Insurance Strategy

Insurance can protect you and those you love from the financial impacts of an unexpected death, illness and even from living longer than expected.

Family of four sitting on their living room floor with art supplies and a tablet




Protection for what matters most in life

By protecting yourself with life and long term care insurance, and/or with an annuity, you can help yourself find peace of mind in knowing you’ve done the right thing.






















































































Mature woman smiling and looking at camera while at desk with coffee

Life Insurance

  • Term Life - could be the right choice for you if you need coverage for a set time. Term insurance is often economical, and coverage ends when the term expires. Choose a term based on your specific needs and your vision of the years ahead. 
  • Whole Life - offers coverage for your entire life. And it accumulates cash value, which is accessible in the form of loans or withdrawals. So whole life can represent a future source of money as well as protection. The premiums are guaranteed to remain the same throughout your lifetime. 

Mature couple dancing in home

Long Term Care

The day may come when you need long-term care. It can be very expensive and Medicare doesn’t usually supplement that cost. Without a way to pay for the expenses associated with long-term care, your savings could be at risk as well as the financial freedom you planned on leaving your family.
 
Are these familiar concerns of yours? 






































Mature couple at table with laptop

Annuities

Annuities are contracts with an insurance company that can help protect you against the risk of outliving your assets. Annuities provide future income in return for your contributions. Types of annuities include: 
  • Fixed - allow you to protect assets from market volatility. These contracts with an insurance company often pay you an agreed-upon percent for a guaranteed number of years. 
  • Variable - Investors with longer time horizons and the ability to withstand market fluctuations often choose variable annuities.  
  • Indexed - annuities can give you a chance for returns based on market increases with stability and principal guarantees more traditionally associated with fixed annuities. 
  • Single Premium - Purchasing a payout annuity – sometimes called an immediate annuity – is like buying a regular check for yourself. Payments start right away, usually within 30 days of your purchase and can last as long as you live.  















This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. This article is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you.
 
The financial professionals at HFCU Investment & Retirement Services are registered representatives with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Houston Federal Credit Union and HFCU Investment & Retirement Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using HFCU Investment & Retirement Services, and may also be employees of Houston Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Houston Federal Credit Union or HFCU Investment & Retirement Services. Securities and insurance offered through LPL or its affiliates are:
 
Not Insured by NCUA or Any Other Government Agency Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value
 
Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.