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LTC Awareness Month – Hybrid Life & Annuity Options

LTC Awareness Month – Hybrid Life & Annuity Options

LTC Awareness Month – Hybrid Life & Annuity Options
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November is LTC Awareness Month! What is Long-Term Care Insurance?

LTC insurance helps pay for the costs associated with long-term care. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. LTC Claims are paid based on Activity of Daily Living or ADL Impairment. Once an insured is deemed unable to perform 2 out of 6 ADLs by a certified physician, claims will be paid.

Activities of Daily Living (ADLs) –

Individuals who require long-term care are generally not sick in the traditional sense but are unable to perform two of the six activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.

LTC Risk Today – 2021

Long-term care is an issue today more than ever because people are living longer. As people age, many times they need help with everyday activities of daily living or require supervision due to severe cognitive impairment. This impacts women even more since they tend to live longer than men, and often become caregivers to others.

Traditional Long-Term Care

We have several traditional LTC options with A-rated carriers. Clients can buy LTC as a single person, or as a joint policy with their spouse. Married couples will receive marital discounts whether both apply or just one. Clients generally pay premiums over a lifetime although we do have limited payment options.

Hybrid Life & Annuity LTC Options

Most of the LTC planning today is done using hybrid Life & Annuity products. Click here for more info on the costs of LTC and how Hybrid plans are footing the bill.

Life LTC Hybrid

Life insurance with Accelerated Death Benefit for Chronic/Critical/Terminal illness. Some will accelerate the full Death Benefit while others are limited. More involved LTC Riders can be added with some carriers. Premiums can be paid systematically or in a lump sum. Click Here for a recent webinar we did with Lincoln Financial on their MoneyGuard Life LTC Hybrid.

Annuity LTC Hybrid

Generally require a lump-sum premium. Many of the guaranteed lifetime income annuities offer income enhancements for LTC. Some are for the nursing homes only while others cover home care as well. Some annuities have more robust enhancements than others so picking the right product for the client is important. Click here for info on NEW exclusive Nationwide PEAK 10 Annuity.

LTC Quoting Tool

Every agent can quote LTC on our website for free. Visit – https://pfsinsurance.com/services/quoting

LTC Whitepaper & Fact-Finder

Contact us for complementary LTC Whitepaper and Fact-Finding Tools.

Life, Annuity, & LTC Pre-Set Appointment Program

We provide agents with pre-set appointments with State and Federal employees at a very low cost. This program sets exclusive appointments with pension-eligible employees. No commitment or up-front cost. Can be on appointment and selling very quickly. Pre-Set Appointment Best Practices

Are you new to Life, Annuity, and/or LTC Sales?

If you are just getting started with Life, Annuity, and/or LTC products or are just learning about them, click here for more info. Training is provided on products, fact-finding, selling concepts, etc.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Josh Horton

Josh Horton

Assistant Vice President | Life & Annuity

x7707 | jhorton@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Best Annuity Rates – Fixed & Fixed Indexed

Best Annuity Rates – Fixed & Fixed Indexed

Best Annuity Rates – Fixed & Fixed Indexed
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Today more than ever, Americans are looking for safety with their savings and retirement assets. Unfortunately, many are unaware of their options outside of a savings account, CD, and/or Money Market. Fixed and Indexed Annuities can be another solution to this problem.  But you might not know how to find the best annuity rates as rates vary carrier by carrier and can change month by month.

At Pinnacle Financial Services, we have Fixed and Fixed Indexed Annuity solutions that can provide a better solution for your clients’ safe money. All Annuities offered through PFS are Fixed. None involve any risk of principle – No Securities License is needed.

Our Annuity products provide clients with safety and protection, knowing that they will never lose money, but can still earn nice interest on their money.  Remember, we saw interest rates and CD rates drop in 2020 with the Coronavirus and its impact on the Fed. And that didn’t stop Americans from plowing hundreds of millions of dollars into CDs in 2021 so far. Why might you ask? Simply put – clients want safety, and don’t know of any other option.

Some of the best-Fixed Annuity (MYGA) Rates currently hover around 3%. Certainly, much better than the .7% you might earn in a CD today. Furthermore, Annuities are tax-deferred, meaning you only pay the tax owed after money is withdrawn. Your CD will require taxes on the interest to be paid annually (so your .7% in your CD is actually less than that after taxes!)

A Fixed Indexed Annuity could potentially provide your client with even better interest than your MYGA. Yet not guaranteed (the principle is guaranteed and many have a small minimum guaranteed interest rate), clients have been able to historically generate some 5%, 6, or even 7% (tax-deferred) returns with indexed annuities in the last 10 years or so. Now that’s much better than your CD!

While an Annuity can be an important piece of a client’s overall financial plan, it may not be right for everyone. Here at PFS, picking the best Annuity for your client is our goal and our team here can help you ensure that you are making the best possible recommendation.

Annuity Quoting Tool – Annuity Ratewatch

Every agent contracted at PFS will have access to www.annuityratewatch.com for free. This software will allow you to quote nearly every fixed and fixed indexed annuity out there. Quote MYGAs, FIAs, and even Lifetime Income rider comparisons. Click here for a tutorial

Need Help Finding New Clients?

Pre-set appointments for Life & Annuity Sales

Lead Programs with Guaranteed Results, CRM, Ongoing Training & Coaching

Exclusive Per-Piece Leads and Direct Mail Campaigns

Turnkey Seminar/Webinar Selling Systems

Detailed client presentation tools and reporting geared for converting prospects into clients!

Marketing / Lead Co-op Available!

(Co-ops are on an individual basis and based on production)

Are you new to Annuity Sales?

If you are just getting started with Annuities or are just learning about them, click here for more info. Training is provided on products, fact-finding, selling concepts, etc.

New to Pinnacle?

We would love the opportunity to earn your business! Click here for contracting Info

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Josh Horton

Josh Horton

Assistant Vice President | Life & Annuity

x7707 | jhorton@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Seminar in a Box Program

Seminar in a Box Program

Seminar in a Box Program
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Seminar Selling is Back – Take Your Production to the Next Level with the Seminar in a Box Program from Pinnacle Financial Services.

As we see things opening back up from COVID-19, people are anxious to get out of the house. People are still recovering from the Stock Market Crash of 2020 and looking for sound advice.

PFS offers a seminar-in-a -Box program for Retirement Planning! Sell Life, Annuity, LTC, and Medicare. Be the Go-To for all your client’s needs!

Click here for a webinar on planning an event: Retirement Seminar-in-a-Box

Topics Include The Cost of Healthcare in Retirement, The Cost of LTC, Social Security Maximization, and Much More!

Most Americans drastically underestimate their healthcare costs in Retirement – click here for NY Times article on a BAD FINANCIAL PLAN – Tim Bowers, Bank Robber… – A Financial Plan That Comes With Mugshots

Click here for a webinar on the Presentation: Plan for Healthcare Costs in Retirement

Have the experts from our ‘Retirement Institute’ do the presentation for/with you (for FREE!), or learn how you can easily set up and run your own seminar 

Turnkey Seminar Programs Including:

  • Mailer Options
  • Location Ideas
  • Overall Costs and ROI
  • Pre-done Presentations
  • Technology Needed
  • Social Media Marketing

Detailed reports and client presentation tools designed to help you convert LIFE, ANNUITY, LTC, & MEDICARE sales provided for FREE!

Need an immediate quote-  Call or email us today at 800-772-6881 x-3302 or Annuity@pfsinsurance.com

Annuity Quoting Tool – Annuity Rate watch  
Every agent contracted at PFS will have access to www.annuityratewatch.com for free. This software will allow you to quote nearly every fixed and fixed indexed annuity out there. Quote MYGAs, FIAs, and even Lifetime Income rider comparisons. Click here for a tutorial

PFS has many other ways to Find New Clients!

Pre-set appointments for Life & Annuity Sales Lead Programs with Guaranteed Results, CRM, Ongoing Training & Coaching Exclusive Per-Piece Leads and Direct Mail Campaigns Turnkey Seminar/Webinar Selling Systems Detailed client presentation tools and reporting geared for converting prospects into clients!

Marketing / Lead Co-op Available!

(Co-ops are on an individual basis and based on production)

Are you new to Annuity Sales?

If you are just getting started with Annuities or are just learning about them, click here for more info. Training is provided on products, fact-finding, selling concepts, etc.

New to Pinnacle?

We would love the opportunity to earn your business! Click here for contracting Info

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Josh Horton

Josh Horton

Assistant Vice President | Life & Annuity

x7707 | jhorton@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail

June is Annuity Awareness Month

June is Annuity Awareness Month

June is Annuity Awareness Month
Comments

June is Annuity Awareness month which gives us a great opportunity to discuss Annuities with prospects and clients. Ask about our Annuity Awareness Month New Agent Incentive!

While Annuities are certainly not suitable for all our client’s assets, they can be an important part of many clients’ overall retirement planning.

All Annuities offered through Pinnacle Financial Services are Fixed or Fixed Indexed. None involve any risk – No Securities License is needed. Provide clients with Guarantees, protection from Market Volatility, and/or Lifetime Income.

Retirement Planning Today & the Need for Safety and Guaranteed Lifetime Income

Americans are living longer, and healthcare costs are rising. For the average 65-year-old, health care costs will be approx. $280,000 over their retirement, further necessitating the need for safety and lifetime income.  See Social Security site – “Retirement & Survivors Benefits: Life Expectancy Calculator”

Most Americans do not have access to Pension Plans that will provide guaranteed income. For many, Social Security will not provide enough income. These people will need to supplement their retirement income with savings –

An Annuity could be the Solution

  • Other current investment options cannot provide the amount of guaranteed lifetime income as the annuity. 

Annuity Quoting Tool – Annuity Rate watch

Every agent contracted at PFS will have access to www.annuityratewatch.com for free. This software will allow you to quote nearly every fixed and fixed indexed annuity out there. Quote MYGAs, FIAs, and even Lifetime Income rider comparisons. Click here for a tutorial

Need Help Finding New Clients?

  • Pre-set appointments for Life & Annuity Sales
  • Lead Programs with Guaranteed Results, CRM, Ongoing Training & Coaching
  • Exclusive Per-Piece Leads and Direct Mail Campaigns
  • Turnkey Seminar/Webinar Selling Systems
  • Detailed client presentation tools and reporting geared for converting prospects into clients!

Marketing / Lead Co-op Available!

(Co-ops are on an individual basis and based on production)

Are you new to Annuity Sales?

If you are just getting started with Annuities or are just learning about them, click here for more info. Training is provided on products, fact-finding, selling concepts, etc.

New to Pinnacle?

We would love the opportunity to earn your business! Click here for contracting Info

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Josh Horton

Josh Horton

Assistant Vice President - Life & Annuity

x7707 | jhorton@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail

Will RMD’s increase to Age 75?

Will RMD’s increase to Age 75?

Will RMD’s increase to Age 75?
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Required Minimum Distributions are back for 2021 after CARES Act

Many clients have questions about RMDs. What are RMDs?? What accounts do RMD rules apply to? When do I have to take them? Do I have to pay taxes?   And now we are asking, will RMD’s increase to age 75?

Many clients need to revisit their retirement plans due to rule changes in recent years.

Prior to the SECURE Act of 2019, RMD’s started when someone reached the age of 70.5. The SECURE Act moved the RMD age to 72 (if you reached 70.5 after January 1, 2020).

Simple enough… until the CARES Act suspended RMDs in 2020. Congress is currently considering a bill that would move the RMD age back to 75… So clients will need guidance with RMDs in 2021.

Annuities are RMD Friendly

Most Annuities will allow for RMD withdrawals even within the surrender charge period. We as agents can help educate clients about RMDs and how Annuity products can provide a potential solution.

Fixed Indexed Annuities and RMDs in Retirement

Most Indexed Annuities will allow for Required Minimum Withdrawals. FIAs can present a great solution for many in retirement today. These are FIXED annuities so not subject to market risk. Clients can still earn interest keeping pace with inflation. Guaranteed Lifetime income rider utilization can even satisfy RMD requirements in most instances.

Annuity Quoting Tool

Every Pinnacle Agent gets access to AnnuityRatewatch for free. Visit – https://pfsinsurance.com/services/quoting

Annuity Whitepaper

Contact us for complementary Annuity Whitepaper and Fact-Finding Tools.

Life, Annuity, & LTC Pre-Set Appointment Program

We provide agents with pre-set appointments with State and Federal employees at a very low cost. This program sets exclusive appointments with pension-eligible employees. No commitment or up-front cost. Can be on appointment and selling very quickly. Pre-Set Appointment Best Practices

Interested in Contracting? CLICK HERE:

https://pfsinsurance.com/services/contracting

Are you new to Life, Annuity Sales?

If you are just getting started with Life, Annuity, and/or LTC products or are just learning about them, Click here for more info. Training is provided on products, fact-finding, selling concepts, etc.

For more information on how Pinnacle can assist you please contact an annuity team member today at 1-800-772-6881 x-6003 or email annuity@pfsinsurance.com.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Josh Horton

Josh Horton

Assistant Vice president - life & annuity

x7707 | jhorton@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail