Tell me if you’ve heard this one before. A client is in their mid 60s and retiring. 30 years ago they bought cash value life insurance, maybe from an agent who was a friend or from an insurance-focused financial advisor. The client was promised to be able to use the cash values for retirement AND…
In our last two articles, we discussed utilizing alternatives to multi-year guaranteed annuities using non-qualified assets. Those assets, not being utilized for retirement and ultimately passing on to the next generation may be better suited in a hybrid annuity product or a single-pay life product. Given that the US retirement market is largely composed of qualified…
Are you looking for an alternative to Multi-year Guaranteed Annuities? One that will provide guarantees, tax advantages, safety of principal, and a guaranteed return of premiums at any time? Here is the ideal client profile: AGE: Late 60s to age 80 SITUATION: Client with cash value life insurance or cash in the bank considering the purchase of…
Client Profile AGE: Late 60s to age 80 SITUATION: Client with cash value life insurance or cash in the bank considering the purchase of a MYGA (Multi-year Guaranteed Annuity). TYPE: Non-qualified OBJECTIVE: Pass funds to beneficiaries efficiently and without investment or interest rate risk. Also, maintaining access to the principal in the event it is needed for unforeseen circumstances….
Client Profile: AGE: Late 60s to age 80 SITUATION: MYGA owner (or any annuity not needed for retirement) or purchasing with cash TYPE: Non-qualified OBJECTIVE: Long-term care coverage, modest growth, unused funds passing to a beneficiary The Lowdown Considering how low multi-year guaranteed annuity rates were from 2010 until 2020-2021, it’s no surprise that MYGA…
If you have clients ages 55-65 who are self-employed (at least one person for a married couple) and plan to work for 5-10 more years, use this powerful federal tax deduction in conjunction with purchasing a hybrid long-term care policy. Hybrid Long-Term Care Policy Essentials Built on a life or annuity chassis, these policies allow…
National Rates and Commissions California Rates and Commissions Not Available In NY or CT
Confused about which commission option to select for the CoreBridge Assured Edge Income Builder – NY? Use this handy withdrawal matrix and calculator to determine the best commission option for your business! How to use: Download the calculator below Now that you have an idea of which commission options are most advantageous for your business,…
SBLI SBLI NY Oceanview Oceanview CA American Equity* *Product is banded. Lowest rates are for <100k, highest rates are for >250k Not all products/rates the same in all states. Please contact us for more details