Vinar Financial Group



Insurance

Vinar Financial has a partnership with Newman Long Term Care.

At Newman Long Term Care, they have been dedicated to selling LTCI for over 20 years. It is their passion and it is all they do.

Newman Long Term Care was founded by nationally-recognized LTCI expert, Deb Newman, with the belief that all people deserve the opportunity to have a discussion about the inevitable need for long-term care. We still believe in that core philosophy today!

They are ranked as one of the top producing firms in the industry. The Newman Long Term Care team prides itself in taking on the responsibility of advocating for both agents and clients. We all want the best solution for our client.

Long Term Care Insurance Offers Peace of Mind
Nearly 90 percent of people over the age of 55 would like to save enough money to have financial peace of mind during retirement. Since long-term care insurance helps protect assets, many people purchase policies for this reason. Long-term care insurance also gives consumers the freedom of choice and control over the care they receive. Whether individuals wish to stay in their own homes, in an assisted living community or in a nursing home, this insurance lets the policyholder stay in control, which means more flexibility and better care. A lot of consumers don’t consider buying long-term care coverage until well after retirement. Yet, the average age for new long-term care insurance applicants is 57. This is an age when most people still qualify for good health discounts, which reduces premium costs and holds steady even if health conditions change.

Top 10 Facts to Know About Long Term Care Insurance
#10 – 67.4 percent of all new claims opened started after the policyholder reached age 80. If you live a long life, you’re going to likely need long term care and be very glad you have a policy to pay benefits.
#9 – About 49 percent of all new individual long-term care insurance benefits for newly opened claims paid for homecare. Only a fourth (27%) of new claims paid for nursing home care.
#8 – Roughly 45 percent of those who applied for long-term care insurance between ages 70 and 79 were declined coverage for health reasons. If you already have this protection in place, congratulate yourself. If you don’t, please don’t wait because your health can change at any point.
#7 – About 28.2 percent of nursing home residents over the age of 85 have been in the facility for three years or longer.
#6 – Alzheimer’s disease was the leading reason someone used their long-term care insurance for either home health care or nursing home care. Stroke was number two for home health care.
#5 – Nearly one in five (20%) of those receiving benefits from their long-term care insurance transferred from home health care to a facility.
#4 – The largest open long-term care insurance claim for a woman has exceeded $1.5 million in paid benefits. Her claim has lasted almost 14years and started after she paid about $2,500 in total premium.
#3 – Women accounted for 64 percent of all newly opened long term care insurance claims.
#2 – Over 85 percent of women age 85 or older will be living alone.
#1 – The long-term care insurance industry paid out $6.1 billion in benefits to some 200,000 individuals with insurance protection in 2010. The number will increase each year as the current number of policyholders grow older and, as a result, are more likely to begin their claim.


What are annuities?

How annuities work
Different types of annuities work differently. Which one may be suitable for you depends on your individual needs and goals. A financial professional can help you determine which annuity may be right for you.

Fixed annuities:
1. You give the insurance company money in one or more payments.
2. The insurance company places the money in its general account and then invests it on behalf of all annuity owners.
3. Later, the insurance company credits your annuity with interest under the terms of your contract, while offering protection from loss of principal.
4. Any interest growth in your annuity will be tax-deferred, and after a period of time specified by your contract, you may then receive the amount allowed by your contract in a lump sum, over a set period of time, or as income for the rest of your life.
Keep in mind that if you withdraw money earlier – or in a greater amount – than your contract allows, fees and penalties may apply, including a 10% federal penalty for withdrawals prior to age 59½. All distributions are also subject to ordinary income tax.

Fixed index annuities:
1. You give the insurance company money in one or more payments.
2. The insurance company places the money in its general account and then invests it on behalf of all annuity owners.
3. Later, the insurance company may credit your annuity with interest based on positive changes in an external index of your choice, such as the S&P 500, while offering protection from loss of principal. Some fixed index annuities let you choose from a number of available index options, while others may offer limited choices. Because fixed index annuities are fixed insurance products, at no time is your contract’s value invested directly in the stock market.
4. Any interest growth in your annuity will be tax-deferred, and after a period of time specified by your contract you may then receive the amount allowed by your contract in a lump sum, over a set period of time, or as income for the rest of your life.
Keep in mind that if you withdraw money earlier – or in a greater amount – than your contract allows, fees and penalties may apply, including a 10% federal penalty for withdrawals prior to age 59½. All distributions are also subject to ordinary income tax.
Variable annuities:
1. You give the insurance company money in one or more payments.
2. The insurance company lets you choose from a variety of investment options. Some variable annuities let you choose from a number of variable investment options, while others offer a pre-determined mix of investments.
3. Over time, your contract’s value may increase – or decrease – depending on the performance of the investments you choose. Variable annuities involve risk, and it is possible to lose money.
4. Any growth in your annuity will be tax-deferred, and after a period of time specified by your contract you may then receive the amount allowed by your contract in a lump sum, over a set period of time, or as income for the rest of your life. Keep in mind that if you withdraw money earlier – or in a greater amount – than your contract allows, fees and penalties may apply, including a 10% federal penalty for withdrawals prior to age 59½. All distributions are also subject to ordinary income tax.

What is life insurance?
Life insurance is a contract between you and an insurance company. The main purpose of life insurance is to provide a financial benefit to your loved ones in the event of an early death. Typical reasons for buying life insurance include paying funeral expenses, providing mortgage assistance, supplementing educational expenses for children and spouses, replacing lost income, and protecting the value of an estate after the insured passes on.

Life insurance offers a variety of benefits:
• Protection against the financial risk of dying too soon
• The opportunity for cash value accumulation
Life insurance could be right for you if you want:
• The reassurance of knowing your loved ones will receive financial assistance after you’re gone
• To add accumulation potential in addition to the death benefit
• Additional ways to help with supplementing expenses, including medical bills, college expenses, replacing lost income, or covering other emergency costs via policy loans.1

Different types of life insurance do different things:
› Fixed index universal life insurance
provides affordable, permanent protection with the potential for interest gains › Universal life insurance
allows you the flexibility to change the amount of life insurance you carry as your need for insurance changes 1Policy loans will reduce the available cash value and death benefit and may cause the policy to lapse, or affect guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. Tax laws are subject to change and your clients should consult a tax professional.

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The registered representative(s) and/or investment advisor representative(s) listed on this website are licensed in the following states;
AZ, CO, FL, GA, MN, MO, MT, NV, SD, TX, VI, WA, WI and registered in the following states: AZ, CO, FL, GA, MN, MO, MT, NV, SD, TX, VI, WA, WI.