Due to an increasing need for guidance on insurance planning, Davenport offers you the services of a highly experienced insurance specialist. We are pleased to be able to offer this needed insurance planning service to our clients. Now, we can assist clients in analyzing their needs for life, disability, and long-term care insurance and in presenting cost-effective solutions.
For interested clients, we can provide a complimentary analysis of insurance needs and review existing insurance policies to assure that a proper insurance plan is in place. Clients that have used this service tell us they have found it to be extremely beneficial.
Annuities allow an investment to grow over time on a tax-deferred basis. For clients seeking tax-deferral or lifetime income, we offer both fixed and variable annuities* from highly rated insurance companies and professional money managers.
* Variable Annuities are long-term, tax-deferred investments intended for retirement planning. Withdrawals of earnings and other distribution of taxable amounts are subject to ordinary income taxes, and if taken prior to age 59 1/2, an additional 10% tax penalty may apply. Fees and expenses for these products may be higher and the surrender period may be longer than contracts without these enhanced features and benefits. Variable annuities may not be appropriate for some clients. You should carefully consider whether the insurance company will reduce or eliminate death benefit features at certain ages. You should also consider if the issuing company forces annuitization.