Effective January 2015:
RS Protection Solutions, LLC
Insurance and Annuity Strategies
RS Protection Solutions is pleased to offer Life Insurance, Annuities, Long-term Care, and Disability Insurance solutions to our clients and friends.
Our strategic partnerships with some of South Florida’s top experienced insurance and wealth management professionals enable us to provide the best insurance and annuity products to fit you and your family's needs.
This summary may assist you in understanding the value and uses of the insurance products we offer.
What is Life Insurance?
Life insurance is a contractual agreement between a policyholder and a life insurance company that pays your beneficiary a specified sum of money upon the death of the policyholder.
Typical Life Insurance Policies:
Advantages of Life Insurance
Advantages of Life Insurance (Cont.)
What is an Annuity?
An annuity is a long-term insurance product that helps grow your money with protection, and create income to help you live confidently in retirement. It is a contract that provides income for a specified period of years, or life, protecting you against outliving your savings.An annuity is the mirror image of life insurance. While the purpose of life insurance is to create an estate, an annuity liquidates it.
Advantages of Annuities
What is Long-Term Care Insurance?
Long-term care insurance is designed to cover a wide range of long-term care services. If you are unable to care for yourself because of a prolonged illness or disability, long-term care insurance may pay for the kind of services you need. Services may include help with activities of daily living, home health care, respite care, adult day care, care in a nursing home or care in an assisted living facility.
Whether or not you should buy long-term care insurance depends on a number of factors such as age, health status, overall retirement goals, income and assets. For instance, if your only source of income is a social security benefit you probably should not buy long-term care insurance. On the other hand, if you have a large amount of assets but do not want to use them to pay for long-term care, you may want to buy a long-term care insurance policy. Long-term care expenses can wipe out your retirement savings, but insurance properly purchased, can prevent this from happening and can significantly reduce the burden on family and friends.
What is Disability Insurance?
Risk of Disability Compared to Premature Death
(Source: National Association of Insurance Commissioners (NAIC))
Your hard work has led to your success. Combined with our knowledge of your financial and tax situation, our mission is to help you plan, protect your achievements, and provide for a more secure financial future.
We welcome you to contact us today for more information.Finding the right insurance does not have to be a challenge.