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Learn What You Can Do With Life Insurance

Learn What You Can Do With Life!

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Page 1: Learn What You Can Do With Life!

Learn What You Can Do With Life Insurance

Page 2: Learn What You Can Do With Life!

Life Insurance’s Obvious Benefits

Protects your loved ones by providing

a death benefit to your heirs

Covers final expenses

But it offers so much more…

Page 3: Learn What You Can Do With Life!

Life Has Changed Over the Years

Today life insurance can be used for many

different purposes

Policies can be customized based on your

stage in life

Life insurance can be used for ‘living needs’ such as….

Page 4: Learn What You Can Do With Life!

Educational Savings

Cash-accumulation type life insurance policies are a way to pay for the cost of private education, higher education and/or other educational activities.

These policies allow you to borrow money at low interest, or at no cost to:

• Pay off student loans

• Pay for school tuition

• Pay for special education as directed by a Special Needs Trust

• Or even pay other debts not related to education

Page 5: Learn What You Can Do With Life!

Tax Diversification

Taxes can be a burden. Are you tax diversified?

• Taxable — mutual funds, CDs, savings

accounts,

• Tax-Deferred — 401k, IRAs, annuities

• Tax-Advantaged — 529s, HSAs

• Tax-Free — Life Insurance, municipal bonds,

Roth IRAs

Don’t overlook Life Insurance as a tax-free option in your portfolio

Page 6: Learn What You Can Do With Life!

Retirement Planning

Someone turns age 65 every 8 seconds; people are living

longer and many fear outliving their money

The need for longevity planning has increased substantially

Life insurance can be a smart way to plan for the years ahead,

protecting your family and interests while offering tax-free

supplemental income

Annuities are another way to make your income last for as

long as you live

Life Insurance can help you plan for

whatever comes in retirement…

Page 7: Learn What You Can Do With Life!

Provide Long Term Care

Life Insurance offers long-term and

chronic care riders that can help pay

for skilled nursing or in-home care

Some policies have wellness riders

that provide cash credits to your policy

for living a healthy lifestyle

Page 8: Learn What You Can Do With Life!

Planning for Estate Taxes

Your heirs are taxed on the gross

assets of your estate, this includes

property, retirement assets, and life

insurance policies

Proper planning can avoid estate

taxation and the long, illiquid delays

of probate court proceedings

You need to be aware of both State

and Federal Estate Taxes

Most states have lower thresholds

than the federal exemption rate

Page 9: Learn What You Can Do With Life!

When to Purchase or Expand Life

Insurance Coverage?

Life Events Like These:

Marriage

Home Purchase

Job Transition

New Baby

More Babies

Inheritance

Divorce

Page 10: Learn What You Can Do With Life!

Do You Own Life Insurance

Outside an Employer’s Plan?

Companies are cutting back on employee

benefits

Companies that do offer life coverage,

typically provide 1 to 2 times your annual

salary as a death benefit

Remember even though you may be

vested in your 401(k)…

…Your company group life insurance policy

terminates with your employment

With an individually-owned life policy, coverage continues…

Page 11: Learn What You Can Do With Life!

It’s More Affordable than You Think

Over 80% of American’s overestimate

the cost of life insurance*

* 2014 LIMRA Insurance Barometer

Page 12: Learn What You Can Do With Life!

When To Ask for Direction

There are some important question

to ask:

• How much do I need and

for how long?

• What type to buy?

• Which insurance company

do I select?

• Where do I get started?

We are here to give you the direction you need

Page 13: Learn What You Can Do With Life!

Life Stage Needs Analysis

How we help…

We determine how much coverage you need

based on what stage of life you are in

We discuss your goals and figure out a plan

to get you from point A to B

We call it our Four Point Plan….

Page 14: Learn What You Can Do With Life!

Determine Your Current Position

We conduct a thorough fact finding intake to assure we have a clear picture of

where you are now and what your vision is for your final destination.

Understand Market Conditions

We understand the current economic conditions and take that into

consideration when assessing the marketplace for the right product solutions.

Chart Your Course

We select from among the top insurance brands to provide a sound insurance

plan that fits both your budget and your life’s goals.

Stay On Point

Any plan, requires consistent monitoring. We make it a point to connect with

you periodically to assure what we proposed is working and that any life

changes are taken into account as needed.

Our Four Point PlanOur Four-Point Plan leverages our 25 years of industry experience in insurance and financial services to develop

an insurance plan designed to meet your life’s aspirations, whether it’s retirement, college savings, long term care,

protection of assets or estate planning.

Page 15: Learn What You Can Do With Life!

The Process is Easy

Sign

Application

In-Home

Nurse Exam

Underwriting

Reviews

Deliver

Policy

Pay Premium to

Insurance

Company at Time

of Delivery

and the Result is…

Page 16: Learn What You Can Do With Life!

Peace of Mind

and Smart Financial Planning

Page 17: Learn What You Can Do With Life!

Chief Navigator:

Tom Granata 203-

846-4602

[email protected]