July 29, 2015


The sound of contributing to an account, until age 70.5 in most cases, to receive guaranteed payouts in retirement regardless of stock market fluctuations was attractive to more Millennials than any other age group. 

52% said they were somewhat or very interested in that kind of product.

A lot of Millennials had parents or grandparents who lost a third or more of their retirement savings creating a real mistrust about investing in the stock market.

Indexed annuities have become more popular in recent years as investors sought safety from stock market fluctuations and corrections.

Annuities still are mostly sold to older Americans but the average age has dropped from 64 to 62.

There are different types of annuities but generally they are a contract between you and an insurance company whereby that company agrees to pay you a certain amount of money throughout retirement.

You can start receiving money immediately by making a large lump sum payment at the beginning or payments from the annuity can be deferred if you put money in over time.

To see what an annuity can do for you, talk to your representative Ben Rosky.


Tips to Help you Protect (and increase) Your Retirement Income

July 28, 2015


When planning financially for retirement at any age, it must be considered, “How can I guarantee that my hard-earned, retirement assets will be there for me if an event occurs that causes a cash emergency or crisis?”  We can’t see everything on the horizon that is potentially a financial threat, but we can be prepared.

Are you prepared?  Most of us have insurance for automobiles, homes, boats, even jewelry; as well as health coverage for ourselves and our families.  We have policies for cancer, disability, long-term care, teeth, vision and on and on.

But many overlook the value of insuring their retirement, and most don’t really realize what a valuable role LIFE INSURANCE plays across ALL stages of an individual’s life.


Life Insurance is truly at the center of any sound financial plan for retirement.  If you don’t have a retirement plan, then there is no better time than the present.  Life insurance is the basic, tried-and-true financial solution to avert life’s risks because it provides security for your loved ones, and the ability to build up cash value.  In retirement, it can be used a tax-free source of income while you are alive.

How much life insurance does one need?  A simple formula is to carry a life insurance policy with a death benefit equal to the amount of your retirement assets.  Another approach is to determine how much income you would like to receive from the policy at some point in the future, and then design your plan around these goals.

Is there really a more important financial consideration than your retirement assets?  Isn’t the desire to retire the ultimate reason we work?  Yes, we work to put bread on the table and clothes on our backs, but also so that someday we will eventually be able to stop working.

If the protection of your retirement assets is at the top of your list of priorities, then a life insurance policy may be worth a look.  Contact L & A Services for custom retirement solutions that will give you peace of mind.

Getting Bit by Taxes?

March 26, 2015


Now is the time!  Don’t let the IRS bite you again for not making contributions into your tax-qualified IRA.  Reduce your tax liability and save for your own retirement by putting up to $5500 ($6500 if 50 years and older) into an individual retirement annuity offered by L & A Services, Inc.

This limit does not include rollovers from old retirement accounts, such as 401(k) plans, into your own personal retirement account.  Stop paying fees and start enjoying guarantees!

You only have until April 15th to make your 2014 contributions, so do not delay or you will miss out on this tax deduction.

Contact our office at 602-996-6010 if you would like to put more of your hard earned money in your own pocket, and less in the pocket of Uncle Sam.

L & A Builds New Relationships to Serve Clients Better

August 5, 2014

More Options!  You have a problem, we have a solution (or two)!MC900440379[1]

We are constantly on the look out for the best solutions for you, our clients. One size does not fit all, so it is important we align ourselves with the right resources to meet the diverse needs of our clients.

Recently, we established a few new notable relationships with high-quality companies providing a broad range of insurance benefit-related solutions. These new companies diversify our portfolio of options, including life insurance, benefits administration, compliance, and worksite benefits, giving us the ability to serve you better. These new relationships include:

Company AM Best Rating Niche
Guardian Life A++ Whole Life
Mass Mutual A++ Advanced Life & Disability
Transamerica A+ Worksite Voluntary Benefits
Colonial A Worksite Voluntary Benefits
Lincoln Financial A+ Annuities
TASC N/A Benefits admin & compliance (employer)
Allied Benefits N/A Self-Funding Benefits Administration
Crescent/Companion Life A+ GAP plans (Medical Bridge)

We have the right people in the right places to get things done for you in a quick and efficient manner.

There were also other companies that do not (or no longer) meet the needs of our agency or our customers. We have closed or refused relationships that were not helpful or no longer serving our client’s needs.

If there are any specific needs you have, let us know.  This is what we do…seek out and find your solutions!



Comparing CDs to Fixed Annuities

June 13, 2012

With all the volotility in the stock market these days, people are seeking a safe place for their retirement money.  Many options exist, but today we’ll just compare two common financial vehicles that guarantee preservation of principal.

If you’re looking for a secure place to put funds, certificates of deposit (CDs) and fixed annuities are common choices, especially for those seeking safety in relation to other investments.  It’s important to understand the differences between a CD and a single premium deferred annuity as they can look very similar.

Let’s compare a few features of each, as they have strengths and weaknesses that are very different.   Reviewing these against your goals and objectives will help you make a more informed decision:

Both a CD and a single premium deferred annuity, a particular type of fixed annuity, offer guaranteed fixed rates based on the length of term selected, with longer terms typically enjoying higher interest rates. Certain annuities have rates that are locked in for all years of their policy term; however, others can adjust up or down each year, while always providing a minimum guarantee.  One important advantage annuities have over CDs is their tax-deferred growth. Interest earned from CDs is taxable in the year the interest is earned, whether you take the interest out or allow it to accrue. Earnings from a deferred annuity accumulate tax-deferred and are not considered taxable income until withdrawn, if ever. This allows you to defer paying taxes on the investment until you decide, and enjoy the benefits of triple compounding interest.

Generally, fixed annuities provide a much greater rate of return than a CD.  Many offer a substantial bonus interest rate to encourage quick growth.  All annuities are insured by an insurance company, so it is important to select an insurance carrier with a high financial rating and long, stable history.  Your insurance agent will know what insurance companies can provide the greatest comfort of security.

Finally, and maybe most importantly, the end of the term options for distribution of funds from a CD and an annuity are very different. When a CD or fixed annuity matures, investors can withdraw those funds to place into another investment, or renew the policy for another term. Some annuities allow you the option to stay in the policy and continue receiving interest while no longer applying surrender charges, so you have access to your money, if needed. Annuities also provide the option for a payout over a number of years or a guaranteed lifetime income option, which CDs do not.

These are just a few of the factors to consider when making your selection between a CD and a deferred fixed annuity. Always consult with your tax advisor on the tax implications of any investment.

If you would like a complimentary review for your situation, please contact Ben Rosky at 602-996-6010.

Here is a fun, 2 minute video on the topic:

Some of this content provided via Comparing CDs to Fixed Annuities | AAA Arizona. 

Video courtesy of