The team at R.P. Musko & Associates are trained professionals who can help you identify your financial needs and then determine which financial and insurance products can best help you meet your objectives. Some of the products we often use to serve the needs of our clients include:

Life Insurance

Many people think that life insurance is only for people with families. While it is true that life insurance can help provide for the needs of dependents, life insurance also can be an important part of a well-thought-out estate, business succession or charitable giving plan. And permanent life insurance offers many living benefits as well, such as tax-deferred cash value accumulation. For all of these reasons, life insurance can be important for someone starting out – or for someone who's starting over.

Whole Life

Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.

Term Life

Term Life policies provide coverage for a specific amount of time – such as 10 years or 20 years. Term premiums are often less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.

Universal Life*

Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change.

*Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company.The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions.  This can happen due to insufficient premium payments, if loans or withdrawals are made, or if current interest rates or charges fluctuate.

Variable Universal Life*

Variable Universal Life Insurance combines the premium and death benefit flexibility of a Universal Life policy with investment opportunities. You may allocate your premium amongst a variety of professionally managed investment divisions plus a fixed account. Of course, with investment opportunities comes risk along with the potential for reward.

*Securities offered through NYLIFE Securities LLC, member FINRA/SIPC, A Licensed Insurance Agency.

Survivorship Life

Survivorship life insurance – available as whole life, universal life* or variable universal life* – covers two people and provides payment of the proceeds when the second insured individual dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals.

The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions. This can happen due to insufficient premium payments. If loans or withdrawals are made, or if current interest rates or changes fluctuate.
*Reference the footnote/disclosures above for 'universal Life' and 'variable universal life'.


An annuity is a unique financial vehicle designed to help you accumulate money for your retirement and/or turn a lump-sum of money into a guaranteed stream of income payments. Deferred annuities offer the advantage of tax-deferral and can be used to accumulate money for retirement. Income annuities are used to generate a stream of income payments that is guaranteed to last for as long as you need it to – even for the rest of your life*. Some of the different types of annuities are:

Fixed Interest Deferred Annuities

With a Fixed Interest Deferred Annuity, the interest rate on your policy is guaranteed never to fall below a certain amount (subject to the claims paying ability of the issuing company). For many people, this provides a measure of security about their investment.

Lifetime Income Annuities

An income annuity where income payments begin immediately - one period after the annuity is purchased. It is designed to provide you with predictable income monthly, quarterly, semi-annually or annually, no matter how long you live, and regardless of how the financial markets perform.

All guarantees associated with Life Insurance and Annuity Contracts are based on the claims paying ability of the issuing insurance company. Withdrawals may be subject to regular income tax, and if made prior to age 59 1/2, may be subject to a 10% IRS penalty. In addition surrender charges may apply.


Variable Deferred Annuities*

A Variable Deferred Annuity offers the advantage of tax deferral and can be used to accumulate money for retirement. The policy’s accumulated value – and sometimes the amount of monthly annuity benefit payments – fluctuates with the performance of your investment account. There are fees, expenses and risks associated with the contract. Please be aware that assets allocated to the investment divisions are subject to market risks and will fluctuate in value.

*Securities offered through NYLIFE Securities LLC, member FINRA/SIPC, A Licensed Insurance Agency.

Long Term Care Insurance

Going through life may require a little help along the way. So if you're planning ahead, long-term care insurance may help protect you or a family member's future plans and help preserve the assets you've worked so hard to build.

Worksite Programs

Two Life Insurance plans are available:

Employee's Whole Life

New York Life Employee’s Whole Life is permanent insurance that any eligible1 employee can purchase. It’s paid for through voluntary payroll deduction2, so payment is automatic and convenient. The advantages of Employee’s Whole Life are:

  • - Portable
  • - Permanent
  • - Convenient
  • - Affordable
  • - Flexible
  • - Family friendly
  • - No medical exams
  • - Professional service and support from a New York Life Agent

1An eligible employee must be employed with the current employer for six months and work at least 30 hours per week.
2This program is not intended to be subject to the Employee Retirement Income Security Act of 1974 (ERISA). The employer does not contribute to or endorse the program. Employee participation is completely voluntary.


Fully underwritten New York Life products paid through the convenience of payroll deduction. NYL-A-PLAN is designed to be:

  • - Portable
  • - Convenient
  • - Flexible
  • - Family friendly
  • - Compatible with New York Life’s full suite of insurance products

Two types of NYL-A-PLAN Arrangements

Employee Funded NYL-A-PLAN
Premiums are paid for 100% through voluntary employee payroll deductions. The Employer agrees to pay, when billed, an amount equal to the full first premium due for each policy included in the NYL-A-PLAN arrangement. Under this selected arrangement, coverage under the Conditional Temporary Coverage receipt attached to the application will be provided subject to its terms and conditions, just as though the full first premium had been paid in cash with the application.

Employer Funded NYL-A-PLAN
The Employer intends to purchase insurance on their employees, and will be paying all premiums. For these arrangements only, employers will be required to provide a check for the first premium.



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