RMD rules and ideas for using RMD’s
Clients need to start taking RMD’s by April 1st of the year after they reach age 72. This is the new rule that is in effect. For those clients that have accumulated a good deal of assets, this could mean taking required minimum distributions that...
Life Insurance can Help Your Retirement Planning
Buying the right life insurance coverage with your future retirement in mind can make it easier for your family to handle finances when you die. It can also help protect your money, manage your taxes and give you the opportunity to grow cash value...
The Importance of Term Conversions & Tips
A term conversion is a contractual obligation a client has, to convert his or her term policy to that specific carrier’s permanent product(s) without having to go through underwriting again. Each carrier has its own specific rules for term...
Why Convert Term Life to Permanent Insurance?
With everyone’s health on the radar a little more due to Covid, it is important to truly think long term about one’s life insurance. For some, term insurance will still be satisfactory for what a client is trying to accomplish, which could be...
How to buy life insurance as a couple
An important part of building a life with your significant other is creating a good financial foundation that can protect each other and your family. Knowing how to buy life insurance as a couple should be a big part of that plan. To find the best...
“Life” without Contact
It has been a tough couple of weeks learning this new normal, but we are pushing through and we are all here to help. The interest in life insurance is still quite high, especially with the concern about COVID-19. At this point carriers have made...
SECURE ACT – Eliminating the Stretch IRA and Solutions Using Permanent Insurance
With the SECURE Act passed by Congress, there is a huge opportunity to talk to you clients about permanent life insurance. The goal of the act was to encourage more businesses to offer a retirement plan to their employees. However, in...
Life Insurance through work…a potentially false sense of security
In the 2018 LIMRA Life insurance Barometer study, 60% of Americans own a life insurance policy. However, continuing the trend that first started in 2017, more Americans are now covered by a group life insurance plan than by an individual plan...
Why you should have a Contingent Beneficiary
A contingent beneficiary is a beneficiary that is next in line if the primary beneficiary pre-deceases the insured. If an insured does not have a contingent beneficiary and the primary beneficiary dies before the insured, then the insured’s...
Life Insurance pricing
Advertising for Life insurance is becoming more common. This is a good thing for all of us, but it leads clients down a confusing path. Are online life insurance plans less expensive? The answer is no. Online life...
THE THOMPSON AGENCY
235 Mountain Road #609
Suffield, Connecticut 06078
800.842.8289 | 860.693.4999
Fax: 860.693.4547
