 |
|
Home : Planning Your Finances : Planning for Life Events : Getting Married
Getting Married | Buying a Home | Raising a Family
| Saving for Education
Getting Married
Getting married is an important milestone, and it’s a good time to re-evaluate your financial plan to be sure that it meets the changes in your circumstances.
Key Issues
It may not be very romantic, but issues such as establishing joint bank accounts, revising wills, and changing beneficiaries on life insurance policies are important
matters that need to be discussed between spouses. Home ownership, parenthood and funding education may also need to be discussed.
And there is no time like the present to evaluate strategies and products that will help you meet your long-term goals for a comfortable retirement
together. Getting an early start on estate planning can also ease concerns about the future.
If you don't have life insurance, now would be a good time to think about ensuring the financial security of your new family.
Products to Consider
Term Life Insurance
Term insurance offers secure protection for a specific period and often can be converted into a permanent policy at a later date. A term policy can be used to protect
a home mortgage and other significant expenses for 10, 20 or even 30 years. Learn more…
Universal Life Insurance
If you are ready to commit to the security of permanent life insurance protection, universal life may be the right choice for you. Unlike term coverage, universal
life can build tax-deferred1 cash value over time that may be used to fund important expenses later in life.2
Learn more…
Top of Page
Variable Universal Life Insurance
Variable universal life policies carry more risk than traditional universal life policies, but they also have greater cash value accumulation potential. A portion
of the premium is allocated among a range of available investment sub-accounts, as elected by the policyowner. Investment professionals manage the funds, and
the policyowner has the ability to make a number of transfers among the sub-accounts and a fixed account each policy year to accommodate changes in investment
strategies. Learn more…
Fixed Annuities
If security and reliability are important to you, a fixed annuity may be a good way to meet your retirement needs. A fixed annuity can provide tax-deferred3
earnings, protection of principal, a steady, guaranteed income in your later years, and income for the surviving spouse and beneficiaries.
Learn more…
Get Answers to your Questions
A Transamerica representative can assist you with re-evaluating your financial
plan and selecting the products that best meet your needs.
|
1Under current federal income tax laws, earnings are generally tax-deferred until withdrawn or distributed.
2Fluctuations in performance and/or policy charges may require the payment of additional premiums to keep the policy in force.
3Tax deferral is only available to individuals. It is not available for annuities owned by entities such as corporations and most types of trusts.
Transamerica and its representatives do not give tax or legal advice. The material provided is for informational purposes only and should not be
construed as tax or legal advice. Clients and other interested parties must rely solely upon their own tax and/or legal advisor regarding their particular situation.
Top of Page
|
|
|
|
