In these difficult times. many of us are being forced to make confusing choices, such as. " If I provide life insurance protection for my family, how will I be able to fund retirement? "
 
Providing specific funding for family has been made easier by the introduction of term insurance contracts that can be written for the exact number of years that it will be needed. Let's look at a 47 year old who want coverage until age 65.  Formerly, he would have to buy 15 or 20 year term coverage, neither of which matches his specific time frame.  Now he can. New term insurance options allow you to select the exact period you need.
 
How does this address the question of retirement?  The new term insurance contracts are available with a return of premium provision.  At the end of the selected period, the sum of all premiums paid are returned in a lump sum to the insured.  This lump sum benefit is, under current tax law, tax free. The total of the premiums will serve as transition dollars to ease the client's move into retirement.  A 43 year old male with $500,000 of life insurance will receive $34,800 at the end of 24 year term insurance coverage.
 
This premium return equates to a tax free return of over 5%. You would need a 7% return on a taxable investment to match this return. 
 
In business situations, this product is being used to provide death benefits for key executives, with the company using the return of premium to fund a retirement bonus for the executive. this provides a form of "golden handcuffs", encouraging the employee to remain with the company until retirement.
 
the uses of this new insurance option are numerous.  For additional examples and questions, please contact us.