First Financial Security works with some of the best insurers in the United States to bring our agents innovative financial products. Working with multiple nationally accredited carriers gives you the flexibility to offer a tailored strategy to each client. Whether your client wants an indexed policy to protect against market downturn or is looking for retirement income from an annuity, our carrier partners provide unique, proprietary FFS products. Work with a portfolio of solutions that offer the best features for families who want financial security.
Life insurance can be so much more than just a standard death benefit. Here are some of the features
in life insurance products that you might not have been expecting:
BENEFITS FOR YOUR CLIENT’S LIFE
In addition to the death benefit, policies can come with different features that you can use while you’re still alive. These living benefits, known also as Accelerated Benefit Riders (ABRs), are offered for qualifying chronic, critical or terminal illnesses and disabilities. They can be used to pay for anything from medical care to the mortgage. 1
TAKING ADVANTAGE OF CASH VALUE
Policies can accumulate cash value over time, allowing clients to borrow against the policy to boost retirement income, pay for college, buy a house or cover any unseen future expenses. Cash value will give clients peace of mind by knowing that they can leverage their policy during their lifetime, even without using an ABR. 2
THE POWER OF INDEXING
Indexed insurance products, like certain Indexed Universal Life insurance policies (IULs), do not directly participate in any stock or equity investments—instead, they use an indexing method to credit interest on a policy so that if the rate of return is negative and the insured’s interest rate goes no lower than zero.
This 0% floor on fixed indexed insurance products means shorter recovery times after financial crises and more years of positive interest in total. With indexing, zero is your hero. When the market takes a dip, your interest stays safe at zero, ready to leap back to positive rates at the first sign of recovery.
Annuities provide an income stream for a specific period of time, making them ideal for retirement planning. After purchase, an annuity makes payments to you at regular intervals, usually monthly or quarterly. Annuities are safe choices for those who want a steady stream of income during retirement with relatively little risk. 3
PROVIDE THE BEST SOLUTION EVERY TIME
With a robust portfolio of innovative products, FFS makes it easy to find unique solutions to help meet your clients’ needs. Rest easy knowing you can offer peace of mind as well as financial security to the clients you serve. Find out how you can join FFS by connecting with an agent today.
- Living benefits may be provided by riders, which are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.
- Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Surrender charges may reduce the policy’s cash value in early years. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Policy loans will be taxed as ordinary income if the policy is allowed to lapse. It is possible that coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.
- Annuities are long-term investments designed for retirement purposes. Early withdrawals may be subject to a deferred sales charge and if taken prior to age 59½, a 10% federal penalty may apply. Money distributed from the annuity will be taxed as ordinary income in the year the money is received. Guarantees extend to the claims-paying ability of the issuing insurance company.