Mortgage Protection Life Insurance
and Index Universal Life (IUL) Insurance
Four (4) Life Insurance Policies:
1) Permanent, Whole Life-Final Expense Insurance/Critical Period Mortgage Protection
Insurance: up to 30 months of payments
2) Term Life Insurance: 75% or 50% of Principal, Interest, Local Property Taxes, and
Homeowners Insurance (PITI) Protection (for mortgage refinancing, possibly)
3) Term Life Insurance: Full 100% PITI Mortgage Payment Protection
4) Permanent, Index Universal Life (IUL) Insurance for cash accumulation and
becoming one's own banker (privatized banking)
Term Insurance for Mortgage Protection:
Banner Life, SBLI, Mutual of Omaha, Americo, or United Home Life
Final Expense Insurance for Mortgage Protection:
Transamerica, American Home Life - Guidestar or Patriot Series,
Liberty Bankers, or United Home Life
Index Universal Life (IUL) for policy owners who are emerging affluent individuals:
An Index Universal Life (IUL) policy is designed to build tax-advantaged cash value over time which the policy owner may choose to access later in life for significant expenses. As an illustration, a 30 year old primary wage earner and new policy owner might establish a cash value goal of $120,000+ (at a monthly planned premium cost of $150) to help support their family's financial goals 18 years later. Possible uses (loans and/or withdrawals) could include helping two children with college expenses, weddings, or first-home purchases (e.g., $40,000 for each child), while reserving approximately $40,000 to help reduce consumer or medical debt when entering retirement at age 60, assist with the purchase of a retirement car and the rest could be income supplementation. Any remaining death benefit could help strengthen the owner's estate and provide a financial legacy to beneficiaries. Policyholders making larger premiums in earlier years, without creating a Modified Endowment Contract (MEC), might use the extra accumulated cash value in an IUL as part of a privatized banking or infinite banking strategy.
IULs:
Transamerica, Mutual of Omaha, and Americo
Five (5) Additional Areas of Financial Solutions
Using My Associates in Retirement Income Solutions/Advanced Life Insurance Strategies:
1) mortgage and other debt reductions by using permanent life Insurance premium overfunding
under the modified endowment contract (MEC) limit to increase cash value in the policy
2) tax-aware, retirement income enhancement solutions
(know your pre-retirement - post-retirement income gap)
3) Trusts & Estates planning for homeowners, especially in states where homes
are at risk for the Medicaid Estate Recovery Program (MERP) because
the home is in an Expanded Recovery state where the solution is likely an
Irrevocable Medicare Asset Protection Trust (MAPT)
(Texas is not an Expanded Recovery state.)
4) supporting children and grandchildren to finance college educations, weddings, first homes...
5) life event/annual life insurance reviews for performance and coverage needs
15 Hrs (Central Time) M-F 4:30-6p
By Appointment: M, W, Th 7-8:30p
Sa & Sun 2-3:30p
Stephen "Steven" Campbell
Field Underwriter and Life Insurance Broker
Licensed in Texas.
Mortgage Protection Life Insurance
and Index Universal Life (IUL) Insurance
Stephen S. Campbell & Associates
UniTrust Financial Group, InsuraTec,
and multiple insurance companies.
For your mortgage payment protection
and Index Universal Life (IUL) needs,
contact me at:
https://www.linkedin.com/in/stephencampbell01/
https://waterbearingfish.com/contact
972-927-1250