Life insurance is more than just a death benefit – there are numerous living benefits attached to life insurance which are available before the funeral procession ensues.
During retirement, consumer attention often shifts from income replacement and mortgage protection to concerns about outliving retirement income and health care costs.
Three common pre-retirement uses of life insurance are:
- College Expenses
- Supplemental Retirement Income
- Long-Term Care Expenses
A properly designed Indexed Universal Life (IUL) can help you win more cases by providing customers with options they can use while living.
Simply put – IUL’s can provide clients with access, growth and protection at any age
ACCESS: Liquidity window for access to tax free cash withdrawals.
GROWTH: Non reportable tax-free retirement savings linked to well known indices like the S&P 500. Clients can’t lose money when the market goes down.
PROTECTION: Flexible death benefit provisions that policy owners can utilize for income, health care costs and ongoing care through the chronic illness rider.
Contact your Life Sales Rep today to learn how to position these game changing features of life insurance in your customer presentations.
We welcome the opportunity to guide you through the options of new life insurance policies and help you place more of your cases.