Tuesday Tips – February 24th, 2015
American Equity Rate Decrease
American Equity has announced a rate decrease that will take effect March 3, 2015. Several of the products are affected and there are some substantial decreases. Call today for more details.
QLAC status is now available with Lincoln National’s deferred income annuity. Call today for state availability and rates.
Buy Sell Arrangements
Many advisors are aware of buy sell arrangements and the ins and outs of this strategy. Typically most buy sells incorporate term insurance for the benefit but, permanent cash value life insurance can be a great product to use for these arrangements. Not only is there a death benefit a pool of cash is created that can be used for deferred income or liquidity purposes. Attached is a sales flyer discussing this concept.
The estimated shortfall in public pensions is estimated to be $4 trillion or more. While there are a number of reasons for this such as not setting enough money aside, employee contributions not high enough, and low investment returns. There doesn’t seem to be a clear cut solution to the issue that everyone can agree on.
Genworth Asset Builder II
Genworth has launched its new indexed universal life contract. The product is designed for max accumulation with annual point to point caps as high as 18%. Call today for state availability and details.