Life insurance

Life insurance is a way to protect the finances and quality of life that your loved ones are accustomed to after you’re gone. We offer our clients a choice of term or permanent life insurance policies.

Term life insurance is less expensive because it covers a defined time period. Term coverage is sold in 10-, 20- or 30-year increments. We can also find providers for follow-up term life insurance when your existing policy expires.

Permanent life insurance is designed to protect you through your lifetime. Permanent insurance is generally more costly to purchase than term insurance, but the insurance premiums also accumulate cash value in addition to your death benefit protection, so while it is more expensive up front your loved ones stand to collect a higher value when it really matters.

Key person insurance is essential to your business when you depend on key executives. They are the visionaries, innovators, and inventors who make the whole endeavor possible. Without one or more of them, the business could cease to exist. So what if the unthinkable happens? If an essential employee suffers an untimely disability or death, your firm could be seriously and negatively impacted. If your partner suffers the worst without a succession plan or proper insurance in place, you may find yourself partnered with your old partner’s spouse or children. Bills might not get paid. Customers might be left hanging. If it’s you who suffers, how can you assure that your own family will be justly compensated for your share of the business?

That’s where we can help. Key person insurance can play a vital role in your business’s long-term financial strategy. Competitive Advantage has expertise in this area: we can analyze the nature and structure of your business to determine suitable coverage for your needs. Our specialists can assist in establishing a business structure and buy-sell agreements that assure continuity of the business for the surviving employees and their families.

Annuities

Let an advisor from Competitive Advantage show you how to use annuities as part of a diversified financial plan. Annuities provide a simple and secure stream of income, no matter which way the stock and bond market is moving. Similar to an insurance policy, you pay an insurance company a monthly premium, which they’ll invest. Eventually, the insurance company will use the earnings to pay you back. It’s up to you how much you pay into the annuity, how much you collect, and how long you’ll receive payments. Let us explain how annuities can put your money to work for you and your employees.