How to Make Money with Life Insurance

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

How To Make Money From Life Insurance Policies

There are many different ways to make money with life insurance. This guide will discuss a few of the most popular methods. One way is to sell it as an investment. Another is to use it as a retirement vehicle. Finally, life insurance can also pay for final expenses and estate taxes. We will discuss each of these methods in more detail below.

Sell Your Policy

Selling life insurance as an investment is a popular way to make money. You can sell whole life insurance, universal life insurance, or term life insurance. These are called life settlements.

When you sell life insurance, you earn a commission. The size of the commission depends on the policy type and company you sell it for.

Using Life Insurance for Retirement

Life insurance policies, especially universal and whole life insurance, can serve as effective retirement vehicles.

Policy Loans: Alternatively, you can borrow against your policy’s cash value at a lower interest rate than traditional loans. This can be used for various purposes, such as purchasing a car or taking a vacation.

Cash Value Growth: By purchasing a policy and allowing the cash value to grow, you can use these funds to supplement your income during retirement.

Pay Estate Taxes

Life insurance can also help cover final expenses and estate taxes, ensuring your beneficiaries are not burdened with these costs.

Tax-Free Death Benefit: The death benefit from a life insurance policy is typically paid to your beneficiaries tax-free. This can be used to pay for funeral costs, debts, and estate taxes, providing peace of mind for your loved ones.

How We Can Help

At The Annuity Expert, we understand that navigating the complexities of life insurance can be overwhelming. For 15 years, we have been dedicated to helping individuals like you find the best solutions at the lowest costs. Our expertise as an insurance agency, annuity broker, and retirement planner ensures that we can provide you with tailored advice and solutions that meet your specific needs.

Understanding Your Needs

We know that your financial goals and circumstances are unique. Whether you are looking to invest, plan for retirement, or cover final expenses, we are here to guide you every step of the way. Our commitment is to help you unlock the full potential of your life insurance policy, ensuring you make informed decisions that benefit you and your loved ones.

How To Make Money From Life Insurance Policies

What We Recommend

Step 1: Personalized Consultation

The first step is a personalized consultation to understand your financial goals and current life insurance policy. During this session, we will:

  • Review Your Policy: Assess the details of your current life insurance policy.
  • Identify Goals: Understand your financial objectives and how you want to use your life insurance.

Main Benefit: Gain clarity on how your life insurance policy can work for you.

Step 2: Customized Strategy Development

Based on our initial consultation, we will develop a customized strategy tailored to your needs.

  • Tailored Advice: Provide specific recommendations on how to maximize the benefits of your life insurance policy.
  • Implementation Plan: Create a step-by-step plan to achieve your financial goals.

Main Benefit: Receive a clear, actionable plan that aligns with your financial aspirations.

Step 3: Ongoing Support and Monitoring

We will provide continuous support to ensure your strategy remains effective and adjust as necessary.

  • Regular Check-Ins: Schedule periodic reviews to monitor progress and make adjustments.
  • Expert Guidance: Offer ongoing advice to adapt to any changes in your financial situation.

Main Benefit: Stay on track with your financial goals and confidently make informed decisions.

Features and Benefits

  • Expertise: Benefit from 15 years of industry experience.
  • Personalized Service: Receive tailored advice that meets your specific needs.
  • Ongoing Support: Enjoy continuous support and guidance.
  • Comprehensive Solutions: Access a wide range of insurance and retirement planning services.

Addressing Common Objections

  • Complexity: We simplify the process, making it easy to understand and navigate.
  • Cost: We strive to find the best solutions at the lowest costs, ensuring value for your investment.
  • Trust: Our 15 years of experience and proven track record build trust and reliability.

Not working with us means missing out on expert advice and potentially beneficial financial strategies. By partnering with The Annuity Expert, you’ll experience peace of mind, financial security, and the satisfaction of knowing you’re making the best decisions for your future.

Internal Feelings and Outcomes

Experience the relief of having a clear financial plan, the confidence in your financial future, and the joy of seeing your goals realized. Contact us for free advice or a quote today.

Need Help Getting Life Insurance Coverage?

Contact us if you need help purchasing a life insurance policy. The service is free of charge.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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