OUR PRODUCTS
The team at Garrel Miani Financial Group are trained professionals who can help you identify your financial needs and then determine which financial and insurance products can best help you meet your objectives. Some of the products we often use to serve the needs of our clients include:
LIFE INSURANCE
Here at Garrel Miani Financial Group, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Here are some of our key services:
Whole Life
Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.
Whole Life is often chosen by individuals who are looking to both save and protect their families. While earning cash value and dividends, whole life provides various unique benefits that can be increasingly helpful during various stages of life as well as in retirement. With new and innovative riders such as disability waiver and chronic care, whole life can truly provide an immense amount of value.
Term Life
Term life policies provide coverage for a range of time ranging from 1 year all the way to 30 years. Term premiums are often less expensive than permanent life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.
Universal Life
Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change. This policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions. This can happen due to insufficient premium payments, if loans or withdrawals are made, or if current interest rate or charges fluctuate.
Survivorship Life
Survivorship life insurance - available as whole life, universal life or variable universal life - covers two people and provides payment of the proceeds when the second insured individual dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals.
The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions. This can happen due to insufficient premium payments, if loans or withdrawals are made, or if current interest rates or changes fluctuate.
Variable Universal Life
Variable Universal Life Insurance combines the premium and death benefit flexibility of a Universal Life policy with investment opportunities. You may allocate your premium amongst a variety of professionally managed investment divisions plus a fixed account. Of course, with investment opportunities comes risk along with the potential for reward.
These products are offered by prospectus through NYLIFE Securities LLC. (member FINRA/SIPC), and a Licensed insurance Agency. Be sure to request one and read it carefully before investing as both the product and investment options prospectuses provide complete information you need to know regarding charges, expenses and risk factors.
ANNUTIES
An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump-sum of money into a guaranteed stream of income payments. Deferred annuities offer the advantage of tax-deferral and can be used to accumulate money for retirement. Income annuities are used to generate a stream of income payments that is guaranteed to last for as long as you need it to - even for the rest of your life*. Some of the different types of annuities are:
*Guarantees are dependent upon the claims paying ability of the issuing insurer.
Fixed Deferred Annuities
With a Fixed Deferred Annuity, the interest rate on your policy is guaranteed* never to fall below a certain amount. For many people, this provides a measure of security.
Subject to a sales charge for early withdrawals and may be subject to income tax. Withdrawals prior to 59.5 are subject to a 10% tax penalty.
*Guarantees are dependent upon the claims paying ability of the issuing insurer.
Lifetime Income Annuities
An income annuity where income payments begin immediately - one period after the annuity is purchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform. With people living longer and longer, these products have become more of standard in retirement income and longevity planning.
All guarantees associated with Annuity Contracts are based on the claims paying ability of the issuing insurance company. Withdrawals may be subject to regular income tax, and if made prior to age 59 1/2, may be subject to a 10% IRS penalty. In addition, surrender charges may apply.
Variable Deferred Annuities
A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy’s accumulated value - and sometimes the amount of monthly annuity benefit payments - fluctuates with the performance of your variable investment account options. There are fees, expenses and risks associated with the contract. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value
Offered through NYLIFE Securities LLC (member FINRA/SIPC), and a Licensed Insurance Agency.
DISABILITY INSURANCES
Disability insurance is also called disability income (DI) insurance. If you become too sick or injured to work for an extended period of time, DI could help cover a portion of your income, including bonuses and commissions. It’s important to know that even if you have group long-term disability insurance through your employer, it may not be enough.
LONG-TERM CARE SOLUTIONS
Going through life may require a little help along the way. So if you're planning ahead, long-term care insurance may help protect you or a family member's future plans and help preserve the assets you've worked so hard to build.
.svg)
YOUR ACCOUNTS
CONTACT US
NEWSLETTERS
HALLANDALE BEACH LOCATION
601 North Federal Highway, Suite #301
Hallandale Beach, FL 33009
KEY WEST LOCATION
302 Southard St, Suite 211
Key West, FL 33040