Single premium life insurance with living benefits

By Steve Savant

With interest rates at an all-time low, more consumers are electing to use their money on single premium life insurance with living benefits for care giving later on in life. The economic benefits of these riders crush the internal rate of return on CDs and money markets. And the tax advantages of cash accumulation and transfer to the next generation can be financially significant.

Many of the living benefits address long-term care, catastrophic medical events, chronic illness, disability terminal illness, etc. Policies can be based on reimbursement or indemnification.

Steve interviews Michael Simpson, Senior Market Advisor, for the upselling trend of Hybrid products.

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