Financial Services

Long Term Care Insurance

Long Term Care Insurance Image

"Long-term care" (LTC) is a phrase which is used to describe a variety of services in the area of health, personal care and social needs of persons who are chronically ill or infirm. Recent studies based on nursing home admissions indicate that 40% of all persons age 65 and over may enter a nursing home at some period in their lives.

Immediate Annuities

Immediate Annuities are normally purchased with a single premium payment. Annuity payments to the contract owner usually begin one period (monthly, annual, ect.) after the contract is issued. Popular payment periods include:

  1. Life Only: Regular payments are made for as long as the annuitant lives. When the annuitant's life ends, payments cease and no refund is made, even if the contract owner has not yet recovered the initial principal.

Equity-Indexed Annuities

Equity-Indexed Annuities combine a guaranteed minimum interest rate, with a potential for greater growth linked to a specific equities market index such as the Standard & Poor's 500 index. If the chosen index rises sufficiently during a specific period, a greater interest rate is credited to the contract owner's account for that period. This type of annuity can also be purchased with a single lump sum of cash, with installment payments over time, or with flexible payments.

Fixed Annuities

Fixed Annuities - The issuing life insurance company will guarantee a certain rate of interest, for a specified period of time. This type of annuity can be purchased with a single lump sum of cash, with installment payments over time, or with flexible payments.


Annuities Image

General Purposes of Tax Deferred Annuities

The term "annuity" derives from a Latin term meaning "annual", and generally refers to any circumstance where principal and interest are liquidated through a series of periodic payments made over time.

Disability Income Insurance

Disability Income

General Purposes of Disability Insurance

While many Americans insure their lives and material assets, like their homes, cars, ect., many overlook the need to protect the most valuable asset - the ability to earn an income.

Insurance claim studies indicate that the odds of becoming disabled for 90 days or longer are much greater than dying during one’s working years.

What To Look For In A Disability Insurance Policy

Whole Life Insurance

Whole Life sometimes called "permanent insurance", or "ordinary life", is designed to stay in force throughout a person's lifetime. The policy remains in force as long as the policy owner pays the premiums, regardless of any changes in health that may occur. Premiums for most whole life policies remain level and can be paid on an annual, semi-annual, quarterly, or monthly basis.

Universal Life

Universal Life differs from traditional whole life policies by specifically separating and identifying the "mortality", "expense", and "cash value" parts of a policy. Dividing the policy into these three components allows the insurance company to build a higher degree of flexibility into the contract. This flexibility allows (within certain limits) the policy owner to modify the policy face amount or premium, in response to changing needs and circumstances. A monthly charge for both the "mortality" element and the "expense" element is deducted from the policy's account balance.

Term Life Insurance

Term Life provides life insurance only for a limited period of time, or "term." Other types of policies such as whole life, and universal life are considered to be "permanent" insurance, and are designed to provide protection for the entire life of the insured. Term insurance provides only "pure" insurance protection and does not have the cash value feature typically found in most permanent life insurance policies. Term insurance may be compared to an automobile insurance policy. While the auto policy is in force, the insured enjoys protection against loss from an auto accident.

Life Insurance

Life Insurance Image

Stan A. Kinoshita & Associates, Inc. offers a variety of Life and Insurance plans. We currently offer Whole Life insurance, Term Life insurance, and Universal Life insurance.

Click on a link to the left, to learn more about life insurance products, get a description of how the different types of plans work, and see how they can benefit you and your family. Please contact us to answer any questions or for more information.

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