learn what you can do with life!
Post on 14-Jul-2015
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Learn What You Can Do With Life Insurance
Life Insurance’s Obvious Benefits
Protects your loved ones by providing
a death benefit to your heirs
Covers final expenses
But it offers so much more…
Life Has Changed Over the Years
Today life insurance can be used for many
different purposes
Policies can be customized based on your
stage in life
Life insurance can be used for ‘living needs’ such as….
Educational Savings
Cash-accumulation type life insurance policies are a way to pay for the cost of private education, higher education and/or other educational activities.
These policies allow you to borrow money at low interest, or at no cost to:
• Pay off student loans
• Pay for school tuition
• Pay for special education as directed by a Special Needs Trust
• Or even pay other debts not related to education
Tax Diversification
Taxes can be a burden. Are you tax diversified?
• Taxable — mutual funds, CDs, savings
accounts,
• Tax-Deferred — 401k, IRAs, annuities
• Tax-Advantaged — 529s, HSAs
• Tax-Free — Life Insurance, municipal bonds,
Roth IRAs
Don’t overlook Life Insurance as a tax-free option in your portfolio
Retirement Planning
Someone turns age 65 every 8 seconds; people are living
longer and many fear outliving their money
The need for longevity planning has increased substantially
Life insurance can be a smart way to plan for the years ahead,
protecting your family and interests while offering tax-free
supplemental income
Annuities are another way to make your income last for as
long as you live
Life Insurance can help you plan for
whatever comes in retirement…
Provide Long Term Care
Life Insurance offers long-term and
chronic care riders that can help pay
for skilled nursing or in-home care
Some policies have wellness riders
that provide cash credits to your policy
for living a healthy lifestyle
Planning for Estate Taxes
Your heirs are taxed on the gross
assets of your estate, this includes
property, retirement assets, and life
insurance policies
Proper planning can avoid estate
taxation and the long, illiquid delays
of probate court proceedings
You need to be aware of both State
and Federal Estate Taxes
Most states have lower thresholds
than the federal exemption rate
When to Purchase or Expand Life
Insurance Coverage?
Life Events Like These:
Marriage
Home Purchase
Job Transition
New Baby
More Babies
Inheritance
Divorce
Do You Own Life Insurance
Outside an Employer’s Plan?
Companies are cutting back on employee
benefits
Companies that do offer life coverage,
typically provide 1 to 2 times your annual
salary as a death benefit
Remember even though you may be
vested in your 401(k)…
…Your company group life insurance policy
terminates with your employment
With an individually-owned life policy, coverage continues…
It’s More Affordable than You Think
Over 80% of American’s overestimate
the cost of life insurance*
* 2014 LIMRA Insurance Barometer
When To Ask for Direction
There are some important question
to ask:
• How much do I need and
for how long?
• What type to buy?
• Which insurance company
do I select?
• Where do I get started?
We are here to give you the direction you need
Life Stage Needs Analysis
How we help…
We determine how much coverage you need
based on what stage of life you are in
We discuss your goals and figure out a plan
to get you from point A to B
We call it our Four Point Plan….
Determine Your Current Position
We conduct a thorough fact finding intake to assure we have a clear picture of
where you are now and what your vision is for your final destination.
Understand Market Conditions
We understand the current economic conditions and take that into
consideration when assessing the marketplace for the right product solutions.
Chart Your Course
We select from among the top insurance brands to provide a sound insurance
plan that fits both your budget and your life’s goals.
Stay On Point
Any plan, requires consistent monitoring. We make it a point to connect with
you periodically to assure what we proposed is working and that any life
changes are taken into account as needed.
Our Four Point PlanOur Four-Point Plan leverages our 25 years of industry experience in insurance and financial services to develop
an insurance plan designed to meet your life’s aspirations, whether it’s retirement, college savings, long term care,
protection of assets or estate planning.
The Process is Easy
Sign
Application
In-Home
Nurse Exam
Underwriting
Reviews
Deliver
Policy
Pay Premium to
Insurance
Company at Time
of Delivery
and the Result is…
Peace of Mind
and Smart Financial Planning
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