Consulting Services and Benefits

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  1. Death Benefit

  > A lump-sum payment made to the beneficiary(ies) upon the policyholder’s death.

            > Main purpose of life insurance.

       2.  Cash Value Accumulation (for permanent policies like whole life or universal life)

            > Part of the premium goes into a savings/investment component that grows tax-deferred.
             > Can be borrowed against or withdrawn (with some limitations).
       3.   Policy Loans
  > Borrowing against the cash value of the policy, usually with low interest rates.
             > No credit check required.
      4.   Dividends (for participating whole life policies)
           > Some insurers pay annual dividends based on company performance.
           > Can be taken in cash, used to reduce premiums, buy additional coverage, or left to
               accumulate interest.

Riders are optional benefits added to customize the policy:

      1. Accelerated Death Benefit Rider

               > Lets you access a portion of the death benefit if diagnosed with a
                      terminal illness.

        2.  Waiver of Premium Rider

             > Waives premium payments if the policyholder becomes disabled.

       3.  Accidental Death Benefit Rider

             > Pays an additional benefit if death occurs due to an accident. 

       4. Child or Spouse Term Rider

          > Adds life insurance coverage for a child or spouse.

       5.  Long-Term Care Rider

         > Helps cover the cost of long-term care (nursing homes, assisted living, etc.).

 Some insurers (especially larger ones) offer:

> Retirement planning

> Estate planning

           > Business succession planning

 > College savings planning

> Investment and wealth management (through affiliated advisors)