Life Plan produces a clear, concise two-page retirement illustration -- in English or Spanish -- containing all a producer needs to convince a customer of the exceptional value of a life insurance policy -- including:
1) cash value;
2) death benefit; and
3) withdrawals and/or loans for retirement cash flow.
(A valid Life Plan illustration must contain all three components.)
Although useful with a wide array of clients, this illustration is particularly efficient when used with first-time buyers of permanent life insurance.
Life Plan is a strategy that emphasizes death benefit and pre-retirement cash accumulation while also providing a source of retirement income.
A Life Plan presentation shows your client the value and flexibility of permanent policies with a death benefit, annual premiums, followed by cash flow (the example above shows withdrawals to basis; loans thereafter).