3D Personal Solutions: BUILDING…PRESERVING…PROTECTING WEALTH
We work closely with you to understand your unique situation and goals, and help you work through the obstacles that may stand in the way of building your financial future.
Protecting those who matter most to you
Protecting the ones you love with life insurance is a caring and responsible act. It’s also an important step in helping to secure their future.
Our commitment is to help you protect those who matter most, clarify what you want to achieve in life, and understand how life’s uncertainties could impact your plans and aspirations. We then help you implement flexible, robust insurance strategies that can help provide peace of mind for today and tomorrow.
After all, it’s not about where life takes you…it’s about where you take life.
What is Life Insurance?
Life insurance can be the foundation of your financial security and can help you leave a lasting legacy. Because your needs are different from anyone else’s, we offer a broad range of life insurance products to help provide financial protection.
Life insurance offers financial protection for your beneficiaries when you die. Some policies also accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education or cash for emergencies. Any cash value taken as a living benefit will reduce the death benefit, when paid.
”Term
”Whole
- A guaranteed level death benefit (guaranteed face amount);
- A guaranteed level annual premium and premium payment period; and
- Guaranteed increases in cash value
Guarantees are based upon the claims paying ability of the issuing company. MassMutual’s participating whole life policy owners are also eligible to receive policy dividends, which are not guaranteed. Policy owners may use their dividend payments in different ways to pay some or all of their out-of-pocket premiums, or to provide additional life insurance protection and cash value. It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals. Often, a combination of term and whole life insurance is the right solution.
Explore the other parts of this section to learn more about term and whole life insurance and the pros and cons of each.
How much do I need?
The answer isn’t really how much life insurance you need, it’s how much money your family will need after you’re gone.
Ask yourself:
- How much money will my family need after my death to meet immediate expenses, like funeral expenses and debts?
- How much money will my family need to maintain their standard of living over the long run?
- Will my children’s education be paid? Will my spouse be able to stay in our home?
Life insurance proceeds can help pay immediate expenses including uncovered medical costs, funeral expenses, final estate settlement costs, taxes and other lump-sum obligations such as outstanding debts and mortgage balances. They can also help your family cover future financial obligations life everyday living expenses, money for college or your spouse’s retirement, and so much more.
Calculator: How Much Life Insurance Do I Need?
What is Disability Income Insurance?
A sudden interruption of income—due to an extended period of sickness or injury—can have serious financial consequences for many of today’s employees. If you are lucky, you may receive group long term disability benefits through your employer. However, you will need to make sure the benefits available though your group long term disability coverage are adequate for your needs. Group long term disability benefits are taxable if your employer pays the premiums, may be capped at a relatively low amount, and may not cover variable income such as bonuses or commissions. As such, these benefits may not be enough to maintain your lifestyle or pay all your bills if you become too sick or injured to work.
An individual disability income insurance policy can help supplement your group long term disability benefits and protect a larger portion of your income. This, in turn, provides a fundamental layer of security for your financial future. An individual disability income insurance policy you purchase on your own is fully portable, meaning you won’t have to worry about losing coverage if you change jobs, and the benefits paid are tax free if you are the premium payor1. In addition, an individual disability income insurance policy is non-cancelable by the carrier (as long as the premiums are paid), and with a guaranteed renewable policy, your premiums will never change for the life of the policy.
Calculator: How Would a Disability Affect My Finances?
What is Long Term Care?
Long term care is a variety of services and support to meet health or personal care needs over an extended period of time. Most long term care is non-skilled personal care assistance, such as help performing everyday Activities of Daily Living (ADL’s) which are: Bathing, Dressing, Using the toilet, Transferring (to or from bed or chair), Caring for incontinence, and Eating. The goal of long term care services is to help you maximize your independence and functioning at a time when you are unable to be fully independent.
Budgeting and Cash Flow Study
An employer-sponsored retirement plan can be a powerful tool in promoting financial security for employees. With the future of Social Security uncertain, these programs support working Americans in saving for their retirement on a systematic basis. They can also help a business to attract and retain quality employees.
Businesses of all types and sizes may establish a retirement benefit for tax-deferred savings. An employer may also contribute within most plan designs. We offer defined contribution plans and a spectrum of retirement programs including:
- Traditional 401(k)
- Safe Harbor 401(k)
- Profit Sharing
- SIMPLE IRA
- Defined Benefit
- SEP IRA
- Single (k)
- Payroll IRA
Before we suggest the most appropriate retirement design, our retirement specialists listen, analyze, and focus on your unique interests. By addressing your specific needs including favored employee classes, employer contribution intentions, and investment goals, we present well-designed, customized options for every client.
Within each plan, we educate employers on the selection and monitoring of the plan. Our universe of fund options includes a diverse array of investment categories, fund managers, and levels of risk.
We have a passion for service and the power to help maximize your retirement benefit plan success through these needs based solutions.
Fixed Annuities
An annuity is a contract between an insurance company and an annuity owner. In exchange for a purchase payment, or series of payments, the insurance company guarantees to pay a stream of income in the future.
What are the different types of annuities?
”Immediate
”Deferred
College Funding Products and Services
- College Costs Analysis
- Investment Alternatives
- Insurance Alternatives
Investment Products
Mutual Funds
Mutual funds are professionally managed portfolios of stocks, bonds or other securities that pool the money of a group of investors who have common financial goals. The value of mutual fund shares will fluctuate, so that when redeemed, they may be worth more or less than their original cost.
Mutual funds may be an appropriate option for investors at various income levels, and may help to reduce the worry of day-to-day issues such as what individual securities to buy and sell, or when to buy and sell them. They offer a level of diversity that can be hard to match as an individual investor. The increased diversification may reduce volatility. Diversification does not guarantee against a loss, and there is no guarantee that a diversified portfolio will outperform a non-diversified portfolio.
