Life insurance premiums can get expensive as your clients age but continuing the payments to maintain the death benefit can result in a greater legacy than could be achieved through investing those assets.
Permanent life insurance can be a great estate planning tool for your client to leave a legacy, pay estate taxes or fund a trust.
With Commission-Free permanent life insurance, commissions aren’t taken out of your clients’ premiums, so the value of the policy can grow more quickly.
Legacy Planning Products
| Type | Summary | |
|---|---|---|
| Variable Universal Life Insurance | Variable Universal Life is a permanent life insurance policy where the cash value is invested in funds or fixed accounts providing opportunity for growth. Its structure allows for flexible premium payments and an adjustable death benefit, which can be impacted by the investment performance of the cash value. Because of its variable... |
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| Term Life Insurance | Term life insurance offers an affordable means of securing protection for a specified period of time. While term life insurance does not build cash value like whole life insurance, it comes at a reduced cost with less stringent underwriting requirements, making it more cost-effective and accessible. |
| Type | Summary | |
|---|---|---|
| Variable Annuity | Variable annuities are tax-deferred insurance contracts with an underlying value that fluctuates based on the performance of the underlying investments. These products often offer insurance benefits such as guaranteed income or a death benefit. The ability to annuitize assets into a guaranteed lifetime income stream is the fundamental feature that qualifies a... |
