Entrepreneur, Financial Planner, Insurance Broker, Pastor, Husband, Father, Friend
Decide what’s yours
Protect what’s yours
Rick Spinos
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![Business & Finance]()
Business & Finance
Click the link below to learn more about how insurance helps you protect the business assets your family depends on.
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Faith & Spirituality
Coming soon. Know what you believe about where you came from, why you are here and where you are going. Protect your faith.
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![Teamwork]()
Relationships
Protect your relationships. What you should know about protecting relationships with those you love and those you have partnered with.
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![Health & Fitness]()
Health & Fitness
Protect your health. Eat right, exercise. We depend on you to be fit. Your mind needs a healthy home. Protecting your health protects your wealth.
What's at Risk?
Without proper life insurance, you risk losing your business and leaving your family without financial security.
Unexpected expenses, loss of income, and inadequate retirement funds can create immense stress and hardship.
Comprehensive Life Insurance tailored for Small businesses
We offer life insurance policies that provide income replacement, mortgage protection, and financial legacy planning, all while building a retirement nest egg. Our goal is to ensure that pastors and church employees can focus on their mission without worrying about financial instability.
Meet Rick - Your Trusted Insurance and Financial Advisor
Rick, owner of the Spinos Agency, is dedicated to helping small business owners, bi-vocational employees and other professionals secure their financial future. With extensive experience and a deep understanding of the unique needs of the small business and bi-vocational community, Rick and his team are here to guide you every step of the way.
How it works:
Not sure what you may need?
Schedule a quick call and explain what you would like coverage to do for you and we can suggest your best options.
Not sure of the cost?
I help people affordably secure a prosperous future for themselves, employees and staff by ensuring their well-being and comfort in retirement.
Not sure if you are on track for retirement?
Helping small businesses, bi-vocational professionals and 1099 product and service providers build a strong financial foundation, safeguarding against unforeseen expenses and emergencies.
Why work with me?
I specialize in life insurance solutions that cater specifically to the needs of the small business and 1099 product and service providers as well as bi-vocational entrepreneurs. Our policies not only offer protection in the event of an unforeseen tragedy but also serve as a savings vehicle for unexpected expenses and a retirement fund. With our dedicated team of wealth consultants and life insurance specialists, we provide personalized service and ongoing policy management to ensure you always have the best coverage possible.
Flexible Pricing to Fit Your Needs
Simple term life insurance is the most affordable type of life insurance designed to provide financial protection for a specified period, or "term." Here are the key provisions:
Coverage Duration: Term life offers coverage for 10 to 40 years. If the insured person dies within this term, the policy pays out a death benefit to the beneficiaries.
Death Benefit: The death benefit is a predetermined sum paid to the beneficiaries upon the policyholder’s death during the term. This benefit is tax-free and can be used for various financial needs such as funeral costs, mortgage payments, or education expenses.
Premiums: Premiums for term life are generally fixed for the duration of the term, meaning they do not increase as the insured ages or if their health condition changes.
No Cash Value: Unlike whole life or other permanent life insurance policies, term life insurance does not accumulate cash value.
Whole and universal life insurance is permanent coverage and include a cash value component. Here are the key provisions:
Lifelong Coverage: Both whole and universal life insurance policies offer coverage for the insured's entire lifetime, as long as premiums are paid.
Death Benefit: The death benefit is a guaranteed sum paid to beneficiaries upon the policyholder's death. This tax-free benefit can be used for various financial needs such as paying off debts, covering funeral expenses, or providing an inheritance.
Premiums: Whole Life: Premiums are fixed and remain level throughout the policyholder’s life. Universal Life: Offers flexible premiums, allowing policyholders to adjust their payments and death benefit.
Cash Value: Whole Life: Accumulates a guaranteed cash value that grows at a fixed rate. Policyholders can borrow against this cash value or surrender the policy for its cash value. Universal Life: Includes a cash value component that grows based on market interest rates. Policyholders can also borrow against or withdraw from the cash value.
Compare Plans
Premium cash accumulation life insurance is a type of permanent life insurance designed to provide not only a death benefit but also a substantial cash value component that can be used to fund retirement. Here are the key provisions beyond those of whole or universal life:
Cash Value Accumulation: The policy accumulates cash value over time, which grows tax-deferred. This cash value can be accessed during the policyholder’s lifetime and is a key feature for retirement planning.
Investment Component: The cash value is often invested in a variety of options, such as fixed interest accounts, equity funds, or other investment vehicles. The growth rate depends on the performance of these investments and the type of policy chosen
Loans and Withdrawals: Policyholders can take loans or make withdrawals from the cash value to supplement retirement income. Loans typically must be repaid with interest; otherwise, they will reduce the death benefit. Withdrawals can also decrease the cash value and death benefit.
Tax Advantages: The cash value grows tax-deferred, and policy loans are generally tax-free as long as the policy remains in force. This provides significant tax benefits compared to other retirement savings vehicles.
Retirement Funding: By leveraging the accumulated cash value, policyholders can create a source of income during retirement. This can be particularly useful for supplementing other retirement savings and providing financial security.
Get a free personalized life insurance assessment
Enhance Your Financial Future
We strive to offer comprehensive solutions for business owners and entrepreneurs.
We do so by combining life insurance protection with an optional savings vehicle for unexpected expenses and a retirement nest egg.
Together we will empower you for a prosperous future.
Connect with us today to see how we can help you.