Understanding Indexed UL – Positioning Your Client For Distributions
It’s a full time job knowing all the moving parts for each Indexed UL product.
It’s a full time job knowing all the moving parts for each Indexed UL product.
One of the most overlooked savings tools for retirement is life insurance.
As time passes, the need for the insurance decreases – as policy owners have fewer years of income to replace, or as they pay down their loan or mortgage, the amount needed to pay-off the note decreases.
In other instances, a client may need to cover multiple obligations with different time horizons – attempting to do this with one policy is not the most efficient method.
If your client’s primary source of funds for retirement income is a 401(k) plan, they could be facing a harsh reality when it comes time to retire.
It’s no secret that products change and new enhancements are introduced which can provide additional benefits to your clients. It should come as no surprise that as your clients move through different life stages, their needs also change.
During retirement, consumer attention often shifts from income replacement and mortgage protection to concerns about outliving retirement income and health care costs.
As a producer, it is your responsibility to educate your client about how the withdrawals and policy loans can affect their policy.
Giving directly can significantly reduce the amount of assets ultimately passed to family members and other loved ones.
Cash value Life Insurance is built so that it can last a lifetime unlike Term Insurance that is temporary in nature.