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THE JT GROUP AND ASSOCIATES is rapidly becoming one of the fastest growing agencies in the nation – and for good cause. We’ve taken a different approach from the very beginning: we’re an independent firm helping agents established there agencies and a independent insurance agency helping to provide all services to our clients and communities, from its inception. We have a desire to provide the best, not only in the insurance providers available, but also service which is second to none for you – our valued client.
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We opened our doors in October 2010. We started our brokerage firm with an ambition to help you shop for the best plan available, while always remembering to have both the best trained and knowledgeable agents, and also have a wide selection of products and carriers that enable us to address the needs of each our valued clients.
With the massive number of carriers we represent, we have the best choices for all your insurance needs. We are here to educate you on the options available to you, which will allow you to make an informed decision. We hold no bias toward any carrier or product type. We only invite independent agents and agencies who recognize that their success and satisfaction is tied directly to providing the solutions to you, our clients, and addressing your needs and concerns. We at THE JT GROUP AND ASSOCIATES enjoy helping individuals, families, and business owners GROUP their options together to help establish a financial future and the future of their loved ones.
WHY CHOOSE THE JT GROUP?
Helping Individuals, Families and Business Owners create their future and the future of their loved ones
HELPING TO PROTECT COMMUNITITES
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We specialize in retirement planning for teachers, pastors, police officers, and firefighters, as well as government pensions and retirement solutions for prison workers. In addition, we offer a variety of insurance options such as life insurance, health insurance, business group plans, and home-auto-commercial insurance. Let us help you plan for your future and protect what matters most.
We understand how important it is to plan for your future, which is why our Insurance and Retirement Planning service offers comprehensive plans that include group health insurance, individual health insurance plans, 401K plans, annuities, life insurance, Medicare, accidental insurance, term life plans with return of premium, burial insurance, home-auto-commercial and more. Regardless of your income, we have retirement planning options that can help you secure your financial future. Our services also include disability insurance, long-term care plans, and building cash accumulation. Let us help you achieve your goals and create a lasting legacy for you and your loved ones.
Life Insurance Basics: A Cheat Sheet to Help You Pick the Right Policy
These life insurance basics will help you understand different policies and pick the right coverage.
What the Dictionary Says About Life Insurance
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Here’s a life insurance definition :
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“Insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age.”
This definition creates two questions:
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Who is the policyholder?
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Who is the beneficiary?
A POLICYHOLDER is:
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“The individual or firm in whose name an insurance policy is written; an insured.”
A BENEFICIARY is:
“A person designated as the recipient of funds or other property under a will, trust, insurance policy, etc.”
To summarize:
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The policyholder pays a premium (usually a recurring payment) to the insurance company to keep life insurance coverage active.
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The policyholder names a beneficiary or beneficiaries when she sets up a policy.
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The beneficiary receives the benefit (or sum of money) from the life insurance policy after the policyholder passes away.
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Life Insurance Basics: Uses
It might not comfort you to think, “My life insurance only works after I die, then?”
Instead of dwelling on your final moments, think about how the life insurance benefit can be used to:
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Donate to charity
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Fund a trust
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Keep a business going
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Pay bills
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Pay living expenses
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Wipe out debt
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Calculating Your Life Insurance Needs
Go to Google and search for this: “How much life insurance do I need?” You’ll find some conflicting results. That’s because different people have different life insurance needs.
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We can’t predict how much coverage you need down to the penny, but the following calculation method will get you started.
The JT Group and Associates will work with you to find the right coverage amount.
How Your Life Insurance Rates Are Determined
Your life insurance rates will be determined by a number of factors, including:
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Age
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Gender
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Coverage amount
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Coverage type
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Tobacco use
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Height and weight
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You might have to take A MEDICAL EXAM depending on the coverage you choose. A medical professional (probably a nurse) will ask you a series of health questions, and you might need to provide a urine or blood sample.
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Simplified issue life insurance skips the medical exam. This kind of coverage might work best for someone who has health issues. Generally, simplified issue plans offer lower coverage limits than other life insurance policies.
Different Types of Life Insurance
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Term Life Insurance Definition
Term life insurance costs less than other forms of life insurance.
It’s “term” insurance, so it provides coverage for a specified period of time. It’s great for covering specific debts like a home loan or expected college costs, but it might not account for your lifelong financial needs.
Your term life premiums can increase based on age and other factors. When your coverage term ends, you may have the option of converting your policy to a permanent life policy.
Permanent Life Insurance Definition
Unlike term life insurance, permanent life insurance accumulates a cash value and remains in force for your lifetime. The two main kinds of permanent life insurance are WHOLE LIFE and UNIVERSAL LIFE.
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We recognize that every family is unique, and we work hard to give the finest solutions for each specific scenario. With a diverse product offering and exceptional client service, we are positive that we can assist you and your family in locating the coverage you require to secure your loved ones. Get in touch with us today to learn more and get started.
What Is An Annuity?
An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date.
Annuities typically offer tax-deferred growth of earnings and may include a death benefit that will pay your beneficiary a specified minimum amount, such as your total purchase payments. While tax is deferred on earnings growth, when withdrawals are taken from the annuity, gains are taxed at ordinary income rates, and not capital gains rates. If you withdraw your money early from an annuity, you may pay substantial surrender charges to the insurance company, as well as tax penalties.
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MULTI-YEAR GUARANTEED ANNUITY
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A Multi-Year Guaranteed Annuity (MYGA) is a type of fixed annuity. It has a fixed interest rate that is applied to invested funds for multiple years in a row. Sound familiar? MYGAs are like bank certificates of deposit (CDs) in many ways. MYGAs are some of the simplest forms of annuities. This type of annuity is primarily used to grow funds as opposed to generating income.
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INDEXED ANNUITY
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A special class of annuities that yields returns on your contributions based on a specified equity-based index. These annuities can be purchased from an insurance company, and similar to other types of annuities, the terms and conditions associated with payouts will depend on what is stated in the original annuity contract.
BREAKING DOWN ‘Indexed Annuity’
Insurance companies commonly offer a provision of a guaranteed minimum return with indexed annuities, so even if the stock index does poorly, the annuitant will have some of his downside risk of loss limited. However, it also is common for an annuitant’s yields to be somewhat lower than expected due to the combination of caps on the maximum amount of interest earned and fee-related deductions.
For example, suppose an indexed annuity is based on the S&P 500, which earns 10% one year. The terms of an indexed annuity state that fees will be 2.5% and that the maximum cap on returns is 9%. In this case, the annuitant would only receive a total of 6.5% (9% – 2.5%) return from his or her annuity.
FIXED ANNUITY
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Fixed annuities are essentially CD-like investments issued by insurance companies. Like CDs, they pay guaranteed rates of interest, in many cases higher than bank CDs.
Fixed annuities can be deferred or immediate. The deferred variety accumulate regular rates of interest and the immediate kind make fixed payments – determined by your age and size of your annuity – during retirement.
The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income.
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SINGLE PREMIUM IMMEDIATE ANNUITY
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A Single Premium Immediate Annuity (SPIA) is a contract between you and an insurance company. By paying in a lump sum of money you are guaranteed to receive a series of payments over a period of time.
A SPIA provides a consistent income stream that helps pay monthly bills in retirement. You give an insurance company a single lump sum of money and they give you a paycheck for life, or longer, depending on the payout option you select. Annuity income can supplement Social Security benefits, income from investments, and retirement account distributions.
Build Wealth with Indexed Universal Life Insurance From Secure Retirement Strategies
When it comes to securing your financial future, working with just any retirement planning company won’t do. The success of your financial future depends on the plans and strategies you put into play today. That is why our team of highly experienced financial planning professionals work around the clock to help clients build wealth that can last for generations to come.
INDEX UNIVERSAL LIFE INSURANCE
We’re here to help you feel confident in your financial future.
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What is Indexed Universal Life Insurance?
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Indexed Universal Life Insurance (IUL) is a financial vehicle that is extremely appealing to investors looking to conserve funds for their retirement. It is a form of permanent insurance that allows policyholders to build a cash value that can be used by the policyholder while they are living. The investment strategies used by this policy to grow cash value provide stock market based returns with no exposure to downside market risk.
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How do Taxes Affect Indexed Universal Life Insurance?
An Indexed Universal Life Insurance policy is funded with post-tax dollars, which will allow policyholders to withdraw tax-free funds at any age. Furthermore, if designed correctly, the cash value inside your indexed universal life insurance policy grows tax free and funds can be pulled out as tax-free loans that don’t have to be paid back during your lifetime.
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Advantages of Indexed Universal Life Insurance
Indexed Universal Life Insurance appeals to many executives and business owners because of the advantages it provides. One of the main advantages of the IUL is that the cash value is protected from drops in the market. This occurs because an IUL’s investments are not placed directly in the market where they would be subject to a loss. Instead, they are put into a strategy that mirrors an index such as the S&P 500 or the NASDAQ. This allows you to reap all or a portion of the gains in the market. Any gains you receive are then locked in to protect your policy against potential losses.
Unlike IRA’s and 401(k)’s there is no limit on how much money can be placed into your IUL. You determine what is appropriate for your financial plan. The more you contribute, the greater benefits you have.
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Another advantage of an IUL that is worth mentioning is the fact that there are no restrictions on when you can take money from your IUL. Also, unlike IRA’s and 401(k)’s, the IRS does not require you to start withdrawals at age 70 ½. So, along with a tax free death benefit for heirs, the IUL provides tax-free wealth building and access to tax free cash while you are living. 95% of the death benefit is available tax-free for Long Term Care needs at home or in a facility. 90% of the cash in the policy can be withdrawn by you for any purpose at any time. There is great flexibility in how to utilize your Indexed Universal Life policy while you are living.
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How does the Stock Market Affect Indexed Universal Life Insurance?
Generally, when you purchase an IUL your interest return follows an index like the S&P 500 where you get a percentage of that index return each year or you get all of it up to a limit, currently around 12.5%. If the index is negative you are guaranteed not to lose any money. Each year your gains are locked in and cannot be taken back in a negative year. To sum things up, you can make up to 12.5% each year without ever risking any loss.
Start Building Your Retirement Portfolio Today!
No matter what you envision your financial future to look like, Secure Retirement Strategies is the company you need to help your put retirement plans in motion. We offer a wide range of tax-free income building strategies such as:
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UNDERSTANDING LIFE INSURANCE RETIREMENT PLANS
WITH THE JT GROUP AND ASSOCIATES
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When it comes to planning for your retirement, security means everything. Whether you are looking to secure a reliable stream of income during your retirement or to provide for your loved ones after you’re gone, The JT Group and Associates can plan for a brighter future. Our team of expert financial professionals is passionate about helping individuals and families achieve their retirement goals.
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HOW TAXES AFFECT LIRPS
If you are like most people that are saving for the future, you have accumulated a good portion of your wealth in two of the three investment buckets. These are the taxable and tax-deferred buckets. While many investors are aware of how important it is to invest funds in these buckets, they do not account for the impact that higher taxes will have on diminishing all of the wealth you have gained. It is important to include the third bucket, the tax-free investment, in your plan.
In the United States, things such as federal government spending on social welfare programs, our national debt, and the large numbers of baby boomers exiting the workforce, are set to cause our tax rates are to skyrocket. To combat these issues, many Americans are in fact turning to tax-free accumulation and distribution tools like a Life Insurance Retirement Plan as a way of avoiding the impact of raising taxes.
LIRPS VS. ROTH IRAS
Let’s take a 30,000-foot view of what a Life Insurance Retirement Plan is. A Life Insurance Retirement Plan is an accumulation and distribution tool that shares many of the tax-free attributes as a Roth IRA but without many of the restrictions. When you design a LIRP properly, it gives you many desirable features of which include no income limitations. Remember the IRS imposes income limitations on who can put money in a Roth IRA, but a LIRP has no contribution limits. Furthermore, with the LIRP, you will not get any 1099’s issued, so your money gets to grow tax-free.
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WHY CHOSE A LIRP?
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We like to tell people a Life Insurance Retirement Plan is a Roth IRA plus more. Typically, we like to put the money in a LIRP over a five year period instead of all at once. This ensures that we don’t buy too much death benefit or move you into a higher tax bracket.
In our professional opinion, the LIRP is a excellent financial tool to have in your financial planning strategy. It provides tax-free income, a death benefit for legacy, long-term care coverage, no 1099’s and does not hit your tax return —it’s definitely a win-win for those who chose to invest.
FIND YOUR UNIQUE
PATH TO RETIREMENT
Planning for life after leaving the workforce can feel overwhelming, but with the proper amount of foresight and strategic planning, you can secure the retirement you’ve been dreaming of.
GETTING A QUOTE IS FAST AND EASY!
With the vast number of carriers at our fingertips, we guarantee you the most competitive rates on all types of policies! Email us a right now; info@thejtgroup.net to find out how much you can be saving by going through The JT Group and Associates. Or you can fill out this easy form and within 24 hours one of our reps will call you to discuss what kind of rate we can give you!
HELPING YOU FEEL CONFIDENT IN YOUR​ FINANCIAL FUTURE
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At The JT Group and Associates, we have spent years helping our clients build wealth that can be used to not only fund their retirements but provide for their families for generations to come.
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“We offer professional financial retirement strategies to individuals and families living in throughout the US.
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SERVING ALL 50 STATES
THE JT GROUP AND ASSOCIATES
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