The Rule of 72

Presented by Richard Mangiameli The Rule of 72 is a shortcut to determine how long it takes for capital to double, and double again. For example, if you invest $100,000 and earn 7% per annum, you can divide 72 by 7 and learn that your money doubles – $200,000 in about 10 years. If you have another 10 years and you’re still getting the 7% that $200,000 will become $400,000. This would help provide a good income for the rest of your life, never to be outlived. Call Richard Mangiameli LUTCF, FSS our Annuity Sales Manager to find out how money can double by earning only 6.5% per year and that earning could be guaranteed for up to 20 years!

My Money Is Going Where?

Presented by Gary Peterson Do your clients have a plan for their IRA when they pass away? Do they know the government will be a beneficiary? Exactly how much money will pass to loved ones? What if they could: – Keep their IRA in their care, custody and control; – Potentially double or triple the value of their legacy; – Take no additional investment risk? Learn more about IRA transfer pitfalls in this introduction from one of our leading life insurance carriers and two solutions you can use to help.

The Important Decision at Retirement

Presented by David Corwin Did you know that, at retirement, you might have to make a difficult decision that could negatively impact your future financial security and that of your spouse? At retirement, you will have to decide how your pension benefit will be paid out for the rest of your life: Should you elect to receive the maximum retirement check each month for as long as you live, with the condition that upon your death, your spouse gets nothing? OR Should you elect to receive a reduced retirement check each month, with the condition that upon your death, your spouse will continue to receive an income? Did You Know… * The decision you make will determine the amount of pension income you receive for the rest of your life? * This decision is generally irreversible? * In making this decision, many people unknowingly purchase the largest death benefit they will ever buy and one over which they have no control? If you are married, federal law requires that, in order to protect your spouse, you must elect a “joint and survivor” annuity payout option for your pension benefits. This guarantees that your surviving spouse will continue to receive at least one-half of your pension income. This concept is sound, except that you have to pay for a joint and survivor annuity payout option: * Your pension benefit is reduced for as long as you live. * If your spouse dies before you, your pension benefit cannot be restored to its unreduced amount. * All pension payments cease when both you and your spouse die. Let’s look at the results of the three most common pension benefit options, using a hypothetical example: Life Income Option: If you receive your pension benefit under the life income option, you receive the maximum lifetime pension payment. If you die first however, your surviving spouse receives nothing after your death. Joint and One-Half Survivor Option: If you elect the joint and one-half survivor option, you’ll receive a lower lifetime pension payment. On the other hand, if you die first, your surviving spouse will continue to receive a lifetime pension benefit equal to 50% of your pension benefit prior to your death. Joint and Equal Survivor Option: With the joint and equal survivor option, you’ll receive a significantly lower lifetime pension payment. Your surviving spouse, however, will continue to receive 100% of your pension benefit if you die first. In making this important decision, you should evaluate the risks associated with retirement income protection funded with life insurance: * Your income after retirement must be sufficient to ensure that the life insurance policy premiums can be paid and coverage stay in force for your lifetime. Otherwise, your spouse may be without sufficient income after your death. * If your pension plan provides cost-of-living adjustments, will upward adjustments in the amount of life insurance be needed to replace lost cost-of-living adjustments after your death? * Does your company pension plan continue health insurance benefits to a surviving spouse and, if so, will it do so if you elect the life income option?

ROP Rider for a Younger Client

Presented by Donna Ries Here’s an idea to consider for a younger client: Protecting an income should be a client’s top priority. One option that may be advantageous for a younger client is the return of premium rider on a disability insurance policy. For example, a 27 year old female administrative office worker making $30,000 that had a $1,000 benefit amount to age 67 with a 90 day elimination period would pay about $28 per month in premium. Of that premium, the return of premium rider would cost around $7 per month. If no claims were made, at age 67, a full return of premium would be received. That means over 40 years the client would have paid an extra $3,360 in premium to receive all premiums totaling over $13,000 back at age 67. That’s an attractive return to consider. Return of premium features vary by carrier. Contact your DI marketer for more information to customize your case.
Life Insurance

High Deductible Survival Plan – Part One

Presented by Brian Leising Do you have clients with high deductible health insurance policies? Do you know people that need term life insurance? What do these questions even have in common? Follow along and I will explain. With the recent changes in the health insurance market, more people than ever now have high deductible plans. Some never enjoyed coverage previously and some chose these plans due to price. What if something happened to them, a heart attack or cancer diagnosis for example, would they have the funds to pay for their high deductible all at once? Where will they get the money? A recent study showed half of the people in our country have no life insurance at all, and half of the other half don’t have enough. You know people that need term life insurance, three of every four people you meet according to the statistics. We know many people need a source of funds to pay their health insurance deductibles, and they likely have a need for life insurance. What if their life insurance policy could do more than just one thing? What if their policy could provide a death benefit and a living benefit they could use to cover their deductible? In part two, I will explain how this works and how affordable these new policies really are.