SWAN Life Insurance

An annuity is different from most other retirement savings vehicles. It's actually a contract between you and an insurance company. In return for making one or more premium payments, the insurance company agrees to provide you an income stream, usually during retirement. You can elect to receive payment all at once or as a series of payments, even for the rest of your life.

Individual Disability Income Protection is a must for a business owner, and highly recommended for executives. If you are a business owner, you should consider purchasing both group and individual policies, if possible. As an executive, you should be sure to obtain group coverage if it is available. Only forty-three percent of large companies provide group long term disability insurance.

Better a witty fool than a foolish wit. William Shakespeare

Question: Is my disability income taxable?
Answer: Money received from worker's compensation for sickness or illness is not subject to income tax. Amounts received under a private accident policy for which you pay the premiums are also nontaxable. To the extent your employer pays the insurance premiums, your benefits will be subject to tax. The punitive damage amount in any legal settlement, if any, is generally includible in taxable income as is any interest included in the damage award.

A fixed annuity can help you accumulate tax-deferred earnings as part of your overall retirement plan. Annuities offer the opportunity for lifetime payments and tax-deferred earnings and provide a guaranteed death benefit for your beneficiaries. All guarantees are backed by the continued claims-paying ability of the issuing insurance company.

With Life Insurance Preferred Rates are cheaper insurance for people who can prove they are a lower risk to the insurance company. Considerations to determine risk include gender, smoking habits and other health-related factors, such as lifestyle, physical build and nature of profession, as well as an individual’s personal and family health record. Preferred rates lead to large cost savings to life insurance applicants who qualify.