Protecting your Family...your Business...your Future...

SERVICES

LONG TERM CARE INSURANCE
Long term care insurance provides a practical way of buying peace of mind for the future. While you may be fit and healthy now, it is a fact of life that increasing age and physical deterioration eventually make it more difficult to live independently. When you take out long term care insurance you are not taking out insurance against illness. You are, instead, providing for the time or situation when you need help with daily activities such as walking, dressing, eating and hygiene. Once you decide to provide for yourself in this way it is important to choose the best long term care insurance available for your needs.

The cost of a long term care insurance policy is an important factor. According to AARP, the leading non-profit membership organization for people aged fifty and over in the United States, the best type of long term care insurance policy is one which has a reasonable deductible, a diversity of options, inflation protection and a guarantee of sufficient financial benefit. This can cost thousands of dollars a year.

People interested in buying the best long term care insurance policies for their needs should always seek expert advice, either from a trained insurance agent or a financial planner. Without such advice there is the risk that policy purchasers could be tempted to do away with important conditions such as inflation protection in order to make their long term care insurance policy more affordable. Expert advice can help you to avoid making such mistakes. REQUEST INFO >

PERSONAL INSURANCE

Whether it's your first car, second home or third child, I can recommend the coverage that best utilizes and protects your assets. What events could jeopardize your family's finances? What could threaten your assets or your earning ability? How have you prepared to handle those events if they should occur?

I can help you develop a personal insurance plan to protect the people you care about and give you peace of mind.

Without a plan:

• You may be over-insured in some areas and underinsured in others.
• You may be unaware of the risks to which you are exposed.
• You may be insuring risks that are more emotional than financial in nature.

As your independent insurance agent I can help you:

• Identify those events which pose a financial risk to you or your family
• Determine which methods you are currently using to manage your risks
• Identify gaps in your current insurance plan

Our goal is to provide you with adequate insurance at a competitive price. Click any coverage type to the right for more information, helpful tools or to obtain a quote. REQUEST INFO >

FINANCIAL SERVICES

Common sense planning for the future! We offer a range of products to help you build and secure your future. Whether your finanacial future includes paying college tuition, purchasing a new home or retiring with security, we look forward to helping you reach your goals.

Some of the products you might wish to consider:

• Traditional IRA/IRA Rollove/rRoth IRA/Education IRA/529 College Savings Plan/Annuity/ Mutual Funds/Employer Retirement Plans
• Variable Universal Life Insurance

Traditional IRA: This is a tax favored account that allows anyone under the ago of 70 1/2 who has earned income from employment to contribute up to $3,000/year, and is subject to certain income conditions. These contributions are tax deductible, though earnings are tax-deferred. Withdrawals are taxable and are required to begin at the age of 70 1/2. If you withdraw from the account prior to age 59 1/2 a tax penalty may apply and there are federal restrictions.*

IRA Rollover: This is a tax favored account which savings are transferred from an existing, qualified retirement plan (i.e. 401 (k) plan) to a Traditional IRA. Though contributions and withdrawals follow the guidelines as a Traditional IRA.*

Roth IRA: This is a tax favored account that allows anyone, regardless of age, with earned income from employment to contribute up to $3,000/year, and is subject to certain income conditions. Contributions are not tax deductible. Earnings are tax deferred. Withdrawals are tax-free under certain conditions, but if you withdraw from the account prior to age 59 1/2 a tax penalty may apply and there are federal restrictions.*

Education IRA: A tax favored account that allows anyone to contribute on behalf of a child. These contributions can not exceed $2000/child per year. Limitations do exist on the contribution of any one person.*

529 College Savings Plan: This is a national college savings program authorized and created under Section 529 of the IRS code that enables individuals to save and invest on a tax deferred basis at a variable rate of return to fund college or graduate school expenses. Parents, grandparents and others are able to contribute up to $10,000/year per beneficiary.*

Annuity: This is a contract with an insurance company that you agree to deposit a specific amount of money with that insurance company. The insurance company agrees to pay a fixed rate of interest on your funds, as long as the contract exists. The interest you earn accumulates as tax deferred. Also available are variable annuities which pay a variable rate of return. Withdrawals are taxable and if you withdraw from the account prior to age 59 1/2 a tax penalty may apply and there are federal restrictions.*

Mutual Funds: This is an open-end management investment company that combines the money of many investors and hires an investment manager to invest that money
in an attempt to gain one or more financial objectives. These financial objectives can be classified as current income, capital growth and capitol preservation.*                 REQUEST INFO >

*Our agency does not provide legal or tax advice. For specific legal or tax advice based on your situation, please contact your attorney of tax advisor.

Tom Newsham - Independent Insurance Agent • Wise Insurance Agency
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