TracyCo partners with you to find the right policy for your unique needs and objectives.
TracyCo started out 35 years ago as a life insurance agency and we can help you today with finding the right life insurance to meet your needs.
We will always consult with you to determine your goals and objectives. Then recommend a policy that can meet those objectives.
There are many types of life insurance available. It is very important that you use the right policy to meet your needs.
TracyCo has extensive experience with all of the following:
Term life insurance
Whole life insurance
Universal life insurance
Indexed universal life insurance
Variable universal life insurance
Protecting surviving family members in a situation where the income generator is deceased is an important use of life insurance.
We help you determine the appropriate amount of life insurance required to protect your family.
Life insurance is often used in closely held and family businesses to protect the company from the loss of a key employee.
A business owner needs a trusted advisor to help determine the appropriate structure of a key man policy. Our experience working with business owners in many areas gives us a unique advantage over many life insurance agents.
Life insurance is also used in a business setting to provide funding for buy-sell agreements. Business owners should not put themselves in a position where they may have to execute a buy-sell without proper funding.
Structuring the insurance policies to back a buy-sell is complicated and owners should rely on someone with experience.
There is a surrender charge imposed generally during the first 5 to 7 years that you own a variable insurance contract. Withdrawals prior to age 59½ may result in a 10% IRS tax penalty, in addition to any ordinary income tax. The guarantee of the contract is backed by the financial strength of the underlying insurance company. Investment sub-account values will fluctuate with changes in market conditions.
Investors should consider the investment objectives, risks and charges and expenses of the variable insurance product carefully before investing. An investment in a variable insurance product involves investment risk, including possible loss of principal. Variable insurance products are designed for long-term investing. The contract, when redeemed, may be worth more or less than the total amount invested. Variable insurance products are subject to insurance-related charges including mortality and expense charges, administrative fees, and the expenses associated with the underlying sub-accounts. The prospectus, which contains this and other information about the variable insurance product, can be obtained directly from the company or from your financial professional. The prospectus should be read carefully before investing or sending money.