• jolee@primastrategic.com
  • +1-(303) 565-6330
Protect Yourself and Your Family

With Prima Strategic Financial Services

Re-Design Your Portfolio Correctly

For The Retirement Income Season of Life.
Learn how to reduce risk while simultaneously generating predictable income, stable growth, and preservation of principal... all at the same time!

Protect your Family with Prima Strategic Financial Services

We provide our services across all 50 states and offer remote zoom appointments to clients nationwide, not limited to Colorado.

Safeguard your family’s future with the right life insurance policy.

Choosing the right Individual Life Insurance policy is important for securing the future of your family. Your decision usually depends on your future goals, and ensure that your beneficiaries receive a tax-free income or that there are funds available for final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution. Working with an Insurance Professional can help you understand your options and make an informed decision.

By having a life insurance policy in place, you can have peace of mind knowing that your family will be taken care of in the event of your unexpected passing. It’s a responsible and caring decision that can have long-term benefits for those you leave behind.

 

Individual Life Insurance can be important for:

A source of savings

In addition to providing a death benefit, certain types of life insurance can accumulate a cash value over time. This cash value can be accessed by policyholders during their lifetime through policy loans or withdrawals. The cash value grows tax-deferred and can be used for a variety of purposes, such as supplementing retirement income, paying for unexpected expenses, or even helping to finance a child's college education. Policyholders should be aware, however, that taking loans or withdrawals from the cash value can reduce the overall death benefit of the policy.

Income for dependents

A life policy is an important investment that can provide financial support for your dependents after your death. Typically, it is used to support children, but it can also be used to provide income for a spouse or partner who may experience a loss of income without you. This can be a valuable safety net in times of uncertainty or unexpected events. By purchasing a life insurance policy, you can help ensure the financial stability of your loved ones and provide them with peace of mind in the event of your untimely passing.

Final expenses

Life insurance can be used to cover the cost of funeral and burial expenses, providing a financial safety net for loved ones. By selecting a policy with a death benefit sufficient to meet these costs, beneficiaries can receive the funds necessary to pay for a funeral, burial, or other final expenses without having to dip into their savings. Some policies offer the option to pay out directly to funeral homes or other service providers, making the process simpler and more streamlined. This can provide peace of mind for policyholders and their families during a difficult time.

Taxes

Life insurance can be used to pay estate taxes, income taxes, and capital gains taxes upon death. The death benefit received by the beneficiary is typically tax-free, making it a valuable asset to cover these tax liabilities. It is important to properly plan and designate beneficiaries to ensure the funds are used effectively for tax purposes. Consult with you Insurance Professional or tax professional to understand how life insurance can play a role in your overall tax planning strategy.

Inheritance

Life insurance policies can serve as a valuable inheritance even if you do not have significant assets to pass on to your beneficiaries. By naming loved ones as beneficiaries on the policy, they can receive a tax-free payout upon your death, which can help cover expenses such as final arrangements, outstanding debts, or provide a source of income for their future. This ensures that your loved ones are taken care of and can be a thoughtful legacy to leave behind, regardless of your current financial situation.

Charitable Contributions

One way to make a charitable contribution is to use a life insurance policy. This involves designating a non-profit organization as the beneficiary of the policy, either partially or entirely. When the policyholder passes away, the non-profit will receive the death benefit, which can then be used towards their charitable initiatives. This method of giving can provide a substantial donation, while also allowing the policyholder to receive tax benefits during their lifetime. It’s important to consult with your Insurance Professional or lawyer before designating a beneficiary to ensure it aligns with your estate planning goals.

Experience and Track Record

By partnering with us, you gain access to a wealth of experience and expertise that spans years. We have a proven track record of success and a deep understanding of the industry, which allows us to provide you with valuable insights and guidance every step of the way. Our team is dedicated to helping you achieve your goals and we will work tirelessly to ensure that you have the support and resources you need to succeed. With us by your side, you can trust that you are in good hands.

About Prima

When working with your insurance professional, you can expect personalized advice on managing your finances based on your individual goals and risk tolerance. They will help you create a comprehensive plan for saving, investing, and managing your money to achieve financial security and stability. They will also provide ongoing guidance and support, updating your plan as your goals or circumstances change. Additionally, they will educate you on financial topics and answer any questions you may have to help you make informed decisions.

In the first meeting with your financial professional, they will inquire about your financial aspirations and goals. The purpose is to get a clear understanding of your investment objectives, risk tolerance, income requirements, time horizon, and any other relevant details before recommending a personalized financial plan.

Having this information allows them to provide you with tailored advice and investment strategies that align with your financial goals. Therefore, it is essential to openly discuss your finances, budget, and long-term objectives with your financial professional to ensure that they can provide accurate advice that meets your needs and objectives.

Once your financial professional has comprehensively assessed your financial situation, they will offer recommendations for filling any gaps in your financial plan. These suggestions will be tailored to your specific needs, and your financial professional will work with you to select the best products and services to meet your goals.

With a complete understanding of your financial picture and the assistance of an expert, you can take the necessary steps to achieve financial security and build towards a successful future.

Once you have accepted our recommendations, we will assist you in procuring the necessary products and services to secure your financial future. Depending on the circumstances, a medical examination may or may not be required.

We will work closely with you to determine the most suitable course of action and ensure that you receive the best possible outcome.

Trust us to guide you toward a prosperous and secure future.

Our financial professionals are dedicated to monitoring and adjusting your strategies to meet your financial goals over time.

Through periodic reviews, we work with you to ensure that your plan remains effective and aligned with your desired outcomes.

Our goal is to provide you with an empowering financial experience that sets you up for a successful future.

Our financial professionals are dedicated to monitoring and adjusting your strategies to meet your financial goals over time.

Through periodic reviews, we work with you to ensure that your plan remains effective and aligned with your desired outcomes.

Our goal is to provide you with an empowering financial experience that sets you up for a successful future.

A Larger Purpose: Eric’s Living Benefits Story


IRS Section 7702
What it is and recent Tax code changes

How Interest Crediting Works

Yes, zero can be your hero. Explore how interest crediting works on an indexed universal life insurance policy.

Common Types of Life Insurance

Life insurance policies come in several forms and include term, whole, universal, and variable life insurance. Each type of policy has its pros and cons, and individuals should choose the option that best fits their financial goals and needs.

1. Life Insurance Terms

Prima Strategic Insurance Services offers expert assistance to help you choose the most suitable life insurance coverage. To better understand the process, familiarize yourself with the following terminologies. Policy: formal agreement with an insurance company that outlines the conditions and coverage in case of death. Premium: the amount you need to pay to maintain your policy. Beneficiary: the person who will receive the death benefit when the policyholder passes away.

Term insurance is a type of life insurance that provides coverage for a specific period of time or term, typically one to thirty years. If the policyholder dies during the term, their beneficiaries will receive a death benefit payout from the insurer. Term insurance is typically more affordable than other forms of life insurance, but it does not accumulate cash value, nor can it be renewed without undergoing a new underwriting process at the end of the term. It is often used to provide financial protection for loved ones in the event of the policyholder’s unexpected death.

Whole life insurance is a type of life insurance that provides coverage for the entire lifetime of the insured individual. It guarantees a fixed death benefit payout to the designated beneficiary upon the death of the policyholder, regardless of when it occurs. Additionally, whole life insurance also builds cash value over time, which can be borrowed against or used to pay premiums. This type of insurance offers lifelong coverage with predictable premiums, making it an attractive option for those who want long-term protection and the peace of mind that comes with it.

Universal life insurance is a type of permanent life insurance that allows policyholders to adjust their premiums and death benefits over time. It combines a death benefit with a savings account, allowing policyholders to accumulate cash value with the potential to earn interest. Universal life insurance offers flexibility and customization options that can suit changing needs, such as increasing or decreasing the death benefit or adjusting the premium payments. Unlike term life insurance, universal life insurance has no expiration date and provides coverage for the policyholder’s entire life, as long as premiums are paid on time.

Annuities are financial products that involve an individual making a lump-sum payment or series of payments to an insurance company, in exchange for a guaranteed stream of income for a set period of time or for the rest of their life. Annuities are often used as a retirement savings vehicle, as they provide a guaranteed income source that can supplement social security and other retirement savings. There are several types of annuities, including fixed, variable, and indexed annuities, each with its unique characteristics and potential risks and rewards.

Prima Strategic Insurance Services can help you determine the best type of life insurance for you. Whether you need term life insurance, whole life insurance, or a combination of both, our experts can assist you in identifying the right protection for your needs. Don’t wait, contact us today to ensure your loved ones are financially secure in the event of your passing.