Charity – Donating your Life Insurance Policy
“When Jesus heard this, He said to him, ‘One thing you still lack; sell all that you possess and distribute it to the poor, and you shall have treasure in heaven; and come, follow Me.” Luke 18:22 There is nothing more morally fulfilling than helping someone or donating to a charity. There are thousands of […]
Are You Prepared for 20 Extra Retirement Years?
We are all living longer: Fabulous, but increased longevity can pose a quandary for those who may have not saved enough for retirement or worry about outliving their money. Unprecedented numbers of Americans are entering the homestretch toward retirement. Born in 1946, the first of approximately 75 million “Baby Boomers” are over 70. Even the […]
A Modest Contribution Now Will Equal Thousands Later
Start young and get a head start with your money. The Providence Association offers a variety of programs that enable you to save a little each month, maintain your lifestyle and live your retirement years comfortably. With automatic withdraws, you can set up a monthly contribution and then leave the rest to us. Providence rates […]
5 Reasons to Invest in Annuities and IRAs
The Providence Association will ensure every investment counts. There are plenty of good reasons to invest in annuities and IRAs, but here are the top five. Let’s start with interest rates and a 3% guaranteed minimum is one of the most attractive in the market. 3.25% Tax Deferred or Tax-Exempt Interest Rate (Yes, 3.25%): […]
Business Uses of Life Insurance Policies
INSURANCE FUNDED BUY-SELL AGREEMENTS The untimely death of one participant in a successful business venture can create financial havoc. Not only does the business lose the income generated by the deceased, but it is also faced with the obligation of compensating his estate’s claim for the value of the business interest. There are squabbles about […]
Retirement Planning: Avoid Superannuation By Investing In an Annuity
Many of our seniors dread ‘superannuation’: They fear that they might outlive their retirement savings. What will they do if their savings get used up? What will they then do to supplement their limited social security and pension benefits? What will be left for a spouse or the children and grandchildren? The inability to properly […]