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Financial Services In Depth

Insurance Terms
  • Fixed Annuities – An insurance contract that allows the investor to take income immediately or defer income and taxes until a point in the future. If the client chooses to annuitize the contract, the insurance company makes fixed dollar payments to the annuitant for a specific term or until the annuitant’s death. The insurance company guarantees earnings, principal, and income.


  • Variable Annuities* –


  • Business Strategies – One example of a business strategy is Key Person Life Insurance. Key Person life insurance provides the funds needed to cover the loss of a key employee. Owners of a company can benefit by being named the beneficiary of the policy and collecting the death benefit upon the key employee’s death.


  • Business Succession


  • Estate Planning – the process of anticipating and arranging for the disposal of an estate during a person’s life. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. However, the ultimate goal of the estate plan is determined by the specific goals of the client and may be as simple or complex as the client’s needs dictate.


  • Executive Compensation Plans – Employee benefits referred to as benefits in kind include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. Examples of these benefits can include employer provided permanent life insurance for retirement or business succession. The purpose of employee benefits is to increase the economic security of key employees, and in doing so, improve employee retention across the organization.


  • 401(k), Pension & Profit Sharing Plans* – We will assist you in establishing a new plan for your company or in reviewing your existing company plan.


  • Group Life & Health Insurance


  • Individual Life Insurance – We will review existing policies or we can obtain quotes for new term, universal life, or whole life insurance for your personal or business needs.


  • Individual Retirement Accounts* – Traditional or Roth IRAs allow annual contributions with the objective of saving toward retirement.


  • Long Term Care Insurance – Long-term care is a variety of services and supports to meet health or personal care needs over an extended period of time. Most long-term care is non-skilled personal care assistance, such as help performing everyday Activities of Daily Living (ADLs), which are: Bathing, Dressing, Toileting, Transferring, Continence, and Eating. The goal of long-term care services is to help you maximize your independence and functioning at a time when you are unable to be fully independent. Long Term Care insurance can be used to defray the cost of these services.


  • Massachusetts Health Insurance


  • Retirement Planning*


  • Wealth Management* – Wealth management as an investment-advisory discipline incorporates financial planning, investment portfolio management and a number of aggregated financial services. High-net-worth individuals (HNWIs), small-business owners and families who desire the assistance of a credentialed financial advisor call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management