Traditional life insurance should really be called death insurance because someone must die to have the benefits. That type of policy is as antiquated as the rotary dial phone. The new kind of life insurance is designed for you to use while you are alive and by the way may still provide a death benefit.

Living Benefits is a term used to explain the option available in the event of such serious illnesses as heart attack, stroke or cancer among others, and are determined to be chronic, critical or terminal. A portion of the death benefit is accessed to pay for care, your bucket list, maintain the household expenses and/or keep a business operating.

Tax-free retirement does really exist and is written in the IRS tax code 7702. With the proper policy, money can be taken on a monthly basis until death in the form of a loan. This is designed to supplement Social Security benefits and several strategies can be used for optimum income when combined with a qualified plan such as a 401K or IRA. There are no penalties or age requirements but they do want you to start using the income by age 85 if you choose. There is no obligation. It is shielded from lawsuits.

Annuities have changed over time and are much more responsive to the needs of the individual. They can provide income especially for those unable to qualify for life insurance, some have immediate income available and some provide double income in the event the owner has a serious illness and is in need of assisted care. Others provide a legacy for heirs, and they can be used to fund an endowment.

All of these products come with varying strategies for growth and are protected from lawsuits. They can be indexed to the stock market to receive the increase, but do not participate in the losses thereby, preserving wealth. Note: There is usually a cap, spread or participation rate that may affect the monetary returns.


$0 - $99,999
90%


Bank
Checking
Savings
CDs

0 - 3%

Usually Renting

What are they doing at age 65?

STILL WORKING!

$100,000 +
10%


Mutual Funds
bonds
real estate
insurance

4 - 12%

Homeowners

What are they doing at age 65?

RETIRED!


Majority

have no strategy for their financial future.

DON'T UNDERSTAND HOW MONEY WORKS.

EARN A LOW RATE OF RETURN ON THEIR MONEY.

PAY TOO MUCH IN TAXES.

WORK FOR SOMEONE ELSE.

LIVE PAYCHECK TO PAYCHECK.

HAVE NO MONEY FOR EMERGENCIES.

DON'T HAVE PROPER PROTECTION FOR THEIR OWN OR THEIR FAMILY'S MONEY.

CAN'T MEET RETIREMENT GOALS AND NEED TO WORK INTO THEIR GOLDEN YEARS.
 

WEALTHY

PLAN FOR THE FUTURE.

POSITION THEIR MONEY TO WORK FOR THEM.

SAVE ON TAXES.

SAVE MONEY.

MOST ARE BUSINESS OWNERS.

HAVE EMERGENCY FUNDS.

LIVE THE LIFESTYLE OF THEIR DREAMS.

ARE PREPARED FOR RAINY DAYS

HAVE PROPER PROTECTION FOR THEIR OWN AND FAMILY'S MONEY

ENJOY LIFETIME INCOME