During the last week we have worked on dozens of life, long term care, disability and annuity cases working alongside our Advisers.
If you are not discussing these issues with your clients, then who will?
Westland is here to help you protect your clients, their, families, their businesses and their portfolio.
A young Doctor age 37 with income of $200,000 last year and expecting $500,000 income this year has maxed out 401(k) and was looking into additional alternatives and life insurance protection. Advisor first requested a large insurance policy, but his net worth was just over $1,000,000 and financially he wasn’t able to qualify for a $10,000,000 plus policy. A good rule of thumb in this situation is no more than 10 x earnings as a death benefit.
Client was willing to commit $100,000 for 10 years.
We were able to show a Indexed Life solution. That premium would provide an initial death benefit of $3,500,000 and growing to about $6,500,000 at age 65.
If product performs as expected, client will also enjoy $593,000 of tax free income at age 65 for life.
Call for assistance with a case today.