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Whole Life Info
Nobody wants their loved ones to suffer or face financial burden during one of life's most challenging times. Keep your promise. Provide your loved ones the financial security they deserve.
The fact is, thinking about our own mortality is a hard topic to swallow, but it is necessary to plan if you want to secure your family's future. Without you, who will provide for their future? Can your significant other handle all these obligations alone? How will your kids be impacted? With these financial obligations can you really afford to be unprepared?
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Vince's expertise and knowledge of proven financial strategies can help your family at every milestone, to meet every life challenge. Are you planning for your child's education, or a savings plan for retirement? Are you looking for guidance on life insurance? Vince can help.
What is a whole life insurance policy?
A whole life policy is a type of permanent life insurance contract that provides protection as well a savings component that policy owners can leverage to fulfill other life planning obligations. The premium payment structure is leveled, meaning it will not increase over time. The savings component offers a “Guaranteed Cash Value,” offering better growth potential than traditional banking methods.
Why do people get a whole life policy?
Individuals who are looking for value that offers protection and a great earning potential to create a financing solution and a smarter money management system can leverage a whole life policy for their current and future needs.
While this contract provides your beneficiaries with the financial security they deserve, policy owners can take advantage of a whole life policy to develop a college plan for their children, a financing solution for entrepreneurs and small business owners, and more importantly it can be used to create a tax-advantaged retirement plan providing a supplemental income for the future. As you can imagine it can also be used to create an estate plan, leave your family an inheritance and grow your family's generational wealth.
By capitalizing and collateralizing your policy a whole life policy owner will realize uninterrupted compounded growth that will substantially increase your savings. A whole life insurance policy can also be coupled with riders that can provide you with added living benefits. Policy owners can add a critical illness and accelerated death benefit riders that allow them to accelerate a portion of the funds expected from the death benefit to pay for their current needs.
It's all about improving your mindset and knowledge. If you want to learn how to implement this strategy and improve your approach to personal finance simply schedule a free consultation today.
Advantages of a whole life policy.
Disadvantages of a whole life policy.
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Protection for your family and loved ones
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“Guaranteed Cash Value” with compounded growth.
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Policy for life, can't be revoked (except lapse/fraud).
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Leveled premiums that does not increase over time.
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Ability to leverage and access policy loans.
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Growth and benefits are protected from creditors.
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Tax-deferred and tax-advantaged retirement plan.
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May need medical examination.
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Premiums are a more expensive than term life policies.
Your greatest asset is your earning ability, and your most valuable asset is time.
Don't waste either, learn how to implement effective and tax-efficient strategies in your financial plan, that will allow you to earn more and keep more for your retirement. Get your complimentary retirement analysis report.
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What is an indexed universal life (IUL) insurance policy?
An Indexed Universal Life is another type of permanent life insurance contract. An IUL provides protection and a savings component that is attached to a specific market index that allows owners to take advantage of a great earning potential when the market is doing well and a zero level floor protection when the economy is performing poorly. It offers a flexible premium structure that allows owners to adjust premium payments and death benefits as needed while growing their funds.
Why do people get an indexed universal life insurance policy?
Individuals looking to protect their family, but are looking for alternative solutions to term or whole life policies so that they can develop a savings plan that afford them better benefits than traditional banking methods purchase an indexed universal life policy.
An indexed universal life has a great earning potential and zero risk floor, policy owners can take advantage of numerous opportunities while continually providing their loved ones the financial security they deserve. Just like a whole life policy you can implement different money management strategies that will improve your approach to personal finance, and (in most cases) without the higher cost of a whole life because the premiums and death benefits in an IUL is adjustable to meet your current needs.
Indexed Universal Life can be a complex instrument, rest assured that our experts will help you every step of the way. We are your partners in success, and it is good to have someone by your side offering a different perspective especially when the decision will impact your family and future. As advocates of financial wellness, we want to empower you so that you can make the most of every opportunity. Don't hesitate to reach out to us, let us know how we can serve you today.
Advantages of an IUL policy.
Disadvantages of an IUL policy.
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Flexible premiums with “Guaranteed Death Benefits.”
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“Cash Value” with excellent growth potential.
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Growth attached to Market Index.
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Has a “Zero” level floor providing principal protection.
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Can be coupled with additional riders for specific needs.
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Tax-advantaged retirement that minimizes taxable income.
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Cost of Insurance increases age you age.
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Credit rating cap on growth.
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More complicated than other insurance policies.
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