Life & Health/Financial Services
Life insurance offers you the peace of mind that your loved ones will be financially secure should anything unexpected occur. Remco Agency helps you choose from four categories of coverage: whole life insurance, universal life insurance, variable life insurance and term life insurance. Contact us today to provide your loved ones with the security and stability they deserve.
Whole Life Insurance
Whole life insurance offers life-long guaranteed premiums, interest rates and death benefits.
Whole life insurance is both a life insurance policy and a savings plan. Younger people tend to choose whole life insurance as a financial planning tool because of its fixed premiums.
Remco Agency helps you choose a whole life insurance policy that provides financial security.
Whole life insurance policies offer policyholders the tax-deferred growth of their investments. Death benefits are transferred income tax-free to beneficiaries.
Whole life insurance proceeds may be used in various ways, including to pay death and funeral costs. Policyholders receive permanent coverage as long as their premiums are fully paid.
Universal Life Insurance
Universal life insurance grants policyholders greater flexibility than other life insurance plans. These policies offer lifelong coverage, adjustable death benefits and flexible premiums.
Universal life insurance accumulates value over the life of the policy and offers financial benefits to your loved ones. Death benefits can be increased or decreased at the policyholder’s request. Premiums may also be changed as your life circumstances change.
Policy benefits may help cover:
- Funeral expenses
- Estate expenses
- Income replacement
- Outstanding debts
This type of life insurance is recommended for anyone looking for a permanent, flexible policy that has lower premiums and cash value. A medical exam is typically required to qualify for universal life insurance.
Variable Life Insurance
Variable life insurance is effective for your entire life, has all the protections of standard life insurance. It permanently protects death benefits promised to your beneficiaries, while offering growth potential to your investment.
Variable life insurance policies feature flexible premium payments and tax advantages. Remco Agency helps you choose from a selection of investment choices and death benefits that offer long-term growth potential, tax-deferred earnings and tax-free transfers.
Variable life insurance’s underlying portfolios are geared towards financially savvy individuals. The size of these investment portfolios fluctuate based on stock market gains or losses.
Types of investment choices:
- Equity fund
- Money market fund
- Bond fund
Term Life Insurance
Term Life Insurance is an easy and affordable way to pass on financial benefits to your beneficiaries. This low-cost life insurance alternative offers a death benefit at a set price for a specific period of time.
Policyholders pay a monthly, quarterly, semi-annual or annual premium for the length of the term period, which is typically 10 to 30 years. Term life insurance, which distributes death benefits, is a source of income replacement for your loved ones at a difficult time.
Individuals with outstanding debts or high expenses choose term life insurance as an affordable alternative to other policies.
With term life insurance, death benefits are paid only to those who die while the policy is active and all premiums have been paid. Unlike permanent life insurance options, term life insurance does not build cash value through its investments.
If your term life insurance policy is expiring or you wish to extend your coverage, term life insurance is easily convertible to whole life insurance.
Disability insurance replaces a portion of your income if you become unable to work due to illness or injury.
Disability benefits provide you with a financial boost that keeps you financially secure in times of need. Benefit payments enable you to continue to pay your bills and maintain your standard of living when you can’t work.
Short term disability insurance provides coverage for a limited amount of time. Policies specify a maximum coverage amount or time limit.
- Child birth
- Serious illness
- Debilitating injury
Long term disability insurance offers monthly payments in the event of a disabling accident or sickness. This comprehensive coverage helps disabled workers meet their financial obligations.
- Mental disorder
- Heart attack
Long Term Care
Long term care reimburses the expenses from an accident, injury, severe illness or age-related health issues.
A long term care policy includes compensation for out-of-pocket costs that are not generally covered by standard health insurance, Medicare or Medicaid. This policy protects your investments and your family’s financial future from spiraling medical costs.
Long term care aids those who suffer from chronic conditions and disabilities. This policy also benefits anyone who is advancing in age, because of a high likelihood of a need for long term care.
Long term care offers financial assistance if you or a loved one receives extended care from facilities, such as:
- Nursing homes
- In-home care
- Assisted living facilities
- Rehabilitation and occupational therapy
- Respite care
- Hospice care
Group Health Insurance
Group health insurance provides health plans to an organization’s eligible employees and their dependents. Employers, organizations and professional associations are typical enrollees.
Remco Agency understands every business has unique health care needs. We help your organization select group health insurance plans that are either self-funded or fully insured.
- Self-funded plans offer organizations predictable costs and asset protection.
- Fully insured plan options, which meet the minimum standards of the Affordable Care Act, feature variable levels of deductibles, coinsurance and out-of-pocket limits.
Enrolling in group health insurance today secures the health, productivity and retention of your greatest asset: your employees.
Group health insurance fills the health care needs of big and small organizations with a variety of coverage options, including:
- Group Medicare
- Behavioral health
Annuities deliver a steady stream of income to retirees who have contributed a portion of their tax deferred earnings. Annuities provide periodic payouts, death benefits and tax-deferred growth. Funds can be withdrawn without penalty after age 59.5.
Annuities are recommended for individuals who have contributed the maximum allowable amount to other retirement plans. Unlike a 401(k), there are no limits as to how much an individual can contribute to an annuity.
Types of annuities:
- A fixed annuity guarantees a minimum rate of return, tax benefits and periodic payments.
- A variable annuity pays an individual a return based on the performance of the tax-deferred investments they choose. The payouts, typically from mutual funds, vary depending on the amount invested, the rate of return and the expenses incurred.
- An indexed annuity offers a return on investment that is fixed according to the gains of a stock market index, such as the New York Stock Exchange Composite.
Tax-free annuity contributions offer investors growth potential, competitive interest rates and a guaranteed income source in retirement.
A 401(k) rollover commonly occurs when an individual changes jobs or retires. It is a distribution of cash or other assets from a 401(k) plan to another qualifying plan
401(k) accounts, a retirement plan to which employers contribute, can be rolled over at certain times. Employees roll over their money into their new employer’s 401(k) account or an Individual Retirement Account (IRA) when they change jobs. A 401(k) rollover is also allowed at age 59.5, disability or death.
Investments are typically rolled over into different 401(k) accounts or an Individual Retirement Account (IRA). A 401(k) rollover shields individuals from paying mandatory state or federal withholding taxes and IRS penalties.
A 401(K) rollover offers investors:
- Greater Flexibility
- Easier Finance Management
- Tax Incentives
- Growth Potential
Employee benefits are indirect and non-cash forms of employee compensation. They include both mandated benefits, such as social security contributions and unemployment insurance, as well as non-mandated benefits.
New or existing businesses attract and retain top talent with competitive employee benefits. They give employers of any size an advantage over the competition.
Employee benefits contribute to the health and welfare of your workforce. The result is more satisfied, committed employees.
- Healthcare coverage
- Dental and vision plans
- Workers compensation
- Retirement income
- Short term disability
- Long term disability