for financial professional use only – not for public distribution policies issued by american...
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Policies issued by American General Life, a member company of AIG,
NameTitle
Live Longer.
Retire Stronger.
Life insurance you don’t have to die to use
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
The conversation around retirement and aging has changed
People are living longer and retiring stronger with more diverse lives than ever before
For many Americans, their second half of life is long and rich with experience including perhaps a second career, new hobbies, travel plans or spending time with family
In some cases, these experiences are not always planned, like facing unexpected financial situations such as supporting adult children or parents, market changes, an illness or even an untimely death
Traditional life insurance with standard death benefit protection is no longer enough
“I may not be able to afford the retirement I want becauseI will be providing for my kids’ and granddaughter’s future.”-Preretiree, SunAmerica Retirement Reset Study focus group2
2The SunAmerica Retirement Re-SetSM Study 2Q11 US public opinion poll was conducted by Harris Interactive via telephone interviews with a national sample of 1,001 adults age 55+ representative of general population by income, ethnicity, geography and gender.
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Life insurance for the living
Living benefit options
provide the ability to turn
your life insurance contract
into an income stream to
handle the unexpected
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Because it’s a value-driven conversation, it makes price less relevant
Living benefit options – creating numerous benefits for both agents and clients
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It gives consumers a reason to purchase permanent life insurance instead of term insurance2
The value proposition revolves around the concept that this is “Life Insurance For The Living”3
For the first time,
life insurance
buyers have the
opportunity to
spend their death
benefits while they
are still alive,
creating an entirely
new era of financial
security provided by
life insurance
FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Retirement Life StagesStage 1 – Preparing for Retirement
Stage 2 – Transitioning into Retirement
Stage 3 – Living in Retirement
Stage 4 – Leaving a Legacy
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What your clients need to know about Retirement Life Stages
Being able to retire when desired is a top concern across all family categories, age categories and income brackets
Americans can now expect to live up to 20-40 years in retirement, through all kinds of circumstances
For many, employer sponsored plans and IRAs will not be enough to provide sufficient retirement income
Running out of funds for whatever reason is top of mind
November 2014
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Adding value for your clients
We know that being able to retire when desired is a major concern across all family categories, age categories and income brackets
Helping your clients understand more about the retirement life stages can help you better explain how life insurance can play a key part in protecting their retirement assets along the way
By protecting their retirement assets you are helping them be better prepared for their financial future
When looking at retirement planning, you can view it as a life-long process with 4 distinct phases and key considerations at each phase
, December 2013
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Stage 1 – Preparing for Retirement
Developing an accumulation plan and goals
Dedicating funds towards retirement and not using them for unexpected expenses
Developing strategies to ‘pay yourself first’
Preparing for retirement may start for some in their 20’s and 30’s and for others much later. Key considerations may be –
I CAN DO IT!
Mortgage
College
Death benefit protection
Dedicated retirement funds
Paying yourself first
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Stage 2 – Transitioning into Retirement
Unplanned expenses taking care of children and/or aging parents
Developing a retirement income plan taking into account risk tolerance and timing
Becoming a money manager of your own plan
Regardless of age, transitioning into retirement is a very important phase in the retirement planning life cycle. Key considerations may be –
I’ve made it, how do
I protect it?
Can you handle life’s UNEXPECTED financial expenses?
70% of respondents believe their adult children will need financial assistance
The 2Q11 SunAmerica Retirement Re-setSM study conducted by Harris Interactive surveyed a national sample of adults age 55+
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Stage 3 – Living in Retirement
Fear of outliving retirement assets due to unexpected expenses or illness
Unexpected early retirees need to fund longer retirement
Downsizing/rightsizing and geographic relocation (near children/grandchildren)
Now the challenge is to navigate varying circumstances and stick to your planned income stream. Key considerations may be –
I’m living it! How do I make sure it lasts?
, November 2014
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Stage 4 – Leaving a Legacy
Determining amount and tax-optimized strategies for wealth transfer
Asset distribution – trust & will development
Charitable giving
Leaving a legacy is important to many Americans. If you want to transfer your estate to your family or charitable organization, it is wise to minimize taxes along the way for those involved in your estate. Key considerations may be –
I’ve made a difference!
September 2014
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
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Protection for the best of times and the worst of times
The
importance of
having access
to your death
benefit while
living is
highlighted
by some
staggering
statistics
What does that mean for your financial assets?
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Protection for the best of times and the worst of times
We are
changing the
way you think
about and
use life
insurance
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Driving meaningful conversations
Help your clients understand: – Each of the retirement stages– Which stage they’re currently in– And planning that may be appropriate
at this time in their financial life
Driving meaningful conversations about how life insurance can play a key part in protecting your clients’ retirement assets every step of the way
Stage 1 – Preparing for Retirement
Stage 2 – Transitioning into Retirement
Stage 3 – Living in Retirement
Stage 4 – Leaving a Legacy
What if your savings expire before you do?
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION
Live Longer.
Retire Stronger.
American General Life, a member company of AIG, can help you help your clients retire STRONGER
Policies issued by American General Life Insurance Company (AGL). Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). Guarantees are backed by the claims-paying ability of the issuing insurance company. AGL does not solicit business in the state of New York. Products may not be available in all states and product features may vary by state.
© 2015. All rights reserved.
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FOR FINANCIAL PROFESSIONAL USE ONLY – NOT FOR PUBLIC DISTRIBUTION