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Insurance Planning



A sound insurance plan is a critical component to overall wealth management. With the appropriate policies in place, you will adequately protect the assets you've worked hard to build – and in some cases add an extra level of financial security for your family.

Term Life Insurance: A contract that provides a death benefit but no cash build-up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.

Whole Life Insurance: A basic type of permanent life insurance which can provide lifetime protection at a level premium. Premiums must generally be paid for as long as the policy is in force.

Universal Life Insurance: A flexible premium life insurance policy under which the policy owner may change the death benefit from time to time and vary the amount or timing of premium payments.

Variable Universal Life Insurance*: This type of contract is similar to Universal Life. The major difference is that, rather than the insurance company crediting the accumulation value with an interest rate, the policy owner chooses how the accumulation account is to be invested from a number of specified investment options.

First-to-Die Insurance: An insurance policy in which the death benefit is paid to the surviving insured upon the death of one of the insureds. There is no longer a benefit once the benefit is paid; however, the surviving insured usually has the option of purchasing a policy of the same amount without providing evidence of insurability.

Survivorship Life Insurance: A type of whole life insurance which insures two people and pays benefits only after the second person dies. It is generally designed to provide funds to pay estate taxes, and is also called second-to-die life insurance.

Disability Income Insurance: A form of health insurance that provides periodic payments to replace income when an insured person is unable to work as a result of illness, injury or disease.

Long-Term Care Insurance: A health insurance variation designed to cover the costs of long term care at home or in a nursing home.

Fee-Based Insurance Consulting Services: Sound risk management planning is essential to ensure a lasting legacy, and effective planning is an ongoing process. Ganim can help evaluate and develop your risk management strategies that protect your wealth, family and business.

*Variable life insurance products, which are subject to market risk including possible loss of principal, allow the contract holder to choose an appropriate amount of life insurance protection that has an additional cost associated with it. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing. Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy. Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

The sub-accounts in variable insurance products fluctuate with market conditions and when surrendered the principal may be worth more or less than the original amount invested.

All guarantees are subject to the claims-paying ability of the issuing insurance company. Guarantees do not apply to the investment performance of any variable accounts, which are subject to market risk.



 		 

Securities offered through Registered Representatives of NFP Securities, Inc. (NFPSI), Member FINRA/SIPC.
Investment Advisory Services offered through Investment Advisor Representatives of NFPSI.
The Ganim Group, Inc. is a member of PartnersFinancial, an affiliate of NFPSI.
The Ganim Group, Inc. and NFPSI are not affiliated.

NFP Securities, Inc. does not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.

This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFPSI may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact the NFPSI Compliance Department at 512-697-6000.