Asset Retention
Details: Male and Female, Age 60, Preferred Non-Smoker.Their current policy is a Survivorship GUL policy that costs $115,016 a year and is payable all years to age 100 for 10 million.
Goals: Allow new gifting flexibility and asset retention.
Solutions: We show a counter using premium finance where the client paid up to 115k for 6 years of interest and was able to roll out of the loan under conservative assumptions in year 11. Life Expectancy IRR on death benefit, non-financed 8.04% and financed 13.75% and a cost savings of over 2.4 million dollars.
Supplemental Retirement Income
Details: 50 Year Old Male, Preferred Non-Smoker.
Goals: Premium Finance for Supplemental Retirement Income with Potential Asset Protection.
Solutions: We show a comparison of the client paying 50k into an IUL non-financed compared to paying 50k of interest. We show the comparison based on IRR of Death Benefit and IRR of cash values. The client gets:
- More Death Benefit
- More Cash Flow
- No Collateral Required
- Potential Asset Protection
- And target goes from 16k to 50k
Potential Asset Protection
Details: 45 Year Old Male, Preferred Non-Smoker.
Goals: Premium Finance for Supplemental Retirement Income with Potential Asset Protection.
Solutions: We show a comparison of the client paying 50k into an IUL non-financed compared to paying 50k of interest. We show the comparison based on IRR of Death Benefit and IRR of cash values. The client gets:
- More Death Benefit
- More Cash Flow
- Potential Asset Protection
- And target goes from 16k to 100k
Supplemental Income
Details: 45 Year Old Male, Preferred Non-Smoker.
Goals: Premium Finance for Supplemental Retirement Income with Potential Asset Protection.
Solutions: We show a comparison of the client paying 50k for 7 years into a non-financed IUL vs paying 50k of interest and principal for 7 years.
- Income from age 67 to 100 increases from 86,742k to 142,693k
- Target increases from 16k to 50k
- No collateral is needed