We are a boutique insurance agency in Los Angeles, California. With decades of expertise, we help demystify finances and curate the best solutions for our clients.
New Capital Insurance Solutions
HI THERE. WE’RE NEW CAPITAL INSURANCE SOLUTIONS
Whether you’re just starting your family or building your next business, we can help you achieve your financial goals.
At New Capital Insurance Solutions, we know that one size does not fit all.
Services
Services
Personalized financial strategies for your present and future.
Life Insurance
Life insurance is a contract between a life insurance company and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime.
Disability Insurance
Disability insurance protects your ability to earn a living. If you get too sick or injured to work, it replaces a portion of your income so you can pay your bills. Disability is more common than you may think: about 5% of working Americans experience a short-term disability each year — and most don’t originate at work, so they aren’t covered by workers' compensation
Long-Term Care
Annuities
The term "annuity" refers to an insurance contract issued and distributed by financial institutions with the intention of paying out invested funds in a fixed income stream in the future. Investors invest in or purchase annuities with monthly premiums or lump-sum payments. The holding institution issues a stream of payments in the future for a specified period of time or for the remainder of the annuitant's life. Annuities are mainly used for retirement purposes and help individuals address the risk of outliving their savings.
Premium Financing
Life insurance premium financing involves taking out a third-party loan to pay for a policy’s premiums. This strategy may be useful to high net worth individuals (HNWIs) who don’t want to liquidate assets to pay for costly life insurance premiums outright.
Why Do I Need Life Insurance?
Why Do I Need Life Insurance?
Income replacement
If you were to die unexpectedly, your other family members would still need to cover ongoing household expenses even without your income. The life insurance death benefit can help replace income and ensure financial stability for your loved ones after you are no longer there to provide for them.
Financial protection
Life insurance is meant to help protect your family's financial future. A life insurance policy helps secure your family's financial stability if you pass and could help mitigate the stress and burden of an already difficult time.
Tax reduction
Life insurance policies can offer certain tax advantages. First, the life policy death benefit is generally paid out to your beneficiary free of income tax. Consequently, a sizeable death benefit will avoid a hefty payment of income tax. The second tax advantage is that the total cash value for a permanent policy (i.e., whole or universal life) accumulates tax-deferred.
Estate planning
You can use life insurance as an estate planning tool to help plan for your heirs to have sufficient liquidity (i.e., cash on hand) after you die to pay any necessary estate taxes and final expenses. The death benefit from life insurance can be used for faster payouts to cover funeral and burial costs, medical bills, and outstanding debts and taxes.
Health benefits
Life insurance riders, which can offer essential health benefits, are add-ons to a life insurance policy, allowing you to personalize your life insurance companies coverage. Various riders can provide you with financial support in case of serious illness or disability or the need for long-term care.
Retirement income
Life insurance can also supplement your retirement income in a couple of ways. Permanent life insurance policies (either whole life policy or universal life policy) allow you to build up cash value, which you can borrow against and use as a supplemental source of retirement income.
Legacy planning
Many people choose to use life insurance to leave a legacy for their loved ones or their favorite charitable cause. When selecting your life insurance beneficiary, consider to whom or what you want to leave your death benefit. You also may choose to leave a legacy through charitable giving by naming a religious, arts, or charitable organization as your beneficiary.
Financial Stability
One of the most important benefits of life insurance is that it can help provide greater peace of mind, knowing that your loved ones will be taken care of in case of untimely death. For example, funerals can be expensive. Dealing with this financial stress can add to the emotional strain your family might experience.
More cash
Whole life insurance and universal life insurance, offer you the added benefit of a cash value component. As you pay your premiums, the life insurance company invests this money, allowing you to build cash value in the policy over time. This cash value can be available to you through policy loans and withdrawals to take care of temporary financial needs or unexpected expenses.
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