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The life insurance policy rates contract is a versatile financial instrument that meets multiple needs and achieves a variety of objectives in any number of family, business and estate situations. A flowchart is presented that shows the power of the life insurance policy. This picture clearly shows the self-completing nature of the life insurance policy.
Would you like to be able to show your clients a vivid image of the features, advantages and benefits of a life insurance policy? What if this one-page visual representation included the generally, very favorable tax treatment of your product?
Working in the advanced markets, you know the life insurance contract is a very versatile financial instrument that meets multiple needs and achieves a variety of objectives in any number of family, business and estate situations. It is easy to become immersed in the complexity of the product and the concepts it is being used to fund.
Yet, at some point, all prospects want to know the bottom line. They want to see what is behind the pages of numbers and legal print. They want it explained simply, yet completely.
The pictorial description accompanying this column presents the power of the life insurance policy. It begins by showing premiums being invested to produce the benefits of immediate protection and long-term value. The pennies for dollars story comes to mind. The interest and dividend features are highlighted as are the mortality and other expenses. Disclosing these advantages with the costs allows you to effectively show the value being obtained. The double and triple duty dollars concepts can also be explained by reference to the rest of the graphic.
The life insurance policy's living proceeds are displayed with the variety of ways they can be used to meet varied and changing circumstances. Death proceeds are presented as the blessing they are. The various payout options are presented as a reminder of the vehicle's flexibility even after it completes. The valuable contract rights portion of the diagram shows how effective the life insurance policy is for any number of real life purposes. The exchange box reminds us that the life insurance policy can reinvent itself, if need be, without negative tax consequences.
The optional benefits portion of the graphic points out a number of accessories that can enhance the life insurance policy. Of course, there is any number of other customized features that could go under this heading. This picture clearly shows the self-completing nature of the life insurance policy. The product's features generate benefits whether the insured lives, die or becomes disabled.
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