Meet Terry

Hello, my name is Terry Hobbs, and I'm a licensed insurance agent serving the great state of Texas. With over 20 years of experience as a professional engineer, I understand the importance of meticulous planning—not just in design and construction, but in financial security. My journey into insurance and retirement planning began when I realized that protecting my family's financial future required more than just technical expertise.

Driven by a desire to provide the most comprehensive care for my loved ones, I immersed myself in learning about life insurance and retirement strategies. Rather than rely solely on external advisors, I committed to becoming an expert myself. This personal mission transformed into a professional calling, allowing me to bring deep, firsthand knowledge to my clients.

When I work with families across Texas, I approach each consultation with the same level of dedication and precision I would apply to my own family's financial planning. My background as an engineer has taught me to analyze complex systems, and I apply that same analytical approach to crafting personalized insurance and retirement solutions. I don't just sell policies; I build financial safeguards tailored to each client's unique needs and aspirations.

My commitment is simple: to provide the same level of care, attention to detail, and strategic thinking that I would want for my own family. Let me help you secure a financial future that offers peace of mind and protection.

Financial Insights: Annuities & Life Insurance

Financial Planning Insights

Understanding Annuities, Life Insurance, and Investment Strategies

Annuities Explained

What is an Annuity?

An annuity is a financial product that provides a steady income stream, typically used for retirement planning. You invest a lump sum with an insurance company, which then pays you back in regular installments in the future (or starting immediately). Your initial principal value sees annual growth linked to the performance of an Index Fund, such as the S&P 500 (and others). However, your account value can never lose principal even if the market goes down.

Types of Annuities

Fixed Annuities: Stable, predictable returns
Indexed Annuities: Returns based on market index

Who Could Benefit from an Annuity?

Annuities can be beneficial for several groups of people:

Individuals with Orphaned 401k: Those no longer employed by the company that sponsored their 401k can roll over funds into an annuity without paying taxes or penalties.
- Note: 401k funds are subject to market losses, as many experienced during the COVID pandemic. In contrast, a fixed index annuity protects your principal from losses.
Those with Idle Bank Account Funds: Money sitting in a bank account is not "working for you" and typically earns minimal interest.
- A fixed index annuity allows you to potentially gain from market performance without risking your principal.
Recipients of Lump Sum Payments: Individuals with money from inheritances, lottery winnings, property sales, or other significant one-time payments.
- Provides a safe investment option with market-linked gains and principal protection.
Individuals with Underperforming Investments: Those with existing annuities or IRA accounts that are not meeting financial goals.
- We can analyze your current account's performance and compare it with recent and existing annuity options to determine potential benefits.
Near-Retirement Individuals: Those looking for a stable income stream during retirement
Risk-Averse Investors: People who want protection against market volatility
Those Seeking Tax-Deferred Growth: Investors wanting to minimize current tax liability
People Without Other Pension Options: Individuals seeking guaranteed income replacement
High-Income Earners: Those looking for additional tax-advantaged retirement savings

Life Insurance & IUL

What is Life Insurance?

Life insurance is a contract providing financial protection to your beneficiaries in case of your death. It ensures your loved ones are financially secure by paying a predetermined amount upon your passing.

What is an Indexed Universal Life (IUL)?

An Indexed Universal Life (IUL) plan is a flexible permanent life insurance policy with a cash value component. The cash value grows (Tax-free) based on the performance of a market index (such as the S&P 500). The cash value is protected against losses, so if the market performs negatively in a given year, you don't earn any gains, but you do not lose anything from your cash value balance. Income withdrawals from cash value are tax-free, and the death benefit value transfers to a beneficiary (also tax-free).

Disclaimer: This information is for educational purposes. Consult a financial advisor for personalized guidance.

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13606 Meridian Springs Lane, Houston TX 77077

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Terry Hobbs Financial

The content provided is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material is provided for general information and educational purposes only and should not be considered a solicitation for the purchase or sale of any security or insurance product.

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Insurance products and services are offered through Terry Hobbs Financial LLC. Terry Hobbs is a licensed insurance agent/producer. Insurance products are not FDIC insured and are not bank guaranteed.

Terry Hobbs Financial LLC and Terry Hobbs are independent insurance agents/producers offering indexed universal life insurance (IUL), traditional life insurance, and annuity products. Terry Hobbs is licensed in most US States, except for New York.

The views and information contained herein have been prepared independently and are presented for informational purposes only. This material should not be construed as investment, insurance, tax, or legal advice. For advice concerning your own situation, please consult with your appropriate professional advisor.