Wedbush Securities provides a full range of annuities, life insurance, long-term care and disability products through some of the nations leading issuers. These platforms offer several benefits including flexibility, tax-deferred growth, estate planning assistance and fixed or variable retirement income.
A variable annuity offers clients a wide range of investment options. Modern variable annuity products provide the opportunity to protect a future income stream while providing a specific death benefit.
A fixed annuity is designed to pay a set interest rate. Once annuitized, clients receive fixed payments for the term of the contract. Clients can select an annuity that provides a predictable stream of income to support their lifestyle and income requirements.
An index annuity earns interest or provides benefits that are linked to an external equity index such as the S&P 500, Dow Jones Industrial Average or NASDAQ. The principal investment is protected from losses in the equity market while gains are added to the annuity’s returns.
An immediate annuity is designed to pay owners a determined amount of money on a monthly, quarterly, semi-annual or annual basis. The payout for an immediate annuity can be fixed or variable. The fixed contract will guarantee the client a set income that will not fluctuate for a specified period of time. The variable contract will fluctuate with the performance of the selected investments.
Term Life Insurance
Term life insurance provides death protection for a stated period of time or term. Since term insurance can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range coverage goals. Generally, it is the least expensive way to purchase a substantial death benefit. Premiums can either be renewed annually or remain level for a specific period of time.
Whole Life Insurance
Whole life insurance offers level premiums and an accumulation of cash value. While the insurance portion provides a specific death benefit for life, the investment portion accumulates cash that the policyholder can withdraw or borrow against.
Universal Life Insurance
Universal life insurance combines the low cost protection of term with a cash value element similar to whole life. Add flexibility to this combination by allowing the death benefit, cash value and premium value over time to be adjusted by the client according to the client’s evolving circumstances.
Variable universal life insurance can build cash value in excess of the death benefit. The premium is invested in a wide variety of separate accounts and the choice is entirely up to the contract owner. The value will vary because investments are in the stock or bond markets.
Long-Term Care Insurance
Long-term care insurance covers care typically not covered by health insurance, Medicare or Medicaid. Long-term care insurance most often covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer’s facilities.
Disability Income Insurance
Disability income insurance insures the beneficiary’s earned income against the risk that disability will make working (and therefore earning) impossible. Premiums and available benefits for coverage vary considerably depending on the monthly benefit, the length of the benefit period, elimination period, occupation, and state. Individual insurance is available as well as group plans.
Your Wedbush Advisor can help you determine which solutions and products are best designed to complement your planning objectives and give you peace of mind. To locate a Wedbush Advisor, click here.
Note: Annuities are offered by insurance companies and are sold through licensed agents. Annuities are income tax deferred, avoid probate and can provide income for a specific period of time.