Cash Value Life Polices
Why Cash Value Life Insurance?
One of the greatest investors of our day, Warren Buffett, has been quoted as saying, “Rule number one is never lose money. Rule number two is never forget rule number one.”
In a book by Jake Thompson, he states that “America is falling victim to a deadly lie. We’ve been conned into believing that in order to achieve our goals we must invest our hard earned money into the complex, misleading, unproven theories of Wall Street; that we must put our faith in large Wall Street firms to guess correctly, which stocks will perform." According to Crestmont Research, crestmontreseach.com, the S&P 500 earned actual returns (before management fees and taxes) of 0% in the past 5 years and 2% in the last 10 years. "You’ll have to go back 20 years to hit of 7% annual returns.”
Is there a better way to plan for your retirement? The GOOD NEWS is YES, and that is by the use of cash value life insurance.
A case study, by Mass Mutual Life Insurance Company, showed the performance of 3 life policies from 1980-2013. The internal rate of return for each of these policies were 5.65%, 6.02%, and 6.22%. The case study also showed that life insurance average returns were 6%! That means, if you are in the 30 percent tax bracket, there is a 8.6% return because you are not taxed on the growth when you loan this money to yourself!
Some of the great features of cash value life insurance are:
The icing on the cake, it is not considered taxable income in retirement, unlike other retirement options!
Please contact Mike 303-591-8788 or Andrea 303-699-2026 to find out how this product can PROTECT YOUR FUTURE.
Short Term Recovery Care
Many people believe that once they have Medicare, a Medicare Advantage Plan or a Medicare Supplement Plan, that they have Stop-Loss protection. However, this is not necessarily true.
Do you have Long Term Care Insurance? If so, you could be protected. If not, here are somethings you should consider.
What happens when you are relying on someone to take care of you? Do you have resources to cover an extended stay in a facility or home health care? Can your children afford these expense or take care of you?
It's hard to admit, but as you age, you are more likely to have a hip knee or back problems. You also have a bigger risk for heart attack or stroke. Extended care is usually needed in these situations.
Medicare DOES NOT PAY FOR:
* National Average Cost 2018 - https://www.genworth.com/aging-and-you/finances/costofcare.html
Skilled Nursing Facility Charges - Medicare Pays
Days 1-20 - You pay $0
Days 21 - 100 - You pay $170.50/Day (May be less depending on your health care plan)
Days 101+ You pay 100%!
Cost varies based on age, elimination period, per day benefit and lifetime maximum days. However you can gain some protection for as little as $50/month. Underwriting is One class rate, no family history question and cause of disability, if disabled. Applicants with that are insulin dependent diabetics, will be declined. Contact us for a quote.
To find out more about Medicare and your supplemental options you can read Medicare and You. Or contact us,local licensed sales agents, at 720-922-7888. You can also learn more by attending one of Our Events.
As your local licensed sales agents, we understand Medicare and we will work to make your choice as simple as possible. We work with all companies, so we help you find the company and plan that best suites your needs. Call for an appointment with either Mike 303-591-8788 or Andrea 303-699-2026. Find out more about us here.
WE LOOK FORWARD TO WORKING WITH YOU!!