Traditionally, life insurance is viewed as a necessary expense to protect your clients' families in case of the unexpected. But there's more to it than meets the eye.
With no funding limits based on the client's income, tax-deferred growth and tax-favored distributions1 coupled with the protection of an income tax-free death benefit, this asset may be an appealing solution for supplemental income, and efficient wealth transfer.
By understanding the power of cash value life insurance, your clients can take "A New Look on Life". Get started with the mobile-friendly, client-approved video that explains how cash value life insurance can be a valuable asset. Also visit the promotional website for more sales tools or contact the life sales desk for additional information.
Client brochure
"New Look on Life" client video
Producer brochure
Showing posts with label MetLife. Show all posts
Showing posts with label MetLife. Show all posts
Monday, July 16, 2012
Thursday, May 10, 2012
MetLife's BOSS
Check out the latest Business Owner Strategic Solutions (BOSS) Newsletter from MetLife's Advanced Sales Center.
Sales Ideas Included are:
1. Capitalizing on the 2012 S Corporation Opportunity ---- "Last Call"
2. Non-Qualified Plans for the Business Owner ---- Do They Make Sense?
3. Revisiting a Familiar Friend Split Dollar Plans
4. The Business Owned Life Insurance Alternative
5. Key Questions for a Business Owner
For Producer/Broker Dealer use Only. Not for Public Distribution.
Sales Ideas Included are:
1. Capitalizing on the 2012 S Corporation Opportunity ---- "Last Call"
2. Non-Qualified Plans for the Business Owner ---- Do They Make Sense?
3. Revisiting a Familiar Friend Split Dollar Plans
4. The Business Owned Life Insurance Alternative
5. Key Questions for a Business Owner
For Producer/Broker Dealer use Only. Not for Public Distribution.
Thursday, March 8, 2012
Prudential is out -- Who is still in?
A financial services leader, Prudential Financial has announced that they are pulling out of the individual long term care business, citing "the challenging economics of the individual market" and their "desire to focus...where we see the greatest opportunity." This announcement has no effect on their group long-term care insurance business and they expect to continue as a leader in the group market.
Just 39 carriers sell LTC insurance Nationwide. Of these, just 2 have paid more than $2.2 billion in LTC insurance claims. Only one carrier has paid over $5.4 billion in claims. Only one carrier has provided long-term care insurance for over 35 years*. So where does that leave us as advisors helping people plan to protect themselves when they are most vulnerable?
According to Pat Foley, President of Genworth Distribution and Marketing, "Genworth is unwavering in our commitment to the long term care industry, our policyholders and our distribution partners." Genworth Financial is the largest seller of LTC insurance in the U.S. and a leader in the industry since 1974. Their premier plan, Privileged Choice Flex combines innovation with rich, flexible benefits, making it one of the most comprehensive long term care insurance products available.
Transamerica LTC is celebrating just 25 years in the industry. They had pulled out of the individual LTC market several years ago and are now back in it; recently introducing their new TransCare II product.
John Hancock LTC has been in the business since 1987 and touts their 150 years of experience and stability in the insurance industry. Their signature Custom Care III product provides comprehensive coverage and a variety of valuable support services.
United of Omaha and American General are two more carriers that have individual LTC products available. United's Cash-First addresses the progression of care by paying cash on day one. American's LTC Plan is simple to understand and flexible enough to fit almost any budget.
Another industry giant, MetLife pulled out of the individual and group long-term-care insurance sales last year but continues to service existing policies. Allianz Life Insurance issued their last stand-alone LTC policies in 2010. They have re-directed their focus to combination products.
Almost every LTC insurance carrier has raised their rates at least once on their inforce blocks of business. In 2008 and 2010 John Hancock LTC announced rate actions seeking premium increases for inforce blocks of business on individual LTC policies. Genworth's first rate increase in 2010 was nearly 33 years after their first policy was placed. Transamerica raised their rates as much as 70% on one block of their business. United of Omaha raised rates in 2010 and American General, the newcomer to the LTC business, has not had a rate increase yet.
We have been taught that insurance is only as good as the company behind it so if the company is highly rated, financially strong and profitable...Well maybe there just aren't any traditional types of guarantees when it comes to long term care.
However, despite rate hikes and the uncertainty of the long term care industry as a whole, insuring the risk is still the most cost-effective way to protect oneself from the potentially devastating expense of long-term care. And, several of our carriers have introduced Life/LTCi and Annuity/LTCi combinations that DO provide some long-term guarantees.
MVP Financial Services still has LTC solutions for your clients. Give us a call.
*Genworth Financial long term care insurance website.
Just 39 carriers sell LTC insurance Nationwide. Of these, just 2 have paid more than $2.2 billion in LTC insurance claims. Only one carrier has paid over $5.4 billion in claims. Only one carrier has provided long-term care insurance for over 35 years*. So where does that leave us as advisors helping people plan to protect themselves when they are most vulnerable?
According to Pat Foley, President of Genworth Distribution and Marketing, "Genworth is unwavering in our commitment to the long term care industry, our policyholders and our distribution partners." Genworth Financial is the largest seller of LTC insurance in the U.S. and a leader in the industry since 1974. Their premier plan, Privileged Choice Flex combines innovation with rich, flexible benefits, making it one of the most comprehensive long term care insurance products available.
Transamerica LTC is celebrating just 25 years in the industry. They had pulled out of the individual LTC market several years ago and are now back in it; recently introducing their new TransCare II product.
John Hancock LTC has been in the business since 1987 and touts their 150 years of experience and stability in the insurance industry. Their signature Custom Care III product provides comprehensive coverage and a variety of valuable support services.
United of Omaha and American General are two more carriers that have individual LTC products available. United's Cash-First addresses the progression of care by paying cash on day one. American's LTC Plan is simple to understand and flexible enough to fit almost any budget.
Another industry giant, MetLife pulled out of the individual and group long-term-care insurance sales last year but continues to service existing policies. Allianz Life Insurance issued their last stand-alone LTC policies in 2010. They have re-directed their focus to combination products.
Almost every LTC insurance carrier has raised their rates at least once on their inforce blocks of business. In 2008 and 2010 John Hancock LTC announced rate actions seeking premium increases for inforce blocks of business on individual LTC policies. Genworth's first rate increase in 2010 was nearly 33 years after their first policy was placed. Transamerica raised their rates as much as 70% on one block of their business. United of Omaha raised rates in 2010 and American General, the newcomer to the LTC business, has not had a rate increase yet.
We have been taught that insurance is only as good as the company behind it so if the company is highly rated, financially strong and profitable...Well maybe there just aren't any traditional types of guarantees when it comes to long term care.
However, despite rate hikes and the uncertainty of the long term care industry as a whole, insuring the risk is still the most cost-effective way to protect oneself from the potentially devastating expense of long-term care. And, several of our carriers have introduced Life/LTCi and Annuity/LTCi combinations that DO provide some long-term guarantees.
MVP Financial Services still has LTC solutions for your clients. Give us a call.
*Genworth Financial long term care insurance website.
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