Tuesday Tips – April 25th, 2017
LMG Income Rider
Legacy Marketing Group has announced changes to the Income Freedom Rider on the F&G suite of products. In general payout factors will be increasing for older ages and reducing for younger ages. Changes will take affect May 19th and in order to receive the current rates applications must be at the home office by May 18th. Call today for additional details.
F&G Rate Special
There are still a few days left to take advantage of F&G 3.10% 5 year MYGA rate special. The special will officially end on April 28, 2017 and the new rate will be 1.85%. Call today for additional details.
Beyond Capital Transfer
Life insurance can play a vital role as part of a financial plan. Cash value life insurance is often used as a way to generate supplemental income in retirement for a client. While many advisors are familiar with this LIRP concept there are a variety of other ways life insurance can be used to increase a client’s income in retirement. Our Beyond Capital Transfer guide takes an in depth look at various life insurance strategies that can increase income in retirement while also reducing the impact of taxation. Request your guide today.
According to a recent study by the new York fed, about a third of consumers said they would have trouble coming up with $2,000.00 in the event of an emergency. What was most pronounced was that only 11% of those with a credit score over 760 would have trouble versus 64% of those with a credit score below 680.
MTL Horizon Value Whole Life
Mutual Trust Life is a new insurance carrier that we’ve brought on. Their flagship product is the Horizon Value participating whole life policy. The product writes ages 0-75 and is designed to build competitive cash values with flexible access to the funds. The product offers a guaranteed minimum 4% interest rate and also offers a chronic illness rider. Call today for additional details.