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    Insurance Planning

    Annuities: Today, the majority of the burden for retirement income seems to have shifted to the individual.  For this reason, you may want to consider a guaranteed* fixed income component to your retirement strategy.  In short, adding an annuity may be the opportunity to help ensure a portion of your retirement income will be guaranteed.*  An annuity is a contract you purchase from an insurance company.  

    An annuity could play an important part in your overall retirement income strategy.  So, how do you know whether an annuity may be appropriate for a portion of your retirement assets?

    •  Are you retired or nearing retirement?
    •  Do you currently have a retirement income strategy in place?
    •  Do you have steady, reliable income streams or are you working with defined contribution plans, such as a 401(k), 457, 403(b) or IRA?

    If you do not currently have a steady and reliable income streams to cover your basic expenses in retirement, you may want to consider an annuity for a portion of your retirement income strategy to provide supplemental income that can help offset the risk of outliving your money.  

    Together, you and your financial professional should have a thorough discussion about whether an annuity is suitable for you.  

    *All annuity contract and rider guarantees are back by the full financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, or early withdrawal fees, which may vary by the issuer and may reduce your death benefit and contract value.  Annuities are not a deposit of, nor are they used by any bank, the FDIC, NCUA or by any federal government agency.  

    Investing involves risk, including the loss of principal.  No investment strategy can guarantee a profit or protect against loss in periods of declining values.  Any references to protection benefits or lifetime income refer to fixed insurance products, not securities or investment advisory products.  

    Life Insurance:  Needs evolve...so should your life insurance.  Evaluating your life insurance needs should not be a one-time event.  In our experience, many financial strategies include life insurance policies that have not been reviewed since they were purchased.  Your life insurance policies are an integral part of your blueprint for life and should be reviewed every year or two to ensure they are performing as you expected and aligned with your current financial goals and objectives.

    If properly structured, proceeds from life insurance are generally income tax free.  There are certain life events that may trigger the need for an adjustment to your life insurance.  The most common are:

    •  Change in marital status
    •  Birth/Adoption of a child
    •  New home
    •  Taking on debt
    •  Planning for college
    •  Planning for retirement
    •  A significant change in assets
    •  A change in your business (for business owners)

    We can help evaluate your current needs and determine if purchasing a life insurance policy may be the right move to help you feel more confident in your financial future.

    Long Term Care:  As the oldest baby boomers begin to wind through their 60s, one of the biggest concerns may not be outliving income, but outliving good health.

    For retirees, home health care can cost $50,000 or more per year1, and nursing home care can run as high as $80,0002 per year. Does your retirement income strategy account for this kind of possibility? Would you be prepared for twice that amount as a married couple?

    Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and neither your employer group health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential expenses.

    We can help evaluate your situation and determine if purchasing a long-term care insurance policy may be the right move to help you feel more confident in your financial future.

    1Genworth 2013 Cost of Care Survey: Home Care Providers, Adult Day Health Care Facilities, Assisted Living Facilities and Nursing Homes
    https://www.genworth.com/dam/Americas/US/PDFs/Consumer/corporate/130568_032213_Cost%20of
    %20Care_Final_nonsecure.pdf

    2MetLife: The 2011 Market Survey of Long-Term Care Costs
    https://www.metlife.com/assets/cao/mmi/publications/studies/2011/mmi-market-survey-nursing-home-assisted-living-adult-day-services-costs.pdf

    Medicare:  Is a health benefits program for U.S. citizens or permanent residents who meet certain work history requirements:

    •  Age 65 or older
    •  Under age 65 with certain disabilities 
    •  Individuals with end-stage renal disease (ESRD)

    Part A - Hospital
    Part B - Medical
    Part C - Medicare health plans, which must cover Part A and Part B benefits
    Part D - Prescription drug coverage

    History - Medicare was signed into law in 1965.  A brief history of Medicare is available at http://www.cms.gov/History

    Medicare is administered by the Centers for Medicare & Medicaid Services, an agency of the U.S. Department of Health and Human Services.

    To be eligible to enroll in a Medicare plan, a beneficiary must be entitled to Part A and enrolled in Part B.   

    Need help clarifying Medicare and finding the right medical care?  We can evaluate your situation, assist and help clarify complex Medicare plans and determine if purchasing a Medicare Advantage, Medicare Supplement or Prescription Drug plan is right for you.  


    To schedule a time to discuss your financial future and the possible role of insurance and investments in your financial strategy, contact us at admin@pacificexcel.com or call us at (510) 217-8125 today!

    By contacting us, you may be offered information regarding the purchase of insurance and investments products. 

    Insurance products and services are offered through Pacific Excel Insurance Services, Inc., and are not offered by GFPC.  Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals.  Fixed annuities may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income. If you take withdrawals before you're age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes.

    Contact Us Today!

    Phone: (510) 217-8125

    Fax: (510) 227-5931

    admin@pacificexcel.com

    2413 Webb Ave. Suite B
    Alameda, CA 94501-2922



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    *Guarantees provided by insurance products are backed by the claims paying ability of the issuing carrier.

    Investment Advisory Services offered through Global Financial Private Capital, LLC. SEC Registered Investment Adviser. 

    Insurance Services offered through Pacific Excel Insurance Services, an Independent Insurance Agency, CA License # 0F91699

    Investment advisory services offered through Global Financial Private Capital, LLC, an SEC-Registered Investment Adviser. SEC registration does not imply a certain level of skill or training. Pacific Excel Wealth Advisors and GFPC are not affiliated entities. One or more individuals at Pacific Excel Wealth Advisors are registered as investment adviser representatives of GFPC with certain state securities divisions. Investment adviser representatives receive fee-based compensation in exchange for soliciting investment advisory services provided by GFPC on behalf of Pacific Excel Wealth Advisors clients. Additional information regarding the specific investment advisory services and products offered by GFPC can be found within GFPC's Form ADV Part 2A Brochure (“the Brochure”) available on GFPC's website http://gf-pc.com.

    In addition to providing certain investment advisory services on behalf of GFPC as described in the Brochure, individuals associated with Pacific Excel Wealth Advisors and the Pacific Excel Wealth Advisors itself may provide or offer to its clients certain other products or services outside GFPC's or its affiliates' supervision and control, including but not limited to, insurance-related advice, estate and tax planning products and services (“Other Services”). Website users are advised that these Other Services are provided and offered exclusively by Pacific Excel Wealth Advisors and are not endorsed, provided, offered or supervised by GFPC or its affiliates. Insurance products and services are offered through, Pacific Excel Wealth Advisors and are not offered by GFPC. Guarantees are associated with insurance products and are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations or early withdrawal fees, which vary by the issuer. They do not refer, in any way to securities or investment advisory products.

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