Legacy Care^®

Legacy Care^® is a single premium deferred annuity that is available to clients up to age 99 and is offering 3.00% interest* - better than many CDs that your clients might have their money in today.

If you sell annuities and work in the senior market, you probably have clients who aren’t getting much return on their invested dollars. Perhaps now is a great time to discuss Legacy Care^®, which includes a interest rate bailout provision.
Legacy Care^® offers:

• 3.00%* current interest rate with interest rate bailout provision
• Issue ages through 99
• Five-year surrender schedule
• Competitive commissions even at higher ages

* Please note that this rate is only applicable to the state of California.

For more information on this exciting program, contact Provada at 415-369-9990.

Provada Takes the Hassle Out of Selling Term Life Insurance

Here’s how it works…

What You Do:

1. Obtain basic quote information
2. Select the desired product
3. Complete the simple application form online.
4. Electronically submit for immediate processing

What Provada does on behalf of you, the agent:

1. Our licensed agents contact your client to gather medical and lifestyle information
2. Review product selection to ensure quote and coverage accuracy
3. Complete the carrier application
4. Order medical exams and physician statements (aps) when necessary
5. Follow the application through underwriting
6. Deliver the policy
7. Ensure any outstanding forms and/or money are collected in order to place the case
8. Split the commission with you, 50/50!

For more information, please contact Provada at 415.369.9990

Tax-Deferred to Tax-Free!

Beginning January 1, 2010, The Pension Protection Act will allow for specific Annuity contracts to pay qualifying long-term care expenses, INCOME TAX FREE!

Using cash value withdrawals from specific annuity contracts to pay for qualifying long-term care expenses or to pay qualified long-term care insurance premiums, will no longer be taxable income. Instead they will be considered a reduction of cost basis.  “A reduction of cost basis” means that distributions from the policy are non-taxable and reduce the owner’s cost basis in the contract (but not below zero).

Clients who have annuities as part of their investment portfolio today may also take advantage of this significant federal tax incentive that is just around the corner.

However, only certain annuities are ‘built’ to reap these benefits.  Annuity Care® from state Life is one of those annuities. As of Jan. 1, 2010, withdrawals from Annuity Care for qualifying long-term care expenses will be income tax-free! 

Now is a great time to discuss the importance of Annuity Care with your clients. With the advent of annuities with LTC benefits, your clients may start to look at preparing for retirement a little differently.

To learn more about Annuity Care’s other features, like optional lifetime coverage and protecting both spouses on one policy, contact Provada today at 415-369-9990.

How much more money will tax-deferral give me?

We all know that the longer you avoid paying taxes, the more money you will have. But have you ever calculated exactly how much more money tax-deferral provides?

Did you know that after postponing taxes for just six years, a tax-deferred annuity can produce 11% more income every year than a taxable account? After fifteen years, you will have 30% more income due to tax-deferral (refer to the table below).

The longer you defer taxes, the more money you will have—That’s the power of tax deferral!

Growth Comparison

Year                                       3                      6                     9                     12                     15              

Taxable                          $11,496          $12,756        $14,406         $16,271           $18,377

Tax-Deferred                 $11,910          $14,185        $16,895         $20,122           $23,966

Yearly Income Comparison

Year                                       3                      6                     9                     12                     15             

Taxable                             $678               $765              $864                $976              $1,103 

Tax-Deferred                    $715               $851           $1,014             $1,207             $1,438

Additional  Income            5%                 11%               17%                 24%                  30%

For more information, contact Provada at 415-369-9990.

More than ever people are turning to Annuities, because annuities do something no other product can do…. they provide a guaranteed “paycheck” for life!

Include SPIAs as part of your clients retirement portfolio and provide peace of mind with a guaranteed paycheck that will take care of their essential expenses at retirement. 

Click here, to read the CNN article "How to make your Money last"…
There are ways to guarantee you clients won’t run out of income, regardless of what the market does next.

Click here, for quick TIPs and RESOURCES on how to drive your annuity business today.

Once your client feels prepared for retirement, they will be much more receptive to optimizing the rest of their portfolio!!!

Contact Nickelle Leist, CAS, for a quote today Nickelle@provada.com.

"Create Financial Security with Predictable Cash Flows
… It’s More Important Today Than Ever Before "

CLICK HERE, to gain access to a recorded webinar.

Provada provides innovative sales ideas and case studies, on how to diversify your clients’ portfolios today, to provide dependable and guaranteed cash flow with flexibility in case things change tomorrow.

Take Advantage of These Four Sales Strategies: 

1. Cash Flow Diversification
2. Prospecting for 401K Roll-Overs
3. The Power of Tax Deferral
4. Fixed Annuities vs. Certificates of Deposit

Recognize the Need…. Provide a Solution

Need: Bridge the gap between now and retirement & guaranteed stream of income in the future.
Need: Stable growth rate and guaranteed retirement income.
Need: Looking for a "Safe Haven" for their savings

For more information, contact Provada at 415-369-9990

Would you believe that clients can obtain $1 Million of Transamerica term coverage with NO medical exam required? 

Well, if they qualify for the TOP 25 Program, they can!!

The Transamerica Opportunity Program (TOP 25) is an easy way for producers to expand their term inforce business.  It allows producers to offer clients a convenient way to top their existing term coverage by qualifying for up to $1 Million of additional term coverage without undergoing a medical exam.   

If you have a client or just know of someone between the ages of 18 - 55, that has purchased term insurance within the last 5 yrs, with a $100K face or larger, a Standard rating or better and underwritten with blood & urine analysis, from one of over 60 qualified carriers, then they are eligible for up to $1 million of additional term coverage (using the 25 yr term product) with no medical exam required. AND, the previously issued policy does not have to be inforce!! 

Check out this "TOP 25 Program" presentation. Just click on the link below:

Top 25 Program Presentation

For more information on this exciting program, contact Provada at 415-369-9990.