Most people do not like the thought of having to purchase life insurance of any kind. Most people buy term life even though over 97% 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 polices 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 revolutionary 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 backwards due to market downturns)
-Tax free use of the built-up equity as a supplemental retirement vehicle
-A FREE long-term care benefit
-A FREE critical-illness benefit
-A FREE terminal-illness benefit
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.
The basics about 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 explain the main types of life insurance and why you might prefer to use one type of life insurance to another. Simply click on the links below to bring up a summary on each.
-Term Life Insurance
-Return of Premium Term Life Insurance
Before you read about the different “cash value” life policies, we recommend that you click on things you need to know about cash value life and variable policy loans.
-Whole Life Insurance Policies
-Universal Life Insurance
-Equity Indexed Universal Life Insurance Policy (EIUL)
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 EIUL policies (Revolutionary 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 EIUL policies, you can have security and reach for good growth.
If you would like more information on the different types of life insurance policies in the marketplace and to have a discussion about which one is the best fit for your situation, please contact our office at firstname.lastname@example.org or (702) 873-5555.