Fixed Annuities Fixed annuities offer a guaranteed rate of return, which is established at the time of purchase. They provide a steady source of income and are a popular option for those seeking stability and predictability in their retirement income. Indexed Annuities Indexed annuities are a type of annuity that ties the growth of your…
Life and health insurance are crucial components of a comprehensive financial plan. They provide a safety net for you and your loved ones in the event of unexpected medical expenses or loss of life. However, with so many options and carriers available, finding the right coverage can be overwhelming. That’s why Buckalew Financial Services is…
As we grow older and think about our long-term financial goals, it’s important to consider the various ways in which we can secure our future and that of our loved ones. One key aspect of financial planning is securing life insurance coverage that can help protect your family in the event of an unexpected loss….
Understanding Indexed Universal Life Policy IUL policies are a type of permanent life insurance that offers death benefit protection for the life of the policyholder. In addition to the death benefit, IUL policies also offer a cash value component that grows based on the performance of a stock market index, such as the S&P 500….
What is an Indexed Universal Life Policy? An Indexed Universal Life policy is a type of permanent life insurance that combines the benefits of both universal life and indexed annuities. It offers the policyholder the flexibility of a universal life policy, along with the potential for greater growth through index-linked interest credits. How Does an…
Shop Around One of the best ways to find the best rates is to shop around. Don’t just settle for the first policy you find. Take the time to compare different policies and rates from different insurance companies. You can compare policies online or through an insurance agent. Consider Your Health and Age When shopping…
Review Your Policy Before renewing your final expense insurance policy, it’s important to review it to ensure that it still meets your needs and budget. Consider the following questions: Has your health changed? Have your funeral and final expense needs changed? Have your coverage needs changed? Answering these questions will help you determine whether your…
Impact on Coverage In most cases, a change in income will not affect your coverage under a final expense insurance policy. The coverage amount is typically fixed and does not change, regardless of changes in your income. Impact on Premium Payments A change in income may impact your premium payments for a final expense insurance…
Determine Your Coverage Needs Before you start comparing quotes, it’s important to determine how much coverage you need. Consider factors such as your income, debts, and living expenses to determine the amount of coverage that will adequately protect your loved ones. Consider the Type of Policy There are two main types of life insurance policies:…
Accidental Death Benefit (ADB) Rider The accidental death benefit (ADB) rider provides an additional payout to your beneficiaries if your death is the result of an accident. This type of rider can offer added protection and peace of mind, especially if you engage in hazardous activities or have a dangerous occupation. Disability Income Rider The…
