The Perfect fit to any Financial Plan

Whole Life Insurance
There are those who believe life insurance has very little to do with, well, life. Chances are they’re not too well acquainted with Whole Life Insurance. Known as one of the most versatile financial instruments ever devised, Whole Life does far more than simply offer protection for your loved ones when you die.
Thanks to three guaranteed components - premium, cash value,and death benefit.
Of course, Whole Life will help replace your income to protect your family or your business in the event of your death. But thanks to the cash value within the policy, it can also help accumulate wealth, give you access to cash to cover unexpected expenses, augment your retirement income, facilitate estate planning, and more. All at a predictable cost on account of the guaranteed policy premium.
Unlike Term Life Insurance — which, as its name suggests, is in effect for a limited period or “term” — Whole Life is permanent insurance. That means it will provide benefits for the duration of your life.

Whole Life vs. Term Life Insurance
Type of insurance.                                         Term Life                  Whole Life
Never expires                                                    No                                 Yes
Access to cash value.                                        No                                 Yes
Potential dividends*.                                        No                                 Yes
Growth potential                                              No                                  Yes
Guaranteed death benefit.                         For term limit                       Yes
Income tax-free death benefit.                         Yes                                Yes
Protection

Whole Life protects your family or your business by offering a permanent death benefit that can fulfill a broad range of financial needs.
For your family:
Payment of loans/mortgages
Funding of buy/sell agreements
Key person insurance
Funding of supplemental retirement programs
For your business:
Payment of loans/mortgages
Funding of buy/sell agreements
Key person insurance
Funding of supplemental retirement programs
Wealth Accumulation
One of the greatest advantages of Whole Life is its ability to increase in value over time. The cash value of a Whole Life policy grows thanks to the guaranteed cash value and the potential to accumulate dividends. But unlike other types of investments and savings vehicles, the cash value and dividends of a Whole Life policy generally grow tax-deferred for as long as the funds remain in the policy.
Access to Cash Value
At any time, for any reason, you can access the cash value you’ve accumulated — generally with no penalty or tax liabilities. You can use the cash value in a Whole Life policy to:
Pay for education expenses
Expand your business
Provide emergency funds
Collateralize a bank loan
Pay the premiums of the policy itself
Tax Benefits**
Whole Life Insurance offers a host of unique tax advantages. These can help minimize the impact of taxes on both the death benefit and cash value of your policy.
Tax-free death benefit ensures your loved ones or business receive the full value of your policy
Tax-deferred growth means you’ll pay no income tax for as long as the funds remain in the policy
Dividend withdrawals are generally tax-free up to the amount cumulatively paid in premiums
Loans taken against the cash value of the policy will usually not trigger a taxable event, regardless of how much profit the policy has shown
Riders that Offer Flexibility***
Riders help make Whole Life even more flexible to fit your life. Additional add-ons include:
Waiver of Premium
Accidental Death Benefit
Enhanced Accelerated Benefit
Guaranteed Insurability Option
Paid-Up Additions
DuoGuard
10-Year Annually Renewable Term
Select Security
Simplified Insurability Option
Exchange of Insureds
The Living Balance Sheet® and The Living Balance Sheet® Logo are registered service marks of The Guardian Life Insurance Company of America (Guardian), New York, NY. The graphics and text used herein are the exclusive property of Guardian and protected under U.S. and International copyright laws.
© Copyright 2005-2011, The Guardian Life Insurance Company of America
* Dividends are not guaranteed they are declared annually by Guardian's Board of Directors.
**Guardian, its subsidiaries, agents or employees do not give tax or legal advice. You should consult your tax or legal advisor regarding your individual situation.
***Riders may incur an additional premium.

Financial Coaching Tip of the Day

 Financial Coaching Tip of the Day:It is extremely important to run a monthly budget. It does not matter what income level you are at. Knowing how much comes in each month (Income/Input)and how much goes out each month (expenses/ output) is very important to any individuals, families and or businesses overall financial well being. There are many budget and excel spreadsheets that can help accomplish this important part of ones planning. To find out more or if you need assistance in this area inbox me.

Vincent Lanzante
Financial Coach for All City Workers

Get Your Financial House in Order

I am discovering more and more as I get out and meet more prospective clients that many do not tend to their personal financial situations with much frequency or urgency. I find this odd due to the fact that besides you personal health and ones family, ones personal financial well being should be a top priority. I have also observed that one believes once they are employed and set up a 401k style retirement account that all their planning is complete. I guess because everyone else in the office or company " is doing it", it must be good is  the mind set of so many. This approach is a micro (small view, narrow view with very little flexibility). This approach is dangerous and can be toxic to your overall goals and ambitions in life. Take a look at so many of our parents and loved ones who are in their 60's and 70's who followed this conventional model of planning. Ask them or ask yourself are they all set? Did they optimize all aspects of their financial world? Is all that they worked hard for protected from financial threats like inflation, market volatility, taxes, death, disability, lawsuit, longevity, property loss, divorce, etc? Has arrogance or procrastination hindered their ability to maximize their financial world.  Has misinformation caused delays in their wealth building process?

From asking many of my prospective clients I have found most are not happy with the traditional financial planning model of Set It and Forget or Do It Yourself Planning.The problem seems to be  they feel like there is no other alternative or are fearful to ask for help from a financial professional who may talk about things that do not make sense to them.

So I am here to express that there is another way. There is a way to learn about good constructive financial principles that can help build your financial awareness. There is a method to learn about and understand your own personal finances and feel confident around all your financial decisions. There is a way to protect the good work you may have already done, safely add and build lasting wealth. This is your opportunity to create something positive which can lead you to a better more comfortable life.Take the time to seek a financial coach whom you can build a trusting relationship, and who can help you move toward a financial future with more certainty than luck.

The Financial Coach,

Vincent Lanzante

Are you Prepared?

Have you learned the strategies to maximize your largest asset, your PENSION? Are you saving enough for retirement? Do you review your saving rate and increase it when possible? Do you have or know about putting the proper protections in place for your family and loved ones? Do you have strategies in place to make sure your pension continues not only for your life, but for the life of your spouse and/or children? Do you need help saving for your child's education? Are you saving enough for their education? Are you saving enough for retirement? Will you outlast your saving in retirement? Would you like to find out how to spend more in retirement and still leave a legacy behind to take care of loved ones? Learn the concepts to help grow you money and spend more of your money in your lifetime with no additional risk. We are here to help you understand some basic yet very important financial concepts to help safe guard you and your family from major financial losses any more. Our mission is to help build up our clients savings and protections for a safe financial future.We need Americans to learn to become savers once again in order to be able to spend and put money back in our economy. We can help one family at a time, protect and build wealth once again.

Vincent

The Financial Coach for all City Workers

The Story of Whole Life Insurance

Top 10 Reasons Why Whole Life Insurance Policies May Be Right For You



A whole life insurance policy is a type of life insurance policy that will pay a death benefit no matter how old you are when you die. Read on for the top 10 reasons why a whole life insurance may be the best policy for you.

1)You want to leave a death benefit: With a term life policy, you only leave a death benefit if you die during the term of the policy, which ranges from one year to 35 years depending on the policy. With whole life policy, the term is your life. This means that even if you die 50 years after you purchase the policy, you will leave a death benefit to your beneficiaries.

2)Your dependents will always need your income: The death benefit in a life insurance policy is designed to replace your income and to allow your family and dependents to live without your salary. If your dependents will always need your income whether you die in two years or thirty years, a whole life policy may be best.

3)You want forced savings: With a whole life policy, you may more than the premiums that it costs to insure you. With this extra money, your policy builds up a cash value which you can then borrow against or sell. Since you have to pay the premiums to keep your policy active, it is essentially a form of forced savings.

4)You want to invest in life insurance: With the extra money from the premiums you pay, the insurance company makes investments. You then earn a return off of those investments which helps your policy grow. You can also begin drawing income from the policy, thus earning a return on your money that you can tap into.

5)You are looking for a tax-deferred investment: Money invested in your life insurance policy grows tax free until you begin to withdraw it. If you borrow against the policy instead of withdrawing from it, you may be able to access your money without ever taking it out- thus using your money without paying taxes on the growth.


6)You want to save money with certainties not luck: Fixed rate whole life guarantees you a set payment for life and a set rate of return on your money.

7)You don't ever want to lose your life insurance: With a term life policy, when the term ends, you have to renew if you want to keep your life insurance. If you have become ill or too old, you may be unable to renew. This would leave you with no life insurance protection and your beneficiaries would receive no death benefit at all.

8)You don't mind slightly higher premiums: Whole life insurance costs slightly more each month term life insurance, both because of the lifetime protection and because of the investment features of the policy. Thus, if you have no wiggle room in your budget and are stretching to afford insurance, term life might be best because it is more affordable. On the other hand, if you have a bit of extra money, that extra money can go to good use in buying lifetime insurance and the forced savings of a whole life policy.

9)You want maximum peace of mind: With a whole life policy, you will know that you will always have insurance and that your family will never suffer a financial loss or financial ruin upon your death.

10)You want every dollar To work as hard for you as it can: These is no other asset that can give you and your loved ones lifetime protection, forced saving and have the guarantee of growth. This is called the velocity of money.


Call Vincent at 347-661-6234 to find out how Whole Life Insurance can enhance your overall financial world.

Smart moves to maximize your Tax Refund

1. Start an Emergency fund. If you don't have an emergency fund, strongly consider opening one and depositing your windfall for a rainy day. While it might not be enough to create a full- fledged emergency fund, it'll be a good start.

2. Pay down your debt. Whether it's credit cards, an auto loan, or a student loan, you need to get that monkey off your back. So add your windfall to your debt snowball and keep on digging.

3.Adjust your withholdings. You should consider adjusting your withholdings so you don't end up giving the government an interest free loan during the upcoming year.

4. Up your current saving rate. Most American are not saving nearing enough for retirement. Although 10% is a good starting point, you should keep increasing your saving rate until you are near 30% saving rate.

5. Look into Increasing your protections. Make sure all your protection are in order. Health, disability, home, auto, and life insurance. If you are not properly protected everything you are building and saving for can be taken or lost in an instant.

Any questions or comments, please feel free to respond, post in comments or call us at 347-661-6234