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FINANCIAL SERVICES
Group Health Plans: Employees
consider insurance benefits a very attractive form of compensation, and
can reduce turnover and attract highly qualified workers.
Individual Health Plans: Quality
coverage for individuals and their families that do not have group
insurance.
Life Insurance Plans:
Term and Permanent Coverages
Life insurance may be one of the most
important purchases you'll ever make. In the event of a tragedy, life
insurance proceeds can help pay the bills, continue a family business,
finance future needs like your children's education, protect your spouse's
retirement plans, and much more. What type do I need and how much? These
are important questions we can help you answer.
Other services and products offered
are:
Disability Insurance -
Disability insurance pays benefits to a policyholder when that person
becomes incapable of performing one or more occupational duties, either
temporary (short term) or permanently (long term). The policy is
designated to replace a portion of the income lost because of the
insured's disability.
SEP (Simplified Employee
Pension) - This is a pension plan in which both the employee and the
employer contribute to an IRA. Individual IRA's are set up each
participant. Many employees like the flexibility of the SEP.
Roth IRA - A Roth IRA is an
Individual Retirement Account created by the Taxpayer Relief Act of 1997.
It permits account holders to accumulate their principal tax free (under
certain conditions). Unlike regular IRA's participants are not required to
take distributions at age 701/2. They cab also continue to contribute
after reaching age 701/2.
IRA - The Individual Retirement
Account is a personal tax-deferred, retirement account that an employed
person can set up. Deductibility of the deposit is dependent upon adjusted
gross income. You must be under the age of 701/2 to open or contribute to
an IRA. At age 701/2 you must begin to withdraw your minimum required
distribution.
401k - 401(k) is the section of
the Internal Revenue Code that allows employees to participate in a
retirement savings plan. Contributions are tax deferred, and interest and
earnings accumulate on a tax-deferred basis. A 401(k) retirement savings
plan is an effective and powerful method of savings.
Let McNeill, Garrison & Fletcher help
you sort through the maze of plans and carriers. Our Independent status
enables us to access most major carriers.
Contact John Patrich at
johnp@mgfagency.com or call (904) 923-8080 cell. Licensed and
appointed with highly rated carriers.
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