Post on 06-Jul-2020
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Main Office: 4333 Edgewood Road NE
Cedar Rapids, IA 52499
www.lifgonline.com
55142 0311 Securities offered through Transamerica Financial Advisors, Inc. member FINRA, SIPC
®
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Quality doesn’t matter
the only thing that matters.until it matters, and then it’s
Transamerica Life Insurance Company Western Reserve Life Assurance Co. of Ohio
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AEGON companies, including Transamerica Life Insurance Company and Western Reserve Life Assurance Co. of Ohio have strong industry ratings.
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311 3
Our Mission:To help protect, grow and preserve clients’ assets.
Our Focus:The effective use of financial service products.
Our Purpose:Serving clients’ needs.
We help accomplish this through...
®
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Our Services:• Familylifestyleprotection
• Strategiestohelpmeethighereducationgoals
• Definingandfindingstrategiesforretirementgoalsandobjectives
• Strategiesforestateandbusinessissues
Our Products:• Lifeandhealthinsurance
• Disabilityincomeandlong-termcareinsurance
• Annuities
• IRA,SimplifiedandRothIRA
• SEP
• 401(k)
• 401(k)Rollovers
• IndexAnnuities
• 529Plans
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®
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
6Implementa Strategy5
ReviewPeriodically
4 Discuss a Strategy
Follow the Road to Success
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .
Look at the Facts
Set Goals& Priorities
Gather Facts
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L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
A Financial Strategy
HealthInsurance,Property,Casualty,Auto,orLong-TermCareinsurancearenotofferedthroughTransamericaLifeInsuranceCompany,
Western Reserve Life Assurance Co. of Ohio or Transamerica Financial Advisors, Inc.
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LIFE INSURANCE
RiskManagement
Foundation
• Live Within Your Means• Emergency Reserves• Insurance Policy• Systematic Savings
Distribution
• Maintain Purchasing Power• Preserve Capital• Long-Term Care
Accumulation
• Increase Savings• Taxes• Update Insurance Needs
• Lifestyle ProtectionHealth
InsuranceDisabilityInsurance
PropertyCasualty/
Auto Insurance
• Retirement Plans• Savings
• Business Ownership
Pass onPersonal
andBusinessAssets
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Your Family’sFinancial Security
Confidentially Prepared For
______________________________
_________________Date
Prepared By
____________________________
____________________________________________________________________________________
Personal Financial Inventory
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L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Asset Location Record
Wills / Deeds
Power of Attorney
Life Insurance
Health Insurance
Disability Income Insurance
Long Term Care Insurance
Property Casualty / Commercial Insurance
Investments/Retirement Income/Bank Accounts
Estate Strategies
Last Instructions to Family– Maria Murphy
Who would have known — we’re in our 40’s — I would lose my husband? Reality hit hard!! What now?
If something happened to you today, will your family know where to look?
The Personal Financial Inventory book I received as a part of this service has helped me organize all my financial affairs in one place. With this book, my children will know right where to go to find all the necessary documents. Bottom line — it gives me confidence knowing they’ll know what to do when it’s my time.
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L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Today, when we think about financial security for ourselves and our family, there are two ways to provide for it:
Short-Term & Long-Term.
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Long-termstrategiesmay
require putting money away
for 10, 20, 30 years or
evenlonger.Shortandlong-
term strategies help protect
ourselves in case of a family
loss and to fund our future
dreams and desires.
Protecting Your Family
New or Expanded
Business
Retirement
Education
Additional Accumulation
Personal Goal
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L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
You can earn
Earnings alone are not enough...
...it’s what you keep that counts.
between your first and last paychecks.A Fortune
Average Monthly Income 25 30 35 40 45 50 55
2,000 960,000 850,000 720,000 600,000 480,000 360,000 240,000
4,000 1,920,000 1,680,000 1,440,000 1,200,000 960,000 720,000 480,000
6,000 2,880,000 2,520,000 2,160,000 1,800,000 1,440,000 1,080,000 720,000
8,000 3,840,000 3,360,000 2,880,000 2,400,000 1,920,000 1,440,000 960,000
10,000 4,800,000 4,200,000 3,600,000 3,000,000 2,400,000 1,800,000 1,200,000
12,000 5,760,000 5,040,000 4,320,000 3,600,000 2,880,000 2,160,000 1,440,000
Earned income at age 65 if you begin at age:
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L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
•16aredead
•67arefinanciallydependent
•17arefinanciallyindependent
Out of every 100 people born 65 years1 ago:
A financial strategy can add more to your net worth than a lifetime of work.
1Social Security Administration, Office of Research & Statistics, May2008-Incomeofthepopulation55oroldertable3.A1,2008 US Bureau of Census, April 2008. We assume financial dependence is income less than $50,000.
Interest compounded annually at 8%
Age Savings Total Savings Total 22 $2000 $2,160.00 0 $ 0.0023 $2000 $ 4,492.80 0 $ 0.0024 $2000 $7,012.22 0 $ 0.0025 $2000 $9,733.20 0 $ 0.0026 $2000 $12,671.86 0 $ 0.0027 $2000 $15,845.61 0 $ 0.0028 $2000 $19,273.26 0 $ 0.0029 $2000 $22,975.12 0 $ 0.0030 $2000 $26,973.12 0 $ 0.0031 $2000 $31,290.97 0 $ 0.0032 0 $33,794.25 $2000 $2,160.0037 0 $49,654.84 $2000 $15,845.6142 0 $72,959.26 $2000 $ 35,954.25 47 0 $107,201.09 $2000 $65,500.4552 0 $157,513.56 $2000 $108,913.51 57 0 $231,439.10 $2000 $172,701.5465 0 $428,377.63 $2000 $342,633.61
Brother A Brother B
Brother A total saved: $20,000
Brother B total saved: $66,000
Thisisahypotheticalexampleforillustrativepurposesonlyandisnotintendedtorepresentanyspecificinvestment.Itdoesnotconsideranycostsassociatedwithinvesting.Theexampleisbasedoncompoundingafixedrateofreturnoveralongperiodoftime.However,mostinvestmentsgeneratefluctuatingreturnsandaninvestormayincuraprofitoraloss.Seekinghigherratesofreturninvolvesgreaterrisk.
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L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
Did You Know?
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• 93%ofAmericanssaythatlifeinsuranceissomethingmostpeopleneed,yet one third of adults in the United States carry no life insurance at all.1
• Tomeettheexperts’recommendationofhavingenoughlifeinsurancetoreplaceincomeforatermof7to10years,thetypicalmarriedcouplewould need to double its current coverage.2
• Ifaprimarywageearnerdies,22%offamilieswithdependentchildrenadmitthey’llhaveimmediatetroublewitheverydaylivingexpenses.Another26%saythey’llonlybeabletocoverexpensesforafewmonths.2
1 LIFEFoundationandKeltonResearch,2008;FactsfromLIMRAInternational,20062 LIMRAInternational,20073Trends in Life Insurance Ownership Among U.S. Households, LIMRA, 2005.4Table5.9“PaymentstoLifeInsuranceBeneficiaries,byYear”asshowninthe2009LifeInsuranceFactBookfromtheACLI.
• Theaveragepersonownslesslifeinsurance(3.6times income)thantheybelievetheyshouldown.3
• Infact,theaveragesingledeathclaimpaidbytheinsuranceindustryin2008was$15,897.4
L I F E I N V E S T O R S F I N A N C I A L G R O U P , I N C .55142 0311
A financial strategy may include
That's why life insurance is such an important part of your long-term strategy.
for your long-term financial goals: Three Basic Things
1
2
3
Enough income for your family if you die.
Enough income for you and your spouse if you live.
A way to help provide both 1 and 2 if you become disabled.
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