Frequently Asked Questions — Kotta Financial Services

A common starting point is 10-12x your annual income. Kotta Financial Services provides a free needs analysis that factors in your mortgage, debts, children's education, and income replacement needs. According to LIMRA research, 40% of life insurance owners wish they had purchased more coverage.

Term life covers you for a set period (10, 20, or 30 years) at the lowest cost. Whole life is permanent coverage that builds cash value. Indexed Universal Life (IUL) offers flexible premiums with market-linked growth. Kotta Financial Services compares all types across 10 carriers to find your best fit.

Yes. Because Kotta Financial Services works with 10 carriers, we know which companies are lenient on diabetes, high blood pressure, sleep apnea, anxiety, depression, and other conditions. We regularly find coverage for people who were declined by other agents.

IUL is a permanent life insurance policy with a cash value component tied to a market index (like the S&P 500). Your cash value grows when the index goes up, but is protected from loss when it goes down. It offers tax-advantaged growth and flexible premiums.

An annuity is a contract with an insurance company that provides guaranteed income. You contribute a lump sum or series of payments, and the insurer guarantees regular income payments — either immediately or starting at a future date you choose.

Fixed annuities offer a guaranteed interest rate with no market risk. Indexed annuities offer potential growth linked to a market index with downside protection (your principal cannot decrease). Both provide guaranteed income.

Yes. A 401(k) rollover to an annuity can be done tax-free through a direct rollover. This converts your retirement savings into guaranteed lifetime income. Kotta Financial Services handles the paperwork and coordinates with your plan administrator.

Most clients start annuities between ages 45-65, but there is no wrong time. Starting earlier means more growth potential. Starting later means larger immediate income payments. Kotta Financial Services models both scenarios for free.

No. Kotta Financial Services never charges consulting fees, planning fees, or asset management fees. Our compensation comes from the insurance carrier when you purchase a product — never from your pocket.

We represent 10 top-rated insurance carriers including Lincoln Financial, Mutual of Omaha, American Equity, Athene, Ameritas, Corebridge, and more. This independence means we find the best rate available, not just one company's products.

Our office is in Research Triangle Park, NC. We serve Raleigh, Durham, Cary, Apex, Chapel Hill, Holly Springs, Wake Forest, Garner, Knightdale, Morrisville, and the entire Triangle. We are licensed in 11 states total.

No. Kotta Financial Services meets clients however is most convenient — in person at our RTP office, over video call, or by phone. Most initial consultations happen over the phone and take about 15 minutes.