Life & Annuity Products
Core Investment Management Group, LLC is an independent life insurance firm. We represent some the top rated and best insurers in the country and are not limited or captive to just one provider. CIMG will shop for the best and least expensive life or annuity products for you or your family.
Buy Term and Invest the difference?
There is a lot of hype surrounding this strategy. Don't be confused, everyone needs some permanent insurance. What if you become sick and unable to purchase life insurance in the future? Term insurance only provides protection for a set amount of time and then it is gone. Permanent life insurance can protect you for the rest of your life. Most people purchase term insurance for the bulk of their insurance needs and permanent insurance to cover smaller needs in the future. Call us to discuss your insurance options.
Life Insurance Retirement Plans (LIRP)
Let Us Structure a LIRP for You
A LIRP is an insurance strategy designed to augment your other retirement needs. It is a way to not only cover permanent insurance needs but to also withdraw funds for retirement non-taxable. This concept is not new--it has been used by the banks and wealthy individuals for many years to provide supplemental income for their employees and families. However, this strategy must be structured properly or it can become classified as a "modified endowment policy" by the IRS and become taxable. Is this type of strategy right for you?
What Type of Annuity is Right for You?
If any life insurance product has a worst reputation--I don't know what it is! Annuities have been under fire by regulators and the financial service industry for many years--yet they are still here. Believe it or not--annuities do have a place in a retirement portfolio. But there is so many different types of annuities--which one is best usually depends on the individual and their needs and what is available in the market at the time. Does your retirement income needs provide the safe and reliable income afforded by annuities?
Don't Omit this Coverage
Disability insurance can provide monthly payments in the case you are unable to work. Of course, there are many different types of policies but most are pretty straightforward and do not require a law degree to understand. This insurance is designed to replace 45% to 65% of your gross income on a tax-free basis. Believe it or not, 1 in 4 people will experience some form of disability during their lifetime. This insurance is not a nice addition if you can afford it--it should be mandatory.
Long-Term Care Insurance
When Should You Buy This?
With the rising cost of our healthcare in this country, everyone needs to have the conversation about this type of insurance. An extended stay at an assisted care or nursing home can obliterate your savings and retirement income. But, when is the best time to start your long term plan?