Conry Financial

Our primary focus and expertise is helping seniors sort through the maze of options and products in today’s financial climate. Never before in the history of the financial and estate planning process have there been so many products and “strategies”, with so few qualified professionals to guide you in the proper evaluation of all the benefits and pitfalls in order to make an appropriate decision.

With over 27 years of experience and a keen understanding of our client’s goals, objectives, and assets, we take pride in developing unique, safe, and time-tested strategies. Our methodical approach to strategic planning in the areas of wealth creation, wealth protection, asset maximization, and tax reduction, utilize simple tools and techniques resulting in guaranteed rates of return and lifetime benefits, all on a tax favored basis.

Much of the work we do involves rehabilitating assets which have been depleted as a result of poor decisions made through misguided advisors and uninformed consumers. This is often the consequence of using the wrong strategy, the wrong product, or unwittingly accepting unnecessary risk, in an effort to meet the right objective. Our approach simply uses long standing tax code interpretations, coupled with consumer-friendly, cost effective products, to re-categorize and leverage existing assets; thereby improving your financial position through guaranteed returns and reduced taxes for you and your heirs.

In addition, we specialize in one of the newest financial opportunities available exclusively to seniors. Since 1998, Conry Financial Services, Inc. has been assisting clients with the use of Senior Settlements, which is the sale of an in-force policy to an institutional funder in exchange for a lump-sum payment. Until the advent of this secondary market, there was no outlet for a policy owner to maximize the value of their policy beyond the cash surrender value dictated by the issuing insurance company. This age old monopoly prohibited the consumer from realizing the fair market value of their life insurance contract.

Today, policies are “appraised” for their “fair market value” based on the current age and health of the insured, the size of the death benefit, the financial ratings of the issuing company, and premiums required to support the policy over a predetermined time period. When appropriate, this approach results in a cash buy-out of significantly more than the traditional cash surrender value of the policy.

 

For nearly a decade, CFS has been helping clients capitalize on the full value of their life insurance policies by negotiating maximum competitive pricing with reputable institutional funders. The proceeds from the settlement process can be used to significantly improve our client’s financial position by reducing or even eliminating ongoing premium payments on new insurance, funding long-term care needs, charitable inclinations or addressing many other financial concerns.

Jay Conry, CLU, ChFC

After earning a Bachelor Of Science Degree in the field of Education, Jay began his professional career in 1980, with Prudential Insurance Company of America, as a multi-lines agent. After four short years in personal production, he was promoted to Sales Manager, then to Assistant to the Vice President of Regional Marketing for the Southern New Jersey Region, and finally to District Manager where, at the age of 29, Jay was responsible for a sales force of 50 agents, a clerical support staff of 15 assistants, and 5 sales managers. During his 13 year tenure with Prudential, Jay established himself as a dedicated professional consistently ranking in the top ten percent, company wide.

In 1993, Jay and his family moved to Phoenix where he joined Lincoln Financial Advisors (LFA)/Sagemark Consulting where he spent the next 10 years of his career. While with LFA, Jay earned both his Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) designations. In addition, Jay served as a Wealth Preservation Specialist with Sagemark Consulting, a specialized planning branch of LFA, and as an estate planning consultant to several local branches of Morgan Stanley Dean Witter.

In 2003, Jay founded CONRY FINANCIAL SERVICES, INC., a financial and estate planning firm specializing in the unique planning needs for today’s senior.