Life Associates - Financial Products and Services for Plan Participants

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Financial Products/Services for Plan Participants

Protection Products

	Life Insurance
	Life Associates offers a range of life insurance contracts including term, whole life and universal life insurance. All policies are used to protect against untimely death.
	Long Term Care
	Coverage that, under specified conditions, provides skilled nursing, intermediate care, or custodial care for a patient (generally over age 65) in a nursing facility or his or her residence following an injury.
	Medicare Supplement
	Insurance coverage sold on an individual or group basis which helps to fill the gaps in the protection provided by the Medicare program.

Accumulation Products

	Single Premium Deferred Annuities
	This policy allows you to accumulate money over time at a current interest rate (with a guaranteed minimum), and then allows you to choose from several different payout options.
	Equity Indexed Annuities
	An Indexed Annuity is a fixed annuity offered by an insurance company. The indexed annuity earns a minimum rate of interest and offers the potential for excess earnings based on the performance of the market indexes.
	Traditional IRA’s
	A Traditional IRA is a tax-advantaged arrangement that allows earnings and deductible contributions to grow tax-deferred. That means you don't pay income taxes on the earnings and deductible contributions of your IRA until you begin taking withdrawals, usually after you retire and possibly are in a lower tax bracket.
	ROTH IRA’s
	Unlike a “traditional” IRA, contributions to a ROTH are not deductible from gross income on your federal income tax return. However, since you have already paid taxes on the money you've contributed to the account, monies can be withdrawn at anytime without tax consequences.

Investment Products/Securities

	Mutual Funds
	Life Associates provides access to virtually every major mutual fund family in the industry (including National firms’ like American, Fidelity, Janus, Franklin Templeton, Goldman Sachs, etc.).
	Variable Annuities
	Variable annuities are funded using equities. The amount of the income stream of income generated from the annuity is based on the investment performance of the underlying securities.

Distribution Products

	Single Premium Immediate Annuities
	These policies allow you to immediately convert a lump sum of money into a guaranteed stream of income for as long as you live. Guaranteed payouts are also available for a certain number of years.
	Split Annuity
	Combination of Single Premium Annuity and Life or Long Term Care insurance. Use of monthly income funds Life or Long Term Care insurance coverage to protect your retirement savings.

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