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| Individuals & Families
Investment Advisory Services | 401(k) Rollover | College Savings Plan | Legacy Planning
Health Insurance | Long-Term Care Insurance | Critical Illness | Life Insurance | Disability Insurance
Identity Theft Plans | Dental Plans | Life Events Legal Plan
Investment Advisory Services
Depending on your financial planning goals, investment options include a variety of Asset Managers, Mutual Funds, Annuities, Real Estate Investment Trusts (REITs), Limited Partnerships, IRAs, Bonds, and Stocks.
401(k) Rollover
If you've left your old job, you don't have to leave your money there. By rolling over your old 401(k), you can manage your retirement savings more efficiently, with investment options that fit you. As an added bonus, you may pay less in account fees.
College Savings Plan
A College Savings Plan helps families save for the cost of a college education. Under the law, these plans can have tax advantages to help maximize contributions. There are no income restrictions and an individual can contribute up to $70,000 in a single year for each Section 529 beneficiary without gift tax consequences. This represents a five-year advance on the (2014) $14,000 per recipient annual gift tax exclusion. Any US Citizen over the age of 18 can open and contribute to a savings plan for the benefit of a future college student. This means that parents, grandparents, aunts, uncles and siblings can make college savings contributions for a loved one.
Legacy Planning
Many people have desires to leave money to loved ones and charities after they pass away. We work with you now to maximize this giving to help increase the amount of money left and help minimize taxes both today and in the future.
Health Insurance
As an individual, family, or sole proprietor, the number of options for health insurance may be overwhelming. We help you navigate the open market health insurance plans as well as the plans on the health insurance exchange to find what fits your needs and your budget.
Long-Term Care Insurance
Through the New York State Partnership for Long-Term Care, you can protect your assets from being liquidated for payment of nursing home costs. Under medicaid, all your assets must be sold before Medicaid will cover any cost of the nursing home. We offer a wide range of Long-Term Care solutions to meet your budget concerns. We will sit down and educate you on Long-Term Care options.
Critical Illness
A Critical Illness policy is where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the policy. These illnesses usually include a heart attack, stroke, life threatening cancer, organ transplant, and others. The costs associated with these illnesses is well beyond what your health insurance will cover, such as the co-pays or deductibles in your health insurance, the cost of travel to the hospital and other providers, the dining expenses of your loved ones who are waiting at the hospital, and modifications to your home that may be necessary such as ramps and railings.
Life Insurance
You never know what unexpected tragedies life can bring. Although we cannot help with the emotional loss, it is crucial to take care of the risk of financial loss now. Will your family be able to live the way they are if you or another income earner suddenly pass away? How are they going to pay final expenses, mortgage, college tuition, utilities, and food? Foresight offers both term and whole life insurance. The less expensive term insurance has a set dollar amount and a set number of years it is in effect. Whole life offers coverage for your entire life (as long as the premium is paid) and a cash value that accumulates with interest, which can be borrowed against.
Disability Insurance
Many times referred to as "Income Protection," Disability Insurance is vital in filling the income gap if you are ever unable to work to do an illness or injury. With this coverage you can continue to make your necessary payments for housing and food. A quality disability policy can be the difference from keeping your possessions and bankruptcy. Most people don't realize the risk of becoming disabled, permanently or temporarily, at some point in their lives. But the reality is that at age 40, your chances of becoming disabled for 90 days or more prior to age 65 is 43%. (Source: 2004 Field Guide, National Underwriter)
Identity Theft Plans
Identity theft affects millions of Americans each year. We offer two high quality identity theft plans to help protect and restore your identity. The most challenging part of being a victim of identity theft is restoring your identity. Our plans include Comprehensive Identity Restoration from professional fraud investigators. So in the unfortunate event something does happen to your identity, you’ll have professional help in getting your identity restored to what it was before the fraud occurred. Since children are a growing victim of identity theft, our plans will protect your children too.
Dental Plans
For individuals and families, we offer two different types of dental plans. The first is dental insurance, where the plan pays a portion of the cost of your visit to the dentist. An alternative is a discount dental plan. Discount plans offer a significant savings over a provider's usual charges, but does not contribute to the cost of the visit. These plans are therefore, much lower in price and are thus a favorite for those looking to save money on dentists without paying a high monthly insurance bill.
Life Events Legal Plans
We find many of our clients are without a Last Will & Testament. All individuals, whether leaving a large estate or just a few possessions should have a Will prepared. Our Life Events Legal Plans help our clients complete their Will for a low monthly fee along with giving them access to attorneys whenever the need arises, such as a billing or product dispute or reviewing a contract for services.
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