Insurance Planning

The antidote to uncertainty: Guarantees from 100-year-old insurers.

Are you overpaying to be under-insured?

People are living longer and that means the cost of life insurance is at an all-time low.

Better yet,  you no longer have to die to receive excellent retirement and asset protection benefits from life insurance. "Living benefits" now include

  1. Provisions for long-term care funding with NO ANNUAL PREMIUMS and RETURN OF PREMIUM if you end up not needing the care.
  2. TAX-FREE INCOME:  Properly "overfunding" (also known as "max funding") a cash-value policy may result in exceptional income -- income that can be tax free when properly arranged.
  3. Insurance guaranteed for life, with return of premium if you prefer:  You can now choose policies that can guarantee your death benefit for a lifetime, including LTC benefits, yet enjoy a RETURN OF PREMIUM if you decide you no longer need the insurance, and want a return of your money, instead.

Asset Protection, Wealth Creation, Wealth Preservation, Privacy, Tax Advantages:  A Secure and Simple Solution to Insuring Important Outcomes--CLICK HERE TO LEARN MORE ABOUT BUILDING A TAX FREE CASH RESERVE, combined with a tax free family benefit.

 

What Is Life Insurance?

The most basic answer is this: life insurance is a financial tool that helps you safeguard your family's future. However, that would describe only one type of life insurance. Today, life insurance has expanded its capabilities and can provide retirement income, a viable alternative to risky investments when building a financial plan and a way to fund long-term care planning.

In the past, life insurance was not something you would buy for yourself. It was something you would buy so your family was protected after you pass away. It still can fit that bill better than any other holding, dollar for dollar.

Today, with proper design, your dollar can go even further. A cash value life insurance policy can be a strategic way to diffuse the tax time bomb on IRAs and 401(k)s, converting taxable risk capital into powerful guaranteed benefits and cash that a traditional Roth IRA conversion is simply incapable of. Rather than a one-dimensional taxable investment that is market reliant, own a guaranteed asset from a powerful insurer that can multiply your estate.

Is term insurance really the lowest cost, or simply the cheapest?

When you were younger and struggling, term insurance was the low-budget way to take care of your family. As you reach your mid 40s, 50s, 60s and 70s, however, term becomes more expensive and you may be looking for cost-effective ways to accomplish financial goals on a permanent ownership basis, rather than renting a policy and seeing that money go down the drain one day. Term has its place, but not if you are looking for long-term solutions.

The newer forms of life insurance offer multiple benefits not seen in the past. And because insurance companies are benefiting from longer lifespans, the cost of insurance has come down significantly over the past 20 years.

The primary purpose of life insurance is the death benefit, but the ancillary benefits are now too strong to ignore.

You may be pleasantly surprised to learn that the cost of permanent protection can be built into your overall financial plan without strain. Many are even using cash value life insurance as a Roth IRA alternative -- systematically transferring taxable assets from traditional IRAs into cash value or lifetime guaranteed life insurance with long term care living benefits. It is a proven winning combination.

If fortifying your estate in case of your early passing is the primary concern, you will never be younger than today and therefore the cost of insurance may never be lower for you than today. It’s hard for anyone to think about death, but proper planning requires it. Will your family be able to maintain their desired lifestyle in the event of your untimely death? Will there be funds to pay any remaining debts? Will they be able to complete your special goals, such as the education of a child or grandchild? How can you be sure that your present financial plans and existing assets and savings are sufficient?

By asking a few confidential questions, I can help you zero in on the most cost-effective way to arrange your estate for protection, privacy and wealth preservation. We'll get together and chat while I gather the essentials for an analysis. The analysis will examine your cash flow now, and what your potential shortfalls could be in the future. We can stress-test your current plan and bolster where necessary. Our goal is not to spend your money, it is to reduce your costs and put you in a stronger financial position.

This analysis will help you plan and identify which assets may be currently lazy or ineffective. Together, we can determine if they can be better utilized without putting any strain on your pocketbook.

Today, there are many innovations in life insurance from companies that have over a century of building and protecting wealth for families throughout the United States. Living benefits and cash accumulation have made life insurance a versatile and effective tool for planning not only for what happens after you're gone, but for addressing income and emergency spending needs while you are very much alive.

Retirement income planning can include specific forms of life insurance where we take the time to design the policy with a lower death benefit and lower agent compensation from the insurer, in order to emphasize the enhancement of cash value and accumulation within the policy. Exceptional indexing and dividend paying options are available. Most people are surprised by the accumulation and income potential. The fact that income may be tax free, is so much the better. This process can be referred to as "overfunding" a policy and is not only accepted, legal and viable -- it is becoming a more common method of achieving retirement goals.

When Only the Best Will Do

As a fiduciary, your interests come first. As an insurance professional, I am very picky. I work with a team of skilled and experienced professionals to design your policy. I also interact regularly with the advanced planning departments of top companies like Pacific Life, TransAmerica, North American, Lincoln National, Mass Mutual, Penn Mutual, the Guardian and Allianz, to name a few. Together, you and I can get this done. Ready to take the next step?  Whether for you, personally, or for a defined benefit plan for your business, call me to arrange for your detailed  analysis.  There is no charge to meet and discuss your goals.  (480)902-3333

Note:
We maintain two divisions: securities and insurance.

Fee-based investment advisory services are provided by IQ Wealth Advisory, LLC, a Registered Investment Adviser. Insurance and annuities are provided by IQ Wealth Management--Insurance Division.

Annuities are insurance-based financial vehicles designed not for growth but for income preservation and sustainability. Annuities are not FDIC insured and may have surrender charges for a period of time. Generally, a partial withdrawal of 5 to 10 percent is allowed annually, penalty free. The annuities we recommend waive all surrender charges upon death. All guarantees rely on the financial strength and claims paying ability of the issuing insurer. At IQ Wealth, our policy is to require at least 100 years of successful track records and strong ratings for any insurance company we recommend.

Income riders are a means to enhance the income benefits provided by the underlying annuity contract. A discussion regarding whether an annuity would meet your needs and objectives should take place, before deciding if an income rider is appropriate.



The primary purpose of life insurance is the death benefit. While life insurance provides many potential tax benefits, always
confirm your tax situation with your tax preparer. We are always ready, willing and able to work with your tax and legal professionals to advance your position.

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Meet Steve

Steve accepts six to eight new clients per month in order to serve each with optimal personal attention. There are no charges for initial consultations. To schedule your complimentary review, please call us at (480)902-3333. Ask for Barb. On Money Radio, hear Steve from 8 to 9 a.m. Monday through Friday, after "Business for Breakfast." In the afternoon, listen to Steve with Sinclair Noe, 4:35 p.m. Mondays and Thursdays.

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