TRUSTED LIFE INSURANCE OPTIONS

At Continental Fidelity Group, we prioritize trust and affordability, providing personalized life insurance solutions tailored to meet your needs and ensure peace of mind for you and your loved ones.

WHY CHOOSE US?

Tailored Life Insurance

Our tailored life insurance approach ensures that each individual or family's insurance journey is unique, providing comprehensive coverage and financial security.

We partner with trusted, affordable providers to ensure the best life insurance options for our clients, customized to their specific needs.

Our workshops and coaching sessions focus on fostering financial growth and confidence in securing the right life insurance coverage for you and your family.

Trusted Providers

Financial Growth

UNIQUE SERVICES

Continental Fidelity Group provides specialized attention to unique client situations such as health conditions related to heart disease and other cardiac issues. Whether you are post operative or undergoing treatment, we have the support system that values your needs.

PARENTS

Make sure your little ones are always protected. Life insurance can help cover the costs of college tuition, living expenses, and replace your income if you're not there.

NEWLYWEDS

You're about to share everything with your partner - including finances, debt, and more. Getting life insurance is an important way you can protect each other in case the unexpected happens.

A new address often comes with mortgages and other home-related costs. Life insurance can protect your family from the prospect of losing your home. If you become disabled, we can show you how to pay your mortgage.

HOMEOWNERS

WOMEN

Women are far behind men when it comes to life insurance - yet their needs are the same. Here's why life insurance is an important part of every woman's financial plan.

HEART DISEASE

If you suffer from heart disease, we understand. Our people have the same heart problems: from mitral valve repair to quadruple bypass heart surgery. We will listen. Let our team, with over 50+ years of experience, guide you through the process. Whether you're looking for $250.000 or $25MM coverage, we will treat you the same. We will provide you with the best service, find you the lowest premium, and make you happy. We have written policies all over the country, representing all the best carriers. If we can't get you coverage, no one can.​

Even if you’ve been declined or heavily rated, give us a chance to help you.​

LIFE INSURANCE POLICY NO LONGER NEEDED​ (CONVERTING YOUR EXISTING POLICY)

Yes, you can potentially convert life insurance into extra cash for retirement, but it depends on the type of policy you have. Only permanent life insurance policies, like Whole Life or Universal Life, build "cash value" which can be accessed for retirement income. Term life insurance does not have this feature.

Here's how you can potentially access cash value from your permanent life insurance policy for retirement:

• Withdrawals: You can withdraw funds from your policy's cash value. Withdrawals up to the amount of premiums paid in (known as the cost basis) are typically tax-free. Withdrawals exceeding the cost basis may be taxable. Note that withdrawals will reduce the death benefit your beneficiaries receive.

• Policy Loans: You can borrow against your policy's cash value. These loans are generally not considered taxable income, but unpaid loans will reduce the death benefit. Interest will also accrue on the loan.

• Surrender the policy: You can cash out or surrender your policy and receive the entire cash value. This will terminate your life insurance coverage, meaning no death benefit will be paid to your beneficiaries. Be aware of potential surrender fees.

• Convert to an Annuity: Some policies allow for a tax-free conversion of the cash value into an annuity. This can provide a guaranteed stream of income during retirement but will eliminate the death benefit.

Important Considerations:

• Impact on Death Benefit: Accessing your cash value through withdrawals or loans will reduce the death benefit available to your beneficiaries.

• Tax Implications: While withdrawals up to the cost basis are generally tax-free, accessing gains may be subject to taxes. Policy loans are generally tax-free, but interest accrues. A policy lapse due to unpaid loans can result in taxable income.

• Policy Fees and Costs: Permanent life insurance policies generally have higher premiums compared to term life. Surrendering your policy may incur surrender fees.

• Not a Primary Retirement Strategy: Life insurance is primarily for protection, not retirement savings. It's best used as a supplement to other retirement savings plans like 401(k)s and IRAs.

It's highly recommended to consult with a financial advisor or tax professional before making any decisions about accessing your life insurance policy's cash value for retirement. They can help you evaluate your specific circumstances and determine the best approach for your financial goalsLet us show you how you can convert to provide extra cash for retirement or long-term care needs.​

COLLEGE AND RETIREMENT PLANNING

Life insurance can be a valuable tool in both college and retirement planning, but it's important to understand the different types and how they can be used.

1. Saving for College:

• Permanent Life Insurance: Policies like whole life and universal life offer a cash value component that grows over time.

  • How it works: A portion of your premium payments goes into a cash-value account that grows tax-deferred.

  • Accessing the cash value: You can borrow against or withdraw from this cash value to cover educational expenses.

  • Benefits:

    • Flexibility: Unlike a 529 plan, you can use the cash value for any purpose, not just qualified education expenses.

    • Doesn't affect federal financial aid: The cash value generally isn't factored into federal financial aid calculations.

• Term Life Insurance: Provides a death benefit for a set period.

  • How it works: If you pass away during the policy term, the death benefit can be used to pay for college costs.

  • Benefit: Provides a safety net in case of your unexpected death, ensuring your child's education can be funded.

2. Retirement Planning:

• Cash Value Life Insurance: Permanent life insurance policies build cash value that can supplement retirement income.

  • How it works: You can access the cash value through withdrawals or loans.

  • Benefits:

    • Tax-advantaged access: Withdrawals up to the amount of premiums paid are generally tax-free. Loans are also typically tax-free, but interest accrues and the death benefit may be reduced if not repaid.

    • Diversification: Can offer a stable component to your retirement portfolio, particularly useful during market downturns.

    • Guaranteed growth: Whole life insurance policies offer guaranteed cash value growth, regardless of market performance.

• Indexed Universal Life (IUL) Insurance: A type of permanent life insurance where the cash value growth is linked to a market index.

  • How it works: Cash value growth is tied to a stock market index, with cap rates limiting potential earnings but floor rates protecting against losses.

  • Benefits:

    • Potential for higher returns: Offers the possibility of market-linked growth, potentially exceeding traditional cash value growth.

    • Tax-deferred growth: Cash value grows tax-deferred.

    • Tax-free access: Can access the cash value through tax-free loans.

Important Considerations:

• Cost: Permanent life insurance policies are generally more expensive than term life insurance.

• Time to build cash value: It takes time to accumulate a substantial cash value in permanent life insurance.

• Fees and expenses: Life insurance policies can have various fees and expenses that impact cash value growth.

• Impact on the death benefit: Accessing the cash value through withdrawals or loans will reduce the death benefit.

Note: Life insurance is not a substitute for traditional college savings plans like 529 plans, which are specifically designed for education expenses and offer unique tax advantages. A financial advisor can help you determine the best approach for your specific situation, possibly combining life insurance with other savings vehicles to achieve your college and retirement goals.

QUALITY LIFE INSURANCE WITH HEART CONDITIONS

Tailored Life Insurance

Our tailored life insurance approach ensures that each individual or family's insurance journey is unique, providing comprehensive coverage and financial security.

We partner with trusted, affordable providers to ensure the best life insurance options for our clients, customized to their specific needs.

Our workshops and coaching sessions focus on fostering financial growth and confidence in securing the right life insurance coverage for you and your family.

Trusted Providers

Financial Growth

Our team at Continental Fidelity Group will help you qualify for affordable life insurance, even if you have heart problems or other health issues. Contact us today: info@continentalfidelitygroup.com.

“Working with Continental Fidelity Group was a game-changer for our financial security.”

John D.

“The personalized approach and attention to detail at Continental Fidelity Group exceeded our expectations in securing the right life insurance coverage.”

Celeste T.

★★★★★

★★★★★

CLIENT TESTIMONIALS

★★★★★

“Exceptional service and trusted providers make Continental Fidelity Group stand out in the life insurance industry.”

Sarah K.