Quest Financial & Insurance Services
- Special Services & Products
- Investment Vehicles
- Financial Planning
- Financial Issues
- Slide Presentations
- Sample Case Scenarios
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Special Services and Products
Quest Financial offers easy access to financial planners who objectively respond to financial questions and concerns.
Clients have access to free professional advice and services on how you may:
- Receive income you cannot outlive.
- Protect and preserve your estate.
- Enhance the amount of "wealth transfer" to beneficiaries at no additional cost.
- Reduce or eliminate paying taxes on Social Security income.
- Long-term care insurance at reduced or no cost.
- Review/update beneficiary designations.
- Eliminate or defer both income and inheritance taxes on certain account types.
- Earn gains tied to the market without any risk to principal.
- Receive a higher rate of return than with a Certificate of Deposit (CD) with safety similar to that of a CD.
Receive help on a multitude of issues including:
- Retirement Planning.
- College Funding.
- Life Insurance and Annuity Needs.
- Estate Conservation.
- IRA Funding and Stretch IRA's.
- Reverse Mortgages.
- Final Expense Insurance.
- Catastrophic Illness Planning.
- Income Planning.
A Variety of Investment Vehicles
Equity Indexed Annuities
An equity-indexed annuity allows you to benefit from potential gains when the stock market is up, but also prevents you from being penalized when it's down. Absolutely no risk to your principal account value as it is guaranteed by the contract.
Traditional fixed-annuity contract states you'll receive a guaranteed interest rate for a specified period of time with the ability to have a steady income stream for life.
Universal Life Insurance
Universal life insurance is permanent life insurance that is flexible and builds cash value.
The flexibility allows you to vary the amount of premium you pay and also change the death benefit while the policy is in force.
Your policy can build cash value that you may use when you need it most; for instance, to pay for your child's education or to supplement your income.
Long Term Care Insurance
Long Term Care, instead of being just medical treatment, gives you the assistance you need to accomplish non-medical activities of daily living, even if that assistance includes simply getting up in the morning or cooking a meal.
The supervision you require can be given in a Long Term Care Facility, such as a nursing home or assisted living residence, or a nurse or other care professional can visit your home. The degree to which your life needs some help can be determined, with a visitor coming to help you with the aspects of your schedule that give you the most difficulty.
Single Premium Whole Life Insurance
With Single Premium Whole Life you get a lifetime of coverage with only one single payment. This is a practical insurance policy for children and grandchildren - one that will help them take their first step towards financial security.
What Is Financial Planning?
Financial planning is the process of wisely managing one’s finances to achieve certain goals and dreams, while at the same time helping negotiate the financial barriers that inevitably arise in every stage of life. The financial planning profession exists to help people make those financial decisions and achieve their life goals. Financial planning includes the gathering of information relating to the financial health and well-being of a member.
Through an interview process, a member’s financial concerns and future goals are established. The information gathered is then analyzed and compared with the member’s stated goals.
From this comparison, recommendations can be made to help a client adjust their current financial behavior so that any gaps can be filled and/or any current plans can be altered to meet goals. Or, best-case scenario, it can simply validate the path they are currently on is the correct one.
Is Financial Planning Right For Me?
Whether you have very limited resources or a sizable estate, you can benefit from financial planning. Today, it is almost impossible for anyone not working in the financial field to keep up with the rapidly changing financial products, tax laws, and the volatile economy. You are given financial advice in articles, radio talk shows, and advertisements.
However, this information is often fragmented and not related to your total personal financial situation. Putting all this information together into a workable plan can be a daunting project for individuals.
We strive to explain your options in easy to understand terms showing how each option could affect you.
What are the Services to Expect from Financial Planning?
Financial Planners take the time to get to know you, your financial situation, your financial goals and your risk tolerance. When you work with us, you should expect to receive these services:
We will take the time to go through a full interview with you, asking questions to get to know your entire financial situation, your risk tolerance and your goals before setting up a customized financial plan or making any recommendations.
Help develop an asset allocation strategy
Once you have worked with us to determine your risk tolerance, we can help you allocate your money based on a mix of asset classes with varying degrees of risk that fit your time horizon and comfort level.
Advice on specific investments that match your goals
When you are comfortable with your financial plan and have determined an asset allocation strategy, we will then make specific recommendations on the types of products and investment vehicles that will best meet your needs.
Ongoing, regular check-ups
We will call on a regular basis to see if your financial situation has changed. If you have married, switched jobs, had a child or purchased a home, your financial plan may need to be adjusted to account for these changes. At least once a year, we will review your account with you and make any adjustments necessary to ensure your plan continues to meet your situation and goals.
What is the Personal Financial Planning Process?
The financial planning process can be thought of as a science, where a logical systematic process is taken to assist you in achieving your financial goals. Our primary focus will be to coordinate all areas of your total planning picture to achieve the highest level of outcome for all concerned - emotionally and financially.
1. Initial Interview: We will meet to discuss how our company will be able to impact your personal, family and business goals.
2. Data Gathering: As a first step towards working together, we spend time with you in a fact-finding interview. This conversation provides us with sufficient information to conduct an accurate analysis. We begin to discover more specifics about your goals and values, and your current financial situation.
3. Analyze and evaluate your financial status: We evaluate the data collected to gain a better understanding of your situation and your unique requirements in order to create your financial plan. It is at this time that determinations are made if you can meet your stated financial goals and objectives. If you are unable to meet your goals then current problem areas will be identified that are hindering you in meeting these goals.
4. Recommending a Plan: This step simply involves meeting with us to discuss the analysis and plan recommendations. We determine the direction of plan development and prioritize issues to resolve. We are here to help you with the accomplishment of your goals in the way you desire and see fit. We will ensure that you understand and are comfortable with our recommendations.
5. Implementing the Plan: This step is crucial to ensure that the recommendations in Step 4 are put into action. At this time, you will have a solid understanding of what needs to be done to maximize the greatest impact on your desires, goals and dreams.
6. Monitoring the Plan for changes and progress: We conduct periodic financial reviews and maintain ongoing personal communications to keep you informed and involved. We also invite your input, encouraging you to keep us informed as any questions, concerns or significant financial developments occur. We may recommend investment adjustments when your situation or objectives change or when an opportunity arises that can further maximize your wishes and desires.
How do I start the Financial Planning Process?
Simply call us at our toll-free number.
Eliminating Financial Risk
Investment risk evaluation issues regarding market concerns, asset allocation evaluation, surrender charge issues, insurance vs. equity investments.
Financial security issues such as loss of control of assets, creditor concerns, equity/mortgage options and concerns, credit debt and budget issues, prescription and medical cost issues, cutting spending and maximizing savings concerns.
Retirement planning options and solutions, including return of premium life and long-term care products, equity indexed products that allow for growth potential without market risk, liquidity options and concern associated with various investment vehicles, annuities, IRA's, self-directed 401K's, equity indexed universal life products, etc.
Reverse mortgage information for clients over 62 or for the parents of younger clients including how they work and government and private information sites for getting more information (HUD, FHA, etc.).
College Tuition savings options such as IRS 529 Plans, Coverdale accounts, UGMA accounts and pre-paid college savings accounts and the up and down side to each, along with budget evaluation on how they apply to client's needs/wishes.
Financial planning options and access to qualified professionals that are provided by client’s financial services concern, with oversight by both State and Federal regulators, as well as in-office management personal.
Financial Stability - Not Outliving Your Income
Out-living your savings concerns are addressed by providing advice and products that allow clients to objectively evaluate products giving lifetime income options, along with discussion on alternate investments and the benefits, risks and costs of each option.
Limiting Tax Liabilities
Investment tax concerns such as capitol gains, stepped up basis, IRS exchange rules and laws, ownership issues, etc.
Tax updates and year-end tax advisory newsletter provided free, including outlining recent tax law changes of interest or concern to the clients.
Capital gains tax issues and advisory services.
Proper Medical Protection
Health Savings Options and other non-traditional cost savings options available under the Deficit Reduction Act, the Tax Payers Relief Act and IRS Code provisions and their application to client’s family. Medicaid B and Medigap concerns including private and public policy issues and various products available and how they fit the clients’s needs.
Dealing Effectively With Catastrophic Illnesses
Catastrophic illness/injury concerns including statistical evaluation of risk, lifestyle-risk evaluation, single vs. married/couple concerns, evaluation of family support options, home care issues, long-term care issues and solutions, cost analysis (both statistical and applied), insurance and other resource evaluation including private and public sector.
Long-Term Care Strategy
Long-Term Care concerns such as long-term care insurance, underwriting, alternate financial vehicles available with long-term care riders or investment multipliers, spend down, gifting, excluded assets, government assistance programs, home care issues, local, State and Federal agencies and regulatory bodies, private organizations providing support or referral contacts, etc.
Safeguarding Assets for the Benefit of Heirs
Legacy planning concerns such as tax deferred growth, maintaining control now without concerns upon death or incapacity, maximizing inheritance with insurance or investment products while maintaining liquidity, controlling distribution for minors, disabled or spendthrift strategies.
Life Insurance and Annuities for Estate Preservation
Life insurance concerns, solutions, and products available, their costs and benefits, risk evaluation, underwriting concerns, charitable gifting benefits, ILIT funding, conversion possibilities in light of the DRA and Medicaid spend-down.
Sample Case Scenarios
One big hurdle working with multiple products is the confusion that can occur when analyzing a clients needs and trying to match up the right product combinations. To simplify this process, Quest Financial has put together a series of “Case Scenario” sheets for utilization by our agents.
Combining multiple products into one plan of action can create some very electrifying benefits for our clients. Working with a variety of insurance products is very exciting as it opens up many new avenues Product combinations provide the ability to enhance a client’s assets 20-50% or more. Other product combinations can create 10 years of freed up cash to cover the cost of long term care or final expense insurance (or both).
The following case scenarios are used as an aid to assist our clients’ general understanding of “what the concept of combining products can do”. The case scenarios demonstrate the use of life insurance to enhance asset value as an alternative to long-term investing. The case scenarios also demonstrate how to free up cash to cover up to 10 years or more of final expense or long-term care insurance premiums. These case scenarios are generic in nature as actual product recommendations must be tailored to the suitability of each individual client while taking into account all of a client’s assets and financial goals.
Please select from the desired underlined scenarios which include a brief description:
The Equity Indexed Annuity Case Scenario reveals how the safety and security of an equity indexed annuity, where all principle is guaranteed, was able to drastically outperform the S&P 500 over the past nine years.
The Life & Bonus Annuity Wealth Enhancement Case Scenario demonstrates how a $50,000 investment may be immediately enhanced twenty-five percent to $62,517 through the use of life insurance. This enhancement can be utilized to pass increased tax-free wealth to beneficiaries and/or to offset losses from riskier investments in the market.
This Final Expense Insurance Enhancement Case Scenario displays how a $40,000 investment can free up cash to cover 10 years worth of Final Expense Insurance to provide for burial expenses. The original investment of $40,000 is immediately enhanced to $59,510 (a forty-eight percent increase!), freeing up $11,690 in cash to cover the Final Expense Insurance premium. This enhancement can also be utilized to pass increased tax-free wealth to beneficiaries and/or to offset losses from riskier investments in the market.
This Long Term Care Insurance Enhancement Case Scenario demonstrates how an $80,000 investment can free up cash to pay for 10 years worth of Long Term Care Insurance to cover nursing costs, whether in a nursing home or the comfort of your own home. This enhancement can also be utilized to pass tax-free wealth to beneficiaries and/or to offset losses from riskier investments in the market.
The Stretch IRA Case Scenario demonstrates how recent changes to IRS Guidelines can significantly increase the value of an IRA Account. In this scenario, a family was able to spread out their tax liability and increase their $100,000 IRA into a total of $411,307 worth of lifetime distributions.
Organization of America
Headquartered in Jacksonville, Florida
The Legal Maintenance Organization of America (“LMO America”) is one of Florida’s oldest legal expense insurance companies. Founded in 1984 and located in Jacksonville, LMO America has grown to become the premier legal maintenance organization serving members throughout Florida. Over 20,000 insured members have enjoyed the piece of mind that comes with being a LMO America Policyholder.
Since 2001, Quest Financial is proud to have enrolled over 10,000 Florida Residents into LMO America’s “NuLawyer Estate Plan”. These LMO America members and their families have reaped the rewards and benefits from services obtained through LMO America’s experienced plan attorneys.
Why LMO America’s NuLawyer Estate Plan?
LMO America, a regulated insurance company, provides members with an estate plan including a comprehensive Revocable Living Trust, plus many other additional estate planning documents for one convenient and affordable fixed price.
The Importance of "Estate Planning"
Estate planning is the creation of a definite plan for managing your wealth while you are alive, and distributing your assets after your death. An estate means all the assets of value you own, including real property, investments, insurance policies, personal property, and personal effects.
Unfortunately, a majority of Americans choose to do no planning. Experts report that 70% of all Americans have no written estate plan. Of those who have planned, most have created a simple will or rely on joint tenancy ownership of their assets to distribute their estate.
For the majority of people who do not have an estate plan in place, state law will dictate how their estates are to be distributed, and as you might imagine, the government's plan of distribution has no particular concern for the best interests of an individual or their family.
Many people could use legal help but do not seek lawyer services. According to a survey conducted by Leo J. Shapiro & Associates, for the American Bar Association Section of Litigation, seven in ten U.S. households (71%) report experiencing some event in a twelve month period that might have led them to hire a lawyer. The study indicated that for the consumer, legal services are among the most difficult services to buy. When it comes to hiring a lawyer, consumers feel uncertain about how to tell a good lawyer from a bad one. It is often unclear exactly what the lawyer will do for them and how much the lawyer will charge. So, over half of those who might need a lawyer say they do not plan on hiring one.
What is a Legal Plan?
Very simply, a legal plan is similar in concept to that of a medical plan. However, instead of having access to doctors for free and discounted rates, a legal plan provides access to lawyers for free and discounted rates. A legal plan lets a member talk to a lawyer whenever the member thinks he or she might have a problem, without fear of the cost.
With the proper legal advice, most problems can be avoided or quickly resolved. A legal plan can help a member find the right lawyer. By putting legal advice as near as the telephone, legal plans enable their members to prevent legal questions from becoming legal problems.
Sixty-five to eighty-five percent of all problems brought to lawyers through plans can be resolved through nothing more than advice and a small amount of follow-up. In addition, having a lawyer readily available gives people peace of mind.
Why LMO America?
Quest's "LMO America" Slide Presentation
With the astonishing costs for legal services today, many people and their families may significantly benefit from the discounted services that can be accessed through LMO America’s legal plan. LMO America’s legal plan is similar in concept to that of a medical plan. However, instead of having access to doctors for free and discounted rates, an Access Plan provides access to lawyers and many valuable services for free and discounted rates.
This slide presentation provides general information regarding challenges families may face, including incapacity, estate taxes, probate and estate administration costs and estate distribution to loved ones. The presentation also outlines information on how access to attorneys can be obtained without the fear of the cost!
Side by Side Comparisons
This page contrasts what families may experience with insufficient planning versus the benefits available through the LMO America Estate Plan Policy. The differences may be astounding for many families that take advantage of LMO America’s plan.
Quest Financial is committed to providing outstanding and quality customer service through a staff of professionals in our insurance services department. We are dedicated to faithfully serving our clients who have placed their trust in our company.
We make it easy for you to obtain the information you’re looking for such as:
- Policy Information
- Claims Support And Assistance
- Application Status Updates
Our insurance services department is available during regular business hours to assist our clients. You can contact us at 1-800-309-2365 for personal assistance between the hours of 7:00am and 4:00pm pacific standard time.
California (Corporate Headquarters)
3176 Pullman Street
Costa Mesa, CA 92626
2325 Ulmerton Rd.
Clearwater, FL, 33762
4460 44th Street SE
Grand Rapids, MI
3105 S. Martin Luther King Blvd., #326
5675 Feder Rd.
630 Freedom Business Center
King of Prussia, PA
665 Rodi Road Suite 302
Welcome to Quest Financial
Quest Financial exists to provide professional, personal service and recommendations in the best interests of its clients. Quest Financial works in unison with other advisors, including attorneys, tax specialists, and consulting firms. The result of this teamwork is a professionally designed program that matches each client’s needs. Clients are also entitled to services at an ongoing basis after initial services have been provided.
Today, individuals are faced with many financial concerns:
v preparing for retirement
v planning for the passing of one's estate
v supporting an aging parent.
Individuals are also confronted with an ever-growing number of investment and insurance products and services. The need for competent, objective, financial guidance has never been greater. Quest Financial’s primary responsibility is to provide programs that address client’s needs and concerns as well as being there to service those clients when called upon.
Quest's Financial Planners take the time to get to know you, your financial situation, your financial goals and your risk tolerance. When you work with us, you should expect to receive these services:
v Personal attention which includes a full interview to access your risk tolerance and goals
v Help developing an asset allocation strategy
v Advice on specific investments that match your goals
v  Ongoing, regular check-ups to make any adjustment necessary to ensure the financial plan continues to meet the client's goals.
….preserving your past,
protecting your future!