Insurance Planning

Insurance Planning

Insurance Planning for the Unexpected

Life Insurance provides for your spouse, children, and other dependents, upon your death. The amount and type of life insurance you need is dependent upon your specific situation. The factors your financial advisor will consider include your current salary, the number of children you have and their ages, your current salary, your financial obligations, and your lifestyle. There is no cookie cutter solution to determining the amount of insurance needed or the type of insurance. Permanent life insurance has a cash value that can be borrowed against and can be cashed out by surrendering the policy. Term life insurance costs less, but is only in effect for the specified term of the policy. Many families choose to have a combination of permanent and term.

You may also consider purchasing long-term disability insurance if your employer does not offer it or if your employer’s long-term disability plans might be inadequate to cover a true long-term disability. Your 360 Financial Advisor will look at your complete situation and work with you to create a plan that works for you. With the myriad of life insurance options, it’s comforting to know that you have an advisor who understands the big picture and can take care of the details.

To schedule an appointment with Carl Strozyk, please call us today at 410.893.2100 or submit the brief form below and we'll contact you directly.

Carl Strozyk

"Thank you for your interest in 360 Financial Group. I look forward to learning more about your business goals."

-Carl Strozyk, President

 

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News You Can Use

News You Can Use

i95 Business Highlights Carl Strozyk and 360 Financial Group as Harford County Business Leader

i95 Business Highlights Carl Strozyk and 360 Financial Group as Harford County Business Leader

8/9/2017 12:00:00 AM EDT
4 months ago

As part of its August issue, i95 Business shined a spotlight on Harford County business leaders, and Carl Strozyk of 360 Financial Group is honored to be chosen.

Click here to see the full article on page 49: http://i95business.com/2017/08/partners-financial-journey/

Can I roll my traditional 401(k) account balance over to a Roth IRA?

Can I roll my traditional 401(k) account balance over to a Roth IRA?

7/20/2017 12:00:00 AM EDT
4 months ago

Yes, you can make a direct or 60-day rollover from a 401(k) plan [or other qualified plan, 403(b) plan, or governmental 457(b) plan] to a Roth IRA, as long as you meet certain requirements.*

First, you must be entitled to a distribution from your plan. While you can always access your account when you terminate employment, in some cases you may be able to withdraw your own ...

What is a rollover IRA, and do I need one?

What is a rollover IRA, and do I need one?

7/17/2017 12:00:00 AM EDT
4 months ago

Generally, the term "rollover IRA" refers to an IRA that you establish to receive funds from an employer retirement plan like a 401(k). A rollover IRA is also sometimes referred to as a "conduit IRA."

When you roll funds over from an employer plan to an IRA, your financial institution may suggest that you use a rollover IRA to receive the funds. Of course, you can transfer those dollars ...