Service or Product Highlight

Service or Product highlight

 

Financial Strategies - a confidential survey is conducted by Karl Vandenberg Financial Services, LLC (KVFS) to record your own unique personal financial data and to idenity, set and monitor your financial goals.  Information provided by you during the confidential survey is input by KVFS to a professional Financial Strategies computer software program.  The program is then used to produce reports and suggest ideas to draw closer to and/or meet your own importance rated financial goals by using various financial statistics, graphs and concepts prepared by Ibbostson Associates, Inc. and made available through Emerging Information Systems (USA), Inc. 

Karl Vandenberg Financial Services, LLC, Ibbostson Associates, Inc., and Emerging Information Systems (USA), Inc. are not affiliated.

 

Mutual Funds - can be used to save for retirement, retirement IRA, Roth IRA, SEP IRA, SIMPLE IRA, 401(k), 403(b) contributions, saving to purchase a home, Internal Revenue Service (IRS) Code 529 college saving, emergency funds, vacation funds, automobile replacement funds, miscellaneous funds, funeral and/or burial funds, business key employee or executive bonus plans, deferred compensation plans, stay bonus plans.

Note: Mutual Funds are not guaranteed; past performance is not indicative of future performance.  Please ask for and review a prospectus and fact card of the particular mutual fund before investing or sending money.

 

Unit Investment Trusts - can be used to save for retirement, retirement IRA, Roth IRA, SEP IRA, SIMPLE IRA, 401(k),

403(b) contributions, Internal Revenue Service Code 529 college saving, emergency funds, vacation funds, automobile replacement funds, miscellaneous funds, funeral and/or burial funds, business key employee or executive bonus plans, deferred compensation plans, stay bonus plans.

Note: Unit Investment Trusts are not guaranteed; past performance is not indicative of future performance.  Please ask for and review a prospectus and fact card of the particular unit investment trust before investing or sending money.

 

Annuities - can be used for income needs, tax deferred interest accumulation, retirement saving, retirement IRA, Roth IRA, SEP IRA, SIMPLE IRA, 401(k), TSA contributions, charitable giving, inheritance, funeral and/or burial funds, business key employee or executive bonus plans, deferred compensation plans, stay bonus plans.

Note: The tax-deferred basis of an IRA, SEP IRA, SIMPLE IRA or 401(k) annuity can also be accomplished through other financial products, established as an IRA, SEP IRA, SIMPLE IRA or 401(k), such as mutual funds, CDs, individual stocks and bonds, etc.

 

Life Insurance * - can be used for in the event of the death of the primary income provider to replace income and/or provide for the payment of a home or business mortgage, college tuition or the payment of a student loan at the death of a parent or provider,  charitable giving, charitable remainder trust, inheritance, tax free death beneift can offset estate taxes and/or IRA income taxes, key employee replacement, key employee executive benefit, buy-sell agreement, child coverage and with additional guaranteed purchase option rider guarantee additional coverage will be made available in future years regardless of health and medical conditions, driving records or occupation.  Group underwriting and discounts, unisex rates and guaranteed issue are available though selective insurance companies.

 

Individual Disability Income Insurance * - can be used to replace income in the event that injury or sickness prevents one's ability to work for income.  Must be actively employed at least 30 hours a week to be eligible for coverage.

Return of Premium (ROP) at age 65 less claims paid to insured, is available at an additional premium through a selective insurance company.  Individual Disability Income Insurance can be used by business owners for key employee or executive bonus plans, partnership disability buy-out agreement and/or business overhead expenses.  Group underwriting and discounts are available through selective insurance companies.

 

Long Term Care Insurance * - can be used to help pay the cost for professional care at home, at an assisted living facility, nursing home or adult day care.  A cash first benefit is available through selective plans to help the insured stay at home longer, and/or an indemity benefit to help pay for additional non-covered expenses and/or to help care for a spouse or uninsurable spouse.

Return of Premium (ROP), or Return of Premium less claims paid to insured is available at an additional premium through selective insurance companies.  Workplace solutions, group underwriting and discounts, modified guaranteed issue and simplified issue are available through selective insurance companies.

 

* These types of insurance listed above are underwritten by the insurance company to which an application has been submitted to determine if an applicant has an acceptable life style, and/or health, and/or prescribed medications being taken, and/or occupation which the insurance company is willing to offer coverage.  

 

Medicare Advantage or Medicare Supplement Plans - health insurance for Medicare beneficiaries as defined by and approved by the federal Center for Medicare and Medicaid Services (CMS) and/or for disabled individuals as defined by social security administration and approved by the federal Center for Medicare and Medicaid Services (CMS).

 

Funeral Expense Trust - funded by a whole life insurance policy through a life insurance company and for the year 2013 can be funded up to a maximum of $15,000.  Funds are protected from Medicaid spend-down upon the effective date of transfer into the trust.  With a funeral expense trust, funeral costs are paid first directly to the funeral home that provides the service of yours or your famiy's choice with any excess funds going to your estate.

Estate Planning Trust - funded by a whole life insurance policy through a life insurance company to exclude funds from Medicaid spend-down after 5 years. This Trust will pay funeral costs with any excess funds going to the named beneficiary or your estate. There is a maximum amount of $50,000 for this Trust. 

Note: A combined Funeral Expense Trust and Estate Planning Trust cannot exceed $50,000.

Website Builder