Well, I see so many RMD's coming out of policies. Some say that the average RMD is about $7500. What a wonderful time for review and show them a couple "RMD Rescue" plans. Here’s an example:
70 year old female has $7500 coming out of the qualified plan. We then place in a single premium life policy that gives a death benefit of around $13,000. So, we have almost doubled the amount to be passed down, tax free. We also gave a return of premium so there is no pressure on the client... money is always available.
Hard to get? Nope – an on-line app, several "knock out” questions, underwriting decision in minutes (yes, minutes not months) and the policy sent in PDF form the next day. The company is rated excellent by AM Best and offers very strong commissions.
Come on, you probably owe your client a review. This is a great opportunity for you and your client. And, this is where you will get referred leads.
Until next time... good selling!