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Are your clients looking for options to save for retirement?
Are they considering a ROTH IRA?
Do they have a need for life insurance?
Then they may want to consider a Tax-Free Retirement Strategy.
It isn’t about how much your clients accumulate for retirement…
…they also need to factor taxes when they start to take retirement income.
The Tax-Free Retirement strategy boils down to one simple question.
“If you were a farmer, would you rather be taxed on the seed or the harvest?”
Now ask your client this, “what direction to you think future tax rates are going to go?”
Permanent Life Insurance Provides:
Let’s take a look at how well annuities and life insurance can complement each other.
Life insurance, the “protection” product, creates a reservoir of funds at death to help provide financial protection for a client’s family or business. Life insurance can also provide benefit in the event the insured become Terminally, Chronically, Critically Ill or Critically Injured.
Annuities, coupled with a Guaranteed Lifetime Income Rider, the “retirement” product, creates a guaranteed source of income for your client’s lifetime.1
Individuals who want:
Provides named beneficiary immediate benefit, generally exceeding sum of premiums.
Accumulation value paid to named beneficiary privately outside of probate. Four spousal beneficiary, taxation of benefits may be deferred until income distributions are taken.
|Living Benefits||Accelerated Benefits Riders2
Provides access to death benefit, on a discounted basis, in the event of Terminal, Chronic, Critical Illness and Critical Injury.
|Enhanced Benefit Feature on GLIR3
Provides enhanced benefit of a higher payment should annuitant qualify, and become permanently unable to perform 2 of 6 activities of daily living.
|Retirement||Lifetime Income Benefit Rider (LIBR)4
Provides a tax-free guaranteed income benefit for the life of the insured if certain conditions are met.
|Guaranteed Lifetime Income Rider (GLIR)1
Provides an income that is guaranteed for life.
Every time someone prepares to purchase a home they are faced with a decision about whether to purchase a traditional mortgage protection insurance policy. This coverage offers protection to the lien holder, with no benefit to the owner other than peace of mind that their mortgage will be paid in the event of a premature death.
But there is another choice – personally owned life insurance.
Protection For Your Client’s Home
|Personally Owned Life Insurance||Traditional Mortgage Policy|
|Flexibility||Structure the policy to meet the client’s needs||The mortgage determines the structure|
|Choice||Client chooses their beneficiary||The mortgage holder is the beneficiary|
|Death Benefit||The death benefit goes to the client’s named beneficiary, they choose how to use it.||The death benefit automatically goes to the mortgage holder|
|Protection||Permanent life insurance generally maintains a level death benefit||The death benefit generally decreases in step with the outstanding mortgage debt|
|Portability||The client can take their policy with them when they sell their home or refinance||A traditional mortgage protection policy is normally tied to a specific mortgage|
|Cash Value||Permanent life insurance can build cash value for the future||Traditional mortgage policies do not build any future value|
|Living Benefits||Optional riders can provide access to the death benefit if the insured is diagnosed with a terminal, chronic, critical illness or critical injury||No living benefits|
|Optional Riders||Optional riders can provide benefits in case of disability or unemployment||No disability or unemployment benefits|
Personally owned life insurance can help protect your client’s home, family and income.