Are You Ready to Plan and Secure Your Family's Future?
A great financial strategy keeps the life you’ve built safe. By protecting yourself against unexpected illnesses, premature death, or the risk of outliving your retirement savings, you establish a firm foundation of security. Our LPL Financial Advisors located at Marine FCU are here to help you navigate your options with absolute confidence.
Investment Solutions
Who it's great for: Members wanting to build wealth, outpace inflation, and prepare for future goals.
The Key Opportunities:
Market Portfolios: Trade individual Stocks and Bonds to build long-term growth.
Diversified Funds: Access managed Mutual Funds for built-in diversification.
Retirement Accounts: Open tax-advantaged IRAs to secure your post-career years.
Insurance Solutions
Who it's great for: Anyone wanting to safeguard their family from unexpected death, illness, or outliving their assets.
The Key Opportunities:
Income Replacement: Life insurance options to protect growing financial commitments.
Asset Protection: Long-term care coverage to keep nursing costs from draining your savings.
Annuity Solutions
Who it's great for: Investors seeking guaranteed future lifetime income streams in exchange for contributions.
The Key Opportunities:
Fixed Annuities: Secure asset protection with guaranteed interest percentages.
Variable Annuities: Market-linked subaccounts built for longer investment horizons.
Protecting Your Loved Ones With Life Insurance
What type of insurance matches your family's vision?
There are distinct advantages to both temporary and lifelong coverage. Our LPL Financial Advisors can help you review your budget and combine options to supplement your current employer coverage:
Term Life Insurance: Provides economical coverage for a set time (choose a 5-, 10-, 15-, 20-, or 30-year term). Designed to replace lost income and cover temporary obligations. Premium rates remain unchanged for the duration of the term, and many policies allow you to convert to a permanent policy without a medical exam.
Whole Life Insurance: Provides coverage for your entire life with guaranteed premiums that never increase. It accumulates cash value at a fixed rate, which you can access via loans or withdrawals. Pledged cash value can also be used to buy extended term insurance, purchase paid-up insurance, or be received directly by surrendering the policy.
Common Life Insurance FAQs
Why buy? To safeguard growing commitments (marriage, children, mortgages), replace income, pay for college, or build retirement funds.
How much do I need? A general guideline is 5 to 10 times your current salary, depending on your circumstances.
What about beneficiaries? You can name any person or organization (such as a charity), and you can list multiple beneficiaries. Generally, the benefits paid to your beneficiaries are not subject to federal income tax.
Safeguard Your Retirement From Healthcare Costs
The day may come when you need specialized care, which can be highly expensive and is rarely covered by Medicare. Long-Term Care Insurance helps assume some or all of the financial burden for nursing homes, assisted living facilities, or home health care.
The Best Planning Age: Now is the best time to plan, while you are healthy.
Underwriting Warning: Insurance companies review medical records and doctors' statements; certain pre-existing conditions can prevent you from obtaining coverage. You must answer health questions truthfully to prevent rescission of your policy..
Coverage Limits: Defined by lifetime maximum benefits, benefit periods, elimination periods, daily/monthly limits, and inflation protection.
Secure a Lifetime Income With Annuities
Will your retirement plan protect you from outliving your savings?
Annuities are contracts with an insurance company designed to provide steady income in the future. You can opt for a deferred annuity to accumulate tax-deferred funds for later, or an immediate annuity to start payouts right away.
Fixed Annuities: Ideal for conservative investors close to retirement. They protect assets from market volatility by paying an agreed-upon percentage for a guaranteed number of years. Earnings compound tax-deferred and are backed by the issuing insurance company's rating.
Variable Annuities: Best for investors with longer time horizons who can handle market ups and downs. These have two phases:
Accumulation Phase: You make periodic payments and allocate your money among diverse market-linked investment "subaccounts."
Payout Phase: You receive a guaranteed minimum stream of payments.
Understand Early Withdrawal Guidelines
Annuities are long-term vehicles designed strictly for retirement purposes:
IRS Penalties: Withdrawals made before age 59½ are subject to a 10% IRS penalty tax, and tax-deferred gains are taxable as ordinary income.
Surrender Charges: Early withdrawals may be subject to surrender charges in the contract's early years.
Guarantees: Fixed and variable annuities are not NCUA-insured. Guarantees are based solely on the claims-paying ability of the issuing company.
Are You Ready to Outline Your Financial Roadmap?
Schedule Your Complimentary, No-obligation Strategy Session Today
Carefully developing a plan that aligns with your specific needs, experience, and time horizon is our highest priority. Let's collaborate to build a customized plan for wealth accumulation, retirement security, and tax-advantageous asset transfers.
Regulatory Disclosures and Professional Licensing Details
Advisor Backgrounds: Check the background of investment professionals associated with this site on FINRA's BrokerCheck.
Referral Disclosure: Your Credit Union provides referrals to LPL Financial LLC pursuant to an agreement that allows LPL to pay the Credit Union for these referrals, which may create a conflict of interest.
LPL Trust Services: LPL Financial representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
Disclaimer: This material is for general educational purposes and does not constitute tax, legal, or personal financial advice.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Registered representatives of LPL offer products and services using Marine Federal Financial Group and may also be employees of Marine Federal Credit Union. LPL is a separate entity from, and not an affiliate of, Marine Federal Credit Union or Marine Federal Financial Group.
Securities and Insurance Products Offered Through LPL:
NOT Insured by NCUA or any other government agency
NOT Credit Union Guaranteed
NOT Credit Union Deposits or obligations
May Lose Value
Your Credit Union ("Financial Institution") provides referrals to financial professionals of LPL Financial LLC ("LPL") pursuant to an agreement that permits LPL to pay the Financial Institution for these referrals, thereby creating a conflict of interest. The Financial Institution is not a current client of LPL for advisory services.
Registered representatives associated with this website may discuss or transact business only with residents of states in which they are properly registered. No offers may be made or accepted from residents of any other state.
