we all have two primary financial problems: dying too soon… dying too soon… or living too...
TRANSCRIPT
We all have two primary financial
problems:
DYING TOO SOON…
OR LIVING TOO LONG…
………..FINANCIALLY
How Money Works….A Quiz
Three Refrigerators have a Guaranteed 20 yr. Life Span. If price was not an issue, which one would you choose?
Refrigerator A
$1000.00Today’s Cost:
Replacement Cost:
$3000.00
OR
Refrigerator B
$2000.00
FREE
Refrigerator C
$3000.00
FREE + receive $3000 BACK
OR
Life Insurance is a substitute for the money you don’t have. It provides the instant estate your loved ones would need should you die prematurely, before your living estate is built ( ie 401k, IRA’s, SEPs, etc..). When you have a lot of money you don’t need life insurance.
.
When is there a Need for Life Insurance ?
Any Time a Loss of Income Would be Devastating !!
1. Young Children 4. Mortgage 7. Wealth Transfer (GDBUL)2. Dependents 5. Business Partnership3. Debt 6. Estate Preservation ( GDBUL )
Life Insurance is sold on a COST PER THOUSAND basis, and only a small handful of carriers
factor and apply CURRENT mortality tables yearly in calculating the premiums for new clients.
What Type of Life Insurance Protection Do You Have in Place ??
Age
45
49
54
20 Yr guaranteed level Term Based on $500,000 Face Amount Best Term Rates available as of 9/20/10.Monthly Premiums; Rates are current and accurate to the best of our knowledge but subject to change at any time.
Male-Female
NWM NYL BANNER AGL
71.93 – 62.30 69.56 - 55.69 54.69 – 42.88 53.48 - 42.79
106.93 – 84.18 104.13 – 92.31 77.87 – 55.56 75.60 - 60.29
142.54 – 107.98 155.31 – 110.69 119.00 – 89.25 120.23 – 93.98
Logan Hunter Group / Wealth Plus Financial
Independent Advisory Services
“Build, Protect, and Preserve Legacies”
Our Solution: Split Funding
The Plan of the future TODAY!
Example: $750,000 face amount to age 70, with a separate FIA .
The Prime Earning Years
Young children
Debt
Mortgage
Not as much savings as should
have…
Loss of income would be
devastating!
The Later Years
Children are grown
Lower or no debt
Mortgage reduced/paid
Retirement income needed
Age 50
$750,000 Face Amount to age 70 (PNT)
Guaranteed level death benefit, level Premium, renewable without evidence of insurability to 95- $141 a month!!! ( converting to either annual renewable or decreasing term at the end of term if not otherwise acted upon )
Reposition your money to make it work harder for you! For example, if you have $150,000 net assets thus far, compounding at an average of 8%... … and max out yours and your spouses ($833 a month) SEP IRAs or ROTH IRAs, in 20 yrs your net worth is $1,229,502! ( $1.9MILLION in 25 years! ), not including your home equity!!!
How much life insurance do you need if you already have a million plus???
What would be better for your family if you died prematurely?
$125,000 of Whole Life, $200,000 of Universal Life, or $750,000 of Term???
( For the same $140/mo.)
Buy a guaranteed renewable, convertible 20 yr. level
term and max out your SEP IRA’s or ROTH’s!
***Age 70
Independent Financial& Advisory Services
“Build, Protect, and Preserve A Legacy”
Age 50
Logan Hunter Group / Wealth Plus Financial
*** Life Settlement at age 70 yields $52,500 in cash buyout to policy owner ( 7% avg), especially on guaranteed convertible, renewable term.
The Rest of the story…
Buying Renewable Level Term and Investing the Difference separately creates a larger estate should you die prematurely, and a larger “Living Estate” should you outlive the
term.
$2,000 invested separately @ 8% is $48,546, @ 9% its $72,219 … and 10% it’s $107,401!!!
Refrigerator A
$1000.00
WealthPlusIndependent
Advisory Services
“Build, Protect, and Preserve Legacies”
Guaranteed Renewable, Level Term (10,15, 20, 25, 30, 35 yr
level) Buys you the Time you need to finish ( Accumulation )
building your estate. Creates an Instant, Tax Free Estate, as cost effectively as
possible. With guaranteed renewability without proof of insurability
to age 95, if you have cancer in year 19 of a 20 year term you are guaranteed renewal should you choose to do so at the original underwriting class.
Conversion options to age 70 without evidence of insurability ( few companies offer this ) strengthens the owners position for a more favorable Life Settlement at the end of the level term period ( no need to terminate, sell it back ), or the conversion option to permanent without over paying the 1st 20 yrs
Current 2009 Mortality tables used in factoring rates. Terminal Illness Accelerated Benefit Rider- free. ( 50% of
the Death Benefit advanced if terminal illness is proven ) Disability waiver of premium- available for a fee.
( Permanently waives premiums should the insured become disabled )
…it just
makes better sense!
…and a separate FIXED INDEX RETIREMENT ANNUITY
Logan Hunter Group / Wealth Plus Financial
Independent Advisory Services
“Build, Protect, and Preserve Legacies”
“Since 1992”
623-551-8376 602-803-7756
SCOTT E. BUCHER SVP, MGA
Logan Hunter Group/WEALTH PLUS FINANCIAL LLC.
“Financial Solutions For Life”RISK MANAGEMENT – Life
Insurance, Long Term Care Insurance, Business Continuation, Disability.
ASSET MANAGEMENT – Wealth Preservation, Asset Transfer, Dynasty Trusts, Limited Partnerships, Charitable Remainder Trusts.
LIFE SETTLEMENTSREVERSE MORTGAGESINCOME MANAGEMENT
SOLUTIONS
Independent Advisory Services
“Build, Protect, and Preserve Legacies”
Logan Hunter Group / Wealth Plus Financial
Wealth Plus Financial LLC.Established in 1992
“ Financial Solutions For Life! ”
Thank You For The Opportunity To Serve You!
“Our dedicated staff is committed to helping our clients build, protect, and
preserve their Legacy.
We are honored and grateful for the opportunity
to serve them.”
Independent Advisory Services
“Build, Protect, and Preserve Dignity”
Logan Hunter Group / Wealth Plus Financial