Target Market

Age: Max age 60

Budget / Premium: $250/mo. + (ideally you wouldn’t want to do less than this); The older the client the bigger the minimum.

Income: $100,000 – $500,000

Target: The main difference between this concept and the LIRP is it allows for a comparison of 3 illustrations. Client that wants to save more for their own retirement. The ideal client is typically saving over what their employer is matching in their 401k or they are saving into a non-qualifi¬ed brokerage account. They are also concerned about future taxes and may not qualify for a ROTH IRA. These clients will typically be very concerned with market volatility and be upset with negative returns. In addition, they may not like the restrictive nature of qualified plans (penalties for early access)

Illustration Requirement

Typically, you are targeting a specific death benefit amount with this proposal.

1. Start with an illustration for your cash value product. Be sure to include loans for income at ages 66-100 (You can run loans in whatever years you choose)
2. Also create 2 additional illustrations for the multiple comparisons – we suggest different premium lengths or even different premiums
3. Select the insurance carrier you are uses under carrier
4. Click upload, a new box will popup, hold CTRL button and select the 3 the illustration files or P1 spreadsheets
5. Select the images you would like to use under the demographics list
6. Click Generate
7. Click Export PDF to download the PDF

Changing Assumptions

• To change assumptions, click on the above tab for default calculation inputs
• Here you can change the income start and end years as well as the rate of return, asset charges and tax rate for the side fund.

Sample Illustrations

Use this PDF to generate a sample illustration utilizing this concept.