success. RCC offers a wide range of products and services with extensive retirement planning tools for individuals and families. We also offer
College Planning, Mortgage Planning, and Estate Planning.
Life Insurance Strategies
Life insurance focuses on helping to protect and transfer the wealth you have accumulated in other investment activities.
Life Event Strategies
The following life events can be a good time to make an initial purchase or review your current coverage.
Home purchase or home improvement Cover mortgage and/or home equity loan
Birth/adoption of a child Cover increased family daily income needs and new debts
New job Replace any group coverage gaps and increase your coverage amount for your new salary
Marriage Review needs for income, estate, and home expenses
College education planning Cover future college expenses
Estate planning Cover funeral and estate expenses
Semi-annual financial planning Review current coverage
Learn how purchasing life insurance is an important strategic step in protecting you and your family.
Protection and Wealth Transfer Strategies
You are your family's greatest asset. A sudden loss of income could place unnecessary hardship on your family. Consider the lifetime earnings
potential of some hypothetical households:
Current Age After-tax After-tax After-tax
Annual Salary Annual Salary Annual Salary
$50,000 $100,000 $200,000
35 $2,378,771 $4,757,542 $9,515,083
45 $1,343,519 $2,687,037 $5,374,075
55 $573,194 $1,146,388 $2,292,776
* Figures represent the estimated cumulative salary earnings at age 65 of an annual salary which grows by 3% per year.
When buying life insurance to replace lost income, there's no substitute for a thorough analysis of your personal situation. Retirement Choices of
California can help you decide on an adequate level of life insurance protection.
Proceeds from your life insurance policy are not generally subject to income tax and the full-face amount of your policy is paid directly to your
beneficiaries. Learn about how proper Estate Planning, can help you and your family develop a solid plan. Estate taxes may apply to insurance
proceeds. Consult a financial or tax advisor for your specific financial situation.
Ensure that you have enough insurance to cover any mortgages or home equity loans. Typically enough insurance is purchased to pay off the
principal amount of the loans, not future interest, Learn how at Mortgage Planning.
Protect savings and investments
Help preserve your savings and investments and help your family keep up with current and future living expenses.
As college costs continue to rise, the need for a plan becomes more and more important. Learn about how Protecting Your College Plan with Life
Insurance can help cover college tuition.
Always consult your estate planner or tax advisor when making estate planning decisions.
|Individuals and Families