The document summarizes key features of the London Life lifetime income benefit option, which helps manage risks in retirement. Some key points:
1) It provides guaranteed, predictable income for life starting as early as age 50, regardless of how long the person lives or how markets perform. Income amounts are based on age and increase over time.
2) It offers potential increases to income through annual 5% deferral bonuses for delaying withdrawals, allowing the income base to grow even in down markets.
3) Income amounts can be "reset" every 3 years to higher levels if the policy value has increased, securing gains and providing opportunity for growth in retirement income. Resets are available for life of the policy
The document discusses Century SIP, which is a systematic investment plan (SIP) that provides free life insurance cover. Some key points:
1) Century SIP provides life insurance cover of 10-100 times the monthly SIP installment amount, depending on how long the SIP has been active.
2) The life insurance is provided free of cost to the investor by the AMC.
3) Investors need only fill out a simple health declaration, with no medical exams required.
4) The life insurance cover continues even if the SIP is discontinued after 3 years.
SBI Life Smart Scholar is an education plan that provides triple benefits - the sum assured is paid to nominees if the child passes away, remaining premiums are paid by SBI Life, and a maturity benefit is paid to the child at the end. It offers loyalty additions, policy terms between 5-25 years, premium payment terms of 5 years or single premium. Minimum sum assured is 10 times annual premium for normal death and 20 times for accidental death. Partial withdrawals and tax benefits are also provided.
The document summarizes a retirement income product called SecureSource 3 that is available through RiverSource variable annuities. It provides guaranteed lifetime withdrawal benefits and growth opportunities to help investors achieve their retirement goals of growing their money, creating a reliable income stream in retirement, and leaving a legacy. Key features include guaranteed lifetime income based on a percentage of the benefit base, opportunities to increase income through annual credits and locking in investment gains, and the potential for an annual income bonus.
The document discusses strategies for businesses to implement shared or corporate-owned life insurance policies. It outlines how a business could jointly own a critical illness insurance policy with a key employee, with the business paying the premiums for the basic coverage and the employee owning the right to a return of premiums if no claim is made. The strategy provides advantages for the employer, employee and insurance advisor. It also discusses how businesses could share ownership of a life insurance policy and the legal and tax considerations involved.
Benefit Illustration -- Wealthsurance Foundation Plan Ms Office Ver11.0guest34c34c
The document appears to be an incomplete proposal form for an IDBI Fortis Wealthsurance Foundation Plan. Key details such as the policy holder's name, life insured's name, date of birth, gender, premium amount, sum insured, policy term, premium paying term and fund allocation percentages are missing. The document provides the option to select various riders but does not specify any selections. An illustration of policy benefits is provided, but all values are #N/A, suggesting required inputs were not provided to generate the illustration.
LIC's Jeevan Vriddhi - 808 is a single premium non-linked insurance plan that offers guaranteed returns at maturity along with life insurance coverage. It has a policy term of 10 years and offers a maturity benefit equal to the guaranteed maturity sum assured plus any loyalty additions. The death benefit is equal to 5 times the single premium. The plan accepts a minimum premium of Rs. 30,000 and has no upper limit on the sum assured amount. It provides liquidity through policy loans and surrender benefits after one year.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
The document discusses Century SIP, which is a systematic investment plan (SIP) that provides free life insurance cover. Some key points:
1) Century SIP provides life insurance cover of 10-100 times the monthly SIP installment amount, depending on how long the SIP has been active.
2) The life insurance is provided free of cost to the investor by the AMC.
3) Investors need only fill out a simple health declaration, with no medical exams required.
4) The life insurance cover continues even if the SIP is discontinued after 3 years.
SBI Life Smart Scholar is an education plan that provides triple benefits - the sum assured is paid to nominees if the child passes away, remaining premiums are paid by SBI Life, and a maturity benefit is paid to the child at the end. It offers loyalty additions, policy terms between 5-25 years, premium payment terms of 5 years or single premium. Minimum sum assured is 10 times annual premium for normal death and 20 times for accidental death. Partial withdrawals and tax benefits are also provided.
The document summarizes a retirement income product called SecureSource 3 that is available through RiverSource variable annuities. It provides guaranteed lifetime withdrawal benefits and growth opportunities to help investors achieve their retirement goals of growing their money, creating a reliable income stream in retirement, and leaving a legacy. Key features include guaranteed lifetime income based on a percentage of the benefit base, opportunities to increase income through annual credits and locking in investment gains, and the potential for an annual income bonus.
The document discusses strategies for businesses to implement shared or corporate-owned life insurance policies. It outlines how a business could jointly own a critical illness insurance policy with a key employee, with the business paying the premiums for the basic coverage and the employee owning the right to a return of premiums if no claim is made. The strategy provides advantages for the employer, employee and insurance advisor. It also discusses how businesses could share ownership of a life insurance policy and the legal and tax considerations involved.
Benefit Illustration -- Wealthsurance Foundation Plan Ms Office Ver11.0guest34c34c
The document appears to be an incomplete proposal form for an IDBI Fortis Wealthsurance Foundation Plan. Key details such as the policy holder's name, life insured's name, date of birth, gender, premium amount, sum insured, policy term, premium paying term and fund allocation percentages are missing. The document provides the option to select various riders but does not specify any selections. An illustration of policy benefits is provided, but all values are #N/A, suggesting required inputs were not provided to generate the illustration.
LIC's Jeevan Vriddhi - 808 is a single premium non-linked insurance plan that offers guaranteed returns at maturity along with life insurance coverage. It has a policy term of 10 years and offers a maturity benefit equal to the guaranteed maturity sum assured plus any loyalty additions. The death benefit is equal to 5 times the single premium. The plan accepts a minimum premium of Rs. 30,000 and has no upper limit on the sum assured amount. It provides liquidity through policy loans and surrender benefits after one year.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
Shriram Life Insurance offers several participating and non-participating whole life insurance plans including Shri Life, Wealth Plus, and Money Back. Shri Life is a participating whole life insurance plan that provides a life-long death benefit plus investment returns in the form of bonuses. ShriramUjjwal Life SP is a single premium non-participating plan that offers investment-linked returns through a choice of funds and a death benefit.
This document summarizes the key details of the Shri Vidya participating life insurance plan, including benefits, eligibility, premiums, and policy terms. The plan provides life insurance coverage throughout the policy term and education funds for the child's beneficiary. Premiums are paid regularly and benefits include maturity payouts, death benefits, and guaranteed installments. The plan has a minimum 10-year term and offers bonuses. Additional riders can be added for accident coverage. The policy is eligible for tax benefits and has provisions for loans, grace periods, revivals, and surrenders.
This document discusses financial planning during tough economic times. It notes that stock markets are down 70% and investors have lost confidence, leading to job cuts that further reduce demand. This creates an unstable environment with an uncertain future. The document advises checking three parameters: goals and objectives, risk appetite, and time horizon. It suggests different investment options depending on the time horizon and risk tolerance. Having insurance can help protect goals and dreams against uncertainties. The right financial advice can help people sleep better.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
The document describes LIC's Jeevan Ankur plan, a whole life insurance plan where the parent is the life assured and the child is the beneficiary, providing a death benefit, income benefit payments annually until maturity, and a maturity benefit equal to the sum assured plus loyalty additions to financially support the child. The plan offers riders for additional accident and critical illness coverage and has eligibility conditions for entry age, policy term, sum assured amounts.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. The plan pays out the sum assured immediately upon the parent's death plus 10% of the sum assured annually until maturity. It also pays out the sum assured plus loyalty additions at maturity. The plan allows customization through accident and critical illness rider benefits.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. It pays out the sum assured, income benefits, and maturity benefits to support the child's financial needs. The plan allows customization through riders and has eligibility conditions for minimum and maximum entry ages and policy terms.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. It pays out the sum assured, income benefits, and maturity benefits to support the child's financial needs. The plan allows customization through riders and has eligibility conditions for minimum and maximum entry ages and policy terms.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. It pays out the sum assured, income benefit, and maturity benefit on the parent's death. The plan offers customization through riders and guarantees maturity payouts for the child's future. It is a suitable option for parents to financially secure their child's future.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. The plan pays out the sum assured immediately upon the parent's death plus 10% of the sum assured annually until maturity. At maturity, the sum assured plus any loyalty additions is paid out. Riders can be added for additional accident or critical illness coverage. The plan is available as both regular premium or single premium with eligibility for parents up to age 50 and children up to age 17.
Making The Most Of Retirement Assets 2008 Compliance Approvedguest3c7636
The document discusses considerations for retirement assets and planning. It notes that social security provides 39% of retirement income for most people, while pensions provide 19% and personal savings 14%. Proper retirement planning requires determining retirement goals, taking inventory of current assets, and developing a long-term retirement plan that accounts for taxes, inflation, longevity risks, and market volatility. The document emphasizes starting retirement planning early and contributing consistently to retirement funds over a long period.
Group members for the insurance discussion include Rinku Patel, Shubhangi Rathod, and Garima Mishra. Life insurance in India is a $250 billion market growing at 32-34% annually. Common types of life insurance policies discussed include children's plans, term insurance, and endowment plans. Children's plans help secure a child's future needs such as education. Term plans offer only death benefits while endowment plans provide savings and maturity benefits in addition to death coverage. Popular companies offering these plans in India include LIC, HDFC Life, and ICICI Prudential.
LIC's Jeevan Nidhi is a deferred annuity (pension) plan that provides risk cover during the deferment period and guaranteed pension payments after vesting. Premiums can be paid annually or as a lump sum. The plan offers guaranteed additions, bonuses, and a choice of annuity payout options at vesting between 40-75 years old. Rider benefits include term assurance, critical illness coverage, and premium waiver in case of critical illness. The plan aims to provide retirement income after one stops earning or earns less.
This document provides information about retirement planning and risks to consider when planning for retirement. It discusses the importance of having a retirement plan that incorporates predictable income, access to assets for flexibility, and growth opportunities. This allows the plan to address risks like longevity risk, inflation risk, health care costs, market risks, and excessive withdrawals. The document recommends a retirement strategy with three components: a predictable income stream, access to liquid assets, and growth potential. This can help retirees feel confident in their ability to cover living expenses and maintain their standard of living. Key considerations for the strategy include when income will be needed and how much, which depend on the individual's retirement horizon, needs, and risk tolerance.
A document discusses accumulating funds in a deferred fixed interest and indexed annuity for retirement. It describes how annuities can be used to systematically save money and guarantee retirement income that cannot be outlived. It then provides details on sources of retirement income, obstacles to retirement planning, and how annuities can help overcome those obstacles by allowing tax-deferred growth and converting savings into guaranteed lifetime income.
This document discusses how life insurance can be viewed as an asset within an individual's portfolio. It notes that while life insurance is traditionally thought of as a means to financially protect one's family, it also has the potential to offer tax advantages as a savings and investment vehicle. The document outlines some key advantages life insurance can provide as an asset, such as leveraging premium payments into a sizable death benefit, providing access to cash value that can supplement retirement income, and allowing wealth to be transferred tax-free via its death benefit. It also discusses how life insurance compares to other tax-advantaged assets like Roth IRAs, Roth 401(k)s, municipal bonds, and cash value life insurance in terms of various federal tax
Your Guide To Participating Life InsuranceLawrence Cole
London Life participating life insurance provides permanent life insurance with guaranteed values and tax-advantaged growth potential. Policyholders have the opportunity to receive annual dividends based on the performance of over 1.5 million policies in the participating account. The guide outlines the key components of participating policies, including guaranteed values, investment performance, dividends, and flexibility through optional riders and benefits. It emphasizes the financial strength and stability of London Life as the largest participating life insurer in Canada with over 150 years of experience.
Whole life insurance can serve as a versatile financial asset that provides long-term value to policy owners in several ways:
1) It provides permanent life insurance protection through a guaranteed level death benefit and premium as long as premiums are paid.
2) The cash value grows tax-deferred and can be accessed on a tax-advantaged basis through policy loans or partial surrenders.
3) Dividends can be used to purchase additional paid-up insurance, increasing both the death benefit and cash value over time.
4) The death benefit is received income tax-free, while cash values, dividends, and distributions are generally not taxed until costs are recovered.
5
Whole life insurance can serve as a versatile financial asset that provides long-term value to policy owners in several ways:
1) It provides permanent life insurance protection through a guaranteed level death benefit and premium as long as premiums are paid.
2) The cash value grows tax-deferred and can be accessed on a tax-advantaged basis through policy loans or partial surrenders.
3) Dividends can be used to purchase additional paid-up insurance, increasing both the death benefit and cash value over time.
4) The death benefit is received income tax-free, while cash values, dividends, and distributions are generally not taxed until gains are distributed.
5
Shriram Life Insurance offers several participating and non-participating whole life insurance plans including Shri Life, Wealth Plus, and Money Back. Shri Life is a participating whole life insurance plan that provides a life-long death benefit plus investment returns in the form of bonuses. ShriramUjjwal Life SP is a single premium non-participating plan that offers investment-linked returns through a choice of funds and a death benefit.
This document summarizes the key details of the Shri Vidya participating life insurance plan, including benefits, eligibility, premiums, and policy terms. The plan provides life insurance coverage throughout the policy term and education funds for the child's beneficiary. Premiums are paid regularly and benefits include maturity payouts, death benefits, and guaranteed installments. The plan has a minimum 10-year term and offers bonuses. Additional riders can be added for accident coverage. The policy is eligible for tax benefits and has provisions for loans, grace periods, revivals, and surrenders.
This document discusses financial planning during tough economic times. It notes that stock markets are down 70% and investors have lost confidence, leading to job cuts that further reduce demand. This creates an unstable environment with an uncertain future. The document advises checking three parameters: goals and objectives, risk appetite, and time horizon. It suggests different investment options depending on the time horizon and risk tolerance. Having insurance can help protect goals and dreams against uncertainties. The right financial advice can help people sleep better.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
The document describes LIC's Jeevan Ankur plan, a whole life insurance plan where the parent is the life assured and the child is the beneficiary, providing a death benefit, income benefit payments annually until maturity, and a maturity benefit equal to the sum assured plus loyalty additions to financially support the child. The plan offers riders for additional accident and critical illness coverage and has eligibility conditions for entry age, policy term, sum assured amounts.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. The plan pays out the sum assured immediately upon the parent's death plus 10% of the sum assured annually until maturity. It also pays out the sum assured plus loyalty additions at maturity. The plan allows customization through accident and critical illness rider benefits.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. It pays out the sum assured, income benefits, and maturity benefits to support the child's financial needs. The plan allows customization through riders and has eligibility conditions for minimum and maximum entry ages and policy terms.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. It pays out the sum assured, income benefits, and maturity benefits to support the child's financial needs. The plan allows customization through riders and has eligibility conditions for minimum and maximum entry ages and policy terms.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. It pays out the sum assured, income benefit, and maturity benefit on the parent's death. The plan offers customization through riders and guarantees maturity payouts for the child's future. It is a suitable option for parents to financially secure their child's future.
LIC's Jeevan Ankur plan provides life insurance coverage for parents with the child as the beneficiary. The plan pays out the sum assured immediately upon the parent's death plus 10% of the sum assured annually until maturity. At maturity, the sum assured plus any loyalty additions is paid out. Riders can be added for additional accident or critical illness coverage. The plan is available as both regular premium or single premium with eligibility for parents up to age 50 and children up to age 17.
Making The Most Of Retirement Assets 2008 Compliance Approvedguest3c7636
The document discusses considerations for retirement assets and planning. It notes that social security provides 39% of retirement income for most people, while pensions provide 19% and personal savings 14%. Proper retirement planning requires determining retirement goals, taking inventory of current assets, and developing a long-term retirement plan that accounts for taxes, inflation, longevity risks, and market volatility. The document emphasizes starting retirement planning early and contributing consistently to retirement funds over a long period.
Group members for the insurance discussion include Rinku Patel, Shubhangi Rathod, and Garima Mishra. Life insurance in India is a $250 billion market growing at 32-34% annually. Common types of life insurance policies discussed include children's plans, term insurance, and endowment plans. Children's plans help secure a child's future needs such as education. Term plans offer only death benefits while endowment plans provide savings and maturity benefits in addition to death coverage. Popular companies offering these plans in India include LIC, HDFC Life, and ICICI Prudential.
LIC's Jeevan Nidhi is a deferred annuity (pension) plan that provides risk cover during the deferment period and guaranteed pension payments after vesting. Premiums can be paid annually or as a lump sum. The plan offers guaranteed additions, bonuses, and a choice of annuity payout options at vesting between 40-75 years old. Rider benefits include term assurance, critical illness coverage, and premium waiver in case of critical illness. The plan aims to provide retirement income after one stops earning or earns less.
This document provides information about retirement planning and risks to consider when planning for retirement. It discusses the importance of having a retirement plan that incorporates predictable income, access to assets for flexibility, and growth opportunities. This allows the plan to address risks like longevity risk, inflation risk, health care costs, market risks, and excessive withdrawals. The document recommends a retirement strategy with three components: a predictable income stream, access to liquid assets, and growth potential. This can help retirees feel confident in their ability to cover living expenses and maintain their standard of living. Key considerations for the strategy include when income will be needed and how much, which depend on the individual's retirement horizon, needs, and risk tolerance.
A document discusses accumulating funds in a deferred fixed interest and indexed annuity for retirement. It describes how annuities can be used to systematically save money and guarantee retirement income that cannot be outlived. It then provides details on sources of retirement income, obstacles to retirement planning, and how annuities can help overcome those obstacles by allowing tax-deferred growth and converting savings into guaranteed lifetime income.
This document discusses how life insurance can be viewed as an asset within an individual's portfolio. It notes that while life insurance is traditionally thought of as a means to financially protect one's family, it also has the potential to offer tax advantages as a savings and investment vehicle. The document outlines some key advantages life insurance can provide as an asset, such as leveraging premium payments into a sizable death benefit, providing access to cash value that can supplement retirement income, and allowing wealth to be transferred tax-free via its death benefit. It also discusses how life insurance compares to other tax-advantaged assets like Roth IRAs, Roth 401(k)s, municipal bonds, and cash value life insurance in terms of various federal tax
Your Guide To Participating Life InsuranceLawrence Cole
London Life participating life insurance provides permanent life insurance with guaranteed values and tax-advantaged growth potential. Policyholders have the opportunity to receive annual dividends based on the performance of over 1.5 million policies in the participating account. The guide outlines the key components of participating policies, including guaranteed values, investment performance, dividends, and flexibility through optional riders and benefits. It emphasizes the financial strength and stability of London Life as the largest participating life insurer in Canada with over 150 years of experience.
Whole life insurance can serve as a versatile financial asset that provides long-term value to policy owners in several ways:
1) It provides permanent life insurance protection through a guaranteed level death benefit and premium as long as premiums are paid.
2) The cash value grows tax-deferred and can be accessed on a tax-advantaged basis through policy loans or partial surrenders.
3) Dividends can be used to purchase additional paid-up insurance, increasing both the death benefit and cash value over time.
4) The death benefit is received income tax-free, while cash values, dividends, and distributions are generally not taxed until costs are recovered.
5
Whole life insurance can serve as a versatile financial asset that provides long-term value to policy owners in several ways:
1) It provides permanent life insurance protection through a guaranteed level death benefit and premium as long as premiums are paid.
2) The cash value grows tax-deferred and can be accessed on a tax-advantaged basis through policy loans or partial surrenders.
3) Dividends can be used to purchase additional paid-up insurance, increasing both the death benefit and cash value over time.
4) The death benefit is received income tax-free, while cash values, dividends, and distributions are generally not taxed until gains are distributed.
5
Whole life insurance provides long-term value to policy owners in three ways:
1) It guarantees a level death benefit, level annual premium payments, and increases in cash value.
2) It provides permanent life insurance protection as long as premiums are paid.
3) The cash value builds over time and is not affected by market conditions, providing lifetime coverage with guaranteed level premiums.
Whole life insurance provides long-term value to policy owners in three ways:
1) It guarantees a level death benefit, level annual premium payments, and increases in cash value.
2) It provides permanent life insurance protection as long as premiums are paid.
3) The cash value builds over time and is not affected by market conditions, providing lifetime coverage with guaranteed level premiums.
The document discusses various risks to consider for retirement planning such as longevity risk, inflation risk, and investment risk. It introduces variable annuities as a potential solution to help mitigate these risks by providing guaranteed lifetime income, protection against market downturns, and upside potential from stock market investments. Variable annuities can help secure retirement income through features such as living benefits and death benefits. Working with a financial advisor can help assess if a variable annuity is a suitable strategy for individual retirement goals and risk tolerance.
The document discusses annuities and provides information about whether an annuity is right for retirement planning. It asks questions to consider like whether you are concerned about outliving your income or maintaining your lifestyle in retirement. It also discusses accumulating funds in deferred annuities to help minimize gaps in retirement income. Annuities offer guaranteed lifetime income options to complement other retirement income sources. The document summarizes types of annuities and their tax benefits, as well as features like income options and death benefits that make annuities a valuable part of a diversified retirement portfolio.
Do you have enough savings for your retirement? Get to know what an annuity is and how to invest in an immediate annuity plan to build your retirement corpus.
- The document is an advertisement for the Birla Sun Life Insurance Protector Plan, which provides life insurance that keeps pace with growing responsibilities.
- The plan offers two sum assured options - level, where the sum assured remains constant, or increasing, where the sum assured increases by 5% or 10% each year to keep up with rising needs.
- Premiums can be paid annually, semi-annually, quarterly or monthly, and premium amounts are reduced for women compared to men.
The document introduces the Birla Sun Life Insurance Protector Plan, a life insurance plan that allows the sum assured to keep pace with growing responsibilities. It offers the option to choose a level sum assured or an increasing sum assured of 5% or 10% annually without increased premiums. The plan provides complete financial protection for loved ones in case of death.
This document discusses various types of life insurance policies including money back policies, annuities and pensions, unit linked policies, and Jeevan Sathi policies. Money back policies provide survival benefits at regular intervals and a death benefit. Annuities and pensions provide regular income in retirement. Unit linked policies allow investment flexibility and tax benefits. Jeevan Sathi is a joint life policy that provides benefits upon the death of either partner or a maturity payout if both partners survive to the end of the policy term.
Bad news can impact on any one of us at any time, in the form of an illness, or sudden death. We don’t like to think about it, but we do have to plan for it. So having the correct protection strategy in place will enable you to protect your family’s lifestyle if your income suddenly changes due to illness or your premature death. But choosing the right options can be difficult without obtaining professional advice to ensure you protect your family from financial hardship.
How Do I Create A Retirement Income Plan?Brady Speers
Brady Speers of Mansfield, Texas is a retirement planning expert that hosts his very own radio show and offers his services to those inquiring about retirement and planning for the future. Please contact Brady today if you have any questions or concerns about your financial future. Enjoy the slideshow and feel free to comment and share!
This document provides an overview of the life insurance industry and Max New York Life Insurance Company. It discusses the different types of life insurance policies including term life, permanent life, whole life, universal life, and variable life. It then profiles Max New York Life, describing it as a joint venture between an Indian and American company. It outlines Max New York Life's distribution strategy, products, achievements including ISO certification and MDRT membership, vision, mission and focus on social responsibility through donations to organizations helping children.
Exide Life categorizes its products into 3 major categories: retirement and pension plans, savings and investment plans, and plans to meet one's life goals. The document provides details about Exide Life's Golden Years Retirement Plan, a traditional pension plan that helps build a retirement corpus that grows over time to ensure one enjoys their golden years. It also summarizes the key features and benefits of the plan, including capital guarantee, loyalty benefits, flexibility, tax benefits, and a life cover.
It is always suggested to have a habit of savings as this will help our family in our absence to face all financial uncertain events.
https://www.bhartiaxa.com/savings-plans
1. Is it right for you? L o n d o n L i f e S e g r e g at e d f u n d S p o L i c i e S
The lifetime income benefit is just
one component of a well-diversified London Life lifetime Lifetime income benefit
retirement income portfolio.
It’s appropriate for people:
income benefit option
• Getting ready to retire and retirees looking Guarantee your income for life
for secure, predictable, guaranteed income
For years your focus has been to save Information at your finger tips
• Age 50 and under age 91 for retirement. Now you need innovative Visit lifetimeincome.londonlife.com
• Who do not already have guaranteed solutions to help you transition your for more information about the
retirement income from government hard-earned savings into income that features and advantages of the lifetime
benefits, company pension plans
will last your lifetime. You also need income benefit.
or life annuities
to protect your savings against three
retirement risks:
For more information about London Life
and its products, visit www.londonlife.com.
Longevity risk
You might outlive your money.
Work with your financial security Market return risk A description of the key features of the
You could experience poor market segregated fund policy is contained in the Guarantee your income for life
advisor to develop a savings and information folder.
returns in the early retirement years,
income plan that’s appropriate increasing the chances you’ll use all Any amount that is allocated to a
segregated fund is invested at the risk
your savings sooner than you planned.
for you. He or she can show you of the policyowner and may increase or
decrease in value.
how the lifetime income benefit Inflation risk
may help you to meet your Your retirement savings might not earn
enough to keep up with inflation.
retirement goals.
GUARANTEES PROTECTION STRENGTH
London Life and design are trademarks of
The London Life Insurance Company. 46-7677-10/11
2. The London Life lifetime income benefit helps you manage risks in
retirement and protect your savings. The lifetime income benefit can
help provide:
• Predictable, guaranteed income for life, beginning as early as age 50
• The potential for increasing income
• A safe transition from savings to income
With the lifetime income benefit, you’re guaranteed income for life whether you
live to 85, 105 or beyond. Your income will not decrease, regardless of how the
segregated funds perform. Even if the market value of your policy drops to $0,
you are guaranteed to continue receiving payments for the rest of your life.
Age used to Income
calculate income percentage
50 to 54 4.00%
Guaranteed income for life Five per cent annual Income resets
55 to 59 4.25%
No matter how long you live deferral bonus Increase your lifetime income
The London Life lifetime income benefit: Increase your lifetime income amount
60 to 64 4.50%
With the lifetime income benefit, you are eligible to As policy values increase, you have the potential
65 to 69 5.00% • Offers predictable, guaranteed income for life1 to secure those gains to increase your lifetime
earn a five per cent deferral bonus every year until
• Starts as early as age 50 unlike other policies that you make a withdrawal. If you don’t need to take income amount. Your lifetime income amount will
70 to 74 5.25%
don’t start distributing income until age 65 an income right away, the deferral bonus can help not decrease, regardless of how the segregated
75 and older 6.00% you grow your lifetime income amount even when funds perform.
• Provides a lifetime income amount based on your
age – you are eligible for higher income payments markets are down.
Key features of income resets
as you get older For example: If you contribute a premium of
With the lifetime When you add the lifetime income benefit, your $200,000 to your policy and defer income for
• Income resets can occur every three years
• Lifetime income amount will increase when
income benefit, you’re eligible lifetime income amount is the market value 10 years, your lifetime income withdrawal base
a reset is applied
of your policy multiplied by the income percentage will have a minimum value of $300,000 because of
guaranteed income for that corresponds with your current age (or your deferral bonuses. • Resets are available for the life of the policy
spouse, if applicable). Important: Deferral bonuses are not a guaranteed
life whether you live The percentage used to calculate the lifetime rate of return. They have no cash value and do not Secure growth with automatic
to 85, 105 or beyond. income amount increases with age. increase any applicable maturity or death benefits income resets
guarantee. Deferral bonuses increase your eligible
You may be able to increase your income through Once your lifetime income withdrawal base
lifetime income amount.
deferral bonuses and resets. increases, it is guaranteed for life – regardless
of any future down markets, assuming no excess
1
Excess withdrawals will decrease the annual guaranteed
income amount and you will no longer be eligible for any withdrawals are made.
future bonuses. An excess withdrawal is a withdrawal that
exceeds the annual guaranteed income amount.