Rising inflation, uncertain markets, and increasing healthcare costs require a different strategy and approach to helping our clients plan and save for retirement.
Check out April’s edition of The Digest to learn more about how life insurance could be an appropriate planning tool during times of market uncertainty.
February is known as Insure Your Love month, making it the perfect time to educate your clients about life insurance and how it can help create a lasting legacy for those they love.
Protecting a client’s financial legacy and maintaining a path towards financial security for their loved ones are key pillars of the planning process. This month’s edition of The Digest includes tools and resources designed to help financial professionals reach these objectives.
If you asked your clients today what they’re worried about, they’d most likely say: “Inflation,” “outliving their savings,” “market volatility”… the power of Prudential’s new product can help ease those worries.
On Thursday, February 16 at 2p.m. ET, join Brandon Buckingham — Vice President of Advanced Planning with Prudential Financial — for a webinar all about how Prudential FlexGuard Life can offer clients upside cash value growth potential with levels of downside protection.
Join John Hancock for a 30-minute interactive webinar on February 1 at 2 p.m., featuring their new Protection VUL 23. Find out how you can kick start your VUL sales in 2023 with Hancock’s Protection VUL 23 — this is one session you and your colleagues will not want to miss!
Join Lincoln on January 24, 2023, at 2 p.m. to learn all about their new product, Lincoln WealthAccelerate IUL. The perfect way to start a new year is with Lincoln’s new product, a new process and new opportunities.
Attendees will receive a Lincoln-branded gift!
Lincoln is launching their new product, the Lincoln WealthAccelerate IUL, on January 24th, 2023. With a new product, a new process, and new opportunities, comes a great chance to learn how to best serve your clients with this cutting edge product. Hear from Lincoln leaders to learn more about offering clients an accelerated purchase experience and streamlined product.
OWR Team wishes you all a Happy New Year. We are committed to sharing important planning opportunities and insurance solutions to help you serve your clients and grow your business in 2023!
On December 29th, President Biden signed the Securing a Strong Retirement Act (Secure Act 2.0) into law as part of a $1.7 trillion budget bill. It includes a number of significant changes for qualified plan contributions and distributions opportunities for financial planning. A few key points of the bill are highlighted below and you can CLICK HERE for a 4-page summary of the Act and two resulting insurance opportunities!
5 key takeaways:
• The age to start taking Required Minimum Distributions “RMDs” increases to age 73 in 2023 and to 75 in 2033.
• The penalty for failing to take an RMD will decrease to 25% of the RMD amount, from 50% currently, and 10% if corrected in a timely manner for IRAs.
• Starting in 2024, RMDs will no longer be required from Roth accounts in employer retirement plans.
• Catch-up contributions will increase in 2025 for 401(k), 403(b), governmental plans, and IRA account holders.
• Defined contribution retirement plans will be able to add an emergency savings account associated with a Roth account.
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It’s the season of giving and the perfect time of year to speak to your clients about the type of legacy they want to leave for their children and grandchildren. This month’s Digest contains tools to help you show your clients how life, long term care and disability insurance can be a gift that lasts for generations, even if it is a bit unconventional. Happy Holidays from OWR family to yours!