Providing Life, Health, Dental, Medicare Insurance,
Annuities & Section 125 Health Plans
Local Home-Based Small Business
Serving Eastern North Carolina
Contact by Phone (Voice or Text): 252.903.6389
Contact by Email: taylorted58@gmail.com
Follow Me On Facebook: @tedtaylorinsurance
At Ted Taylor Insurance, I understand life is filled with important decisions, and insurance shouldn't add to the stress. Operating as a home-based insurance agency, I prioritize personalized service, helping you confidently make informed choices. My commitment is to protect what matters most to you and your family.
Services Provided:
Life Insurance
Protect your loved ones with life insurance tailored to your family's needs. We offer a range of life insurance plans, from term to whole life, ensuring a safety net that gives peace of mind and financial stability in the future.
Health Insurance
I want you to know that health coverage is essential; I'm here to guide you through your options. Whether you're an individual or a family, I offer comprehensive health plans that prioritize your well-being, helping you access quality care when needed.
Annuities
Secure your financial future with an annuity option. I provide strategies that allow you to accumulate savings and create a steady income stream in retirement so you can confidently enjoy your golden years.
Dental Insurance
Take care of your smile with our dental coverage plans. From routine check-ups to advanced procedures, I ensure you can access dental care that fits your needs and budget.
Medicare
Navigating Medicare can be overwhelming. I simplify the process by helping you select Medicare plans, including Part A, Part B, Part D, and Medicare Advantage options, ensuring you have comprehensive health coverage in retirement.
Section 125 Health Plans
My Section 125 plans, also known as “cafeteria plans,” offer a flexible, cost-effective solution for employers looking to provide tax-advantaged benefits. These plans allow employees to set aside pre-tax dollars for medical expenses, reducing taxable income and making healthcare more affordable.
Why Choose Ted Taylor Insurance?
As a home-based insurance provider, I take the time to get to know each client, focusing on personalized service and convenience. With experience in the insurance industry and a commitment to ongoing education, I stay up-to-date on the latest policies and regulations to provide reliable, trustworthy guidance.
Annuities offer a range of benefits, particularly for those looking to secure steady income in retirement or diversify their financial portfolio. Here are the primary advantages:
Guaranteed Income for Life
Annuities provide a reliable income stream, often with the option to receive payments for life. This can ease financial worries, especially during retirement, by ensuring you don’t outlive your savings.
Tax-Deferred Growth
Funds invested in an annuity grow tax-deferred, meaning you don’t pay taxes on gains until you withdraw them. This allows your investment to compound faster than a taxable account, especially over the long term.
Flexibility and Customization
Annuities come in various types—fixed, variable, indexed—that can be customized based on your risk tolerance, time horizon, and financial goals. This flexibility can help you align the annuity with your specific needs.
Protection from Market Volatility
Fixed and indexed annuities protect your principal from market downturns, which can be ideal for individuals seeking more stability, particularly close to or during retirement.
Legacy Planning
Many annuities offer options for leaving a death benefit to beneficiaries, allowing you to pass on any remaining funds to loved ones if you pass away before fully utilizing the annuity.
Longevity Insurance
Some annuities are designed specifically as longevity insurance, providing a payout if you live past a certain age. This type of annuity protects against the risk of outliving your assets, ensuring coverage even in the later years of life.
Optional Riders
Annuities can include optional riders, such as long-term care riders or inflation protection, that help customize your plan based on anticipated needs. These riders offer additional coverage in exchange for a higher premium.
No Contribution Limits
Unlike other retirement accounts like IRAs or 401(k)s, annuities have no annual contribution limits, making them suitable for individuals looking to invest more significant amounts for retirement.
Life insurance offers families peace of mind and financial security, with several key benefits designed to protect in times of need. Here’s how life insurance can support families:
Income Replacement
Life insurance provides a safety net, replacing lost income if a family member dies, especially a primary earner. This ensures that essential expenses, such as mortgage payments, bills, and childcare, are covered.
Debt Protection
Life insurance helps families manage debts, such as mortgages, car loans, or personal loans. It can also ease the burden on surviving family members by keeping them from inheriting outstanding financial obligations.
College and Education Funding
The proceeds from a life insurance policy can be set aside for children’s education, ensuring they have the resources for college, vocational training, or other future pursuits, even if a parent is no longer around to contribute.
Funeral and End-of-Life Costs
Funeral and burial expenses can be a significant burden. Life insurance often helps cover these costs, which can ease the financial stress on loved ones during an already difficult time.
Legacy and Inheritance
Life insurance allows families to leave a legacy or inheritance, helping loved ones achieve financial goals, purchase property, or build their own wealth. This can provide a head start for the next generation and create lasting family wealth.
Peace of Mind
For many families, life insurance brings invaluable peace of mind, knowing that even if the unexpected happens, their loved ones will have financial stability. This security can make all the difference in helping families plan with confidence.
Estate Planning and Tax Benefits
Life insurance can be a useful tool in estate planning, often allowing beneficiaries to receive the death benefit free of federal income tax, which can provide tax-efficient support when families inherit assets.
Affordability and Flexibility
Life insurance policies can be tailored to fit different budgets and needs, from term policies that cover a set period to whole life policies that build cash value over time. This flexibility makes it possible for families to find a plan that aligns with their specific goals.