Tax-Free Retirement

Overview

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?”

  • If they think future tax rates will be lower, then saving today on a pre-tax basis, such as a qualified plan or Traditional IRA, makes a lot of sense.
  • If they think future tax rates will be higher, then they may want to consider a tax-free retirement strategy such as a Roth IRA or permanent life insurance.

 

Individuals who:

  • have maxed out their 401(k) and are looking for additional options to save for retirement
  • are considering a ROTH IRA or ROTH 401(k) Deferral
  • are limited on their IRA contributions due to income
  • want to contribute more than their 401(k) or IRA limits allow
  • have a need for life insurance
  • have a need for benefits in the event they become Terminally, Chronically or Critically Ill or Critically Injured

Permanent Life Insurance Provides:

  • an income-tax free death benefit,
  • the ability to defer taxes on cash value, and
  • access cash value income-tax free for retirement income

Additional Strategies

Life Insurance and Annuities Working Together

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Tax-Free Retirement

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Life Insurance and Annuities Working Together

Overview

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:

  • to protect their retirement in the event of death or illness
  • a guaranteed income for life
  • the ability to time when they receive taxable vs tax-free income during retirement
  • the ability to start, stop and restart their income during retirement

 

Life Insurance Annuities

 

 Die too Soon Protection Death Benefit

Provides named beneficiary immediate benefit, generally exceeding sum of premiums.

Death Benefit

Accumulation value paid to named beneficiary privately outside of probate.  Four spousal beneficiary, taxation of benefits may be deferred until income distributions are taken.

 Become Ill 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.

 Live too Long 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.

Additional Strategies

Life Insurance and Annuities Working Together

Overview Let's take a look at how well annuities and life insurance can complement each other. ... Read More

Tax-Free Retirement

Overview Are your clients looking for options to save for retirement? Are they considering a ROT... Read More

Mortgage Protection

Overview Every time someone prepares to purchase a home they are faced with a decision about whethe... Read More

March Training Opportunities

Spring forward your learning this March! Take advantage of these sales training opportunities offe Read More

April Training Opportunities

Spring Training in Full Effect! Take advantage of these sales training opportunities offered throu Read More

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Mortgage Protection

Overview

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.

  • Indivuduals, couples or families considering the purchase of a home
  • 18 or oler – the younger the client the lower the cost to purchase coverage

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.

 

Client:

  • Cat. # xxxx – Protection for your home, family and income brochure
  • Cat. # xxxx – Home Sweet Home Flyer
  • HTML eMail Flyer
  • Consumer Presentation

Agent:

  • Cat # – TBD
  • Cat # – TBD

Additional Strategies

Life Insurance and Annuities Working Together

Overview Let's take a look at how well annuities and life insurance can complement each other. ... Read More

Tax-Free Retirement

Overview Are your clients looking for options to save for retirement? Are they considering a ROT... Read More

Mortgage Protection

Overview Every time someone prepares to purchase a home they are faced with a decision about whethe... Read More

March Training Opportunities

Spring forward your learning this March! Take advantage of these sales training opportunities offe Read More

April Training Opportunities

Spring Training in Full Effect! Take advantage of these sales training opportunities offered throu Read More

Read More