Financial Services

Universal Benefit Plans has partnered with seasoned investment professionals and top insurance carriers to offer both individuals and businesses a wide array of financial services.

Whether you’re a parent of young children, a professional nearing retirement age or a company president looking for innovative solutions to attract and retain top executives, Universal Benefit Plans can provide you with the financial services that best fit your needs and budgets.

For individuals we offer life insurance planning, income protection insurance and long-term care planning. Additionally, we provide a wide array of executive benefits for employer groups.

Life Insurance Planning

Life insurance has long been a crucial cornerstone in many Americans’ estate plans and is a vital need for multiple demographic groups.

Perhaps you have young family or you’re the sole supporter of a spouse, disabled adult or child. Or, maybe you’re a business owner looking to ensure that your inheritors have enough cash flow to successfully maintain the business in your absence.

For these individuals and many others, Universal Benefit Plans has partnered with seasoned investment professionals to provide individual life insurance planning services.

Our strategic partners will help you to:

• Understand your goals and determine your life insurance needs
• Determine the life insurance investment that best fits your needs
• Analyze how economic changes and personal circumstances may impact you (as well as your investments) in the future

Executive Benefits

In today’s highly competitive business environment, attracting and retaining top executive demands innovative solutions. Executive benefits offer your top management teams a higher level of benefits and compensation along with substantial tax advantages.

Universal Benefit Plans works closely with the management teams of our client organizations to custom-build, finance and administer executive benefits packages including (but not limited to):

• Traditional Deferred Compensation Plans
• Supplemental Disability Income Insurance
• Life Insurance Planning Services
• Long-term Care Planning Services

Income Protection

Although loss of income is not something that we commonly think about, it can happen to anyone should they suffer a disabling accident or illness leaving them unable to work.

When the aforementioned occurs, income protection insurance provides individuals with a replacement income so they can continue to pay their bills, maintain their lifestyles and ensure financial stability for the future.

Universal Benefit Plans has partnered with expert financial professionals to help individuals determine their income protection needs and find a policy that works best for them.

Annuities

Most people understand the importance of putting money into a 401K for their retirement, but what about annuities? Annuities can be financial staples in post-retirement life and can prevent you from outliving your income. Universal Benefit Plans is here to make it easy for you to get the right products to have a happy and stress free retirement.

What is an annuity?

An annuity is an insurance service provided to you to ensure that you will be financially stable throughout your retirement. Basically, an annuity is an insurance contract that you pay into in order to receive a supplement to your regular earnings after you retire.

Types of Annuities

There are two basic types of annuities:

1. Deferred
   A deferred annuity basically lets your money accumulate and then ultimately provides you with a payout. Many people use deferred annuities as a long-term retirement plan. With a deferred annuity, you can make payments to it for a set period of time and then make withdrawals starting on the date defined by your policy. A deferred annuity can be at a fixed or variable rate.
2. Immediate
   An immediate annuity lets you receive payments not long after you make your first “investment” into it. This is a good option for those who are of or close to retirement age and have found themselves financially in need of more living expenses. Many people approach retirement and realize that their 401Ks and social security will not be enough to fund their lifestyles. Just because you are retired doesn’t mean you should have to live in poverty! Immediate annuities can also be at a fixed or variable rate.

Purchasing annuities can get confusing. Please contact Universal Benefit Plans today for any questions and concerns you have and for more information on annuities! We can also get you a free quote on annuity plans by simply filling out our online form!

Long Term Care Planning

It’s no secret that we’re living longer than ever before. The population segment of individuals ages 85+ is the fastest growing demographic in our nation. On top of this, advances in medical science have led to the prevention of many early sudden deaths and it’s projected that 6 out of 10 people (many of whom will be living with chronic conditions) will need long term care sometime during their lifetime.

An estimated 84% of all long-term care is not covered by government programs (i.e. Medicare, Medicaid, the Veterans Administration). That’s why it’s best to plan ahead.

If you’re nearing retirement age, long-term care planning services can help you project the cost of future care, budget for it and gain greater control over your future.

Universal Benefit Plans has partnered with seasoned investment professionals to provide individual long-term care planning services. We also partner with top nationwide carriers to offer long-term care insurance products to help protect your assets and incomes should the need for care arise.