Learn how to navigate and design for the different strategies across the Wheel of Life.
1. Understand the different life stages that impact goals and financial strategy.
2. Develop a framework for integrating permanent life insurance into a holistic financial plan.
3. Explore different ways the spectrum of life insurance products can be applied to meet specific financial goals.
With the life insurance industry constantly introducing new innovations—currently over of one million possible policy permutations and counting—advisors and their clients need help understanding the many benefits of different products for their goals and tools to help tailor policies for those goals. This framework offers a comprehensive guide to navigating different each life stage, equipping advisors with insights to serve clients with more personalized and holistic plans. While the Wheel Of Life is not a one-size-fits-all playbook solution for any life stage, it is a helpful framework to begin thinking about potential strategies, upon which additional policy tailoring is needed. We see more smaller and simplified policies sold to these consumers, who seek investment protection in a volatile equity market environment.
The Hidden Dangers in Your Life Insurance Policy Could Be Costing You Thousands. How an Annual Review Can Save You Money and Secure Your Financial Goals.
Read MorePermanent life insurance policies differ slightly in their design and function, but all have the same main attributes: they are intended to last the lifetime of the insured and contain a cash value and a death benefit.
Read MoreIf you want the easy answer: Life Insurance is largely utilized for the living benefits, in addition to the death benefit, because its one of the last tax-advantaged assets.
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