Waddell & Reed Financial Advisors

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Waddell & Reed Financial Advisors
SHELLEY KING
174 WEST STREET
SUITE 108
LITCHFIELD, CT 06759
860-567-1176

Your financial advisor, Waddell & Reed and our fund families provide a powerful three-legged stool on which to build your financial future.

Successfully cultivating these investment results across many market cycles, Waddell & Reed's investment management team has consistently achieved highly competitive performance within its peer groups. Our investment philosophy, which has served as the cornerstone of our stability, emphasizes long-term investing. Waddell & Reed has succeeded by believing in fundamentals over fads, and extending this belief to the benefit of our investors.

What is Life Insurance?

In the event of your death, how will your family pay for medical expenses that have accumulated? Will you have enough savings to send your children to college? Will your surviving spouse have a suitable amount of money for retirement? How will your family pay funeral and day-to-day expenses?

Life insurance is designed to meet these financial needs. Having life insurance ensures that, when you die, your dependents will have the resources necessary to better protect your family’s financial future.

Buying life insurance can be complicated. In order to determine how much protection you need, a number of factors, such as immediate needs, funds for a re-adjustment period and ongoing financial needs, should be considered. In addition, determining what type of insurance you need is just as important, and the type that is best for you depends on your personal circumstances.

What types of life insurance are available?
Term Insurance
Term insurance provides protection for a specific period of time, and pays your beneficiary only if you die during the specific term period. This type of insurance can often be renewed annually or when you reach the end of the specified time period (i.e. 5 years, 10 years, 20 years). In Annual Renewable Term, the yearly premium generally increases each year as you grow older and continues as long as stated in the policy while the face amount of coverage remains the same. For policies that have a specific time period of 5, 10 or 20 years both the premium and the face amount of coverage remain level for the stated time period.
Permanent Insurance
Permanent insurance, unlike term insurance, enables you to accumulate a cash value while you are still alive, offering tax-deferred growth and access to cash values tax free*. Death benefits paid to a named beneficiary are received federally income tax free*. Typical permanent insurance policies available are participating whole life, universal life, and variable universal life insurance.
*Tax free withdrawals and death benefits are available under IRC Section 79 and 101 of the 2009 IRS Tax Code.

A Waddell & Reed financial advisor** can help you determine which insurance best suits your - and your family's - needs and goals. Mounting bills, car and house payments or imminent college costs are the last things you want your family struggling to pay without the proper resources.

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