An Educational Workshop

Transcription

1 An Educational Workshop Presented by: James R. Grazioli - President Comprehensive Financial Group Inc. Financial Service Professional 27 Yrs. A Discussion of: 1. The Importance of Lifetime Income Pension (Single or Joint) No Market Losses (Only Gains) 2. Avoiding High Fees and Charges that are in Brokerage Accounts 3. The Importance of Avoiding Probate and Leaving the Proceeds Left to Beneficiaries 4. Long Term Care Benefits Included 5. Transferring the Risk from you to the company.

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3 There are eroding factors that can ruin your financial future: 1. Outliving Your Money If one or both spouses lives into their 90 s, they could outlive their money needed to support their current lifestyle, or they could not have enough money to support their current lifestyle. 2. Market Losses If you are withdrawing money from your retirement nest egg and you experience a crash like 2008, your money may not last as long as you do, and you may have to drastically lower your standard of living, or return to the workforce. 3. High Fees and Charges You may be paying large amounts of fees and charges in your brokerage accounts which can have a drastic effect on your money over the long term. 4. Long Term Care Nursing Home Stays, or At Home Care Needs can erode your retirement money and have a drastic effect on your life. 5. Avoid Probate Without proper planning, your remaining proceeds could go through probate taking time and costing your loved ones large amounts of money.

4 We specialize in reducing or eliminating the Eroding Factors that can ruin your Financial Future, so you can be sure you will not experience these eroding factors: Market Losses Outliving Your Money High Fees and Charges Nursing Home Costs Probate: Leave Your Remaining Proceeds to Your Beneficiaries If you would like to reduce or eliminate the eroding factors that can ruin you financial future, please continue with this presentation.

5 FIXED = Contractual Guarantee of Never a Loss From Market Declines. INDEXED = Earnings From The Movement of a Market Itself (Like the S&P 500) with caps or margins & you do not pick companies like you do when you are in the stock market. Only gains are applied not losses. ANNUITY = Option to turn on lifetime income single or joint and never outlive your money or just take free withdrawals as needed. Death Benefit = Remaining Cash Value is directly sent to your beneficiaries avoiding probate.

6 1. Some people think they do not need Lifetime (Pension) Income. 2. The next two slides show a family with a current income of $100,00 and how much income they will need in the future, based on a 3% Inflation rate, just to keep their current standard of living. Example just to keep living like they are today! 3. Notice at age 90 they will need $242,726 to live like today!

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9 The next slide shows the amount of fees charged in the Top 11 Brokerage Companies. 30 Year Period Initial investment of $500,000. The Highest is Merrill Lynch Total Fees - $936,390 The Lowest is USAA Total Fees - $502,407.

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11 WE REPRESENT MANY COMPANIES 1. All of the companies we represent, have a contractual guarantee that you will never lose a dollar from market losses or crashes, and you will only realize gains, and you will never lose a dollar of interest earned. 2. We provide companies that offer Lifetime (Pension) Income (Single or Joint), that pays you a check for life until that last person passes and then, the remaining balance is paid to the beneficiaries avoiding probate. Also the income never decreases from any market losses.

12 American Equity, is one or our many companies that we are proud to represent. American Equity is an Excellent Rated Company that provides Life Insurance for our National Guard members.

13 Solvency (Assets over Liabilities to meet all obligations) Liquid Assets (To meet unforeseen emergency cash requirements that may arise) Capital & Surplus to Assets (Capital & surplus divided by total assets) AM Best Rating (Performance in Investment Quality, Policy Reserves, Cost Control, Management Experience)

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20 Lifetime Income Single or Joint Never Outlive Your Money 7.25% Guaranteed Simple Interest Earned Per year up to year 7 or When Lifetime Income Starts* Bonus 7%* Day 1 Features: 7% Bonus added Day 1 to the Income Base Amount. 7.25% Simple Interest added each year to the Income Base Amount For Up to 7 Years or Until Lifetime Income starts. Guaranteed Lifetime Income (Pension) can be started at any time after the first year, and can be Single or Joint. Income will never decrease. Never a market loss. Nursing Home or at Home Care benefit included in policy with no additional charges. *% Rates are Subject to Change

21 The Next Slide is a sample illustration of a deposit of $250,000 with American Equity Example: Male Age 60 starting Income at age 65 would receive $19, for life, and the Wellness Benefit for Long Term Care would be $39, for a 5 Year Payout and the return to the $19, for life. Includes 7%* Bonus Day 1 plus 7.25%* guaranteed simple interest added each year until starting lifetime income. These rates are guaranteed and not market dependent. Also shows the Long Term Care Wellness Benefit which doubles the income for 5 years. Full Illustration will be provided at appointment * Rates are Subject to Change, Unless They are locked in before changing

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23 If things don t work out in your current brokerage account, and you lose your hard earned money, do they send you a sympathy card or an apology card to say we are sorry for the loss of your money? Does your Brokerage company carry any of the risk of your money? No, you carry all of the risk as they get their fees and charges even if you lose. With where you are today, would it be prudent to transfer this risk to the Annuity Company, or do you choose to maintain it.

24 People Don t Plan to Fail They Fail to Plan

25 What to do next? If you are interested in us preparing a personal illustration with brochures please contact us. We do not charge for our services, as the companies pay us not you. No commissions ever come out of your money. We will run your personal illustrations with no cost to you, and no obligation. James R. Grazioli President Comprehensive Financial Group Inc. Office Cell/Text jamesgraz@hotmail.com Website: