Over the past year, AE Life has leaned into life strategies around the health and wealth conversations to help your clients protect their retirement income and legacies from long-term care costs and chronic illness expenses and through tax diversification. Though the main purpose of life insurance is to provide an income-tax-free death benefit to your clients’ beneficiaries; it’s clear that permanent life insurance is more than most people might expect. It can also help…

• Diversify taxes and assets
• Provide financial help to families in their time of need
• Supplement retirement income, generally tax-free, via policy loans
• Pay medical bills during an illness
• Pay off debts like credit cards and student loans
• Pay down – or pay off – a mortgage
• Pay for college tuition
• Assist with charitable giving

As you begin the new year, consider the bigger picture with your clients. As lifespans increase and people spend more of their years in retirement, as many of your clients face the need for long-term care and the management of chronic illnesses, and while taxes are at an unprecedented low, the discussion of how life insurance can play a unique role as an asset class of its own to help grow and protect retirement assets is critical.

In 2020, help strengthen your clients’ financial strategies with the power of life insurance.

Click HERE to access AE Life’s marketing materials for life strategies and contact your Life team to learn more.

Insurance guarantees rely on the financial strength and claims-paying ability of the issuing insurer. LTC benefits are available in the form of accelerated death benefits or through a rider. They are not a replacement for LTC insurance and may not be available on all life policies. These benefits may require an additional fee and are subject to eligibility requirements.

Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse or affect guarantees against lapse. Additional premium payments may be required to keep the policy in force. Withdrawals made during a surrender charge period may be subject to surrender charges.