During the pandemic, 70 year old Americans were not required to take their Required Minimum Distributions (RMD’s) out of their qualified plans. They were given a reprieve until 2022 to begin taking distributions. Well folks, here they come. Whether they want the money or not, they must take them and pay tax. So, what is your client going to do? Well, they will pay their taxes and probably stick the money in some type of saving vehicle. How about showing them how they can “leverage” this money? Let’s look…
Okay, this is really simple. Your client takes the money and uses it as a life insurance premium. By doing this, they establish an immediate tax free estate due to the tax free benefit of a life insurance death benefit. If they are married, they each buy one. No exams, no fluids and quick issue. But, this is NOT an impaired risk case. But, if your client is in “average shape” for a 72 year old… we’ve got you covered. And, it is also a way to cover some of the losses they may have had during this market turndown.
Want to see how you can help your client and help yourself? Call today or click to request a “ONE ON ONE” with one of our marketing consultants.
Okay, this is really simple. Your client takes the money and uses it as a life insurance premium. By doing this, they establish an immediate tax free estate due to the tax free benefit of a life insurance death benefit. If they are married, they each buy one. No exams, no fluids and quick issue. But, this is NOT an impaired risk case. But, if your client is in “average shape” for a 72 year old… we’ve got you covered. And, it is also a way to cover some of the losses they may have had during this market turndown.
Want to see how you can help your client and help yourself? Call today or click to request a “ONE ON ONE” with one of our marketing consultants.
 | Until next time… good selling! Raymond J. Ohlson, CLU, CRC, LACP President and CEO The Ohlson Group 1-877-844-0900 |
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