Welcome.

Aaron Burns

800.487.8625

I’m Aaron Burns. During my career working with baby boomers and retirees, I’ve learned that flexibility is key to the success of any retirement plan. Circumstances and lives change, unexpected emergencies happen. Your plan must meet such needs.

At the same time, you should prepare for your “escape”—your opportunity to leave the working world behind and be financially able to do what you want to do. You’ve made it to this point, so you may have many years left to do something fun.

Helping you accomplish your goals is my calling. I’m licensed with the states of Oregon, Washington, Nevada, California, and Montana for Life and Health products. I have been in business since 1975 and hold the Certified Life Underwriter designation.

Life Insurance

For many individuals, life insurance is a valuable, often critical (and often misunderstood) tool in developing an effective and efficient retirement plan.

Life insurance can be used for many purposes including:

  • Payment of estate taxes
  • Creating an estate legacy
  • Equalizing inheritances
  • Income planning including pension maximization
  • Charitable giving
  • Funeral expenses

Life insurance products may allow you to leverage small premium amounts into much larger death benefits for the protection of your beneficiaries or heirs. In fact, life insurance can create an immediate estate for multiple purposes, and it is one of the few products you can purchase today at a lower cost than 10 years ago (depending on insurability and product type).

As medical expenses and healthier lifestyles have extended life expectancies, the cost of life insurance has declined. Inexpensive term insurance has allowed many, particularly younger, consumers to effectively protect their beneficiaries’ life styles and needs.

If you are a baby boomer who purchased term life insurance during your working years, you probably have realized that as you approach retirement, term insurance is becoming more expensive at an accelerated pace. Additionally, you probably have to establish insurability every time your term insurance comes up for renewal. As we age, health issues become more common making life insurance more expensive and in some cases unattainable.

A complete retirement planning program must understand these challenges and opportunities, and contemplate the needs of your beneficiaries, and heirs and your personal goals.

For a complimentary, no-obligation review of your current life insurance program or retirement life insurance needs, call our office today. We may be able to help cut your costs or increase your coverage.

Term Insurance

Sometimes referred to as temporary insurance, this product provides you a specific coverage at a specified price for a specific period. If you die during the term, your beneficiary receives the coverage value. At the end of the term, coverage stops and you must qualify for new coverage based on your then-current age and health. There is no cash value component to these policies and coverage can be costly at older ages.

Whole Life

Whole Life is considered “permanent” coverage because you pay a specific premium for your lifetime and receive coverage for your whole life (benefits are paid to your beneficiary at your death). Premiums for Whole Life are higher than term insurance for the same coverage. A portion of the premiums are invested by the insurance company to help level your premiums for life and establish a cash value component to the policy. Cash values normally grow by a low guaranteed rate and may be supplemented by excess interest or dividends. A portion of the cash value may be available for use during your lifetime without significantly disrupting the death benefit component of the contract.  

Universal Life

Permanent life coverage provides that enough cash is available inside your life contract to cover all expenses associated with the life insurance coverage. The cash value is established through your minimum premiums, excess premiums at your discretion up to maximum limits,and earnings on your cash value. Earnings are created from interest credits on cash value in your contract above the amounts needed to pay expenses. Interest credits can either be declared by the insurance company or linked to an outside stock index such as the S&P 500. Contract death benefits are available with the cash value either included in the death or added to the death benefit.

A recent innovation in Universal Life contracts called No Lapse Universal Life allows you to pay a specific and guaranteed level premium for the life of your policy for a guaranteed death benefit. These contracts normally won’t build significant cash value but can be valuable tools for consumers at retirement age who need permanent coverage but don’t wish to fund more expensive cash value life insurance.

All products described above are offered through life insurance companies and should be reviewed with a life insurance professional. Company brochures, disclosures and illustrations should be reviewed thoroughly before purchasing life insurance coverage. Life insurance is subject to insurability, availability, and suitability through underwriting standards of each company.