We help families and business owners protect what they have built and turn it into income and legacy that lasts. Life insurance, annuities, and health coverage, explained in plain English before you ever sign anything.
Tell us what you are trying to solve. We will point you to the right coverage, even if that means telling you that you do not need any.
No cost, no obligation, and no pressure. Prefer to talk now? Call (704) 323-4046.
Start here
Fit more than one? Most people do, and plenty of owners belong in all three. Nothing here is hidden, so pick a door or scroll down and look at everything.
What we offer
Most families need two or three of them working together, not the whole list and not just one.
Whole life and indexed universal life that stays in force for life and builds cash value you can use while you are living.
Strategy
A whole life policy designed for cash value, so you can finance your own purchases instead of applying at a bank each time.
A retirement analysis first, comparing the income you want against what you have. Then the tools, if the numbers say you need any.
Advantage, Supplement, and Part D, compared side by side so you know what you are actually buying.
Marketplace coverage for families, early retirees, and self employed people between jobs or before Medicare.
The most coverage per dollar during the years your income is carrying a mortgage, a business, or kids at home.
Smaller whole life policies that cover funeral costs and last bills so the burden never lands on your children.
Advisory
Making sure what you own actually reaches the people you intend, in the way you intended, without a probate fight or a surprise tax bill.
Advisory
Every account, pension, policy, and Social Security estimate on one page, then tested against the years that matter.
Payroll, partners, and a company that is worth something to somebody. We handle the health coverage your people count on, and the life insurance that keeps the business standing if an owner is suddenly gone.
Business cases get specialists. We bring in partners who work these arrangements every day, so what gets explained to you is accurate and built for your company rather than approximated.
Start a business conversation →Plans change every year, even when you do not. Formularies, networks, and premiums all reset in January. A short review now can save you from a surprise at the pharmacy counter later.
How Medicare worksAdvisory work
The first thing you get from us is a clear picture, not a proposal. When a question crosses into law or investment advice, we bring in the attorney or the planner we work with, so you hear it from someone who handles that every day.
Most people have a 401(k) statement, an old IRA from a job they left, a Social Security estimate they half remember, and no single page that puts it together. We build that page.
Then we stress test it. What income does this actually produce at 65, at 70, at 80? What happens to the household if one spouse passes first? What does the tax bill look like the year required distributions start? Where is the money that has no job assigned to it?
Where the answer runs into investment advice, we hand it to the financial planner we partner with instead of improvising. Plenty of people finish this review, learn they are in good shape, and buy nothing. That is a legitimate result and we will tell you so plainly.
We are not attorneys and we do not draft legal documents. Our training is in recognizing when a trust actually belongs in the picture, spotting the ownership and beneficiary problems that quietly break an estate plan, and knowing which questions need to go in front of a lawyer. The drafting itself is handled by partners who have been writing trusts for well over twenty years.
What we do is make sure the pieces line up, because that is where most estate plans fail.
A beneficiary designation overrides a will, so an ex-spouse listed on a 1998 policy inherits ahead of the current family. A life policy owned the wrong way can pull the death benefit back into a taxable estate. A trust gets drafted, signed, and then never actually funded, which makes it an expensive folder in a drawer.
We review how your accounts and coverage will actually pass, show you where the conflicts are, and hand the findings to those partners so the documents get drafted correctly the first time. If you already have an attorney, we work with yours instead. Either way you are not left coordinating it on your own.
You already own something. A whole life policy from 2004, an annuity a bank sold you, a Medicare plan you have not looked at since the year you enrolled. Most people have never had anyone read those documents back to them.
We read them. What the policy actually does, what it costs now compared to what it cost then, whether the riders still apply to your life, and whether it is on track to do what you were told it would do.
Frequently the answer is that it is fine and you should keep it. When we say that, you can trust it, because we gain nothing from replacing something that already works.
Strategy, explained
Strategy starts with a discussion rather than a recommendation. What matters most to you, where you want this to end up, and what it will take to get there. Once that is clear, these are the approaches that come up most often. Where one has limits or only fits certain situations, we say so.
The idea is straightforward. You overfund a participating whole life policy so it builds cash value quickly. When you need capital for a truck, a rental property, or your business, you borrow against that cash value instead of applying at a bank. The policy keeps crediting growth on the full value while the loan is outstanding, and you set the repayment schedule.
What it is good for: people who already borrow regularly and want to keep the interest inside their own system, plus a death benefit their family gets either way.
What to know going in: this only works if the policy is designed for cash value rather than commission, and if you fund it consistently for years. Early cash value is limited, loans accrue interest, and unpaid loans reduce the death benefit. It is a discipline, not a trick.
The standard debt snowball works, and we are not going to pretend otherwise. You list every balance, attack the smallest one, and roll each freed up payment into the next. The math is sound and the momentum is real. The problem is what happens on the last payment. The debt is gone, and so is the money. You spent five or six disciplined years and built nothing you can point to.
The version we run adds a whole life or indexed universal life policy alongside the payoff schedule, and that is what changes the outcome. A portion of your cash flow builds cash value while the balances come down, and you can borrow against that growing value to accelerate the payoff. The same dollars are working in two directions at once, retiring debt and building an asset, instead of only doing one. When the final balance clears you are not starting over. You already own something, with cash value you can reach and a death benefit your family gets regardless.
How we build it: before you commit to anything we build the plan out year by year and show you the whole picture: what you pay, what you save in interest, when each balance clears, and what the asset is worth at the end of it. Some households working this plan have cleared their consumer debt and their mortgage in under ten years. What it looks like for you depends on your income, what you owe, and how consistently the plan gets funded, which is exactly what the numbers will show you before you decide.
Most people spend thirty years putting money into accounts that were never taxed, and almost none of that time thinking about the bill attached to it. Then it arrives all at once. Required distributions begin whether you need the money or not, part of your Social Security becomes taxable, and your Medicare premium is set by your income from two years earlier. For a lot of households the highest tax year of their life lands after they stop working.
The work is deciding which dollars to spend, in what order, and in which years. That means looking at the whole picture at the same time: what sits in taxable accounts, what is tax deferred, what is already tax free, what a Roth conversion would cost now against what it saves later, and where a deferred annuity or a policy's cash value can move income into a year that can absorb it. We usually end up recommending more than one thing, because no single product solves a tax problem that stretches across twenty years.
We also do not do this alone. The planner and the CPA we work with run the projections alongside us, so what you hear has been tested against your actual return rather than against a rule of thumb.
What to know going in: deferral is not forgiveness. Money that grows untaxed is still taxed on the way out, and reaching it before age fifty nine and a half generally adds a penalty. Nothing we do here is tax advice and we will not pretend otherwise. What we can do is lay the options side by side, show you what each one costs and saves across the years that matter, and put those numbers in front of the person who signs your return.
Many people are sitting on an IRA they do not need for living expenses. Left alone, it passes to the kids with a tax bill attached and a ten year window to empty it. One alternative is to take measured distributions, pay the tax now at a known rate, and reposition the money into life insurance so the next generation receives a death benefit that is generally income tax free.
Where it matters: families whose children are in their peak earning years, when an inherited IRA would land in the worst possible bracket.
What to know going in: this requires health that qualifies for coverage and money you genuinely will not need. It is not right for everyone, and we say so often.
Two owners, no plan, and one of them dies on a Tuesday. His widow now owns half the company and has never worked a day in it. She wants to be paid for her share, and she is entitled to it. You do not have that kind of cash sitting around, so the options are borrowing against the business, selling off a piece of it, or staying in partnership with someone who never signed up for the job. All three are bad, and all three are avoidable.
The fix has two halves that belong to two different people. Your attorney drafts the buy-sell agreement, which sets who must sell, who must buy, and how the price is determined. We handle the money. A policy on each owner, sized to the value of their share, structured so the proceeds land exactly when the obligation does. On a death the family receives the agreed value, ownership consolidates with the surviving owner, and nobody comes out of pocket. The business keeps running and payroll clears on Friday.
What to know going in: the structure changes the outcome. In a cross-purchase, each owner holds a policy on the other. In an entity redemption, the company owns the policies and buys the shares back itself. The tax treatment and cost basis differ between the two, and the right choice depends on how many owners there are and how the business is taxed. The valuation also has to be revisited. A policy sized to a company worth eight hundred thousand in 2019 does not cover one worth two and a half million now, and that gap only shows up at the worst possible moment.
Modern policies can include riders that let you access part of the death benefit early if you are diagnosed with a chronic, critical, or terminal illness. For a lot of households, that is the more likely event. A heart attack at 54 does not usually end a life, but it can end an income.
Where it matters: business owners without disability coverage, single income households, and anyone whose long term care plan is currently the phrase "my daughter will handle it."
What to know going in: rider availability, cost, and definitions vary by carrier and by state. Any amount you take early reduces what your family receives later.
How it works
You will know what happens at every stage. Nothing gets submitted to a carrier until you say so.
Thirty minutes on the phone or at the kitchen table. What you own, what you owe, who depends on you, and what worries you at 2am.
We show you where the gaps are and where you are already covered. If nothing we offer would improve your position, that is what we will tell you.
Real numbers from multiple carriers, side by side, with the costs written out plainly. If a policy carries a limitation worth knowing about, it sits right there next to the number.
Coverage is not a one time purchase. We check in annually and when life changes, because both of those move the plan.
Why a lighthouse
A lighthouse does not chase ships and it does not move when the weather turns. It stands in one place and tells the truth about where the rocks are. That is the job we signed up for.
Providence Wealth Partners is an independent agency. Resident licensed in North Carolina, with non-resident licensing added where clients need us. We built this practice around a simple belief: money is supposed to serve people, and the people it should serve first are the ones sitting at your table. Faith, family, and a plan that outlives you are not marketing lines here. They are the reason the doors are open.
The work is finding what actually helps you. Sometimes that is a policy. Sometimes it is a phone call telling you to keep the one you already have.
From the blog
Short pieces on the things clients actually ask about. No hype, no countdown timers, and no advice that only works if you buy something.
The benefit is real. The advertising is not. Two different cards get confused, and only one of them has health rules attached.
Read it →Your plan must tell you by September 30 exactly what it is changing on January 1. It is the only Medicare mail that is actually about you.
Read it →One window, once in your life, when a Supplement insurer cannot turn you down. Most people spend it comparing premiums without knowing it is running.
Read it →Where we stand
That is the only test we run, and it rules things out more often than it rules them in. Some conversations end with a plan. Some end with us telling you that what you already own is fine, or that nothing we sell would improve your situation. Both of those are the job.
The one outcome we will not take is your signature on something you did not fully understand. If we cannot find real value for you, you will hear it from us first, and you will hear it plainly.
Andy FowlerFounder, Providence Wealth Partners
Contact
Tell us what you are trying to work out and we will answer that specifically, not with a brochure. Bring your current policy if you have one. There is no charge for the review and no obligation at the end of it.
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