Boca Raton, Florida – (Newsfile Corp. – June 22, 2022) – Singer Wealth, an independent financial services company that advises investors and helps them create growth and income strategies, has unveiled its new strategy for those who want to to keep your money both safe and liquid. The company announced that it uses no-load life insurance contracts that provide investors with low-risk funds to achieve growth, while being able to withdraw funds at any time.
As US inflation escalated to about three times the Fed’s 2% target after reaching a 40-year high in May, it introduced significant risks for investors. The consumer price index rose 8.6% in May compared to last year, the highest increase since 1981. Previously, banks’ interest rates would have coincided with inflation; now bank interest rates remain low while inflation continues to rise. Singer Wealth’s insurance strategy offers investors a sure way to protect their assets in the face of this high inflation.
The no-load life insurance contract is characterized by zero fees, which are deducted from the value of the account for starting or servicing the policy; by comparison, traditional insurance contracts often have initial charges and additional handover fees. Singer Wealth uses these contracts not only for these reasons, but also for the low risks presented compared to investing in bonds or stocks.
The directors of Singer Wealth emphasize that the benefits of non-encumbrance contracts include the fact that there are no additional transmission fees and the money is completely liquid. In addition, no-load contracts have a minimum guaranteed interest rate of 2.5%, while insurance costs are usually around 1.5%; therefore, investors can be confident that they will make 1% no matter how well the economy develops. Singer Wealth emphasizes that, unlike bank accounts, with no-load life insurance contracts, investors are taxed only when they spend the money, not on an annual basis.
Singer Wealth’s strategy can also protect clients’ finances against today’s stock market volatility. The bear market was recently confirmed after the stock market fell by more than 20%. With no-load life insurance contracts, each year starts anew; this means that investors see zero additional interest in negative years. However, each year starts from scratch at the level of closing the index; therefore, unlike actual equity investors, account holders do not need the index to return to previous levels before making money again.
The tax-exempt death benefit was also cited by Singer Wealth as a motivating factor for using the strategy. This means that all funds are delivered tax-free to someone’s heirs at the time of death. In addition, one in five 65-year-olds in America will need long-term health care for more than five years. In addition to the other benefits mentioned above, these contracts provide an additional fund of funds that you can access tax-free in case you need long-term care.
As Keith Singer, owner of Singer Wealth, emphasizes, “Bonds have both credit and interest rate risks. For example, by mid-June 2022, the 20-year treasury bond had fallen by more than 25%. Obviously, stocks can have significant investment risks and are unsuitable for the part of the assets that must be safe and liquid. Singer Wealth’s decision to encourage customers to invest in no-load insurance contracts is motivated by the fact that they offer very minimal risk, such as at the same time, they provide a great opportunity for safe, long-term growth in today’s challenging economic climate. “
Name: Keith Singer
Email: [email protected]
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