assets and family since 2007. We explain what is available by law allowing you to make a choice insuring your retirement plan and preparing your beneficiaries.
SHORT TERM; 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 . This is similar to renting a car, you own nothing at the end of the term receiving payout only upon death. A $10k Burial/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.LONG TERM; Beyond living benefits, Whole Life insurance is a powerful tool for building generational wealth and Estate Planning, transferring wealth to heirs tax free and preventing the forced sale of other assets (like a family business or real estate). For high net worth individuals an Irrevocable Life Insurance Trust [ILIT] is a specialized, permanent trust designed to own your life insurance policy. By removing the policy from your taxable estate, it helps your heirs avoid federal estate taxes, provides liquidity, and protects proceeds from creditors.Medicare - plans change annually, celebrity infomercials are misleading. Your health and financial situation will narrow the field of options. Call/text, leave VM. No sales, no risk, no fee, no bull, licensed by the Florida Department of Financial Services.
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