InsuranceLife Insurance

Save for long-term goals and leave a financial legacy for your family

What is life insurance?

Life insurance today is much more than just a financial payout for your loved ones when you pass away. Life insurance is an important part of your overall financial planning. Delray Financial Group can help you compare all types of tax-deferred, customizable plans to help you protect and grow your wealth, pay for major events, and provide for your loved ones.

How to choose the right insurance plan:

Choosing a life insurance policy will depend on where you are in life, how long you want the coverage to last, and whether you want to use the policy as an investment vehicle or not. Our Life Insurance professionals can help you figure out what type of life insurance to get. We offer a full suite of competitive products from multiple insurance carriers to help you meet the financial needs for you and your family, including universal life, term, and whole life.

Life insurance can provide two types of financial benefits: death benefits for our loved ones and some policies include additional benefits for us while we’re living.

Death Benefits

First and foremost, life insurance is designed to pay a death benefit to our beneficiaries when we die. It can protect the financial future of those we love and who are dependent on us (our spouses, children and parents). Life insurance can also replace part or all of what we would have earned if we die unexpectedly.
Policy death benefits can provide funds to protect our families in ways like these:

  • help pay for food, clothing and other regular living expenses
  • pay off the mortgage on our house and other debts
  • provide funds to pay our children’s college and other educational expenses
  • pay funeral, medical and estate administration expenses

If we die unexpectedly, life insurance death benefits act like a kind of “financial safety net” to help maintain our families’ financial security. Life insurance death benefits provide cash that may help surviving members adjust to their new situation. These death benefits are usually Federal income tax free under the Internal Revenue Code.

Life insurance can help us during our life too

Additional Benefits

Some life insurance policies include additional benefits that policy owners may use during their lifetimes. Generally, these policies have cash surrender values. How much cash surrender value a policy has depends on many factors and varies from policy to policy.
The cash surrender values can enhance the policy owner’s financial position and provide financial flexibility in a variety of ways, including but not limited to:

  • provide funds to meet unexpected financial emergencies
  • provide supplemental retirement income
  • be used to pay hospital and medical costs in the event of chronic or terminal illness

Life insurance is a flexible financial tool that can strengthen our finances in many ways. It has the ability to help us during our life and to help our families when we die. It can protect our families and replace our future earnings if we die unexpectedly. Its ability to provide both death benefits and additional benefits makes it a versatile financial tool that can help us and our families during our life and beyond.
Cash value can be accessed by taking policy loans and withdrawals. Loans and withdrawals may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse. Get A Free Quote By Clicking Here

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 Universal Life

Taxes, Market Risks, and Fees




Grow and protect your retirement savings while you secure supplemental income for now or later.

What is an annuity?

An annuity is an insurance product that pays you periodic income payments in exchange for your premium payment. It can be used as part of your overall retirement strategy. Depending on the type of annuity, it may help you grow your retirement savings, protect your savings from loss, offer income for life, and offer death benefits to protect your beneficiaries.
How to choose an annuity

Make your choice based on how your needs match up to the features of the annuity. Do you need to grow your retirement savings or are you concerned with losing principal? Or both? Do you need income that starts now or in the future? Do you want to leave a legacy to your heirs? These are some of the questions to ask yourself to determine which annuity might work for you. Please contact us to help you choose from the many different products available to suit your financial needs.

Annuities come in many shapes and sizes geared toward consumers looking for growth, protection, income or a combination of these. At its most basic level, an annuity is an agreement where you pay a premium or premiums and the insurance company pays you a stream of income now or in the future, depending on the payout options available on the annuity you select. But annuities can be so much more than that.

Annuities offer various features depending on the type you select:

  • Give you opportunities to grow your money tax-deferred
  • Provide an income stream including one that you can’t outlive
  • Protect your assets from market fluctuations (fixed and indexed annuities only)
  • Provide a guaranteed interest rate for a period of time
  • Provide a death benefit for your beneficiaries

What’s your retirement need? An annuity could help you.

There are various types of annuities that can give you the benefits offered above:
Fixed annuites – guaranteed fixed rate of return
Index annuities – offer interest crediting strategies that are linked to participation in the increase, if any, of an index or benchmark with downside protection; living benefits may provide additional guarantees for an additional cost
Variable annuities – invest in variable investment options with unlimited upside potential and downside risk; living and death benefits may be available to provide guarantees for an added cost
Income annuities – immediate or deferred stream of income guaranteed for life

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Saving for Retirement Income

This five minute video will provide you with statistics and examples that will help you Save, Grow and Protect both your money and your assets


The annuity market is growing and changing to meet the evolving needs of consumers in a variety of retirement planning stages. Depending on where you are in your journey and your needs and goals—accumulation, lifetime income, protection—one or more types of annuities could be a good fit in your overall retirement plan.
This material is provided for general and educational purposes only; it is not intended to provide legal, tax or investment advice. All investments are subject to risk. We recommend that you consult an independent legal and insurance professional for specific advice about your individual situation.
The information herein is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Products and services offered through Kovack Securities’ Inc..
Neither Delray Financial Group nor Kovack Securities Inc.provide tax or legal advice. Please consult with your tax and legal advisors regarding your individual situation.
IRAs and other qualified plans already provide tax-deferral like that provided by an annuity. Additional features and benefits, such as contract guarantees, death benefits and the ability to receive a lifetime income are contained within the annuity for a cost. Please be sure the features and costs of the annuity are right for you when considering the purchase of the annuity.
Guarantees are based on the claims-paying ability of the issuing company.