A Financial Professional for Life Insurance in PA, NJ, DE, MD, IL, DC & FL
My name is Glenn Eckstut, and I am a financial professional who specializes in customizing life insurance policies for people in Pennsylvania, New Jersey, Delaware, Maryland, and Florida to meet their individual needs. My extensive experience in designing investment portfolios provided me with a foundation for success in combining life insurance, disability insurance, and long-term care insurance fit to achieve your unique financial goals. Through the years, I have worked as a Financial Advisor for major banks such as Wells Fargo and KeyBank (formerly First Niagara Bank) executing investment programs and carving the roadmap for my clients’ retirement portfolios.
My motivation for becoming an independent life insurance specialist stems from my desire to help my clients alleviate much of the financial burden that is associated with the loss of a loved one. Recently marrying the love of my life and starting a family of my own has also propelled me to go the independent route. My personal and professional experiences have solidified my passion to help families evade financial struggles.
What makes me stand out is that the people I work with are more than just numbers. I build lasting relationships, I listen, I educate, and I treat each individual client as family. As a life insurance expert, it gives me great satisfaction to help ensure that each individual I help is protected, economically stable, and prepared for what the future holds.
Won’t knowing that your family is protected in the event that something happens to you add a sense of relief? Let me show you how to help protect yourself and the ones you love. I look forward to your business and I hope to further your financial goals through my dedication and experience.
Investing in Permanent Life Insurance
Everyone can benefit from owning a permanent life insurance policy. While death benefit is the primary reason to purchase life insurance, there are so many benefits that are overlooked:
- A major benefit of permanent life insurance is that it builds cash value. Unlike normal retirement plans, there is no age restriction for when you want to take a distribution from the cash value. By taking a loan against the cash value, the distribution could be tax-free. When borrowing from your cash value, this will reduce the cash value and death benefit. Some reasons to take distributions are for things such as: college funding, a down-payment on a new home, purchasing a new business, and retirement income.
- Another benefit of permanent life insurance is that it can last you your entire life as long as the required premiums are paid.
- With certain permanent life insurance policies, such as whole life insurance, the premium stays the same throughout your lifetime. While term insurance can initially provide a lot of coverage and many times at a cheaper rate, once the policy expires you lose the protection or have to pay a much higher premium for the same amount of coverage.
- Some permanent life insurance will allow you to add on an Accelerated Benefit Rider (ABR). The ABR rider gives you the flexibility to accelerate some of your death benefit into a living benefit. This could be beneficial if you develop a chronic or terminal illness. You can use these funds for things like medical care, home modifications, or other expenses.
When it comes to preparing for the unexpected, you need a licensed financial professional that you can depend on. I work with clients in Pennsylvania, New Jersey, Delaware, Maryland, and Florida, and I’m committed to helping you choose the permanent life insurance solution that fits you and caters to your distinct needs. For more information, please contact me today.
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A Variety of Options
I work with numerous companies to find the best solution for all your insurance needs.