Senior Care Insurance Services

940-435-1846

Robert H. Blacklidge
Robert Blacklidge
Argyle, Texas
Orange County, California

The most common concern’s that arise are:

How to keep money safe and receive a competitive tax advantaged return
How to best plan the transfer of assets to heirs after death
How not to lose everything to a catastrophic illness
How not to outlive assets

Virtually all of the financial solutions that will be recommended are issued by the legal reserve life insurance industry. The reasons for this are numerous. First and foremost is the safety of the industry.

Funds placed with a company are backed by the full faith and credit of the insurance company. Therefore the rating of the company is important. (see: ambest.com)

Legal reserve refers to the strict financial requirements that must be met by the insurance company to protect the money paid in by all policy owners. Most states, including California, have guaranty associations that further protect individuals assets from any potential loss.

Not since the depression have there been any failures. Compare that to banks or stocks or mutual funds with virtually thousands.

Amazingly one of the key reasons for the inconceivable record of the life insurance industry, since the depression, has been a great deal of government regulation.

It is not surprising that the industry is so regulated because it has been granted so many

competitive advantages. Income tax deferral is an incredible benefit when deciding where to place long term safe money.

Probate avoidance can be achieved with minimal planning and is another industry benefit
Income tax free proceeds at death has always been a hallmark of life insurance when there is a named beneficiary. Tax free income is possible when following I.R.S. regulations using life insurance Income tax deductible premiums are possible for long term nursing care coverage

With these advantages it should not come as a shock that the industry is so large and so safe.
It would, however, come as a shock if these advantages were not made use of by people of all ages.