Products

Annuities

An annuity can help secure a stream of payments to use as a form of retirement income. When you purchase an annuity, you may get tax breaks or be able to receive income at regular intervals in exchange for a one-time lump sum payment to an insurance company.

  • Types of Annuities

    There are three main types of annuities:


    • Fixed annuities pay a guaranteed amount during each payment period. Fixed immediate annuities start paying right away, while fixed deferred annuities start paying at some pre-determined point in the future. In general, fixed annuities have a moderate rate of return.
    • Variable annuities allow the account owner to choose from a menu of mutual funds and can produce a higher return. Payments are based on the performance of the mutual funds. There is some risk associated with variable annuities.
    • Indexed annuities generally provide a higher return than fixed annuities but are less risky than variable annuities. There’s a guaranteed minimum payout, and a portion of the interest earned is tied to a market index, such as the S&P 500.

    The amount of money you receive from an annuity is based on the type of account you choose, the insurer’s terms and the amount of money you invest.


    The best way to determine how much income your annuity investment may generate is to get an individualized quote from your insurance agent.

  • How to Purchase Annuities

    An annuity may help you reach your income goals in retirement by creating income that you can’t outlive. Coastal Retirement Group, LLC can help you understand your options so you can start investing right away.

Long-Term Care Insurance

Long-term care insurance is a coverage option that’s difficult to think about but necessary as we begin the later stages of our lives. Long-term care insurance is one way to help prepare to pay for assistance with routine care and daily activities after you are no longer able to. Our agents are here to help you find a policy that best protects you and your future medical needs.

  • What Is Long-term Care Insurance?

    A long-term care policy can help cover care costs when you have medical conditions, disabilities or disorders that prevent you from routine activities such as bathing, dressing or getting in and out of bed. Every policy is different, but, generally, when you can no longer do two of the six daily living activities, you qualify for benefits. Daily living activities include:


    • Bathing
    • Dressing
    • Caring for incontinence
    • Eating
    • Toileting
    • Transferring
    • You can also receive care in a variety of places, including:
    • Your home
    • A nursing home
    • An assisted living facility
    • An adult day care center

    It’s important to get long-term care insurance before you need it, or else you won’t be able to reap its benefits. Be proactive and contact an agent today.


  • How to Get Long-term Care Insurance

    You can get long-term care insurance by reaching out to one of our agents for further discussion about your needs. Contact us today to get started.

Retirement Planning

As life expectancies increase, planning for a comfortable financial future is more important than ever. There are many ways to save for retirement, which is a great way to use a portion of your current income to plan for your future.

  • Retirement Plan Options

    There are seven main options among retirement plans in the United States:

    • Individual retirement accounts (IRAs) allow tax-deferred contributions capped by IRS regulations. Funds withdrawn at retirement are taxable as regular income.
    • Roth IRAs allow after-tax contributions capped by IRS regulations. Qualified withdrawals are not penalized, and earnings grow tax-free.
    • 401(k) accounts are employer-sponsored retirement plans that allow participants to contribute to pre-tax. Many employers offer to match a portion of employee contributions.
    • Roth 401(k) plan contributions are made with after-tax dollars, but qualified withdrawals are not taxed or penalized like Roth IRAs.
    • Simple IRAs are designed for self-employed people who want to contribute part of their pay. These plans reduce income taxes in proportion to the contribution up to the limits.
    • SEP IRAs also tend to work well for self-employed people. Contributions are tax-deductible, and contribution limits are higher than with other retirement plans.
    • Employee stock ownership plans (ESOPs) are designed to invest in company stock. An employer may choose to contribute to employee retirement plans with company stock.

    Work with a financial advisor to better understand each of these retirement options. The information on this page is intended for educational purposes only and should not be construed as legal or financial advice.


  • Contact Us to Start Saving for Retirement

    Contact Coastal Retirement Group, LLC today to learn more about your retirement plan options and start saving for your future.

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