Is Term Life Insurance an effective solution?

Term Life Insurance is affordable and can hedge against loss of income, final expenses and mortgage protection. Most insurance carriers would cover for a term up to 30 years or ages 80 to 85, whichever is the lesser term. Unlike term life, permanent life (Whole Life and Universal Indexed Life) is a solution that covers you for as long as you live and build cash value that can be utilized to supplement retirement income among with other well structured living benefits if your policy accommodates. Term Life Insurance does not build a cash and / or surrender value!

Apply now for a fast decision!

https://linktr.ee/bordeassociatespa

•10, 15, 20, 25, 30 year level term options

•Between $50K-$1.5M in life insurance coverage

•No medical exam — ever!

What are Health Savings Account (HSA) benefits & eligibility?

Health Savings Account (HSA) is an alternative retirement tool / savings account.

• HSAs let you set aside pre-tax income to cover healthcare costs that your insurance doesn't pay.
• You can only open and contribute to an HSA if you have a qualifying high-deductible health plan.
• For 2022, the maximum contribution amounts are $3,650 for individuals and $7,300 for family coverage. If you are 55 or older, you can add up to $1,000 more as a catch-up contribution.
• HSAs have no use-it-or-lose-it provision. Any funds still in the plan at the end of the year can be rolled over indefinitely.

 

 

 According to federal guidelines, you can open and contribute to an HSA if you:

• Are covered under a qualifying high-deductible health plan which meets the minimum deductible and the maximum out of pocket threshold for the year

• Are not covered by any other medical plan, such as that for a spouse
• Are not enrolled in Medicare
• Are not enrolled in TRICARE or TRICARE for Life
• Are not claimed as a dependent on someone else's tax return
• Are not covered by medical benefits from the Veterans Administration. However, as of 2015, veterans enrolled in a high deductible health plan and who have a service-connected disability can make or receive HSA contributions regardless of if or when they received VA benefits
• Do not have any disqualifying alternative medical savings accounts, like a Flexible Spending Account or Health Reimbursement Account

Reach out to us for any questions or to help you setup! We work with individuals, families & groups in Florida. 

www.baapa.us

321-252-2340

Financial planning and life insurance strategies in Brevard County, Florida.

The #1 component to a fully comprehensive financial plan is adequate properly structured life insurance! General benefits of today's life insurance can include:

1). Living benefits: 

        Critical, chronic and terminal illness benefits (long term care)

        Tax free supplemental retirement income (The Rich Man's Roth)

        Uninterrupted compound interest and protection of cash value 

        Infinite banking strategies

2). Death benefit:

        Tax free legacy to beneficiaries 

There are numerous strategies that can be accomplished for individual, family and business solution. 

Best investment strategies in Brevard County, Florida!

What are the best investment / financial diversification strategies in Brevard County, Florida? 

There is not a one size fits all answer to this question. Risk assessment and fact finding has to be conducted to provide an individual tailored recommendation. Being a licensed Insurance Agent and Registered Representative/Investment Advisor Representative in Florida - able to advocate, provide pros and cons between Insurance offerings vs. Investment and Financial Advisory offerings - hence offering the best investment and financial diversification strategies in Brevard County, Florida!

REASONS TO CHOOSE A LOCAL INDEPENDENT INSURANCE AGENT / BROKER vs. CAPTIVE AGENT

What are the advantages of choosing a hometown independent insurance agent / broker vs. signing up for coverage via a 1-800 phone number or a captive (in-house) agent?

• Building in-person relationships, relationships, relationships...
• An independent hometown insurance agent / broker works for you, not the insurance carrier.
• Call 1-800 phone number to be in queue, most likely speak to someone new on every call, or get transferred from one department to another vs. call your hometown independent agent / broker direct, or visit their local office in person.
• 1-800 phone numbers are routed all over the USA or in some cases overseas. Supporting your hometown independent agent / broker keeps revenue within your community.
• Your premiums are not affected by utilizing your local independent agent / broker. 
• Consultations are at no cost to you for utilizing your local hometown independent agent / broker. 
• Independent agents / brokers work with multiple insurance carriers and as such take an unbiased approach in finding best solutions for your personal needs.
• Hometown independent agents / brokers - community involvement, reputation, local knowledge and understanding helps you save money and time.
• Gives you peace of mind knowing that you have someone in your corner serving you.
• Your hometown agents / brokers adhere to the same government compliance, licensing and training.
• Your hometown independent agent / broker has more access to markets and carriers

Your local hometown independent agents / brokers have the capabilities and resources as *captive (in-house) carrier agents. They are able to communicate with the same language and expertise when curing concerns. As your agent of record and with proper authorization they are able and best suitable to advocate on your behalf.

*Captive (in-house) carrier agents - A captive agent is an insurance agent who only works for one insurance company. A captive agent is paid by that one company, either with a combination of salary and commissions or with just commissions. ... The parent company may push its captive agents to sell certain policies or meet certain sales quotas. Source: Investopedia