An independent insurance broker can offer physicians a variety of individual disability insurance options to protect their income in case they are unable to work due to accident or illness. As brokers represent multiple insurers, they can customize a plan with important features like own occupation definition of disability, cost of living adjustments, and mental health coverage. Disability insurance is important for physicians given statistics that nearly 3 in 10 20-year-olds will become disabled before age 67 and over 1 in 5 workers will have a long-term disability during their career. Meeting with a broker can help review coverage needs and identify discounts for optimal income protection.
There are many topics surrounding IRA's, from establishing the account to the year-end tax benefits. You and your members have questions, and we have the answers! During this free recorded webinar, we will educate you on the basics for both Traditional and Roth IRAs, including how to establish and fund IRAs for members. For more info: www.nafcu.org/ascensus
There are many topics surrounding IRA's, from establishing the account to the year-end tax benefits. You and your members have questions, and we have the answers! During this free recorded webinar, we will educate you on the basics for both Traditional and Roth IRAs, including how to establish and fund IRAs for members. For more info: www.nafcu.org/ascensus
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
The primary planning goals are to:
Provide for the financial security of the surviving spouse.
Maintain Carter Manufacturing as a viable company in their hometown after they exit the business.Maintain their customary lifestyle and gifting. This should take approx. $650,000 annually after taxes.
Eliminate or reduce estate taxes.
Maintain adequate gifting to their children and grandchildren. Their main priority is providing funds for their grandchildren’s educations.
Maximize the inheritance they leave to their children and grandchildren.
Establish a family foundation for lifetime and future family charitable giving.
Learn more at www.inknowvision.com
Insurance Planning is a very vital component of Financial Planning. This presentation is all about various types of Life and General Insurance available in India. It also talks about the benefit of Term Insurance Policy. One should only go for Term Insurance Policy as it is best cover for Protection. This presentation also talks about the Mis-selling happening in India when it comes to insurance selling.
A disabling illness or injury can create a financial burden for individuals and their loved ones. This presentation discusses what options are available if you were to become disabled.
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tom’s share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Carter Family Wealth Goal Achiever - InKnowVision Advanced Estate PlanningInKnowVision
Jerry and Susan Carter are both 63. They own and operate a very profitable manufacturing business in a small town. Jerry and Susan spend about $650,000 a year, giving generously to family ($200,000/yr.) and their favorite charitable causes ($150,000/yr.). Although the business provides significant taxable income of over $5M a year, Jerry and Susan have been re-investing excess cash back into the business to keep it thriving through the latest recession. With assets totaling over $60M, a growing business and an income tax bill surpassing $2M/yr., their estate tax and income tax exposure is quickly increasing.
The primary planning goals are to:
Provide for the financial security of the surviving spouse.
Maintain Carter Manufacturing as a viable company in their hometown after they exit the business.Maintain their customary lifestyle and gifting. This should take approx. $650,000 annually after taxes.
Eliminate or reduce estate taxes.
Maintain adequate gifting to their children and grandchildren. Their main priority is providing funds for their grandchildren’s educations.
Maximize the inheritance they leave to their children and grandchildren.
Establish a family foundation for lifetime and future family charitable giving.
Learn more at www.inknowvision.com
Insurance Planning is a very vital component of Financial Planning. This presentation is all about various types of Life and General Insurance available in India. It also talks about the benefit of Term Insurance Policy. One should only go for Term Insurance Policy as it is best cover for Protection. This presentation also talks about the Mis-selling happening in India when it comes to insurance selling.
A disabling illness or injury can create a financial burden for individuals and their loved ones. This presentation discusses what options are available if you were to become disabled.
InKnowVision November 2012 Case Study - Basic Family Wealth Goal AchieverInKnowVision
Tom is 83 and Jane is 76. They have two children who are both well employed and live productive and happy lives. Tom was an attorney who headed a large patent firm in Washington DC. Jane served as an expert in international trade for much of her professional life. During the latter part of his career, Tom agreed to do work for a start up company that became very successful. Today, Tom’s share of the company is valued at $3.2M but generates $1.4M-$1.5M per year in taxable distributions. Several years ago, the company spun out one of its divisions and took the new company public. It has seen massive growth; almost no dividends have been distributed, and the company has a value to Tom today of approximately $6.4M. Tom and Jane also have approximately $5.2M in cash, $3.2M in retirement funds, and real estate of $4M for a total net worth of about $22M.
The primary planning goals are to:
Make sure that they have sufficient funds to live on for the rest of their lives
Maximize what they leave to their children and grandchildren
Increase the amount of charitable giving that they are currently doing
Equalize the financial positions of their son and daughter
Make a substantial provision for charity in place of estate tax if possible
Myer Family Wealth Goal Achiever- InKnowVision Advanced Estate PlanningInKnowVision
James is 64, and a few years ago started up a Consulting Company (Consulting Corp) with his business partner Dave. They have acquired some lucrative contracts over the last couple of years, and after spending frugally his entire life, James is starting to enjoy his newly created wealth. James is divorced and makes alimony payments in the amount of $100,000/yr. on top of his $500,000/yr. in living expenses. Because the wealth and income generated by the company is recent, James has not accumulated much in the way of liquid assets yet, but the company value is significant and future profits look very promising.
Learn more at www.inknowvision.com
Conneting Branches ist eine 1-2 monatliche interne Input-Session der Mitarbeiter von Future Connection in Zürich. Spontan, ungeschliffen aber immer mit interessanten Diskussionen.
Virtual Financial Group is most powerful virtual business & success system ever seen in the history of financial services. Mike Hinsvark & Chris Delfino are CEO & Founder of Virtual Financial Group (VFG), San Diego, CA. Virtual Financial Group Reviews are excellent in ratings for performance in Virtual Financial Services.
RE now has a professional alliance in insurance! Please let us know if you want one of our affiliated specialists to assist you with your individual disability insurance needs....
The Institute of Medicine's report, Unequal Treatment: Confronting Racial/Ethnic Disparities in Health Care, cited more than 175 studies documenting diagnostic and treatment disparities of various conditions among racial/ethnic populations, even when confounding factors (e.g., insurance and socioeconomic status, comorbidities, age, healthcare venue, stage of diseases) were controlled for in analyses.Specific examples include higher rates of hypertension, diabetes, breast cancer, cervical cancer, colon cancer, and cardiovascular diseases in African Americans; diabetes in Native Americans, Alaskan Natives, and Latino populations; and heart disease mortality in certain Asian American, Latino or Hispanic, and Native American groups.Lower rates of immunization and higher rates of infant mortality have been reported in African American, Hispanic, and Native American populations.
1. Time for a checkup? Why an independent
broker? Unique Income Protection
An independent broker means that you can for
Other count on the very best coverage for your needs. Physicians
Assets As an independent broker, we represents
Individual Disability Insurance
Retirement Plans
multiple insurance companies so we can offer
Personal Investments
Savings
you a variety of coverage choices and help you Group Disability Insurance
Business Ownership customize a plan that provides the protection
Auto Life Health Property
you need. Protect Your Income
Insurance Insurance Insurance Insurance
Income / Disability Insurance
How solid is your financial foundation?
Your income pays for your lifestyle. Doesn’t it
make sense to make sure that it’s protected in the event
you are unable to work due to an accident or illness? Let Amy S. Rickman
us help you review your current coverage to make sure that Consultant
your income will continue when you need it the most.
Lockton Dunning Benefits
Phone - (940) – 384-2720
Email – arickman@lockton.com
Other income protection needs
http://linkedin.com/in/amyrickman
• Business Overhead Expense – Reimburses you for
out-of-pocket business expenses while disabled.
• Disability Buy-Sell – Provides funds to purchase a
disabled partner’s business interest during a long term
disability.
These policies have exclusions and limitations and terms under
which the policies may be continued in-force or discontinued.
Some policy provisions and available riders may vary by state.
Optional riders are subject to underwriting and reinsurance
availability, and may increase premiums. A medical exam and
financial documentation may be required upon application.
2. Does your policy have these important features?
• Own Occupation Definition of Disability – Allows you
to receive up to 100% of your benefit if you cannot
perform the duties of your own occupation, even if
What’s your earning potential?
Life is full of risks A disability could prevent you from earning an income.
working in another occupation.
• Cost of Living Adjustment – During a disability, you
As a physician, you’ve seen firsthand how often disabilities Could you afford your lifestyle without it? The charts below receive cost of living adjustments to your monthly benefit
occur. Almost three in 10 of today’s 20 year olds will show what your potential earnings to age 67 could be (with to help keep up with inflation.
become disabled before reaching age 671. You take care no annual salary increases): • Future Increase Option – These may be available
of others – but who will take care of you if a disability automatically to help keep your policy up-to-date without
strikes and you are unable to generate an income to meet requiring additional medical underwriting.
ANNUAL INCOME
your financial needs? • Catastrophic Benefits – Provides a monthly benefit in
Age $150,000 $350,000 $500,000 addition to the base benefit during a catastrophic
30 $5,550,000 $12,950,000 $18,500,000 disability.
You might be surprised to learn that: 35 $4,800,000 $11,200,000 $16,000,000
• Unlimited Mental and Nervous Coverage– Mental and
nervous conditions covered as any other disability.
• The average long-term disability absence lasts 2 ½ 40 $4,050,000 $9,450,000 $13,500,000
• Retirement Protection – Additional monthly benefits
years.2 45 $3,300,000 $7,700,000 $11,000,000
designed to protect retirement plan contributions.
• In June of 2010, there were nearly 2.5 million disabled
workers in their 20s, 30s, and 40s receiving SSDI Help protect your most valuable asset – your ability to work
Are you taking advantage of discounts that may
benefits.3 and earn an income – with a personal disability income be available?
• More than one in five workers will be disabled for 5 years policy. Individual DI insurance can be a “lifesaver” when
• State and local associations
or more during their working careers.4 you need it most.
• Hospital affiliation
• Multilife discounts
Age Male Female Discounted
30 $270.08 $424.89 $231.50
35 $310.96 $463.86 $263.52
1SocialSecurity Administration, Fact Sheet 2009
2Commissioner’s Disability Insurance Tables A and C, assuming 40 $415.42 $577.13 $347.09
equal weights by gender and occupation class 45 $519.71 $678.68 $429.09
3U.S. Census Bureau, 2007 American Community Survey
4Commissioner's Disability Insurance Tables A and C, assuming
Rates based on a $10,000 monthly benefit, 5A-M occ
equal weights by gender and occupation class class, 90 day elimination period, Age 67 benefit period.