Life Insurance Made Easy
Most people do not like the thought of having to purchase life insurance of any kind. Most people buy term life even though over 93+%* of the time the death benefit doesn’t pay. We prefer to help clients understand the benefits of permanent insurance and how you can use such policies both while living and at death.
“Life insurance you don’t have to die to use”
Our preferred life insurance policy is Retirement Life™. It’s Retirement Life™ because you do not have to die to obtain the benefits of using it. The policy has the following benefits:
- Tax-free accumulation of wealth
- Cash growth is pegged to the S&P 500 stock index
- There is NO downside risk (your money never goes backward due to market downturns)
- Tax-free use of the built-up equity as a supplemental retirement vehicle
- A long-term care benefit included
- A critical illness benefit included
- A terminal-illness benefit included
Do the above benefits sound like a life insurance policy you’ve ever heard about before? If not, and if you would like to learn more about Retirement Life™, please click here.
Any guarantees are backed by the financial strength and claims-paying ability of the issuer.
The basics of life insurance
We believe that more people would warm up to life insurance if they just understood how it works and why one policy over another can be beneficial. In the material, you can learn about the main types of life insurance and why you might prefer to use one type of life insurance over another. Simply click on the links below to bring up a summary on each.
Before you are ready to fully discuss the different types of policies and which one may be a good fit for your situation, we recommend that you click here to read a nice summary about the different aspects of life insurance policies.
- Whole Life Insurance Policies PDF
- Universal Life Insurance PDF
- Indexed Universal Life Insurance Policy (IUL) PDF
If you’ve clicked on the tabs above and read the material, you will know that we like the use of cash value life both to protect the family and as a financial tool to help supplement a client’s retirement income.
While we do not like to see clients buy term life insurance, we know that it is needed by some of our younger clients because they cannot afford permanent insurance. Having said that, we also know that many clients who can afford permanent insurance just cannot see the value in such policies and for them, we recommend return of premium term life so they can at least have their premiums returned to them at the end of the term.
Finally, we are proponents of IUL policies (Retirement Life™) for those clients who want to have minimum guarantees on the cash value in their policies while at the same time having upside growth pegged to the S&P 500 index. With IUL policies, you can have security and reach for good growth.
*Milliman Research Report 2020