Tuesday, August 14, 2018

Business Problem Solved

Ken is President, CEO and part owner (with other investors) of an equipment company. Ken handles the day to day operations and is responsible for growing the business. Most of the company’s value is derived from Ken’s experience and skill set which is crucial to the success of the business. The company is looking to protect the interests of the investors and provide debt protection. Additionally, Ken is key to his family’s current and future financial security.

Premature death can cause financial hardship to Ken’s business partners and his family. Purchasing life insurance can provide financial protection with a tax-free death benefit to the company and his family.



The Solution


Male, age 55, in good health, Approved Select Preferred as the best available class

Policy #1:
  • $10,000,000 death benefit, the business is the owner and beneficiary
  • Term UL Policy Guaranteed for 10 years
  • $15,070 annual premium

    Policy #2:
  • $1,500,000 death benefit, owned by him with his wife is the beneficiary
  • Term UL Policy Guaranteed for 15 years
  • $2,971 annual premium
First Year Target Premium: $18,000

Additional Estate Planning insurance solution is currently in the works. 

Thursday, August 2, 2018

Fact Finders: The Facts Can Make the Sale

These handy detectors are easy to use, ask the important questions and are an excellent way to start a client conversation in a meaningful way. It’s the right thing to do to help your clients plan appropriately for their future while protecting your reputation and increasing your bottom-line.

MVP Financial has many Fact Finders available on our website for your use:

  • Basic Needs Analysis
  • Life Insurance in Retirement
  • Blended Families Planning
  • Single Parent Planning
  • Domestic Partners Planning
  • Charitable Planning
  • Estate Planning, and more

Tuesday, April 10, 2018

Retirement Help for Generations

It's National Retirement Planning Week... Retirement planning varies by generation and can be a struggle to find the right approach for each one. However, once you understand the similarities as well as the differences, you can be better prepared to serve all your clients/generations effectively. The more you know about the needs, attitudes, and behaviors of each generation, the better you may be at understanding how to help them achieve their retirement goals.

Like most advisors, your focus has probably been zeroed in on the Baby Boomer generation when it comes to helping your clients with retirement planning. It may be time to start focusing on the younger generations in order to grow or maintain your current practice. As affluent Millennials and Gen Xers age and inherit wealth, they become good candidates for an advisory relationship when looking to protect wealth and secure retirement. 

Maintaining a successful practice is about adapting to change. There are many ways advisors can position themselves to better serve the financial needs of all generations. Use these carrier resources to help get you started.