Term Life Insurance

The Dunamis Agency Term Life Insurance offers affordable protection.

You need term life insurance. A common misconception about life insurance is that it is a permanent need for each family. Many financial experts see life insurance as a tool to “buy time” until you accumulate savings – and not as a permanent fixture of your financial life. Term life insurance is generally much more affordable in the initial years to provide the right amount of coverage you really need for your family.

Many experts agree – that term offers the most income protection at an affordable price. You choose the term when you take out the policy, with common terms being 10, 20, 30 or 35 years. The best-term life insurance policies balance affordability with long-term financial strength.

• Term life insurance is attractive to young people with children because parents can obtain large amounts of coverage at reasonably low costs. Upon the death of a parent, a significant benefit can replace lost income.

• These policies are also well-suited for people who temporarily need specific amounts of life insurance. For example, the policyholder may calculate that by the time the policy expires, their survivors will no longer need extra financial protection or will have accumulated enough liquid assets to self-insure.

• Term life insurance is for a predetermined period, typically between 15 and 35 years. Term policies may be renewed after they end, with premiums recalculated based on the holder’s age, life expectancy, and health.

Do I Need Life Insurance?

If anyone is depending on your income or if you have obligations (debt, mortgage, etc.) that would fall to someone else to handle if you were to die, then the answer is, “Yes.”

Life insurance acts as a substitute for income. Have you ever calculated how much you’ll earn in your lifetime? Typically, over the course of your working years, the answer is usually “a fortune.” The potential risk of losing that earning power – earnings you’ll need to fund your family’s biggest goals like buying a home, paying for your kids’ education, reducing debt, saving for retirement, etc. – especially at the early or mid-point of those years, is what makes life insurance a necessity for most people.

The Dunamis Agency Difference

With the latest technology and underwriting process, we can offer clients an easier, straightforward, and convenient way to purchase term life insurance – all with the personal support of our licensed Representatives.

• Advanced technology can provide an underwriting decision with actual rates in real-time in many cases.

• Policies are written in plain language, so terms and conditions are easy to understand.

• Faster processing of applications.

• Receive personalized service from a licensed Dunamis representative from the comfort of your home or office.

Group Insurance Through Work May Not Be Enough

Many employers carry a group life insurance policy for their employees. If that’s the case for you, is it really necessary to own an individual policy?

Group insurance can play a role in protecting your family financially, but it’s only a small part of that protection. Group insurance typically only covers one to two years’ salary, is owned by your employer, and usually only covers you while you remain employed. If you leave that job or get laid off, your employer-sponsored coverage could end. With a Dunamis Agency term life insurance policy, you’re covered until age 95 and your policy remains in effect as long as you keep your premiums current.

How Much Life Insurance Do You Need?

If your family is like most, the answer to that question is probably more than you currently have. Ten times your annual salary is a good rule of thumb. Your Dunamis Agency representative can help you determine how much life insurance you need, and many other questions you might have about your household finances, with a Financial Needs Analysis (FNA).

When Should You Purchase Life Insurance?

People sometimes delay purchasing life insurance even though it exists to protect their loved ones’ well-being – and they do so for several reasons. Death isn’t something we like to think about. It’s uncomfortable to consider what could happen to those who most care about you. Some people have the mistaken belief that there’s no hurry. It’s always something they can deal with tomorrow. But none of us knows what tomorrow will bring.

The fact is that the younger you are, and the better your physical shape, the less expensive life insurance will be. And remember, this should not be an “Internet decision,” but a face-to-face (whether virtual or in-person) decision with an insurance professional to fully assess your insurance needs, answer your questions, and help you make the decisions you need to make to protect your family. Buying life insurance has never been easier – and the time to buy is now.

Retirement and College Planning

We help main street families invest for the future.

At the Dunamis Agency, we specialize in Retirement and College Planning Investments, guiding families and individuals to take confident steps toward financial security.

Our passion is serving hardworking, middle-income families with practical strategies that make investing simple, understandable, and achievable.

While many financial professional aren’t interested in working with the middle class, The Dunamis Agency, is committed to helping Main Street families save and invest for their short-term and long-term goals.

MUTUAL FUNDS

Mutual funds are an effective long-term savings vehicle. Mutual funds are a great way to “become an owner, not a loaner.” They give average families access to an investment vehicle with access to professional asset management*.

All investments involve risk, but your Dunamis Agency Representative can help you understand those risks and guide you to select mutual funds that match your investments goals and risk tolerance.

Dunamis Agency Investments’ Mutual Fund Providers:

• American Century Investments
• American Funds
• Invesco
• Fidelity Advisor Funds
• Franklin Templeton Investments
• Nuveen Funds
• Putnam Investments

Investors should carefully consider the investment objectives, risks, charges, fees, and expenses of any mutual fund before investing. This and other important information can be found in the fund prospectus and or summary prospectus, which may be obtained from The Dunamis Agency, or by calling the fund or by visiting the fund’s website. Please read each fund’s prospectus carefully before investing. Investing entails risk, including loss of principal. Mutual fund shares, when redeemed, may be worth more or less than their original value.

*Diversification does not guarantee a profit or protect against loss.

ANNUITIES

The Dunamis Agency offers four kinds of annuities products: variable annuities, index-linked variable annuities, fixed annuities, and fixed indexed annunities:

Variable annuities are long-term contracts between an individual and an insurance company. Variable annuities contain both investment and insurance features and are designed specifically for retirement.

Index-linked variable annuities track the rise and fall of the share prices of stocks included in an index, such as the S&P 500, but do not include dividends paid by those stocks.

Fixed annuities are long-term contracts between an individual and an insurance company. Fixed annuities provide a fixed rate of return that is guaranteed by the issuing company.

A fixed indexed annuity is a long-term contract between an individual and an insurance company. Fixed index annuities provide a higher rate of return than a fixed annuity, but the return is not guaranteed.

Dunamis Agency’s Annuity Providers:

• Brighthouse Financial
• Corebridge Financial
• Equitable
• Lincoln Financial

529 EDUCATIONAL SAVINGS PLANS

The Dunamis Agency offers 529 Plans for tax-advantaged investment accounts designed for education savings. 529 Plan accounts offer tax-free withdrawals and other benefits when used to pay for qualified education expenses. You can use a 529 Plan to pay for college, K-12 tuition, apprenticeship programs, and even student loan repayments. Any leftover funds can be used in different ways, including funding a Roth IRA.

The Dunamis Agency 529 Plan Providers:

• American Funds – College America 529 Savings Plan – Virginia
• Fidelity Advisors – Fidelity Advisor 529 Plan – New Hampshire
• Franklin Templeton – 529 College Savings Plan – New Jersey
• Invesco–CollegeBound 529 – Rhode Island
• J.P. Morgan Asset Management – New York’s 529 Advisor Guided College Savings Program – New York
• Nuveen – Scholars Choice College Savings Program – Colorado

BUSINESS RETIREMENT PLANS

The Dunamis Agency 401(k), 403(b) and 457(b) plan offerings are individual and employer-sponsored retirement plans that grant employees the opportunity to contribute a portion of their salary on a tax-deferred basis into investment vehicles, such as mutual funds and annuities.

The Dunamis Agency 401(k) Providers:

Preferred plan providers:

• ADP
• American Funds
• TruStage
• Empower
• Equitable
• Fidelity Advisors
• Paychex
• PCS Retirement
• July Services
• Voya

The Dunamis Agency 403(b) Providers (K-12 schools, colleges, churches, hospitals, etc.):

• Aspire
• Equitable
• Any of our approved mutual fund partners that have been approved as an investment option in a non-ERISA 403(b)7 plan

The Dunamis Agency 457(b) Providers:

• Aspire
• Equitable
• PCS Retirement

Investments in annuities are not FDIC insured or bank-guaranteed and may lose value. Guarantees offered in fixed annuities are subject to the claims paying ability of the issuing insurance company. Variable annuities are sold through The Dunamis Agency and are subject to market risk, including the possible loss of principal.

Variable annuities are sold by prospectus only.

All investments are subject to risk, including the loss of principal. It is important to remember that there are risks inherent in any investment and that there is no assurance that any money manager, mutual fund, asset class, style, or index will provide positive performance over time.

Investors should carefully consider the investment objectives, risks, charges, fees, and expenses before investing. This and other important information can be found in the product prospectus and/or summary prospectus, which may be obtained by calling the product provider or visiting the product provider’s website.