Purchasing life insurance in your 20's or 30's is relatively simple today.  You need income replacement protection for your family and money to pay off debts if you die prematurely, and you are probably in the best health of your life.  Now, young people can buy 30-year guaranteed level premium term life insurance at a very low cost. After age 55, it gets a little more complicated.  Now, you have to plan for income for the rest of your life, protect the assets that you have accumulated and pass them to your heirs in the best possible way. The policies you purchased years ago may need to be restructured or replaced and you probably have medical considerations that you did not have when you were younger.

When you are planning for your retirement years (this is an on going process) and for estate conservation, you should seek legal advice and have your life insurance policies professionally evaluated.  Things have changed.   Many will see the logic of purchasing new life insurance after age 55 even if it is simply to leave more to your children or perhaps for a special need or to pay estate taxes.  People are usually surprised by how much tax-free benefit they can actually leave to their heirs with a properly structured life insurance policy.  Life insurance actually gives you more financial freedom with your assets because you know that your children are taken care of.  Conventional investments can not compete with the tax free benefit of life insurance today.
I can find the lowest premium available for you.  Listed on the right find more important reasons to consider having a professional life insurance review today.

Specializing In Ages 55 to 90

●	Great News For Consumers
	There is a new type of life insurance available today that is guaranteed to stay in force until your death (even if you live to age 120), and the premium is guaranteed not to change.  Even better, these new policies costs less than whole life insurance and traditional universal life insurance.  Your premium will not be influenced by dividends, interest rates or changes in policy expenses or mortality costs.  This new type of policy is usually referred to as Guaranteed Universal Life Insurance.  Most major companies are now offering this new type of policy except for a few mutual life companies who have not de-mutualized (i.e., become publicly traded stock companies).  After age 60, paying the lowest price for life insurance is based on the Company and your underwriting rate classification.  By choosing an experienced insurance broker who represents numerous companies, you have someone who can shop your case based on your medical history for the most competitive rate/offer.  My companies want your business!  Most people are insurable at a lower cost with these new guaranteed policies.  Life insurance claims avoid probate and are usually paid within 30 days. This can be very helpful because many estates can take a year or longer to finalize. ■
●	Managing Your Current Policies
	It is very important to manage your current cash value life insurance policies.  If you are not planning to borrow from your policy cash value, you should not over fund or under fund these policies.  If you over fund, you are wasting money.  If you under fund, your policy may lapse or cost you a great deal more in the future.  Plan not to die with a large cash value in your life insurance policies.  You can have the cash value or the death benefit but, not both.  I will be happy to help you set up a life insurance policy management plan that is free of charge.  Your life insurance company will give you the information you need if you know what to ask for.  Do not expect your insurance agent or your life insurance company to advise you on how to manage your policies. ■
●	Save Money & Get Guarantees
	If you are currently paying for whole life, traditional universal life or second-to-die life insurance, you should consider transferring your current cash value into a New Guaranteed Death Benefit Universal Life Policy.  Many consumers have done this to reduce their current cost and eliminate their risk for higher premiums in the future.  The premiums for traditional policies are subject to increase if interest rates or dividends decrease or if the company increases its expenses or mortality costs. Existing policy premiums could actually become prohibitive, policies could lapse, and you could lose the money you have paid and have no death benefit.  I would be happy to prepare a policy replacement evaluation for you.  Actual policy replacements are done with full disclosure under strict state insurance law.  Making a decision to replace or not replace your current policy will be relatively easy when you see the disclosure information. ■
●	Guarantee An Inheritance For Your Children
	You can guarantee an inheritance for your children, regardless of longterm care expenses, estate taxes or investment losses, with life insurance.  Here’s how.  You or you and your spouse (using a second-to-die life insurance policy), be the insured(s).  Let your child/children or an irrevocable life insurance trust be the policy owner.  This will keep the policy death benefit out of your estate, therefore avoiding Federal and State estate taxes at your death. Gift money to pay the premium to the policy owner(s).  Then, at your death your heirs will receive a highly leveraged cash payout, income tax and estate tax free.  For example, a healthy male age 65 and healthy female age 63 could gift approximately $11,000 per year for life insurance premium and upon the second death their children/beneficiaries will receive an extra $1,000,000 tax free. No investment can compete with that. If you are single, a single life policy will be used. ■
●	Business Owners
	How much is your business worth?  How much would it be worth to your family if you were suddenly gone?  Quite a different amount! How much income would your business generate without you?  You should buy life insurance to make up for these shortfalls.  Do you and your business partners have adequate life insurance protection on each other?  Can you afford to buy out your partners, spouse or family members?  You may avoid financial pain and/or a possible law suit by having a professional life insurance evaluation and policy review. ■
	I never charge a fee.  For more information, to get a quote, or to set an appointment, call 518-286-1212 or send an email to info@DavidKingSolutions.com.