A Valuable Tool For Supplementing Retirement Income
Qualified plans such as 401(k)s are an excellent way to save for retirement, but they are limited and are only available if provided by an employer.
Qualified plans such as 401(k)s are an excellent way to save for retirement, but they are limited and are only available if provided by an employer.
Gifting may be the answer for getting the necessary premium dollars.
We have contracts with carriers who offer the ability to convert Individual Term Insurance policies into a Survivorship plan during the designated conversion period.
71% of small business owners surveyed said they have thought about who would run their business in their absence, but only 35% of all surveyed had a business continuation plan.¹
Life Insurance can pay out an enormous amount of money in a lump sum deposit to the beneficiary, giving them more money at one time than they have ever had.
There are a number of events that can trigger a need for additional Life Insurance such as the purchase of a home, the birth of a family member, a marriage or divorce and even a promotion at the office.
Understanding the different options available is the key to making the best decision for your client. Most IUL policies allow for either fixed or variable loans.
A product that has gained substantial traction is the Indexed Universal Life policy, a Fixed Life product that can offer clients the potential for growth and protection from market loss.
Promoting these solutions will not only deliver additional value to your clients, but will also help differentiate you from the competition in what is largely a price driven marketplace.
The market has been repositioned in recent years to be geared toward guarantees with traditional no-lapse features built into policies.