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ABOUT MAGNUS FINANCIAL GROUP

LIFE INSURANCE

Life insurance has many unique characteristics that may make it an appropriate solution for a variety of challenges, beyond those that arise at the death of the insured(s). In addition to death benefit protection, life insurance offers:

  • Tax-deferred accumulation of policy cash values.
  • Creditor protection (in some states).
  • Tax-advantaged access to policy cash values.

Please keep in mind loans and partial withdrawals may decrease the death benefit and cash value and may be subject to policy limitations and income tax.

The flexible nature of many modern life insurance policies provides a powerful means to address a wide range of personal, business, and charitable situations.

PERSONAL

Family Protection: Provides a source of cash for surviving family members to utilize for living expenses.

College Funding: Provides a funding source for college education of children or grandchildren.

Debt Protection: Generates cash to pay off an existing mortgage or other personal debt.

Wealth Creation: Provides funds to leave as an inheritance or to equalize inheritances among family members.

Estate Tax Liquidity: Creates liquidity to pay estate taxes rather than requiring liquidation of existing estate assets.

Gifting Leverage: Leverages the use of the annual gift tax exclusion, the lifetime exemption, and/or Generation Skipping Transfer Tax exemption.

BUSINESS

Key Employee: Provides funds to aid in the search for a replacement in the event of death of a key employee.

Executive Recruitment and Retention: Used in a variety of nonqualified benefit programs to help attract and retain key employees.

Business Continuation: Provides funds to aid in the continuation of business in the event of death or disability of an owner.

Succession Planning: Provides liquidity to purchase the ownership interest of a deceased owner.

Debt Protection: Creates a pool of money that can be used to pay off borrowed money.

CHARITY

Wealth Replacement: Used with many charitable gifting programs to replace, for heirs, the value of estate assets that were gifted to charity.

Gift Creation: Used to create a significant donation to charity at death or during life.

Gift Leverage: Used to maximize the eventual charitable donation at the death of the insured.

Although often mistakenly viewed as a price only decision, the long-term nature of life insurance necessitates careful consideration in the selection of the insurance carrier, the product type, and the agent to represent you and interact with your heirs.

DISABILITY AND LONG-TERM CARE

Income and asset protection are important components of a sound financial plan. Effective disability and long-term care planning, both pre- and post- retirement, is a critical part of a successful financial plan, ensuring stability, growth, and protection of income and assets for the long term.

DISABILITY INSURANCE

It can be hard to face the fact that a disability can happen at any time and to anyone. A disability could be devastating to one’s income and accumulation goals. Disability insurance is an integral part of a secure financial plan especially for highly compensated employees, executives and business owners.

Income protection planning allows the insured to maintain their standard of living in the event that an injury or illness leaves them unable to work. Disability insurance is invaluable for any person in any occupation. Proper planning will ensure clients’ can continue their standard of living in the face of a temporary or permanent disability.

We offer a variety of disability income and business protection solutions to meet the needs of our clientele. We help you quantify the risk and assess your income protection needs in order to design effective solutions that benefit both the employer and the employees. There are many factors to consider, and we will help better prepare you by finding the right protection for you.

LONG-TERM CARE INSURANCE

Long-term care is usually defined as a chronic condition for which an individual requires assistance with his or her usual activities of daily living (ADLs). ADLs are commonly defined as eating, dressing, bathing, toileting, maintaining continence, and transferring from bed to chair. When an individual needs physical assistance or verbal reminders to perform his or her ADLs, they are generally classified as needing long-term care, whether they need the assistance occasionally or full-time.

Diagnostic, therapeutic, preventive, and rehabilitative services all have their place in a comprehensive long-term care program. The primary focus of long-term care however, is on the personal care and support that will preserve an individual’s lifestyle, daily independence, and dignity.

It can be difficult to plan for long-term care needs because there are multiple factors influencing the decision making process, including:

  • Ambivalence about long-term living arrangements as physical capabilities decline.
  • Inability or unwillingness of family members to provide periodic or ongoing support when the time comes.
  • Misinformation about long-term care options or services available through health programs, Medicare, etc.
  • Difficulty in juggling financial and family priorities when planning for long-term care.

The financial implications of a disability, chronic disease, or other debilitating condition are often underestimated. Along with health care costs in general, these costs are expected to grow exponentially in the coming years. As most health insurance will not pay for the majority of costs associated with an extended period of illness or injury, long-term care insurance offers a solution with tax-free benefits that are aimed at protecting valuable assets that would otherwise be severely reduced or lost entirely.

*Please Note: Limitations. Magnus does not serve as an attorney, accountant, or insurance agency. Magnus does not sell insurance products. If the client desires, one of Magnus’ representatives, in their separate licensed individual capacities, can be engaged to provide insurance sales/services as described on Magnus’ written disclosure Brochure (a copy of which is linked to this web site) per the terms and conditions of a separate engagement and fee.

Let’s Get Acquainted

We offer a complimentary “Get Acquainted” meeting to describe our services, and to see if our services are right for you.

DISCLAIMER

Magnus Financial Group LLC (“Magnus”) did not produce and bears no responsibility for any part of this report whatsoever, including but not limited to any macroeconomic views, inaccuracies or any errors or omissions. Research and data used in the presentation have come from third-party sources that Magnus has not independently verified presentation and the opinions expressed are not by Magnus or its employees and are current only as of the time made and are subject to change without notice.

This report may include estimates, projections or other forward-looking statements, however, due to numerous factors, actual events may differ substantially from those presented. The graphs and tables making up this report have been based on unaudited, third-party data and performance information provided to us by one or more commercial databases. Except for the historical information contained in this report, certain matters are forward looking statements or projections that are dependent upon risks and uncertainties, including but not limited to factors and considerations such as general market volatility, global economic risk, geopolitical risk, currency risk and other country-specific factors, fiscal and monetary policy, the level of interest rates, security-specific risks, and historical market segment or sector performance relationships as they relate to the business and economic cycle.

Additionally, please be aware that past performance is not a guide to the future performance of any manager or strategy, and that the performance results and historical information provided displayed herein may have been adversely or favorably impacted by events and economic conditions that will not prevail in the future. Therefore, it should not be inferred that these results are indicative of the future performance of any strategy, index, fund, manager or group of managers. Index benchmarks contained in this report are provided so that performance can be compared with the performance of well-known and widely recognized indices. Index results assume the re-investment of all dividends and interest.

The information provided is not intended to be, and should not be construed as, investment, legal or tax advice nor should such information contained herein be construed as a recommendation or advice to purchase or sell any security, investment, or portfolio allocation. An investor should consult with their financial advisor to determine the appropriate investment strategies and investment vehicles. Investment decisions should be made based on the investor’s specific financial needs and objectives, goals, time horizon and risk tolerance. This presentation makes no implied or express recommendations concerning the way any client’s accounts should or would be handled, as appropriate investment decisions depend upon the client’s specific investment objectives.

Investment advisory services offered through Magnus; securities offered through third party custodial relationships. More information about Magnus can be found on its Form ADV at www.adviserinfo.sec.gov.

TERMS OF USE

This report is intended solely for the use of its recipient. There is a fee associated with the access to this report and the information and materials presented herein. Re-distribution or republication of this report and its contents are prohibited. Expert use is implied.

DEFINITIONS

Asset class performance was measured using the following benchmarks: U.S. Large Cap Stocks: S&P 500 TR Index; U.S. Small & Micro Cap: Russell 2000 TR Index; Intl Dev Large Cap Stocks: MSCI EAFE GR Index; Emerging & Frontier Market Stocks: MSCI Emerging Markets GR Index; U.S. Intermediate-Term Muni Bonds: Bloomberg Barclays 1-10 (1-12 Yr) Muni Bond TR Index; U.S. Intermediate-Term Bonds: Bloomberg Barclays U.S. Aggregate Bond TR Index; U.S. High Yield Bonds: Bloomberg Barclays U.S. Corporate High Yield TR Index; U.S. Bank Loans: S&P/LSTA U.S. Leveraged Loan Index; Intl Developed Bonds: Bloomberg Barclays Global Aggregate ex-U.S. Index; Emerging & Frontier Market Bonds: JPMorgan EMBI Global Diversified TR Index; U.S. REITs: MSCI U.S. REIT GR Index, Ex U.S. Real Estate Securities: S&P Global Ex-U.S. Property TR Index; Commodity Futures: Bloomberg Commodity TR Index; Midstream Energy: Alerian MLP TR Index; Gold: LBMA Gold Price, U.S. 60/40: 60% S&P 500 TR Index; 40% Bloomberg Barclays U.S. Aggregate Bond TR Index; Global 60/40: 60% MSCI ACWI GR Index; 40% Bloomberg Barclays Global Aggregate Bond TR Index.