"We guide our clients through their decision making process involved in considering Executive Benefits, Employee Benefits, Wealth Preservation and Insurance Planning."
Insurance Planning
With careful consideration of your personal objectives, we can help determine how insurance can be part of the solution to your most important financial concerns. You work hard to bring home a paycheck, provide food and shelter, and accumulate wealth, so you don't want to leave these important issues to chance. Whether it is protecting your income, your life, or your home, making sure that you're adequately insured can save you from financial ruin in the event of an unfortunate accident. For example, life insurance is primarily intended to cushion the financial effects of the insured's death. Benefits can be used to fund a college education, provide retirement income for your spouse or help eliminate debts.
In addition to a death benefit, certain policies permit the cash value to accumulate while deferring taxes. Make sure that you're covering the most important aspects of your life while spending money only on the insurance that you really need. Some of the plans to consider are: life, disability, long-term care insurance and other important benefits.
Feature | |||||
Life Insurance | Taxable Investments | Qualified Plan / Traditional IRA | Roth IRA | Municipal Bonds | |
Tax-Favored Withdrawals | Yes1 | No | No | Yes | Yes2 |
Tax-Deferred Accumulation | Yes | No | Yes | Yes | Yes2 |
Tax-Free Death Benefit | Yes | None | None | None | None |
Penalty Tax for Early Withdrawal | Maybe | No* | Yes | Yes | No |
Contribution Limits | No | No | Yes | Yes | No |
Cost of Insurance Charges | Yes | No* | No* | No | No |
Market Risk | Maybe3 | Yes | Yes | Yes | Yes |
1Loans and partial withdrawals will decrease the death benefit and cash value and may be subject to policy limitations and income tax.
2Municipal bonds may be subject to capital gains tax or alternative minimum tax.
3Some insurance may be subject to market risk, example Variable Insurance contracts.
*If the underlying investment is a deferred annuity, cost of insurance charges and/or withdrawal penalty may apply.
Dodd Consulting, LLC
One Landmark Square, 8th Floor, Stamford, CT 06901-2603 (map)
Phone: (203) 504-3633 · Fax: (203) 504-3639 · E-mail: info@doddconsulting.net
Securities offered through M Holdings Securities, Inc., a registered broker dealer, member FINRA / SIPC. Dodd Consulting, LLC is owned and operated independently from M Holdings Securities, Inc. Dodd Consulting, LLC is a member of M Financial Group. Please go to mfin.com for further details regarding this relationship.