A successful financial executive, Darcy Bergen serves as the founder and president of Bergen Financial Group in Peoria, Arizona. Darcy Bergen draws from over 20 years of experience to offer professional advice on matters related to retirement planning, wealth management, tax planning, income strategies, and estate planning. He also focuses on life insurance.
Life insurance is a type of contract between a policyholder and an insurer wherein the latter makes regular payments or premiums to the former in exchange for a guaranteed death benefit to designated beneficiaries. One common type of life insurance policy is known as term life insurance.
A term life insurance policy offers pure death benefit protection for a specified term, which is typically 10, 20, or 30 years. Insurers are allowed to renew their policy annually until the age of 95. Insurers don’t receive a return on what they paid for the insurance at the end of the term. If the insurers die before the term is over, the beneficiaries will receive the full life insurance benefit.
Generally, the insurance premiums are low and affordable while insurers are young. However, the premiums tend to increase as much as 300% when the insurers get older and become more susceptible to serious illnesses. For this reason, it is highly recommended to sign up for a policy with a longer term.
Well-versed in wealth management as well as risk management, Darcy Bergen serves as the founder and president of Bergen Financial Group in Arizona. Outside of his professional pursuits, Darcy Bergen is actively involved in nonprofit organizations including Bergen’s Mission.
A charitable organization, Bergen’s Mission maintains a close partnership with Hope for the Nations, or HOPE. This nonprofit helps at-risk children and orphans gain access to emergency aid and safe living environments. HOPE also collaborates with local organizations in various parts of the world to reach communities experiencing poverty, and facilitates initiatives such as the Micro Loans program in Liberia to help residents boost their source of livelihood.
Specifically, HOPE helps local nonprofit Provision of Hope raise funds to provide small business loans to single mothers. The starting loan through the Single Mothers Empowerment Program ranges from $200 to $500 and is also interest-free, giving borrowers the time and opportunity to set up a small business so they can support themselves and their families. Some of the individuals who obtained a micro loan have started pharmacies in remote areas, a shoe store, a roadside restaurant, and a clothing store.
Certified Retirement Financial Advisor Darcy Bergen serves as the president and managing partner of Bergen Financial Group, a private advisory firm in Arizona. Darcy Bergen’s leadership skills and commitment to excellence extend to charitable initiatives such as Bergen’s Mission, where he serves as a treasurer.
Based in Africa, Bergen’s Mission is a nonprofit that helps children and orphans experiencing poverty to find safe and permanent homes. Bergen’s Mission has close ties with Hope for the Nations, also known simply as HOPE. This charitable institution provides shelter, food, healthcare, and education to at-risk children.
When an earthquake struck Nepal in 2015, thousands of schools were severely damaged causing approximately a million children to lose safe classrooms in which to continue their education. HOPE partnered with Small World to set up temporary structures that would allow at-risk children to continue learning amidst the tragedy. Now, HOPE and Small World are seeking to raise CAD 30,000 in funding to construct a stable and permanent school so that the children and teachers no longer have to stay in unsafe buildings.
A Certified Retirement Financial Advisor, Darcy Bergen serves as president and managing partner of Bergen Financial Group, an independent advisory firm based in Arizona. Darcy Bergen is also dedicated to helping people in need and serves as a treasurer for Bergen’s Mission, a charity whose founders worked with Hope for the Nations in Kenya.
Hope for the Nations, or HOPE, is a charity institution providing caring homes, education, and healthcare to at-risk children around the world. With the help of HOPE’s agent in East Africa, Justice Rising, the organization has raised more than $150,000 to provide education to children in communities affected by war.
Justice Rising estimates there are more than 3 million out-of-school children in the Democratic Republic of Congo, East Africa. The donation will assist the organization as it seeks to build 40 new schools, develop educational programs, and empower local leaders to promote peace in their respective communities.
An accomplished financial advisor, Darcy Bergen is founder and president of Bergen Financial Group in Peoria, Arizona. Darcy Bergen and his associates offer advice on effective investment strategies, wealth management, and retirement planning.
People who reach the age of 55 gain full access to their Social Security retirement benefits. The Social Security benefit is calculated based on an individual’s average lifetime earnings, multiplied by an index factor that represents changes to actual earnings per year. The resulting amount also may change if an individual decides to advance the benefits before retirement age or delay them after, if they receive a pension from government work and didn’t pay Social Security taxes on income, or if they are eligible for a cost-of-living adjustment.
The surge in the new cost of living adjustment (COLA) has also resulted in an increase in the average Social Security retirement benefit by 2.8 percent, which will take effect at the beginning of 2019. This increase will help more than 62 million beneficiaries. Starting in December 2018, those entitled to their Social Security retirement benefit will be notified by mail about the new amount they will receive in January 2019.