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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.
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Specializing In Ages
55
to
90
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Guaranteed
Life Insurance, Without a Consultation Fee - Licensed Broker or Agent In NY, VT
and TN - Serving The Greater Albany Area
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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.
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 or independent agent, who represents
numerous companies, you have someone who can
shop your case based on your medical history for the most competitive rate
and offer. My companies want your business! Most people are insurable
at a lower cost with 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. |
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Life Insurance
Policy Review And Needs Assessment - NY, VT, TN Broker David King
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You may have taken
out a policy 20 years ago that suited your needs at the time. Since then,
many new options have become available and your situation may have changed.
You may have become more wealthy, had recent health concerns, or now own real
estate that’s worth a considerable amount more than it was when your current
policy was issued. I would recommend that you take advantage of a no cost,
no obligation Life Insurance Policy Review. Before you do that,
please take some time to review these 3 pages: |
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1.
Testimonials from David King Solutions clients
2.
The Big Three Brochure
3.
David King’s profile
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Manage Your
Life Insurance Policy Wisely
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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 because you can have the cash value or the death benefit but, not both.
I will be happy to help you or your Trustee 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.
They have nothing to gain by doing so. |
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Information
About Guaranteed Universal Life Policies
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If you are currently
paying for
whole life, traditional universal life,
second-to-die life insurance, or variable 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 universal life policies are subject to increase if
interest rates decrease, or if administrative costs increase or if mortality
costs increase. Existing policy premiums could actually become prohibitive,
policies could lapse and are lapsing, 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 NY, VT and TN state insurance law.
Making a decision to replace or not replace your current policy will be
relatively easy when you see the disclosure information. Call David King (518)
286-1212 for a free evaluation. |
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Structuring Your Life Insurance Policy To Guarantee An Inheritance For Your
Children
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You can guarantee an inheritance for your children, regardless of long-term 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),
will 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 $10,000 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. Knowing that your heirs are provided for, makes you are more free
to spend your money on your retirement life style. |
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Life Insurance For Business Owners In NY, VT, and TN
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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 this shortfall. 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
business life insurance evaluation or policy review. |
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David King
Solutions Based Out Of Albany, NY |
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I’ve been living in
the Upstate NY area for quite a while and am glad to be able to take care
of all your life insurance needs. Many of my clients are from the Albany
area or cities close by such as Saratoga Springs, Clifton Park, Guilderland,
Loudonville, Schenectady and other cities close by. I have also
received my Life Insurance License for the states of Tennessee and
Vermont. If you have any questions about a life policy, Long Term Care
Insurance or Annuities or your current policies, please don’t hesitate to
email me
or reach my by phone (518) 286-1212. Please be sure to find information
about
The Big Three and print my brochure! |
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