RandyCashmore

Cashmore Financial Group https://cashmorefinancial.com/ (847) 231-6150 Have you thought about how your passing will affect your family’s financial life? During this time of grief, you want to make sure that loved ones won’t have to worry about paying for your final expenses. Funeral expenses alone can exceed $10,000 in most states and final medical expenses can add thousands more. Final expense or so called “end-of-life” insurance policies can provide you and your family with peace of mind. These “end-of-life” policies cover your final funeral, legal and medical expenses, and they are a type of whole life policy. They offer affordable premiums, fixed interest rates, and can never be terminated due to age. You will have to answer a few – or in some cases no – health questions to qualify and most offer a free “Accelerated Death Benefit Rider” that allows you to access up to 50% of the death benefit while alive. To find out more about final expense insurance, call us today. https://youtu.be/joX6uAB5Irg

Cashmore Financial Group https://cashmorefinancial.com/ (847) 231-6150 The competition for talented employees has become intense in recent years. Some companies are turning to offering group annuities as part of their retirement benefit packages to retain current employees and recruit new ones. With a group annuity, the contract with the insurance company is held by an employer rather than the individual who will receive the annuity payments. During the employee’s working years, the group annuity will continue to accumulate value at a fixed or variable interest rate depending on how the annuity is structured. Once the employee reaches retirement age, the value of the annuity contract is converted into a stream of income payments. Options available on some group annuities could also include having an employee opt to receive income payments for life or choose to provide spousal benefits to a partner. Group annuities are a great way for companies to provide current and future employees with a dependable, additional stream of revenue in retirement. To find out more about group annuities, call us today. https://youtu.be/sCKHGgWQnj4

Cashmore Financial Group https://cashmorefinancial.com/ (847) 231-6150 Some annuities allow you to control the timeframe of when you begin receiving payments. This can be particularly helpful for financial planning or if your life or work circumstances change. With an immediate annuity, you begin receiving payments within a year after purchasing it. An immediate annuity is typically funded by a retirement account, such as a 401(k). It is a good option for those ready to leave the workforce, but still want to maintain a steady income. If you have no immediate need for annuity payments, you can opt for a deferred annuity. With a deferred annuity, you delay receiving monthly income payments to a future date, giving your money in the account time to grow. A deferred annuity is good option for those who need the funds to begin paying out by a specific target date, such as a known retirement date. Until that date, your invested funds continue to grow on a tax-deferred basis. To find out more about immediate and deferred annuities, call us today. https://youtu.be/XzrpHr1tq-E

Cashmore Financial Group https://cashmorefinancial.com/ (847) 231-6150 These days it’s tough to decide to stay invested in the stock market, while you hope for gains… but fear a market loss. A Fixed Indexed Annuity can offer you protection against stock market losses, while offering you the potential to profit from the market’s gains. Indexed annuities offer a minimum guaranteed interest rate, combined with an interest rate tied to a stock market index, such as the S&P 500 or the Dow Jones Industrial Average. So, instead of counting on the performance of a single stock, you can select a single index for your funds or spread your dollars across several indexes. Depending on the annuity, some crediting strategies allow for greater upside potential, while others lock in a gain up to a certain percentage. Most importantly, while you’re free to participate in market gains, you will never lose a dime due to market loss. Fixed Indexed Annuities are a great way to diversify your portfolio, mitigate risk, and stay positioned for the next market gain. To find out more about Fixed Indexed Annuities, call us today. https://youtu.be/zugiKhSptUk

Cashmore Financial Group https://cashmorefinancial.com/ (847) 231-6150 Do you want the consistent income of an annuity, but you’d like the option to decide how your funds are invested? You should consider a variable annuity. With a variable annuity, your funds are allocated to an investment portfolio. But you get to choose - from several options – as to how those funds are invested. Those options can include stocks, bonds, money market funds, stable income value mutual funds, and other investments. There is even a fixed rate option… within a variable rate annuity. With a variable rate annuity, your return will rise or fall, depending on the performance of your portfolio. For this reason, variable rate annuities offer the highest return potential of any annuity… but also expose you to the highest market risk. If you want more control over how your money is invested – and are comfortable with greater investment risk to achieve potentially higher returns – you may want to consider a variable annuity. To find out more about variable annuities, call us today. https://youtu.be/H1Vz5xyLNtM