at 1908 S Business Ctr Dr, Suite 270, San Bernardino, 92408 United States
Business & Personal Insurance Planning
Our Philosophy... to provide the highest level of professional service, products and expertise to an ever increasing number of individual and business clients in need of our Insurance and Planning Services.
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From a tax planning perspective alone, permanent life insurance is the triple double of estate planning: (1) income tax-free death benefit (IRC Sec. 101(a)(1)); (2) tax-deferred cash value buildup (IRC Sec. 7702); and (3) the ability to remove death proceeds from an estate (IRC Sec. 2035). We must all work hard to protect these three thin threads of life insurance because no other estate planning products or solutions offer so many efficiencies. When you add the non-tax advantages, such as permanence, leverage, cash value flexibility, self-completion of the death benefit and payment timeliness, you have an all-around performer in permanent, cash value life insurance. When you work in the estate planning market, term insurance should be an absolute last resort. -David Szeremet
Q & A: How can I retire when I want — and on my own terms? Few people are in complete control of the timing of their retirement. Those with significant cash value in a life insurance policy, however, can exert greater control over the age at which they retire. Policy owners who diligently build up their cash value over decades can enjoy more flexibility when it comes to the timing of retirement, and they can have the cash to do it, on a tax-favored basis. Cash value can be tapped to allow for early retirement, providing a bridge until qualified plans or Social Security begin to pay out. Or cash value can supplement monthly income when the owner is in retirement. Importantly, there are no rules dictating how long money in a policy must be kept in or when it must be taken out. Naturally, if the policy owner dies before retirement, the life insurance proceeds can protect his or her family, perhaps helping the surviving spouse during the retirement years. - Kurt Fasen By utilizing many premier national/international companies, The Andersen Group provides quality companies to solve our clients needs while maximizing future benefits through insurance planning! (909) 383-5050 Call us for a free insurance review today!
Q & A: How can I get funding to start my own business? The dream of running a business calls to many people, whether they have a novel idea or just a desire to be their own boss. But finding funding for a new venture can be tough. Some entrepreneurs start small and reinvest their profits, but they often become impatient at the slow growth such bootstrapping delivers. Others take out bank loans, only to be crushed by the strain of immediate repayments. With enough cash value in a life insurance policy, the policy owner can quickly access startup capital for a new business. The cash can help with basic business expenses or even personal necessities, such as medical or disability insurance. Few people are aware that two famous entrepreneurs — Walt Disney and Ray Kroc — relied on life insurance policy loans to fund their bold visions for Disneyland and McDonald’s, respectively. -Kurt Fasen Call us to start your plan today! (909) 383-5050
Q & A: How can I help my kids afford a college education? Most parents dream of a college education for their children but are unsure of how to prepare for it financially. With life insurance, they get two financial tools in one. The first is, of course, the death benefit from a policy, which could help provide college funding if the owner were to die. The second tool is the cash value in a life insurance policy. In this situation, the alive-and-well policy owner could draw on the value to fund one or more years of a college education, depending on the level of cash value. Most parents don’t know that federal financial aid calculations do not count the cash value in life policies. This advantageous treatment may allow parents to reduce how much they pay out of pocket for a child’s college tuition. -Kurt Fasen An important factor in cash accumulation policies is to research the company in which you place your business and the crediting methods in which they utilize! The Andersen Group utilizes many of the premier national/international companies to assist in planning for our clients. (909) 383-5050
With significant ongoing changes to the Health Insurance marketplace, we have answers to your questions - Individual, Group, & Senior! The exchanges are coming later this year - will you benefit from these or from your current plan? Call us today (909) 383-5050!