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TAKE THE WORRY OUT OF LIFE WITH INSURANCE PROTECTION
PEACE OF MIND
American pension and retirement Services has been providing Insurance solutions to public employees for over 25 years.
Life insurance can help provide financial security for your loved ones when they may need it most.
We go the extra mile to educate you on all the features and options available to you at an affordable price.
GET THE BEST POLICY AND SAVE WHAT YOU LOVE
Life insurance policies and processes can be very confusing. American Pensions and Retirement Services provide the best financial advisors to make sure our clients are fully educated on all of the products. APRS goes the extra mile to make features available at an affordable price.
TYPES OF LIFE INSURANCE
With a large variety of options to choose from, picking a life insurance policy can be challenging. American Pension and Retirement Services are committed to making this process as easy as possible.
TERM LIFE INSURANCE
Provides coverage and a death benefit for a specific period. You receive
Type of permanent insurance or cash value insurance.
Offers lifelong protection with a flexible premium amount and death benefit.
INDEXED UNIVERSAL LIFE
VARIABLE UNIVERSAL LIFE
Offers cash value build-up based on stock market indices.
Combines the flexibility of options with investment choices.
Access to the cash value or accelerate the death benefit while you are still living.
LIFE INSURANCE FAQS
Life insurance can be confusing. Find answers to the most frequently asked questions.
HOW DO I DETERMINE THE BEST COMBINATION OF POLICY BENEFITS?Each person has a unique reason for wanting to acquire Long Term Care coverage. In order to find the policy that best fits your needs, first, determine why you would like a policy to begin with. Some people would like the peace of mind that the maximum amount of Long Term Care coverage provides, while others are looking for coverage that won’t require too high of a budget. In either case, age, income, asset base, and tolerance for financial risk will need to be considered in order to determine what will work best for you. Our highly knowledgeable Long Term Care professionals will be able to provide technical advice and recommendations based on your needs.
CAN I STILL CHANGE MY BENEFITS AFTER MY POLICY HAS BEEN ISSUED?Absolutely. If you’re looking to expand your coverage, you will need to be approved again which will require another process of medical underwriting. Once this is completed, your new information will be used to determine your updated premium. If you choose to reduce your benefits, you will not need to undergo medical underwriting again.
HOW ARE PREMIUMS CALCULATED?When calculating a premium many factors are considered. These include your age and health at the time of application, and your benefit choices. Benefit choices include how much your benefit amount is, your benefit period, and your elimination period. Medical underwriting is the process in which your application is examined, then your premium is determined.
DOES LONG TERM CARE INSURANCE HAVE TAX ADVANTAGES?Yes! Any policies that are tax-qualified do have some tax advantages. If you itemize and your total expenses are over 7.5% of your adjusted gross income. In addition, benefit payments are insusceptible to federal taxation and even state taxation in some states. Finally, if your employer provides contributions for LTC premiums they may be 100% tax deductible.
WHAT IF I HAVE PLENTY OF ASSETS TO CARRY ME THROUGH MY RETIREMENTFinancial planning has been crucial for you to achieve this goal. Since Long Term Care can be extremely expensive (between $60,000 and $100,000 every year) using some of the interests acquired from your assets for Long Term Care coverage could be a great way to continue planning for your future! The price of Long Term Care continues to rise but National Educational Services is here to help you find the policy that fits your needs.
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