Retirement Plans and Group Benefits

Qualified retirement plans help companies attract and retain your employees. As a retirement plan sponsor and fiduciary, the company is responsible for making important decisions that can affect you and your plan participants. Today’s environment makes it more challenging than ever to ensure your retirement plan is being managed appropriately. Are you fulfilling your fiduciary […]

The Charitable Gift of Life Insurance

Charitable giving is an important aspect of the planning process. Charitable planning allows individuals (especially those with a high net worth) to continue to give to their favorite causes while potentially reducing their estate tax liability or income tax liability during life. Individuals may gift a life insurance policy on their own life to a […]

Case Study Using a Your IRA for Charity

Why use your IRA and retirement assets for a charitable contribution? When you name a charity as a beneficiary to receive your IRA or other retirement assets upon your death, the benefits are numerous: • No income taxes on the distribution of the assets • Your estate will receive a tax deduction for the charitable […]

Charitable Planning Using Life Insurance

Why use life insurance for charitable planning? Using life insurance for charitable planning is a strategic way to support a cause you care about while also benefiting from certain financial advantages: 1. Maximizing Charitable Impact A relatively small premium payment can result in a significant death benefit, providing a larger donation to the charity than […]

Evolution of Financial Planning

Financial planning typically involves different stages that align with the key phases of life. Each stage builds upon the previous one, aiming to secure financial stability and peace of mind throughout life. 1. Early Career (20s to early 30s) Focus: Building a financial foundation. 2. Mid-Career (30s to 40s) Focus: Growing wealth and protecting family. […]

Trust Owned Life Insurance Trends

Irrevocable Life Insurance Trusts (ILITs) are a cornerstone to a diverse array of financial strategies. However, a disturbing trend has emerged in trust owned life insurance in recent years that should concern grantors and beneficiaries. Learn more and what you can do: Why Are Trust-Owned Policies Falling Short Of Expectations

What is a Policy Management Review?

What does an insurance policy management review look like? Here is a policy management review using a family trust. Sample PMC Policy Review – Pomfret Financial

Pomfret Policy Management Services

As the life insurance industry changes with time, effective in-force policy management is now more critical than ever. Products are becoming increasingly more complex and a greater number of variables can affect the performance of any policy. Active and ongoing management by Pomfret Financial and Valmark’s Policy Management Company can keep the policy’s performance on […]

The Power of Compounding

Compounding interest is the process where the interest earned on an investment or savings is reinvested to earn additional interest over time. The power of compounding lies in its exponential growth potential. The longer you let your money compound, the more significant the growth, as the interest itself starts earning interest. See an example of […]

What is Personal Planning?

Personal financial planning is an essential tool used to optimize your financial resources, manage risks, and ensure financial security and success throughout the many stages and seasons of life. See this simple flow chart of  how personal planning works: Planning Process Simplified