The “un-fun” part of financial planning takes care of your loved ones the most.
Life insurance is the single most overlooked piece of Veteran’s financial plans.
Why? Veterans are satisfied with their Servicemembers’ Group Life Insurance while on active duty. There is an assumption that the Veterans’ Group Life Insurance option available to Veterans once out of uniform is just as good an option.
Not so fast. The devil is in the details. Most civilians know that life insurance is a product best bought earlier in life for a reduced cost over time. Veterans fail to maximize long-term savings due to receiving SGLI as part of service.
Here is the rub for Veterans. VGLI increases in cost every five years. For Veterans in good health, civilian life insurance policies that seem more expensive now may not be in the future. In fact, the cost difference we have seen for those carrying VGLI instead of civilian term life insurance policy into their 60s is a net loss of tens of thousands of dollars. 1
There is no better time to get smart about life insurance than now. VIP exists to help you and your family develop a financial plan that allows you to retire well with peace of mind.
Investing in Veterans Spotlight
A monthly look at Veterans adding value to their communities.
William “Bill” Kieffer
Military Transition Advisor and Executive Coach
Bill Kieffer is a former Army officer turned human resource expert dedicated to assisting service members with their transition from active duty service to a rewarding civilian career.
Bill applies experiences gained as the senior talent management professional for five multi-billion dollar companies into the veteran career transition and executive coaching space for our military. He is the chief advisor for Kieffer and Associates Limited, a transition coach for the Special Operation organizations The Honor Foundation and Ranger for Life, and an advisory board member for Law Enforcement Connect.
His first book, Military Career Transition, was an Amazon best-seller in its category. Bill’s second book, Veteran Career Journey, co-authored with Army Ranger veteran David White is available on May 26.
Learn more about Bill at Kieffer and Associates Limited.
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Rockport’s VIP April Market Analysis:
The markets had another positive month but there is reason to proceed with a cautious tone.
Adam Stalnaker and Joe Kovach
Owners, Rockport Wealth Advisors
Securities offered by Registered Representatives through Private Client Services, Member FINRA/SIPC. Advisory products and services offered by Investment Advisory Representatives through Rockport Wealth LLC, a Registered Investment Advisor. Private Client Services and Rockport Wealth LLC are unaffiliated entities.
Investments in securities do not offer a fixed rate of return. Principal yield and/or share price will fluctuate with changes in market conditions, and when sold or rendered, you may receive more or less than originally invested. No system of financial planning strategy can guarantee future results. Investors cannot directly invest in indices. Past performance does not guarantee future results. The performance numbers we mention are indexes. If you’re a client, we manage a custom portfolio for your particular situation and the performance will be different.
1 Based on younger male or female non-smokers in a Preferred health rating. You should do your own comparison and analysis based on your specific circumstances before making any decisions or changes to your insurance.
*The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. Results can be found at slickcharts.com.
*Treasury yields can be found at finance.yahoo.com.
*Charts produced at yCharts.com
*Bonds can be found at https://www.bloomberg.com/markets/rates-bonds
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