Lucia Capital Group offers insurance solutions through our affiliated firm, Lucia Insurance Services. Through our affiliation with Lucia Insurance Services, we are able to offer policies and products from highly rated insurance providers across the spectrum of life insurance, long-term care insurance, disability insurance, and annuities.
Lucia Insurance Services team members work closely with Lucia Capital Group financial advisors to identify and implement strategies for our clients through the following:
Clients of Lucia Capital Group have access to many forms of insurance including the following:
Since there are many choices and strategies for life insurance as part of a coordinated financial plan, we recommend a complimentary life insurance needs analysis. After your complimentary analysis, we will make appropriate recommendations for your specific situation.
Traditional fixed annuities offer clients a fixed, guaranteed return and provide the potential for higher returns based on the interest crediting method. Multi-year guaranteed annuities offer clients a fixed interest rate for a period of multiple years.
Traditional fixed annuities offer clients a guaranteed first year rate of return, a guaranteed minimum rate of return, and a renewal rate each year depending on interest rates.
Equity-indexed annuities offer clients a minimum guaranteed interest rate and credit interest based on a crediting method usually determined by an underlying index, such as the S&P 500.
Annuities are long-term vehicles designed for retirement. Principal and interest guarantees are based on the claims-paying ability of the issuer subject to their terms and conditions. Keep in mind that if you take your money out early you may have to pay surrender charges and, if you’re younger than 59½, an additional 10% tax penalty. Naturally, if you take an early withdrawal, your death benefit and the cash value of the annuity contract will be reduced.
Equity-indexed annuities don’t directly participate in stock or equity investments. Withdrawals or surrenders before the expiration of an indexed period will result in no index participation for those amounts. Failure to maintain the contract until it matures may result in no participation in the equity index, and actual returns may be less than the return of the linked index—possibly even negative if you surrender any of the contract before the expiration of any applicable surrender charge period.
Disability insurance pays benefits when the insured is unable to earn a living due to sickness or injury. Like all insurance, disability income insurance is designed to protect against financial disaster.
Most disability policies pay a benefit that replaces some part of the insured’s earned income when he or she is unable to work. The chances of being disabled for longer than three months are far greater than the chances of premature death.
Life expectancy is greater today because medicine has made many illnesses and injuries less life threatening. This is good news, but it does increase the need to protect your income with disability insurance.
Long-term care (LTC) insurance is a contractual arrangement that pays a selected dollar amount per day for a selected period of time for skilled, intermediate, or custodial care in nursing homes and/or home health care.
Because Medicare and other forms of health insurance do not pay for custodial care, many residents of nursing homes have only three alternatives for paying their nursing home bills: their own assets, Medicaid, or long-term care insurance.
Long-term care refers to a range of medical and personal services that provide ongoing care for people with chronic disabilities who have lost the ability to live independently.
The risk of contracting a debilitating illness (and the resulting medical bill) is usually one type of risk best assigned to an insurance company through the purchase of a long-term care insurance policy.
Lucia Insurance Services is licensed to offer insurance products (life, disability, long-term care, and annuities) in the following states: Arizona, California, Florida, Maryland, Minnesota, New Jersey, Nevada, Oregon, Pennsylvania, and Utah.
Lucia Insurance Services is under common ownership with Lucia Securities.
All guarantees are based on the claims-paying ability of the issuer, subject to their terms and conditions.
The S&P 500 Index is comprised of 500 of the largest companies in leading industries of the U.S. economy. An investment may not be made directly into an index.