Simply The Best Death Benefit In The Industry

Simply The Best Death Benefit In The Industry

When looking to enhance the legacy of your client, typically Life Insurance is the first idea that comes to mind. But, what if your client is uninsurable? Or, perhaps, wants to pass on some IRA dollars?

Annuity solutions should be your next stop. With insured increasing DB values and the ability to take income, you can provide your clients with both flexibility and certainty.

Many of these Enhanced Death Benefits features are littered with caveats, “gotchas,” and restrictive payouts that you need to be wary of. However, there is an “A” rated insurance carrier with a guaranteed 7% (simple) growth rate that lasts for up to 10 years. The Enhanced Death Benefit value is reduced dollar for dollar, for income, then makes the DB value available as a lump sum upon the passing of the owner.

Example: No Income

  • Male: Age 75
  • Premium: $500K (ROTH IRA)
    • Guaranteed (Tax Free) Death Benefit Value: 7% (Simple Growth)
      • Yr. 1 = $535K
      • Yr. 5 = $675K
      • Yr. 10+ = $850K

Example: With 4% Income

  • Male: Age 75
  • Premium: $500K (ROTH IRA)
    • Guaranteed (Tax Free) Death Benefit Value: 7% (Simple Growth)
      • Yr. 1 = $515K (Total Income taken: $20K)
      • Yr. 5 = $575K (Total Income taken: $100K)
      • Yr. 10 = $650K (Total Income taken: $200K)

Your clients have the flexibility to either pass on the max DB with no income, or take income while receiving an increasing DB value. With fixed yields making just a fraction of the guaranteed growth rate, we have a great opportunity to share.

Enhanced Death Benefit Key Points:

  • 7% Simple Growth, for up to 10 years
    • Dollar for Dollar Reductions for income up to 7%.
    • Max Issue age is 75
    • Death Benefit is available as lump sum at any point

For more information about Enhanced Death Benefits, contact your Annuity Sales Rep today.