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Our Products and Services

Disability Insurance

We offer a Return of Premium disability plan that has these important features:

  • Returns your premium when you surrender your policy or retire. (Call us for more details).
  • Premiums will NOT increase.
  • Policy is Non-Cancellable.
  • You can take the policy with you to another employer.

Through our payroll deduction plan, we offer a disability plan that will cover normal pregnancy and C-Sections.

Life Insurance

Phifer Financial works with a number of insurance companies to offer you a wide variety of term and permanent life insurance products that can fit your needs such as:

  • Inexpensive Term Insurance
  • Universal Life for retirement or pension planning.
  • Whole Life Insurance

Most financial planners recommend that you have ten times your annual salary in life insurance to adequately protect your loved ones.

Pension Maximization

The Teacher’s Pension and Annuity Fund (TPAF) and the Public Employees Retirement System (PERS) in New Jersey offer nine different pension payout options at retirement. The two most popular options selected are 1) Maximum Benefit and 2) Option A.

The Maximum Benefit option provides the maximum pension benefit during your lifetime, however, all pension benefits stop at your death.

The Option A benefit provides a reduced pension benefit during your lifetime with the same amount going to your beneficiary at your death. A widely unknown issue with all pension options is that if your beneficiary dies before you do, you cannot change your beneficiary to another person (i.e., new spouse, partner, etc.).

There can be a significant difference between the Maximum Benefit and the Option A benefit which is pure cost to you and less money in your pocket at retirement.

It is important that you explore your pension options carefully prior to retirement. There are better alternatives to Option A which can put more money into your retirement check and provide more control and flexibility of your pension during your retirement years. The earlier in your career you explore these options, the better chances you have to maximize your pension for a happy and secure retirement.

Long Term Care Insurance

Long-Term Care insurance helps to protect your assets by providing you with a pool of money to help cover the cost of care. It also helps to:

  • Provide the ability to choose where you want to receive care.
  • Reduce the burden of care that may fall on family members.
  • Give you access to valuable support such as obtaining the right care, assistance with claims, and advice to help in making decisions.


Many type of investment options are available to help you develop your savings plan.

  • Understanding the difference between the Roth IRA and Tax Sheltered Annuities (TSA).
  • Coordinate and customize your investment plan with anticipated pension and retirement benefits.
  • Define an affordable investment plan to help you reach your financial goals.

School District Seminars

Our insurance professionals can conduct seminars for your school district employees on a number of financial issues important to educators and education support staff such as:

  • Understanding your pension
  • Importance of disability insurance
  • Understanding life insurance
  • Planning for your retirement

* Fixed Insurance Products are products of the insurance industry and are designed for long-term retirement investing. Fixed annuity guarantees are subject to the claims-paying ability of the insurance company. Surrender charges may apply if money is withdrawn before the end of the contract. All withdrawals of tax-deferred earnings are subject to current income tax, and, if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Fixed annuities generally contain fees and charges which include, but are not limited to, sales and surrender charges. Additionally, if purchased within a qualified plan, an annuity will provide no further tax deferral features. The contract, when redeemed, may be worth more or less than the total amount invested.