Joffrey A. Smith, CFP®, CLU®, ChFC®, LUTCF, PPC™

CONNECT

Address:

11 Foster St., Suite 200
Worcester, MA 01608

Phone:

508-749-0358

Fax/Other:

508-519-8565

Our Products

With the variety of life insurance and financial products we provide, we can help you meet a number of business and financial needs.

Please review the full range of products and contact us to help you fully analyze your needs and recommend appropriate solutions.
                                                   

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Giving You Access to a Wide Range of Investments

Part of the investment planning process is selecting investments that fit within your asset allocation strategy and working together to help you accomplish your investment goals. And because your goals and needs may be different from other investors, we're dedicated to providing the widest array of investment products to help you meet them.

We Offer Equity, Fixed-Income, & Alternative Investment Products

Whether you're looking for equity investments, fixed-income investments, or alternative investments, I can help you find the investment products that are most suitable for your situation, financial goals, investment time frame, and risk tolerance:

  • Stocks
  • Bonds
  • Mutual Funds
  • Exchange-traded products
  • Futures & Commodities
  • REITs
  • Traditional IRAs & Roth IRAs
  • 401ks
  • SIMPLE IRAs
  • SEP IRAs
  • Options
  • Unit investment trusts

We offer comprehensive products and services to help you develop a sound, long-term investment strategy. You can choose from over 10,000 mutual funds, including self-directed, tax-deferred Individual Retirement Accounts (IRAs). We also provide products to fund plans for companies of all sizes, ranging from SIMPLE IRAs to full-service defined contribution and defined benefit plans.


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Life Insurance - Many people think that life insurance is only for people with families. While it is true that life insurance can help provide for the needs of dependents, life insurance also can be an important part of a well-thought-out estate, business succession or charitable giving plan. And permanent life insurance offers many living benefits as well, such as tax-deferred cash value accumulation. For all of these reasons, life insurance can be important for someone starting out – or for someone who's starting over.

You can use the articles on this page to learn more about the various types of life insurance that are available.

  • Whole Life - Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.   
  • Term Life - Term Life policies provide coverage for a specific amount of time – such as 5 years, 10 years or 20 years. Term premiums are often less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.    
  • Universal Life - Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change.    
  • Variable Universal Life - (VUL) insurance is a type of permanent life insurance that provides a death benefit in exchange for premium payments. It is designed for those who want life insurance protection but are also investment-minded and desire the potential for greater cash value accumulation than generally available in a fixed insurance product. Through the investment options you select, a VUL policy has the potential for tax-deferred cash value accumulation, however, any assets allocated to the underlying funds are subject to the market risk and will fluctuate in value. Any decrease in the policy's cash value could reduce the policy's death benefit.
  • Survivorship Life - Survivorship life insurance – available as whole life, universal life or variable universal life – covers two people and provides payment of the proceeds when the second insured individual dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals.


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Annuities - An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump-sum of money into a guaranteed stream of income payments. 

Deferred annuities offer the advantage of tax-deferral and can be used to accumulate money for retirement.
 

  • Variable Deferred Annuities -  A variable annuity is a long-term financial vehicle designed for retirement purposes. The contract holder makes payments to an insurance company in exchange for the promise of a future income stream or a lump-sum payment. The insurance company invests some of the payments in subaccounts selected by the investor that pursue investment gains in various asset classes, including stocks. Because it is possible for these subaccounts to lose money, some variable annuities offer living benefit guarantees to limit the downside risk. These benefits are designed to help ensure that the contract reaches a minimum value, provides a minimum income amount, or guarantees an income for a specific period, even if the investment subaccounts underperform
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  • Fixed Interest Deferred Annuities - With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed never to fall below a certain amount. For many people, this provides a measure of security about their investment.

 Income annuities are used to generate a stream of income payments that is guaranteed to last for as long as you need it to – even for the rest of your life.

Lifetime Income Annuities - An income annuity where income payments begin immediately - one period after the annuity is puchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform. 

All guarantees are based on the financial strength and claims-paying ability of the Issuing Insurance Company.  Fixed annuities generally have a higher initial interest rate which is guaranteed for a limited time period only.  At the end of the guarantee period, the contract often renews at a lower rate.


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Long Term Care Insurance - Long-Term Care Insurance is still a relatively new type of insurance product. Many people do not understand what long-term care insurance policies cover, how and when the policies pay benefits, and who should obtain coverage.
 

 
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Other Products - Other products, such as Disability Income Insurance, Individual and Group Health Insurance products.

 


Need a little help in deciding which products would be right for you and your family? Please do not hesitate to contact us for additional information. We can help you analyze your needs and recommend appropriate products.

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck