Expertise
Who We Serve
We’re proud to serve driven, hardworking people who want to make wise decisions with their wealth. Many of our clients are immigrants or first-generation Americans who own thriving businesses and are looking for strategic guidance on how to protect and maximize their success. We come alongside them and provide personalized guidance, helping them establish an enduring legacy while living an abundant life.
How We Work
We believe everyone deserves financial clarity so they can make intentional, informed decisions about their wealth. Whether you’ve done some financial strategies or you’re completely new to the process, we’ll meet you where you are and help you move forward with confidence. With our bilingual team, we’re able to offer financial guidance in English or Spanish, so you can have meaningful conversations in a way that’s comfortable for you.
We Specialize In:
Life Insurance
Many people think that life insurance is only for people with families. While it’s 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 a number of living benefits as well, such as the opportunity for 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.
Whole Life - Whole life insurance is a permanent life insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid when due. Whole life policies accumulate cash value tax-deferred.
Term Life - Term life insurance policies provide coverage for a specific amount of time—such as one year, 10 years, or 20 years. Term premiums are often initially less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates, unless the policy owner elects to renew the policy often at a much higher rate. There is no accumulation of cash value for term life policies.
Universal Life - Universal Life insurance is designed to offer customizable death benefit protection with non-guaranteed planned premiums and a non-guaranteed death benefit. Depending on the product selected and the amount of premium you pay, Universal Life insurance can allow you to keep your coverage for as long as you need it: to age 80, 90, 100 or longer. Because of the policy’s flexible and non-guaranteed nature, it is important to fund your policy properly and actively manage your policy to reflect changes in interest crediting rates and policy charges over the duration of your policy. This policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions. This can happen due to insufficient premium payments, if loans or withdrawals are made, or if current interest rates or charges fluctuate.
Variable Universal Life - Variable universal life Insurance combines the premium and death benefit flexibility of a universal life policy with investment opportunities. You may allocate your premium among a variety of professionally managed investment divisions plus a fixed account. Of course, with investment opportunities comes risks along with the potential for reward.
These products are offered by prospectus through NYLIFE Securities LLC. (Member FINRA/SIPC), and a Licensed Insurance Agency and a New York Life Company.
Survivorship Life - Survivorship life insurance—available as whole 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.
Retirement Planning
If you intend to retire (and most people do), the best time to start preparing is now. Our team will help you discover what a satisfying retirement looks like to you—whether you want to manage your business as long as possible or you plan to cash in a pension at 55. We’ll help you determine what you need to retire comfortably and how that affects your current financial objectives. We’ll review your risk, assets, and current strategy status, then recommend tools to help maximize your earnings now and protect your wealth in the future. Whatever a fulfilling future looks like to you—we’re here to help you prepare for it.
Estate Planning
A well-engineered estate conservation plan can help minimize tax liability and ensure that loved ones are protected. We will work with you and your advisors to assess the impact of state and federal taxes on your estate and suggest strategies to help minimize those taxes while meeting your family’s needs. We do not provide tax advice. Please consult with your own advisors for tax advice.
Business Strategies
We offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account their personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Some of our key services are detailed below.
Asset Accumulation & Protection
There are numerous financial strategies and retirement income strategies that can help you accumulate assets for the future, protect your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren. We can help you figure out what the right course of action is for your specific situation and objectives.
Group Benefits
Today’s labor market is competitive, and finding quality employees that have the experience, values, and knowledge necessary for the job can be a challenge. Then, after you’ve put your team together, you still have to figure out how to keep them motivated and happy to be there. Offering benefits that are the right fit for your business can help to reduce employee turnover, which in turn also helps your long-term stability. Even though it’s an added expense, it’s typically much less than what it takes to hire, train, and retain new employees.
We can guide you through the process of designing a custom benefits package that keeps you competitive and doesn’t drain your wallet. We’ll show you a wide variety of services and solutions to find the options that fit your needs and budget. Certain options can come at little to no cost to you, such as a voluntary payroll deduction program. No matter what your needs are or where you’re at in the process of establishing a benefits package, Opulencia Financial Group is here to help. Some of our key benefit offerings are detailed below.
Retirement Plans
We will work with you to find the right retirement plan for your needs and budget, and help you find the best way to fund these qualified and non-qualified plans. Some of the options we offer are profit sharing, 401(k), defined contribution, and defined benefit.
Voluntary Coverage**
Adding voluntary coverage options to your plan can enhance your benefits program with little or no out-of-pocket cost for you. Some of the products offered are whole and universal life insurance, dental insurance, vision insurance, short- or long-term care, and cancer protection.
Group Life Insurance Plans
This is a plan that offers life insurance benefits to employees, where the insurance contract is only between the group and the insurance company. Members of the group receive certificates of coverage at little or no cost to them.
*Please consult your own tax advisor for tax advice.
**Your participation in the payroll deduction life insurance program is completely voluntary. Since this program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA), your employer cannot contribute to or endorse any policy offered under this program.
Se habla español