Case 1 – Premium Finance Case – this option can fit many client scenarios: A top financial adviser called to discuss a case for a high wage earner that needed life insurance protection and add a significant supplemental tax-free income to his retirement plan. Doctor Age 51.
A max funded Indexed Life Program was designed with a premium finance option to keep out of pocket amounts at a minimum.
Out of Pocket from Client $100,000 for 5 years
Premiums for life policy: $198,589 for 10 years
Initial Net Death Benefit: $3,423,000
Projected Tax Free Income at age 65: $95,000 Annual for life.
Expected death benefit at life expectancy (late 80’s): $2,000,000
You can do this! One case a year could really boost your practice and help a client.
Compensation to Adviser: over $65,000
Call or E-mail Nancy Woo, Director of Life Marketing, to help you design a case today.
E-Mail: Nancy Woo