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ASSURED INCOME PROTECTOR - Westlandinc

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					Westland Financial Services


   The Financial Professional’s Best
       Insurance Source Since
                 1976
Westland Financial Services


    Life Insurance
    Annuities
    Long-Term Care
    And Now……
    Introducing the REVERSIONARY ANNUITY
ASSURED INCOME
PROTECTOR

INSURANCE FOR THE BOOMER
GENERATION



 Underwritten by: Assurity Life Insurance Company; Form Number: AR 100, AR 103, & AR 105
Purpose of Life Insurance

   Liquidate Debts
       Mortgages
       Consumer Debt
       Other
   Pay Taxes
       Income Taxes
       Estate Taxes
   Replace Income
Life Insurance For Income

   The Traditional Way
       Receive lump sum Death Benefit from Insurance
        Company
       Invest Proceeds with Advisor
       Manage Investment Account
       Manage Investment Advisor
Life Insurance For Income

   The Traditional Way
       To receive greatest income
         Invest Aggressively

         Accept Higher Risk

         Accept Greater Uncertainty
Life Insurance For Income

   The Traditional Way
       To Eliminate Risk and Uncertainty



               Take Less Income
Life Insurance For Income –
          A Reversionary Annuity

   The More Efficient Approach
       Purchase a Stream of Income
           For the Life of the Beneficiary
           For a Specified Period of Time
Life Insurance For Income –
          A Reversionary Annuity

   Assured Income Protector
       Monthly Income you Choose at Time of Issue
           More Dependable
           More Predictable
           More Tax Efficient
           Less Expensive
Life Insurance For Income –
          A Reversionary Annuity

   Assured Income Protector
       Issue Ages
           Insured – 18-85
           Beneficiary 0-85
       Monthly Benefit
           Monthly Income for Life of Beneficiary
           Monthly Income for Life with 10 Years Certain
Life Insurance For Income –
          A Reversionary Annuity

   Assured Income Protector
       Specific Monthly Benefits
           Level Benefit Option
           3 Percent Increasing Option
               Yearly Increase begins on 1st Anniversary of Policy
           5 Percent Increasing Option
               Yearly Increase begins one Year after the First Monthly
                Benefit Payment to the Beneficiary
Life Insurance For Income –
          A Reversionary Annuity

   Assured Income Protector
       Premium Options
           Life Pay to age 100
           10 Pay Option
       Additional Benefits (no charge)
           Simultaneous Death Benefit
               Greater of $15,000 or 6 months benefits payable to
                Owner
           Accelerated First-Year Benefit
               90-95% of First year Benefits, Payable as lump sum in
                place of 1st year monthly payments.
Life Insurance For Income –
          A Reversionary Annuity

   Assured Income Protector
       Premium Protection Rider
           Paid Premiums Refunded over 10 years if Beneficiary
            Predeceases Insured
       Special Term Plan
           Discounted Term Premium to Guarantee Right to
            convert within a year.
Life Insurance For Income –
          A Reversionary Annuity

   Survivor Income Alternative
       State Teachers Retirement System
       Public Employees Retirement System
       Municipal and County Retirement System
       Federal Government Retirement Plan
       Union Retirement Plans
Life Insurance For Income –
          A Reversionary Annuity

       Survivor Income Alternative
        Retiree must choose:
        1. Select the Maximum Pension Benefit ‘WITHOUT’ Survivor
           Benefits; or
        2. Select a Reduced Pension Benefit ‘WITH’ Survivor
            Benefits
        Could be Costly Either Way
        Best to Get the Greatest Benefit at the Lowest Cost
Pension Max is Back

   The Reversionary Annuity Now Available
       To Guarantee the Greatest Income
           To the Retiree
           To the Beneficiary
Karen & John1 are Deciding How to
Receive Karen’s STRS Pension Benefits
   Karen’s Maximum Monthly Benefit is
    $5838.86
       All Taxable
       Payable for her Life
       No Survivor Benefit for John
   Karen’s Alternative Benefit is $5059.00
       All taxable
       Payable for her Life
       Continues to be paid to John at her death
       Cost for Survivor Benefit is $779.86/mo
    1. Female and Male both age 60
The Pension Max Alternative

   Instead Karen Selected the Maximum
    Pension Benefit from STRS
   Then Purchased $5059 of Assured Income
    Protector from Assurity Life for a Survivor
    Benefit for John
   The Cost to Provide John a Lifetime Benefit
    is $350.09 per month.
The Pension Max Alternative

   Pension Cost of Survivor Benefit $779.86/mo
   Insurance Cost of Benefit        $350.09/mo

   Increased Monthly Pension Benefit for Karen
                   $429.77/mo
                    ($5,157/yr)
The Pension Max Alternative

   ….And One More Interesting Feature

       The Survivor Income is Substantially
              INCOME TAX FREE
Life Insurance For Income –
          A Reversionary Annuity

       Retired Client needs Income for Spouse
           Current Insurance
            Face Value - $260,000
            Annual Premium - $6000
            Cash Value - $72,000
            Income available from D/B at 5.25% = $1137.00
            Income available from D/B using a SPIA = $1618.00
Life Insurance For Income –
          A Reversionary Annuity

       Retired Client needs Income for Spouse
           Planner’s Recommendation
            Surrender Life Policy
            Purchase R/A with $6000 Annual Prem. - $2500 Mo. Benefit
            $72,000 to Purchase Single Prem. RA - $1500 Mo. Benefit

            Total Survivor Income Available     - $4000. vs. $1618
Other Outstanding uses for Assured
Income Protector
   Provide Survivor Income to Younger Spouse
       Can specify and guarantee the monthly amount
       Can provide for cost-of-living increases
       No financial management required
       Less chance of others asking for money
   Second Marriage, Prenuptial or Divorce
       Secures lifetime income for current spouse and
        assets to children or other heirs.
       Perfect source of income to cover alimony
Other Outstanding uses for Assured
Income Protector

   Executive Benefit
       Lifetime Income to Spouse an attractive Perk
   Protection for Special Needs Children
       Lifetime Income for Children
           Dependable
           Inflation protection
           No management issues
Life Insurance For Income –
          A Reversionary Annuity

       An Exciting Concept to Protect Survivors
        Less Expensive
        Tax Efficient
        Built in Guarantees
        Built in Predictability
        Inflation Protection Available
        Lifetime Benefits
Life Insurance For Income –
          A Reversionary Annuity

       Who Should Consider
           Retiring
            City, County, State and Federal Employees
            Parents with Special Needs Children
            Older Clients with Younger Second Spouse
            Midlife Breadwinner to Protect Income to Spouse
            Divorcing Couple Required to Insure Child Support
            Any Other Time the Primary Use for Insurance is Income
Questions???

                  For
              Contracting
             Sales Materials
               Proposals
              Applications
               Questions
       Call Gene, Nancy or Thais at
    Westland Financial Services, Inc.
 (800) 238-8144 – www.westlandinc.com

				
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posted:1/22/2013
language:English
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