Insurance and Annuities
Build Your Retirement and Protect Your Family
You have goals and a lot of things you’d like to do when you retire. Whatever your retirement plans are, to travel, teach or spend more time with family, you need a financial roadmap that’s going to let you do more of what you love. Planning for retirement is a marathon, with challenges and obstacles along the way. Learn how to navigate through the many choices available to you to win the race with the help of an experienced financial services representative. It’s never too soon to start planning your retirement.
Insured Assets Can Help Improve Your Retirement Outcomes.
Steven R. Block is an experienced financial professional and life insurance agent who wants you to make your retirement your own, with the resources to do what you love.
BlockWall Strategies, Inc. and New York Life can help you achieve your goals for a happier, healthier life after work.
If You Love Someone. If You Owe Someone. If You Want To Leave A Legacy.
Let's Connect!
What is an Annuity?
Annuities are a good way to protect your future and diversify your retirement savings, and generate a guaranteed income stream so you can maintain your lifestyle in retirement. Annuities provide an added layer of protection to outliving your retirement savings with a fixed income stream for a lifetime or a set time period. Annuities provide many benefits including income in retirement, the potential to grow your money, a death benefit for loved ones and tax-deferred growth.
Annuities can be purchased as either Fixed Deferred Annuities or Variable Annuities, each with unique benefits and considerations. All guarantees are backed by the claims-paying ability of the issuer.
Fixed Deferred Annuities
Single Premium Income Annuity (SPIA)
Fixed Deferred Annuities provide a steady, predictable approach to saving with stability and lower risk. New York Life offers annuities that guarantee your principal amount, regardless of market performance. A single premium income annuity (SPIA) provides guaranteed income with fixed payments, for your lifetime. The older we get, the more we appreciate guarantees. Learn more about steady retirement income that you can never outlive.
Variable Annuities
If you are interested in seeing your money potentially grow in the market, Variable Annuities** are long-term financial products that offer growth potential that comes with increased risk. We offer experienced retirement income planning services that meet your unique needs and goals. Within its variable annuities, New York Life offers a wide array of investment options with varying asset classes and styles from well-known asset management companies.
Your financial professional and life insurance broker will explain the many ways you can customize your annuity with add-ons, also called annuity riders, which are optional and available for additional fee. If you’re interested in a Variable Annuity, but have market volatility concerns, an accumulation benefit rider can protect your investment during the first policy year. A living needs benefit rider can give you access to your cash for unexpected needs without incurring a penalty for early withdrawal. There are fees, guidelines, limitations, restrictions and risks to consider with variable annuities. The underlying funds available through variable annuities are subject to market risk including loss of principal. Withdrawals or surrenders may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty.
We offer many options with Immediate Income and Deferred Income Annuities, so you choose how you earn in retirement with payouts catered to your needs.
Contact Steven R. Block at BlockWall Strategies Inc. to learn more about protecting your retirement savings and your lifestyle with lifetime annuity options.
Leave a Legacy of Love
& Financial Security
Do you know what your family would do without you?
Would they be able to pay the bills?
Keep the house?
Would they be able to pay the bills?
Life Insurance – Protect What
is Most Important to You
Life insurance protects your loved ones financially in the unfortunate event of your death. You can have peace of mind in knowing that your family would have life insurance proceeds to pay ongoing expenses or generate an income stream. Protect what is important to you with a wide selection of life insurance products to suit your particular needs.
Steven R. Block is an experienced life insurance agent with proven life insurance products to meet your specific needs.
Here are some life insurance investment options that we can discuss with you as we analyze your
needs and consider a comprehensive strategy to meet your goals.
Term Life
Term life insurance policies provide protection for a set period of time. This provides a simple way to begin life insurance with options to upgrade to a more permanent solution at a later time.
Whole Life
Whole life insurance gives you lifetime protection with cash value. Whole life insurance builds cash value that you can access, providing benefits and cash value when you need it. Whole life insurance can also include burial expense coverage and final expense insurance to provide financial relief in a time of death. Discuss your needs with us to determine what's best for you or your loved ones.
Universal Life
Universal Life is long term life insurance protection with the flexibility to adjust your premiums and benefits when needed, without building cash value.
Variable Universal Life*
Variable Universal Life gives you life insurance protection with a cash value that includes market-based growth potential. You’ll have the peace of mind of permanent protection and investment options with the potential to grow your cash value over time.
* Variable annuities and Variable Universal Life products are offered through NYLIFE Securities LLC (member FINRA/SIPC), A Licensed Insurance Agency. NYLIFE Securities LLC is a New York Life Company
** Investors are asked to consider the investment objectives, risks, charges, and expenses of a variable annuity carefully before investing. Both the product prospectus and the underlying fund prospectuses contain this and other information about the product and underlying investment options and can be obtained from your Registered Representative. Please read the prospectuses carefully before investing.y
