Insurance and Annuities
In addition to individual coverage, life insurance products have valuable applications for business planning purposes. Through Investment Centers of America, Inc. we can offer clients effective solutions for needs such as income replacement for surviving family members, generational wealth transfers, efficient funding of estate tax liabilities, and funding of buy-sell agreements or key-person insurance.
Deferred fixed Annuities offer tax-deferred accumulation, guaranteed returns, the ability to convert to a guaranteed income stream and avoidance of probate. ICA can help you determine if an annuity should be part of your portfolio.
Fixed annuities are long-term investments designed for retirement purposes. Guaranteed interest rates are based on the claim-paying ability of the underlying insurance company. Surrender charges may apply. Withdrawals are subject to ordinary income taxes, and if made prior to age 59 1/2, may be subject to a 10% penalty. Additional benefits and riders may increase the cost of the premium or lower the interest rate. Tax deferral is of no additional benefit if annuity is held in a retirement account such as an IRA or 457 (b) plan.
According to the U.S. Department of Health and Human Service, at least 70% of people over age 65 will require some long-term care services at some point in their lives. But the costs of care can have potentially devastating financial effects. Long-term care insurance may be appropriate if you want to protect your assets. ICA can help you identify traditional or linked-benefit long-term care products to suit different needs.
Contact an ICA Representative for more information.
- Investment Centers of America, Inc. (ICA), member FINRA/SIPC and a Registered Investment Advisor, is not affiliated with First Federal Savings Bank and/or First Federal Investment Centers. Securities, advisory services and insurance products offered through ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, or guaranteed by any bank or their affiliates *subject to risks including the possible loss of principal amount invested.
- Representatives of a Registered Broker-Dealer (“BD”) or Registered Investment Advisor (“IA”) may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, that state; or (b) are excluded or exempted from that state’s registration requirements.
- Representatives of a BD or IA are deemed to conduct business in a state to the extent that they would provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions in securities; or (b) rendering personalized investment advice for compensation.
We are registered to offer securities in the following states: CO, FL, HI, IL, IN, KY, MI, OH & TN