Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Products and financial services provided.

Slides:



Advertisements
Similar presentations
For rep/agent use only. Not for further distribution.
Advertisements

© 2012 VSA, LP Valid only if used prior to January 1, The information, general principles and conclusions presented in this report are subject to.
Hi, my name is [presenter] with Forethought Life Insurance Company.
A New Tax Law That is Actually Good For You Section 844 of the Pension Protection Act of 2006.
Annuity Fundamentals Linda L. Lanam Vice President, Annuities & Market Regulation May 2005.
I /15/09 I Protecting Your Retirement Nest Egg Not a deposit. Not FDIC Insured. Not guaranteed by any bank. Not insured by any Federal government.
One simple approach How Lincoln MoneyGuard ® Reserve may help leverage your assets [Name] [Title] [Date] ©2008 Lincoln National Corporation
Annuities: The Whole Story Presented by: Matthew J. Curfman, CFP® Senior Vice President of Investment Services Richmond Brothers Financial Management Specialists,
LEGACY ASSETS and WEALTH TRANSFER SALES IDEAS. QUESTION: If I can show you how to leave a greater inheritance, income tax free and you still control the.
How overlooking this aspect of diversification could impact a client’s retirement income A life insurance educational presentation Presented by [Name]
The Perfect Plan… To Rescue Poorly Performing Assets Agent Use.
Reward & Retain with Simplicity Direct Gifts Using Life Insurance ©2014 Voya Services Company. All rights reserved. CN An Efficient Way To.
(10/05) For Agent Use Only Ultra Protector Americo Financial Life and Annuity Insurance Company Product Training.
An Indexed Universal Life Plan AS AN ASSET BUILDER & AS A LEGACY… Property of Ebbert Insurance Inc. Do not recreate, reproduce or Redistribute without.
1 Michael Harrison Associate Director, Sales and Education Single Premium Immediate Annuity.
Contracts issued by ING USA Annuity and Life Insurance Company. Service Office: 909 Locust Street, Des Moines, Iowa Fixed annuities are long-term.
A LTERNATIVE LONG - TERM C ARE STRATEGIES. Not your typical “night out” conversation. Date Night.
©2007 Lincoln National Corporation For agent or broker use only. Not for use with the public. LCN (FAX ) 8/07 Lincoln Living Income.
Accumulating Funds in an Annuity
Name Annuity doctor State & State License Number.
Avoiding Common Annuity Mistakes NFM-8802AO.2 (5/13) For Client Use Brought to you by the Nationwide ® Advanced Consulting Group.
Presenter Name Presenter Title Date of Presentation
© 2004 ME™ (Your Money Education Resource™) Estate Planning Chapter 11: Life Insurance in Estate Planning.
Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Products and financial services provided.
Annuities. Definitions of Annuities Fixed Account credited with a fixed interest rate Held in the insurance companies general account Need insurance license.
1 ForeCare: A Fixed Annuity for the 21 st Century 1 FOR TRAINING PURPOSES ONLY. NOT FOR USE WITH THE PUBLIC.
Secure your retirement future Managing the financial risk of long-term care [Name] [Title] [Date] LCN /07.
LTC Insurance Sales Concept of the Month John Hancock Long-Term Care Insurance A New Age in LTC Leveraging the Enhanced GPO and the 5/3% Compound Inflation.
Copyright  2002 by Harcourt, Inc. All rights reserved. CHAPTER 14: MEETING RETIREMENT GOALS Clip Art  2001 Microsoft Corporation. All rights reserved.
A Revolutionary Approach to Long-Term Care AC-SEM-04 1.
Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Products and financial services provided.
Variable & Variable Universal Life Insurance  Variable Life  Combined traditional whole life insurance with mutual fund type of investments 
CHAPTER 14: MEETING RETIREMENT GOALS 14-2 Pitfalls in Retirement Planning  Starting too late.  Putting away too little.  Investing too conservatively.
LIVING LEGACY ® III Introducing S HENANDOAH L IFE I NSURANCE C OMPANY Presentation Form #5409A – 3/07 Universal Life Insurance Policy Form L /06.
12/2009For agent/broker use only. Pension Protection Act & LTC Planning Bill Comfort, CLTC Comfort Assurance Group, LLC St. Louis, MO.
LBL7172 Allstate Insurance Company 1 Financial Focus Accessing Your Retirement Money Not FDIC, NCUA/NCUSIF insured * Not a deposit * No.
Chapter 14 Annuities and Individual Retirement Accounts
Annuity Funded Life Preserving Assets for the Next Generation.
LCN For broker/dealer use only. Not for use with the public. From income to heirs Help protect your client’s estates and increase their assets.
1 For agent use only. Not for dissemination to the public. Annuities 101 For Agent Use Only — Not for Dissemination to the Public.
Hybrid LTC Strategies Copyright © C.O.R.E. GROUP USA, INC. and C.O.R.E. Marketing, Inc. All rights reserved. Marvin Johnson Relationship Manager.
Westland Financial Services The Financial Professional’s Best Insurance Source Since 1976.
A Revolutionary Approach to Long-Term Care AC-SEM-04 (FL) 1 Underwritten by Guaranty Income Life Insurance Company Baton Rouge, LA.
Take Charge of Your Money when you leave your job LFD [Presenter's Name] [Presenter's Title] [Presenter's Firm Information] [Date of Presentation]
Immediate Annuities Paul Irving Manager, Annuity Marketing CPS Ron Viola Insurance Services.
Americo Financial Life and Annuity Insurance Company Ultra Provider & Senior Legacy Flexible Premium Deferred Annuity Agent Training Guide Why Americo?
NP (11/09) Cat# For Financial Professional Use Only. Not for Distribution to the Public. AXA Advanced Markets Retirement Income Worksheet.
Using Life Insurance to Enhance Wealth Transfer For Producer or Broker/Dealer Use Only. Not for Public Distribution.
1 LTC Planning Options… -Three ways you can fund your LTC plan 1. Use your own personal or family’s savings & investments - Self Insure - Self Insure 2.
Life Insurance In Qualified Plans Chapter 32 Tools & Techniques of Life Insurance Planning  What is it?  Life insurance is purchased and owned.
AG Secure Lifetime GUL II ® Lifestyle Income Solution SM Introducing… FOR PRODUCER USE ONLY-NOT FOR DISSEMINATION TO THE PUBLIC Presented by… Levi Robinson,
Protecting your retirement nest egg I-22308(FL) 12/31/11.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency.
Annuities Mark Ricklefs CLU ChFC CFP. Caveat This presentation is for informational purposes only. The speaker appearing at this meeting is solely responsible.
Annuity Funded Life Preserving Assets for the Next Generation.
Product Wizard Start PR /12FOR AGENT USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES. 1.
Phoenix FamilyShield Annuity SM A Single Premium Immediate Annuity designed for Medicaid planning For Producer training purposes only. Not for use with.
Your Asset-Based LTC Opportunity
EXPLORING THE OPTIONS OF ASSET-BASED LTC
Changing the way we view Long-Term Care Insurance
Principal Deferred Income AnnuitySM
ASSET-BASED LTC A CLIENT-FRIENDLY OPTION
Voya Lifetime Income Annuity
Protecting your retirement nest egg
Your Asset-Based LTC Opportunity
Stable, Predictable, Guaranteed: Asset-Based LTC Paid for Annually
Tax-Deferred to Tax-Free for LTC: LTC Annuities
Presentation transcript:

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company S TATE L IFE C ARE S OLUTIONS A SSET -B ASED L ONG -T ERM C ARE T RAINING Webinar 1/3/12 1 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company First some house keeping A fixed annuity is a long-term, tax-deferred insurance contract designed for retirement. It allows an individual to create a fixed stream of income through a process called annuitization and also provides a fixed rate of return based on the terms of the contract. Fixed annuities have limitations. If your client decides to take money out early, they may face fees called surrender charges. Plus, if your client is not yet 59 ½, they may also have to pay an additional 10% tax penalty on top of ordinary income taxes. Your client should also know that a fixed annuity contains guarantees that are subject to the issuing insurance company’s ability to pay for them. As your clients’ personal situations change (e.g., marriage, birth of a child, job promotion, retirement, relocation, etc.), so will their life insurance needs. Care should be taken to ensure this product is suitable for their long-term life insurance needs. They should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit their individual needs. Riders are optional and carry an additional cost. The long-term advantage of an optional benefit will vary with the terms of the benefit option and the length of time the product is owned. As a result, in some circumstances, the cost of an option may exceed the actual benefit paid under the option. Please note that the replacement of an existing annuity must not be made unless all factors are weighed and it is documented as suitable for the client. Products underwritten and issued by The State Life Insurance Company, Indianapolis, Indiana. Policy Forms: Asset-Care: L301, SA31 and R501 (or state variation); Annuity Care and Annuity Care II: SA34, SA35, R508. Product and riders may not be available in all states or may vary by state. All guaranteed are subject to the claims paying ability of State Life. For company and recruiting use only. Not for public distribution. 2

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company LTC Market Declining sales Inforce rate increases Companies exiting the market 3 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company LTCI New Business Trends Annual Review 2009, LIMRA For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Result? More relying on Assets 5 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Leveraged Assets 6 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 7 Husband and wife, each 65 $100,000 single premium Immediately $195,312 death and LTC benefit Need it for LTC? You receive: $3,906 monthly LTC benefit If you die? You receive $195,312 If you surrender You receive at least your $100,000 Plus: 4% minimum guaranteed interest rate Optional lifetime coverage available with guaranteed premiums Patented joint life option Life Insurance with LTC benefits: Available lifetime benefits For company and recruiting use only. Not for public distribution. Numeric examples are hypothetical and were used for educational purposes only.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Sales Idea: 2/28/09 8 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Annuity Statistics 1.57 Trillion = total deferred annuity assets LIMRA, The 2008 Individual Annuity Market 141 billion = 2008 non-qualified deferred annuity sales LIMRA, The 2008 Individual Annuity Market Non-qualified annuity average purchase age – 66 The Gallup Organization, 2009 Survey of Non-Qualified Annuity Contracts How Many will Die with Annuity? 9 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Annuities According to 2009 Gallop survey of Non-Qualified Annuity owners: –83 % intend to use their annuity as a financial resource to avoid being a financial burden on their children –73% intend to use their annuity as an emergency fund in the case of a catastrophic illness or for nursing home care 10 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Changing Market Place 11 Interest rate market vs. value market Low interest rates Low guarantees Value – PPA and Annuity Care ® can give new life to annuities. For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Leveraged Asset 12 For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company $50,000 basis + $100,000 gain = $150,000 cash value 1035 ExchangeLong-term care expenses $150,000 Existing annuity (funded with after-tax dollars) HIPAA qualified PPA eligible annuity Taxes owed on gain which is withdrawn first Income tax-free as a reduction of cost basis Withdrawal KEY SIMILARITES: PENSION PROTECTION ACT 13 Not FDIC Insured-May Lose Value-Not Bank Guaranteed –For company and recruiting use only - Not for Public Distribution For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company ANNUITY 36 Months C.O.B 36 months Annuity Based LTC Separate Contracts CONTINUATION OF BENEFITS C.O.B. is Optional 14 Not FDIC Insured-May Lose Value-Not Bank Guaranteed –For company and recruiting use only - Not for Public Distribution For company and recruiting use only. Not for public distribution. Note: benefit periods listed are shared if two annuitants

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 15 CONTINUATION OF BENEFITS ANNUITY 36 Months C.O.B 36 months C.O.B. is Optional Life Time Benefits Annuity Based LTC For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 16 CONTINUATION OF BENEFITS ANNUITY 36 Months $150,000 / 2.9% per MO ANNUITY 36 Months $150,000 / 2.9% per MO C.O.B 36 months $150,000 = Total $300,000 C.O.B 36 months $150,000 = Total $300,000 C.O.B. is Optional Life Time Benefits = Unlimited Annuity Based LTC Max Age 85 Initial Monthly Benefit $4,350 For company and recruiting use only. Not for public distribution. Numeric examples are hypothetical and were used for educational purposes only.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Annuity Based LTC CONTINUATION OF BENEFITS C.O.B. is Included 17 Not FDIC Insured-May Lose Value-Not Bank Guaranteed –For company and recruiting use only - Not for Public Distribution ANNUITY C.O.B. ANNUITY C.O.B. For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Annuity Based LTC PAYMENT OF C.O.B. PREMIUM 18 Not FDIC Insured-May Lose Value-Not Bank Guaranteed –For company and recruiting use only - Not for Public Distribution ANNUITY C.O.B. ANNUITY C.O.B. Monthly charge for COB C.O.B. is Included For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company Annuity Based LTC PAYMENT OF C.O.B. PREMIUM 19 Not FDIC Insured-May Lose Value-Not Bank Guaranteed –For company and recruiting use only - Not for Public Distribution ANNUITY C.O.B. ANNUITY C.O.B. Monthly charge for COB 36 Mo C.O.B. is Included For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 20 Annuity Based LTC ANNUITY C.O.B. ANNUITY C.O.B. Monthly charge for COB 36 Mo 72 Mo CONTINUATION OF BENEFITS C.O.B. is Included For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 21 Annuity Based LTC ANNUITY 24 Mo Single 30 Mo Joint C.O.B. Age 80 ANNUITY 24 Mo Single 30 Mo Joint C.O.B. Age 80 Monthly charge for COB 36 Mo Age Mo Age Mo C.O.B. OPTIONS C.O.B. is Included For company and recruiting use only. Not for public distribution.

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 22 Annuity Based LTC Female Age 70 ANNUITY $100,000 C.O.B. $150,000 ANNUITY $100,000 C.O.B. $150,000 Monthly charge for COB 36 Mo 72 Mo 108 Mo C.O.B. OPTIONS $250,000 LTC C.O.B. is Included For company and recruiting use only. Not for public distribution. Numeric examples are hypothetical and were used for educational purposes only. Note: The amount of COB benefit is based on sex, age at issue and the LTC claims method chosen

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 23 Annuity Based LTC Female Age 70 ANNUITY $100,000 C.O.B. $150,000 ANNUITY $100,000 C.O.B. $150,000 Monthly charge for COB 36 Mo $300, Mo 108 Mo $250,000 LTC $400,000 LTC C.O.B. OPTIONS C.O.B. is Included For company nd recruiting use only. Not for public distribution. Numeric examples are hypothetical and were used for educational purposes only. For company and recruiting use only. Not for public distribution. Note: The amount of COB benefit is based on sex, age at issue and the LTC claims method chosen

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company 24 Annuity Based LTC Female Age 70 ANNUITY $100,000 C.O.B. $150,000 Monthly charge for COB 36 Mo $300, Mo $450, Mo $250,000 LTC $400,000 LTC $550,000 LTC C.O.B. OPTIONS C.O.B. is Included Numeric examples are hypothetical and were used for educational purposes only. For company and recruiting use only. Not for public distribution. Note: The amount of COB benefit is based on sex, age at issue and the LTC claims method chosen

Products and financial services provided by T HE S TATE L IFE I NSURANCE C OMPANY | a O NE A MERICA ® company The State Life Sales Desk For company and recruiting use only. Not for public distribution.