There are times in life when your clients’ finances may get tight, but their insurance needs may still be as real as ever. Term life insurance is a simple solution. It’s typically the most affordable way to get the
coverage a family needs for a set period of time. With term, premium rates can be locked in for 10, 15, 20 or 30 years.
- Premiums stay the same during the term selected.
- Options to convert to a permanent life insurance contract.
Our goal is to provide you with only highly rated carriers, with the competitive products to meet your clients’ needs.
Permanent Life Insurance
Permanent life insurance consists of insurance and cash value. Potential cash value growth can help cover long-term financial needs while your client is still alive. After they die, the death benefit can help care for their loved ones and support causes they care about.
- Potential to build cash value, a living benefit that can be used to cover financial needs.
- Proceeds typically pass to beneficiaries quickly and income-tax free.**
Our product specialists will help you understand the available products and features to find the right product based on your clients’ needs and goals.
** Under current tax law [IRC Sec. 101(a)(1)], death proceeds are generally excludable from the beneficiary’s gross income. However, death proceeds may be subject to state and federal estate and/or inheritance tax.
Single Premium Immediate Annuity
An immediate annuity called a single premium immediate annuity (SPIA) can help ensure your clients will have the income they need in retirement. With a SPIA, clients can choose from a variety of flexible payout options as well as choose options that can help protect their retirement income from inflation. In addition, SPIAs can help eliminate the worries of market volatility.
Deferred Fixed Annuities
A deferred annuity is an insurance contract for long-term savings, like retirement. Clients choose when they start taking out money – and won’t pay income taxes until then. That works a bit differently than an immediate annuity, which requires you to take annual or monthly payments right away and doesn’t offer the same tax-deferred growth. Deferred annuities are long-term investments that can be used for retirement income.