Annuity, Life, & Retirement Protection Specialist Kirk Kanenbley

Life Insurance & Retirement Protection

Helping you to reach your goals & protect your future.

We are more than just financial professionals – we are committed to making a meaningful difference in the lives of our Clients.

With years of experience and a passion for the making a difference in the lives of our clients, our team looks at every new client as a new member of our family.

How we help protect you and your family...

Retirement Growth and Protection Type #1 - Annuities

Annuities can help you safeguard your savings so that you never lose money, while still taking advantage of growth in or out of the market.

There are many types of annuities. Some are designed for growth, for immediate income, many have bonuses you can take advantage, and there are other options too. One of the most popular is to convert it into a lifetime income stream so you will always have money coming in you can depend on.

Some of the other ways you can use the safety of annuities is rolling a 401k into an annuity at or after retirement, so your money is no longer at risk in the market. This is also a great thing to look at with old 401ks from a previous job, at any age.

What is really important is that you don't just get an annuity and then ignore it because you don't plan to use any of the money for years. This is big trap many have fallen into.

There are a number of factors which affect how the annuity grows that you shouldn't ignore. Your agent should be helping you understand your options and crediting methods available and this should be done yearly. If it isn't , you're earnings and your future could pay the price.

If you have an old annuity you feel isn't performing as well as it could, or your agent hasn't followed up with you in the last year or longer, we can do an annuity checkup and show you what is affecting your growth and how.

Retirement Growth and Protection Type #2 - Indexed Universal Life (IUL)

The IUL is most often used to grow savings for retirement or build wealth to leave to your family.

One of the features that make it so popular is the ability to access your money at will without paying income taxes on it, while you are enjoying retirement. It has an insurance policy built in which you can have pay the taxes after you pass.

This is a simple explanation and of course there is more to it than that. It is a powerful way to build savings for retirement, but you need to look closely at your options and view this as an important financial tool to help you meet your goals.

There are aspects of how the IUL grows that you shouldn't ignore. Your agent should be helping you understand options and crediting methods available and this should be done at least yearly or quarterly. If it isn't , you're account's growth could suffer.

Protecting Yourself and Your Family with Life Insurance

There are many different types of Life Insurance policies available to help in different ways and for specific needs.

Here are a few.

Term policies.

Term typically has the lowest cost for the amount of coverage. These policies are for a set period of years and are often used to make sure your family is covered for major costs. These include paying off the mortgage, paying for college, replacing your income after you pass, and other large needs.

When the Term runs out, you will need to replace this with another policy that fits your remaining needs down the road. You may be able to take advantage of an IUL or Whole Life policy to get that larger amount of coverage and keep it for life. These are options we talk about when you want to get some information on what might fit you needs best.

Whole Life / Universal Life

These are more expensive than term, because you are locking in an amount of coverage for the rest of your life. Many of these policies will also build cash for retirement or other needs.

Final Expense / Burial Insurance

These are typically used to cover funeral and final expenses. They are a little more forgiving on health conditions. They are also typically limited to $50k in coverage down to around $1000.

While many think of Life Insurance as something for after you pass, some do have special coverages built in which can provide lump sums of money in the case of chronic and critical illness.

We are more than just financial professionals – we are committed to making a meaningful difference in the lives of our Clients. With years of experience and a passion for the making a difference in the lives of our clients, our team looks at every new client as a new member of our family.