L.I.F.E Insurance As a Financial Engine

The "L.I.F.E. Life Insurance as a Financial EngineSM" brochure by Allianz Life Insurance Company of North America serves as a comprehensive guide for financial professionals aiming to integrate life insurance into their clients' financial strategies. This 12-page document offers a structured approach to understanding and promoting the benefits of Fixed Index Universal Life (FIUL) insurance.

Educational Resources and Sales Strategies

The brochure emphasizes the importance of educating both financial professionals and their clients about FIUL insurance. It introduces the L.I.F.E. program, designed to provide insights into incorporating life insurance as a vital asset within financial portfolios. Key resources highlighted include:

• L.I.F.E. Consumer Brochure (MLIF-1128): This material assists clients in understanding how FIUL can diversify their financial strategies.
• Understanding FIUL Insurance Brochure (M-3959): Offers a clear explanation of FIUL benefits, focusing on death benefit protection and potential cash value accumulation.
• Impact of Dying Too Soon (MLIF-1141): A sales strategy that underscores the financial reassurance provided by the death benefit in an FIUL policy.
• Flexibility and Control with FIUL (MLIF-1132): Demonstrates how FIUL offers death benefit protection alongside flexible options for retirement income in varying tax environments.
• How Long Will Your Retirement Assets Last? (M-5792-B): Addresses common retirement concerns, including market volatility, and illustrates how FIUL can be a mitigating tool.
• Help Make Your Idle Assets Go Further (MLIF-1130): Guides clients on leveraging idle assets to provide protection, efficient transfer, accumulation, and access.

Prospecting and Client Engagement

The brochure provides actionable steps for identifying potential clients who might benefit from FIUL policies. It suggests focusing on individuals who have maximized their contributions to traditional tax-advantaged retirement accounts and are seeking additional avenues for growth and protection. To facilitate meaningful conversations, the brochure offers strategies to initiate discussions about the multifaceted advantages of FIUL, including its role in estate planning, tax diversification, and as a supplemental income source during retirement.

Incorporating FIUL into Financial Strategies

A significant portion of the brochure is dedicated to demonstrating how FIUL policies can be seamlessly integrated into clients' broader financial plans. It highlights the dual benefits of these policies: providing a death benefit to beneficiaries and offering the potential for cash value accumulation. This accumulated cash value can be accessed through income-tax-free loans and withdrawals, offering clients flexibility to address various financial needs throughout their lives.

Conclusion

Overall, the "L.I.F.E. Life Insurance as a Financial EngineSM" brochure is a valuable resource for financial professionals. It not only educates on the intrinsic benefits of FIUL insurance but also equips professionals with the tools and strategies necessary to effectively communicate these benefits to clients, ensuring that life insurance is appropriately positioned within a diversified financial portfolio.

We'll end with a note that we are an independent firm which gives us the advantage of being entirely objective when it comes to recommending a product or service, so if you feel like you would like a second opinion from us regarding this annuity, or something else, fell free to contact us for a nice chat.

Best Regards,

Derek Notman & Drew Faloon