Using leverage to significantly increase buying power and enhance potential benefits of life insurance the Simplicity Life Insured Retirement Advantage is a unique approach to obtain life insurance for business protection needs, supplemental income and traditional estate and retirement planning. It carefully applies leverage, innovative production solutions and a custom design to enhance a variety of planning strategies.
Designed with a focus on the small business owner and emerging affluent professional the Simplicity Life Insured Retirement Advantage provides you the opportunity to introduce the concept of financed life insurance to a significantly wider range of prospects – clients that are not typically eligible for conventional financing arrangements.
The insured must have a minimum annual (tax return proven) income of $150,000 and be less than 60 years old. Interest payments on the loans begin immediately and the loan is amortizing starting in year 2.
The Simplicity Life Insured Retirement Advantage program offers qualifying business borrowers’ access to a full-recourse commercial loan, the proceeds of which are used to fund both annual and single premium loan structures for a life insurance product offered by an approved carrier. The acceptable face amounts for participating policies range from $1,000,000 to $4,000,000.Learn More