Patrick Davis Financial
How Can We Help?
Our mission is to make the families we protect and the families of our agents our number one priority. Trust and loyalty is not given it is earned and all of us will give everything we have to earn it with our clients and our agents.
Disability income Insurance protection
Your income is one of your most valuable assets. It allows you to maintain your standard of living, pay bills, save for the future and enjoy life’s simple pleasures. In short, your income provides the foundation for life as you know it. Have you considered what would happen if you couldn't work to earn your income?
Mortgage protection insurance
Purchase a term life insurance policy for at least the amount of your mortgage. Then, if you pass away during the "term" when the policy’s in force, your loved ones receive the face value of the policy. They can use the proceeds to pay off the mortgage. Proceeds that are often tax free.
Actually, the proceeds from your policy can be used for any purpose your beneficiaries choose. If your mortgage has a low interest rate, they may want to pay off high-interest credit card debt and keep the lower-interest mortgage. Or they may want to pay for home maintenance and upkeep. Whatever they decide to do, that money will come in handy.
Retirement Planning through life insurance
Though today’s financial marketplace can be precarious and change quickly, whole life insurance has remained a stable part of a financial plan that can combine three guarantees – death beneļ¬t, fixed premiums, and cash value – into one powerful and effective asset.
Whole life insurance can be an excellent foundation for a strong financial plan because of its many advantages, including simplicity, predictability and guarantees.
Annuity Transfers
What is an annuity? It is a transfer of risk contract that life insurance companies issue. Not all annuities are the same. The type of annuity you own will dictate what it contractually solves for. Some solve for lifetime income. Some solve for principal protection.
If you own an annuity inside of a Traditional IRA, the transfer is from one retirement account IRA to another retirement account IRA. It is a non-taxable event.
Even though any money coming out of an IRA will be taxed as ordinary income levels, transferring an annuity from one IRA to another will NOT trigger any taxes at all.
About Me
In 2002 I entered the financial services field as a life insurance agent and field underwriter in the metro Atlanta area. I have over 600+ documented hours of classroom time and continuing education courses in the field of financial planning I engage in public discourses for various groups and organizations. I am a writer and a former newspaper columnist for subjects on financial matters. My wife Janet and I live in Conyers Georgia and enjoy traveling and the arts. I play golf as often as my schedule permits and I am a decent cook, too.
My staff and I are here to serve you and your family, and to answer your coverage questions. We will do a free policy review for you and if we can help improve your coverage and or save you some money, we will. Our motto is: "Do no harm."