Retirement Supplement Income Plan Based On Whole Life Insura - PowerPoint PPT Presentation

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Retirement Supplement Income Plan Based On Whole Life Insura

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  1. Retirement Supplement Income Plan Based On Whole Life Insurance Policy www.BeamaLife.com | 1-866-972-3262

  2. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • Retirement Supplement Income Plan Based On Whole Life Insurance Policy • Mr. John Doe is 35 years old, married with two young children, and worried about his retirement savings, his children's college expenses, and his family's wellbeing should he die prematurely. www.BeamaLife.com | 1-866-972-3262

  3. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • By using whole life insurance as a retirement savings supplement, John Doe is able to take care of most of his concerns. If John Doe saves $500 per month ($6,000 per year) in the form of whole life insurance policy premium payments for the next 30 years, his policy could provide: www.BeamaLife.com | 1-866-972-3262

  4. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • Pre-Retirement Life Insurance (between age 35 and 65) • $525,619 in death benefits if he dies at age 35 • $823,963 in death benefits if he dies at age 65 • He Will Get Annual Retirement Income Benefits Starting Age 65 • $17,550 annual after-tax retirement income benefit per year www.BeamaLife.com | 1-866-972-3262

  5. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • Total Retirement Income Benefits Paid Over the Next 25 Years • $438,758 total after-tax retirement income ($17,550 x 25 years) • Post-Retirement Life Insurance (after age 65) • $677,514 in death benefits if he dies at age 80 • $644,687 in death benefits if he dies at age 90 • $717,726 in death benefits if he dies at age 100 www.BeamaLife.com | 1-866-972-3262

  6. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • How does it work? • This plan is funded by a whole life insurance policy, which operates like a Roth IRA or a Roth 401(k). • This plan will provide you with supplemental retirement income and also protect your family with life insuranceprotection if you die in between. • This life insurance policy is a tax-deferred plan. Under current tax law, cash values inside the whole life policy build up in a tax-deferred manner until withdrawn. www.BeamaLife.com | 1-866-972-3262

  7. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • Using the policy loans provision, you can use the cash value for any "life cycle" needs like retirement supplement, education, etc. without income tax or any IRS penalties on withdrawal. It is a very powerful savings tool when used for retirement savings. • It offers flexible options at retirement: Retirement income can be received in regular payments or taken out as needed. Cash values can be annuitized to provide income for your entire life. www.BeamaLife.com | 1-866-972-3262

  8. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • This whole life plan also includes a "waiver of premium" rider, so if you become totally disabled during the funding period, the life insurance company will pay the premium until you retire (up to age 65). • Death benefits can be received free of both income and estate taxes if structured correctly. www.BeamaLife.com | 1-866-972-3262

  9. Retirement Supplement Income Plan Based On Whole Life Insurance Policy • Whole life insurance provides your intended retirement income at retirement age along with valuable life insurance protection that will take care of you and your family if you become totally disabled. Please call (866) 972-3262 to speak with one of our retirement specialists or request your personalized retirement supplement proposal now. www.BeamaLife.com | 1-866-972-3262

  10. Retirement Supplement Income Plan Based On Whole Life Insurance Policy www.BeamaLife.com | 1-866-972-3262