Posted by Editor's note: This article is a certified insurance consultant for "Global High Net Worth Projects" and a columnist for financial and insurance Heather, Shared aboutUse the two financial tools "insurance" and "trust" to help families buildSupplementary retirement incomeAnd wealth inheritanceThe case (bottom) half.(the top halfPlease click here to browse.
Recap: The business owner Mr. Lee is going to create a passive retirement income stream of $60 for his family when he is 30 years old to cope with the complex and changing industrial environment in the future.
After evaluating the policy holding structure, policy asset management strategy, combined with Mr. Lee's current situation and core demands, we have formulated a preliminary statement of supplementary retirement income, as shown in the following table:
The table shows that under three different policy asset management strategies, if he wants to achieve his passive retirement income expectation of $30 per year, Mr. Lee now needsEvery year, $17 is deposited, and the deposit is accumulated for 10 years.Does the matter end here?
The other side: values, expectations and reality
Since the future has not happened yet, the forecast "value" is based on the historical performance of the market.Therefore, all the values in the insurance policy design plan are "expected".Actual performance in the future may be worse or better than "expected".
At the same time, the insurance policy design plan is also the product of "people". Different people have subjective differences in the use of the same tool, and the display of values will therefore be different.
Finally, the display of "digital" is only the display of a certain specific situation under tens of thousands of situations in the future. In the process of professional planning,For evaluation and reference only.If you are completely superstitious about numbers, it’s easy to fall intoThe following puzzles and misunderstandings.
(>>>Recommended reading:Misunderstanding of American Family Insurance Policy Finance (XNUMX): What exactly are we buying?）
Therefore, in the actual retirement wealth planning process,(the top halfThe digital display process only represents one aspect of the entire planning process.
More importantly, it is usually rarely mentioned, oftenThe other side of "ignored".
In our service concept, this important "other side" concept is not only really related to each other's common interests, but also an important part of the professional's delivery of the insurance concept to the community.
So the things that really matter,Saying it three times is not enough, I hope to say to those who are interested "thousands of times":
1. "Value" only represents expectations.
2. The policy design scheme is the product of "people", and the "value" will vary from person to person.
3. The display of "values" is only used for evaluation and reference in the planning process.
Therefore, the two sides are actually complementary and indispensable.When Mr. Lee understands this, it is convenient for the next stage of analysis and comparison.
Final plan communication and identification
以(upper partThis "one side" value was used as the theoretical reference and basis for planning, and the "other side" in the planning was explained in detail and comparatively analyzed. Mr. Lee immediately glanced at the overall situation.After evaluating the risk expectations, I quickly reached a consensus.And this consensus has formed the final executable design plan.
We showed Mr. Lee dynamically that under the new scheme, the amount that can be withdrawn from the family insurance trust account every yearNumerical range, And the corresponding amount of policy claims for the same period.Helping Mr. Lee and his family members can more intuitively understand the financial initiative and scope that the family can grasp at all ages.
The operation of the family insurance policy account at the age of 60 (Scenario XNUMX)
*Blue curve (Cumulative Premium): accumulated premiums deposited;Green curve (Net Death Benefit): insured amount/policy claim amount;
*Orange curve (Net Surrender Value): surrender amount;Purple curve (Cumulative Income): cumulative income provided;
In the figure above, the horizontal axis represents the age of Mr. Lee, and the vertical axis represents the corresponding amount.As age grows, different curves correspond to different amounts.
At the age of 60, Mr. LeeAccumulative deposit of 170 million US dollars, the corresponding claim amount is 500 million US dollars.If Mr. Lee decides to give up thisRetirement income plan, Or do not intend to leave this asset to future generations, cancel this policy, then Mr. Lee willGet back $299 million from the insurance company in one lump sum*.
The operation of the family insurance policy account at the age of 80 (Scenario XNUMX)
When we reach the age of 80, we can see from the chart above that the purple diagonal line representing withdrawals has risen and extended for 20 years, indicating that Mr. Lee has withdrawn a fixed amount from the insurance account every year during these 20 years.And the cumulative withdrawals over the past 20 yearsThe upper limit is $625.9 million.
When the withdrawn income reaches the age of 80, if Mr. Lee decides to cancel the policy at this time, then Mr. Lee willGet back $89 from the insurance company in one lump sum, As this way of receiving will cause unfavorable tax consequences*, this way is usually not common.
And if Mr. Lee is 80 years old, it happensAny accidental death, Or need "Long-term care”And other professional medical care services*, or be diagnosedTerminal illnessLater, the policy will provide147.8 millionThe amount of benefit payments.
It can also be seen from the above diagram that the design, withdrawal, and benefit payment conditions of the family insurance trust policy are very flexible.The final plan not only adapts to the old-age care model of modern society and the diversified lifestyles of modern people, but also helps Mr. Lee's family achieve each other's expectations.
So far, Mr. Lee and his family have adopted the entire consulting plan and accepted the annual service agreement.
Article summary
In the Chinese-speaking Internet community, family insurance trusts, supplementary retirement income insurance policy planning, seem to be out of reach of us, and commercial marketing and flattery have also called out "Don’t think about it if you don’t have a value of tens of millions"Such a slogan.
All kinds of "misleading" concepts and excessive marketing have made such simple and inclusive basic financial services in American society instantly wrapped in a gorgeous coat, becoming "tall" and making people far-reaching. The sense of distance in the clouds.
However, this is not true.
American Life Insurance Guidethink,Insurance trustAnd financial life insurance policies are just two basic tools of the financial service industry, and the cost of fees is not high.By cooperating with professionals, using the two basic tools flexibly, and tailoring them according to the individual circumstances of each family, you can truly protect yourself and your family, and comprehensively improve efficiency.
Q&A: Why do we need to implement "low insurance amount and high premium"?
On(Top) Part of the articleIn, I put forward why it should be implemented"Low insurance and high premiums"The question of strategy.
This is because the main purpose of asset management needs is to "accumulate wealth" and "prepare to supplement retirement income" for family life after 10 years and 20 years.Large insured face value means "high cost", which will significantly slow down the speed of capital appreciation beyond deduction of costs.It is not a "worthy of approval" behavior of handing in assignments.
Grasp the dynamic balance between the current age, face value, and premiums, with a period of 5 years, 10 years, and 15 years, matching the situation of different insured households for different things, and dynamic monitoring and adjustments to achieve tailored retirement passive income the goal.
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Disclaimer:
*The content of this article is to explain to the public an existing market strategy for the purpose of learning and education.The graphs, values, and assumptions used are not guaranteed and may be changed at any time.The actual results may be more favorable or unfavorable than the situation described in the text. *This article does not constitute the investment advice of the American Life Insurance Guide and the author, and support for related strategies, nor does it constitute the guarantee of the American Life Insurance Guide and the author on the subsequent tax consequences. *The content of this article is not intended as tax or legal advice.Please consult your lawyer or accountant before taking action on any information contained in this article. *Additional clauses for long-term care compensation depend on different insurance companies, the country or region where the insured is located, or different states in the United States. The specific compensation conditions shall be subject to the specified documents of the insurance company and the insurance bureau.
