• Phone: 352-338-1560
  • Fax: 866-536-5711

Insurance Planning

For some, insurance planning is equally or more important than investment planning. We have the experienced knowledge at Markey Wealth Management to help you with both.

Life Insurance

We are happy to review your existing life insurance and annuities to help you understand trust policies. We compare your existing policies to see if you can save money or improve your policy. We will discuss your risk potential and other ways possible to transfer that risk to an insurance company.

Long-term Care Insurance

Long-term care insurance protects you from the high costs of long-term care that isn’t covered by health insurance, Medicare or Medicaid. This can include home care, assisted living, hospice care, nursing homes and more. Your premium also may increase after your purchase.

It is important to understand long-term care coverage and exclusion, how much your premium will cost and how often it must be paid. We help you to evaluate your need for long–term care and your ability to pay costly premiums. We can create a plan to provide adequate coverage while also protecting your assets.

Annuities

Annuities, like insurance, pay out an income at a future date. They are different from insurance in that they offer a steady income stream that can be set up to pay monthly, quarterly or even annually. An annuity can be set up as a fixed annuity, for an established payment amount over a designated number of years, or a variable annuity that fluctuates with the investment performance.

 

Fixed and Variable annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply. Variable annuities are subject to market risk and may lose value.