Life Insurance is important to protect your clients loved ones in the event of a premature death. However it can also be one of the key pieces to accomplishing many financial goals such as: Retirement Income Planning, Tax Planning, Estate Planning, Self-Banking, College Planning, and Long Term Care planning
Medical costs is potentially the number one fear that Americans face as they enter retirement. Medicare is the primary source of insurance in the U.S. for people age 65 and older. Unfortunately many seniors don’t realize that Medicare does not cover all their medical costs.
Long-Term Care Insurance
The Administration of Aging has stated that someone turning 65 today has almost a 70% chance of needing some type of long-term care services. They also estimate that about 20% of today’s 65 year-olds will need care for more than five years.
Income is a very large concern to Americans after they retirement. According to a recent survey by the Indexed Annuity Leadership Council roughly 25% of Americans are concerned about outliving their money. Sequence of return risk can also have a significant impact on a retirees wealth being depleted too quickly.
According to the Social Security Administration, just over 1 in 4 of today’s 20 year-olds will become disabled before they retire. Data from the U.S. Census Bureau indicates that over 37 million Americans are classified as disabled.
Small Business Plans
Long Term Care
Blackridge Asset Management offers clients a variety of advisory programs and services. They work with both Solicitors as well as Investment Advisor Representatives. Solicitors are Investment Professionals that refer business to Blackridge and utilize one or more existing models offered through Third Party Strategists, Proprietary Home Office Models, and SMA Managers. Our Investment Advisor Representatives, in addition to utilizing the models mentioned above, also have the ability to create models, and manage those models on behalf of their clients.