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.

Provada Can Help You Create Sales opportunities ….

Provide your clients a value added service (at no hassle to you), that will open the door to a life insurance sale… and much more!

This program will help your clients and prospects understand what they have, how it works, and the strengths and weaknesses of their current portfolio… worst case scenario the clients policy is performing as expected, and you have built a bond of trust that will stick with that client forever.

Why do your clients need a Policy Review?

In Just 10 years, changes have been made in the way life insurance is designed, priced and medically underwritten.  Provada’s Personal Policy Review Program has been designed to evaluate your client’s current insurance policies in the face of: 

· Changing Interest Rates

· Longer Life Expectancies

· Improved Underwriting Classes

· The Ability to Exchange a Non-Guarantee

   policy for a Guaranteed Policy

What you need to do….

Fill out the Policy Review Fact Finder as complete as possible regarding the client current health and financial objectives. If you are not the writing agent for the client’s current policy, you will need the client to sign an Authorization form, allowing Provada or yourself to obtain the inforce illustrations from the carrier.

Provada does all the work so that you don’t have to…

Provada will take the information you provide, and do an objective review of the client’s current policy versus what is available in today’s market place. We will provide you with a complete turn-key marketing kit that will help you present the findings to your clients. What do you have to lose?

Our kit includes:

• Pre-approach letters for Individual and Business clients

• Simple One Page Fact finder / Authorization forms to obtain the inforce illustrations

• Customizable brochure with your agency information and logo

Ideal Policies for Review:

- Policies 5 + years (dated on or before 2002)                         - Non Guaranteed Products

- Existing UL, Whole Life, and Term Policies                           - Face amounts of $250,000 +

- Policy owners over the age of 50                                              - Existing premiums of $10,000 plus

- Policies with cash surrender values of $10,000 plus

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

Are your clients in need of steady income during retirement?
You could choose to finance a portion of this need through certificates of deposit (CDs), but you may run into problems…

Problem:
There is no guarantee a CD will last the clients lifetime - and your clients are looking for Guarantees.
Solution:
A single premium immediate annuity is the only financial product that can guarantee an income for life - "A Guaranteed Paycheck for life."

Problem:
CDs are subject to penalties if cash is withdrawn for unforeseen emergencies before the CD matures. 
Solution:
Many Immediate annuities now allow 100% return of principal on surrender, waiver of surrender charges for terminal illness, and 10% free withdrawals every year.  
Payouts can be tailored so that for certain medical conditions, payments increased up to 20%; or up to 50% for nursing home confinement. Options also include 3% inflation protection and survivor continuation. 

Annuity Bonus Round…
Immediate annuities avoid Probate upon an annuity owner’s death.  The cash value of the annuity will pass to the beneficiary outside of probate. Unless a CD owner has completed a “transfer upon death” form, the CD will pass through probate.

Higher Monthly Payouts, Immediate Annuities many times outperform CDs on payout rates because interest rates are only one component of annuity payouts. Distributions of principal contribute to the stream, as do mortality credits—the dividends that accrue to surviving contract owners. Mortality credits account for a growing share of the payment as you delay the start date

Also remember, insurers base their payout rates on corporate rates.  From 1919 to 2008, the average rate for long-term AAA corporate bonds was 6 percent.  Today, the rate is close to 6 percent and well above the lows of 2.5 percent in the late 1040’s.

Can your clients CD’s compete with this??

Click Here, to view a Case Study

For more information please contact Nickelle Leist at Nickelle@provada.com.

Save Time & Money!

TeleLife Program will Enhance Agent Productivity. 

WCL’s TeleLife program will streamline the way Term Life Insurance Applications are submitted and processed.

The Agents role…

1. You can make the sale in person or over the phone using a short one-page application.

2. Use the Pre-Qualification questionnaire to determine rate class

3. Writing agent signs the application (The client’s signature is not needed to submit the application; client signature will be obtained during the Medical exam.)

4. Submit the short application to Provada at applications@provada.com

or fax the application to: 415.369.9991

Remaining tasks are then handled by Provada and West Coast Life.

1. The phone interview is set-up and conducted with the client;

2. The client interview information is added to application;

3. The client records are ordered (APS’s, MVR’s, Inspection Reports, etc.);

4. Any outstanding requirements are followed up on;

5. The agent will be kept fully up-to-date on all activities.

Features and Benefits

• Application is completed during the 20-minute telephone interview
• Guaranteed completeness of pre-application and replacement forms
• 75% of the interviews are completed within 5 days
• Client signature is not required
• APS orders are reduced
• Expenses are reduced
• Placement ratios are improved
• There are no cost or fees to the Agent/Broker

The result is more sales… and more money!

WCL’s TeleLife Premium Min and Max:

Minimum face amount: $100,000; Maximum face amount: $10,000,000

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