We Are Gretel’s Post

Bermuda’s long-term re/insurers could help close the retirement coverage gap, according to National Association of Insurance Commissioners (NAIC) president Andrew Mais. He noted that U.S. regulators are considering how Bermuda's reinsurance market can bolster the supply of life insurance and annuities, while upholding strict safety standards. Mais, was speaking at a life and annuity conference in Bermuda organised by Bermuda International Long Term Insurers and Reinsurers, according to ALM Think Advisor. Read the full story here: https://ow.ly/Fl8V50TMA0I #BermudaInsurance #RetirementPlanning #InsuranceRegulation

A beneficiary is a person (or entity) designated to receive the benefits of property owned by someone else - often as part of an inheritance. A beneficiary can be designated in the documents relating to a life insurance policy, a retirement account, a brokerage account, a bank account, and other financial products. It's important to designate beneficiaries for your financial assets so that they can be distributed according to your wishes when you pass away. Here are some things you should know about beneficiaries.

You’ve spent your life taking care of your family, so it makes sense that you’d want to take care of your grandchildren, too. Connect with me if you’re looking for the most tax-advantaged way to do it. #NorthwesternMutual #NorthwesternMutualWestLA #WealthPlanning #WealthManagement #JohnCalvert #MultigenerationalWealth #EnduringLegacy #Insurance #Investments #FinancialPlanning #RetirementPlanning #BusinessSuccessionPlanning #ForbesBestInState #ForbesBestInStateWealthAdvisors #FinancialSecurity

This is a very good article published by STEP – Advising Families Across Generations on immediate needs annuities (INAs) which is the only method of paying for care that guarantees fees will be paid for the life of the person needing care. A new client we recently advised is a very good example of an affluent client needing to make sure they never run out of money and wanting to live well in later life, whilst wanting to protect wealth and maximise the legacy they leave behind. …and there’s the rub, particularly where the client has lost mental capacity. The word limit on LinkedIn posts does not allow me to cover this situation in detail, but suffice to say, it required: 1. Specialist technical knowledge 2, a holistic approach to financial planning 3. A collaborative approach to advice 4. Being a safe pair of hands for someone in vulnerable circumstances All four of these components were evident in the package of advice that my team at Matrix Capital Limited delivered for this client. A very gratifying piece of work undertaken for a fixed fee agreed at outset, with a tailored ongoing service in return for a fixed retainer fee, tailored to the service needed by the client, supported by attorneys. Care fees guaranteed for life, inheritance tax mitigated, living life to the full, family supported, a valuable legacy to pass on - a safe pair of hands provided for a person in highly vulnerable circumstances. #FinancialPlanning #LaterLife Society of Later Life Advisers The Association of Lifetime Lawyers

Demystifying Beneficiaries in Your Finances! Beneficiaries are crucial in financial planning, especially for life insurance and retirement accounts. Here's your quick guide: What's a Beneficiary? A beneficiary is the person or entity you choose to receive the proceeds from your life insurance, retirement account, or other financial assets when you pass away. You can change this designation while you're alive. Types of Beneficiaries: There are two key types: a. Primary Beneficiary: They get the assets if they outlive you. b. Contingent Beneficiary: They receive the assets if the primary beneficiary can't or won't. Naming both ensures your wishes are clear. Why It Matters: Designating a beneficiary ensures your assets go where you want. Not naming one can lead to distribution based on default rules, possibly not aligning with your plans. Who Can Be a Beneficiary? It can be anyone spouse, kids, family, friends, or even a charity. The key is choosing someone responsible to use the funds as you intend. Considerations: a. Name both primary and contingent beneficiaries. b. Keep your designations up to date. c. Choose a trustworthy beneficiary. d. Be aware of tax implications. e. Think about how it fits into your overall estate plan. Understanding beneficiaries ensures your financial assets go where you want. Have questions or insights? Share below! #Beneficiaries #FinancialPlanning #LifeInsurance #EstatePlanning #FinancialSecurity #LindenhurstCPA #LegacyPlanning

You can’t stop disasters from happening, but the right insurance policies can help protect your assets and financial future when faced with unexpected expenses. Check out these 5 types of insurance to consider including as part of your overall financial plan. https://lnkd.in/gNMSMPrb  #GCGWealthManagement #Finance #PersonalFinance #FinancialPlanner #FinancialAdvisory #Retirement #Invest #CharlotteNC #GastoniaNC #GreensboroNC #GreenvilleNC #WinterParkFL #CharlotteSouthEnd #VantageSouthEnd #CFP #DisabilityInsurance #LifeInsurance #HomeownersInsurance #RentersInsurance

Unlocking Greater Value for Investors: The Power of Integrated Insurance Products Incorporating insurance products into your financial plan can significantly boost value compared to investment-only strategies. A recent Ernst & Young study highlights the benefits of combining permanent life insurance and deferred income annuities with your investments. These integrated strategies offer legacy protection, tax-deferred savings growth, and guaranteed income for life. Discover how you can optimize your retirement income and legacy value. 📈📊 Learn more about these strategies and how they can benefit your financial plan. Read the article now! #FinancialPlanning #InvestmentStrategies #Insurance #RetirementPlanning #WealthManagement https://lnkd.in/gHCtdxkN

🌟 Protect Your Family's Future with Wealth Creation 🌟 Ensure your family's financial security and peace of mind with our wealth creation plans. Here's why you should consider life insurance: 🛡️Financial Security: Life insurance provides your family with a financial safety net in case of your unexpected absence ensuring they can maintain their standard of living. 🏠Collateral Security: Use your life insurance policy as collateral for loans providing additional financial flexibility when you need it most. 💰Tax Relief: Enjoy tax benefits on the premiums paid and the maturity proceeds helping you save more while securing your family's future. 👨👩👧👦 Child's Future Security: Secure your child's future by investing in a life insurance policy that can help fund their education marriage or other milestones. 👵👴Retirement Planning: Life insurance can be a key component of your retirement planning providing you with a source of income in your golden years. Don't wait to secure your family's future. You are unique! Your financial planning is unique!   Contact us to learn more about personalised strategies to secure the financial future of your family. https://rb.gy/pdwxhi   #educationfund, #family, #finance, #financialadvisor #financialindependence, #financialliteracy, #financialplanning #financialwellness, #lifeinsurance, #lifeinsurance, #retirementfund, #retirementgoals, #retirementplanning, #wealthbuilding, #wealthymindset, #debtfree, #investments, #cashflow, #millionairemindset, #passiveincomestream, #wealthbuilding

·        ACQUIRING CLIENTS AND MAKING MONEY FROM THE REINSURANCE CRISIS For the past few weeks, I have been writing posts and commentary about the reinsurance crisis that has revealed how some annuities are backed by reinsurance with no cash or negative equity. As some articles in ThinkAdvisor and other publications have stated, this could put the retirement security and retirement income security of a large number of Americans at risk. Agents selling these annuities can no longer justify using the most popular script ever created to sell annuities, "GUARANTEED income for life!" I have been thinking about this reinsurance crisis day and night and have come up with a way for agents to acquire a number of new clients BECAUSE of this crisis and because most insurance agents are unaware of it or are putting their heads in the sand trying to ignore it (the Ostrich Strategy). Not only that, but you can make more money from your existing clients by acting in a fiduciary capacity by doing what is truly in the best interest of your clients. As I have said in my seminars and to my clients for many years now, "The greater the problem, the more needed the solution is and the bigger the pay-off is for solving the problem!" I am convinced that one of my clients, one of the top insurance agents in the country, will make more than $1 million by using the strategies I have recently developed. But forget about her and her increased income. The real reason to do this is to help your clients. Dr. Donald Moine Business Building Strategies #ReInsuranceCrisis #UnprotectedAnnuities #NoMoreGuaranteedIncomeForYou #BigCrisisBigOpportunity #DoTheRightThingForYourClients #BuildYourBusinessNow #ProtectYourClientsNow #DrDonaldMoine

If you are living paycheck to paycheck and have no savings then this video is for you. It is very important for everyone to have savings in place. Do what I suggest in this video to start saving today. DM me for my free guide to help you get you started with Financial Stability. Do you need advise on 1. Term life insurance planning 2. Children's education fund planning 3. Child's life starter fund planning And 4. Retirement fund planning And to assistance to implement all or any of the above? Do message me. Happy to be of help to you. 🙂 I also advice on, 1. Keyman insurance, 2. Employeer employee insurance For businesses. Also do get in touch to know more about securing your policy under the married women property act(MWPS).