f.b.i.p. plan

Guaranteed Premiums For Life!

This policy type is an IUL – Index Universal Life Insurance with Guaranteed Premiums For Life.

Most critics are not aware you can have “GUARANTEED PREMIUMS” with an IUL because they are used to seeing this product hyped due to the income-tax-free accumulation portion of the policy.

However….

With my favorite IUL used with my FBI Protection Plan, the premiums are contractually guaranteed, and as a result, the cash value doesn’t matter!

***Assume there will be no cash value with this policy design***

This IUL design isn’t for the cash value it’s only for the guaranteed death benefit the guaranteed premiums and living benefits to go along with the guaranteed cash-out option!

This means the “Rising Cost Of Insurance” is of no concern to you with this policy design because the premiums are guaranteed for life!

If you need a policy that builds maximum cash value please see my https://iselliuls.com/ website.

IUL Education 101:
An IUL or UL can have multiple policy designs.

1. Its design can be for Maximum Cash-Value growth for Income-tax-free distributions in retirement.

2. It can be designed for “Lifetime Guaranteed Premiums” to age 121!

This policy design is the primary focus of this website. My FBI Protection Plan!

3. It can be sold at the minimum premium payment, this design will only keep the policy active for 10 to 20 years. If you see zeros in your policy illustration after 10 years or 20 years this means it was sold at the absolute minimum premium.

This doesn’t mean the policy doesn’t work or its a scam lol This is how the agent or advisor set it up.
(Note: The scam would be if an Agent or Advisor set the policy up at the minimum premiums without telling you it will lapse in 10 to 20 years)

4. Just like in Scenario 3 the policy can be sold at the “target premium” that will keep the policy active from 30 to 40 years before it lapses.

When you see zeros in the illustration after years 30 to 40…again this isn’t a default in the policy….this is how the agent or advisor purposely designed the policy.

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Famous so-called Gurus & Buy Term & Invest The Difference Reps (like Primerica) always harp over scenarios 3 & 4 without ever educating you on options 1 & 2!

Why?

Because they’re not educated on option 1 & option 2!

With my favorite IUL I can set the guaranteed premiums to last until age 96, 100, 105, 110 all the way to age 121 Guaranteed!

One of the main differences between a Whole Life Policy & an IUL with guaranteed premiums is this:

With a Whole-life policy, you can’t adjust the guarantee period it’s set in stone at age 121.

With an IUL I can set the guarantee period to age 96 which will make the policy much cheaper compared to a policy with guarantees to age 121!

Typically for clients who are currently 50 and older, I’ll set the minimum guarantee to age 100!
If the client is 30 to 49 I’ll set the minimum guarantee to age 110. If the client is 29 or younger I’ll set the minimum guarantee to age 121!

Recap:

I have the flexibility to set the expiration of the IUL policy based on the needs of the client.

An illustration showing a policy lapse after 10 years, 20 years, 30 years or 40 years…. isn’t a defect in the policy.

It’s simply the way the agent or advisor set it up!

One last very important note:

If you have an IUL or see an IUL illustration with monthly premium payments or with annual premium payments extending beyond 5 years….

This is the first clue to let you know the policy isn’t set up for Maximum Cash-Value Growth!

If you are making monthly premium payments beyond 5 years the death benefit has to be adjusted to account for this according to IRS regulations.

This means more of your money is going towards paying for the “Cost Of Insurance” and if more of your money is paying for the cost of insurance, the cash value accumulation will be capped!

If the policy is designed with 1 lump sum payment or no more than 5 annual payments….this reduces the amount of insurance you are paying for which increases your cash value accumulation.

With this method, the fees in relation to the cash value can equal under a half percent!

When making monthly premium payments for 30 or 40 years the fees will be significantly higher, drastically eating away at your cash value!

This is why 80% of my IUL recommendations are for Contractually Guaranteed premiums and living benefits while only 20% of my IUL recommendations are for cash value accumulation!

If you can’t fund the policy in 5 years with lump sum payments I don’t recommend you use the policy for cash value… just use it for the contractually guaranteed benefits!

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My favorite IUL wins the day with *Guaranteed Premiums* from age 96 to age 121.

This is a “Contractual Guarantee”

Critical Illness Living Benefits

The Critical Illness Living Benefits is one of the reasons why I call my plan the Foreclosure Bankruptcy Income Protection Plan or FBI P-Plan!

I must warn you…
*This Ain’t Your Grandma’s Life Insurance Policy*

Life insurance policies in 2024 allow you to use the death benefit while you are still living.

This new kind of life insurance policy can
* protect your retirement income.

* Help prevent foreclosure due to a life-changing medical event such as a major heart attack right before retirement or a severe cancer right before retirement, or a severe stroke right before retirement.

Your life insurance policy could provide you with a half million dollars or more of income tax-free money that you can use for whatever you want.

Use this money to make your car payment or use it to make your mortgage payments while you’re recovering before going back to work.

Use it to pay off your mortgage, use it to pay for your hospital deductibles, and use it to become debt-free!

If you had a medical event like this at age 60 you could use this money to retire early…

I say again this ain’t your grandma’s life insurance policy.

If you were to ask Google what the number one reason for foreclosure and bankruptcy is….one of the top responses would be medical expenses, medical bankruptcy.

Even if you have health insurance you still have a deductible with a max out of pocket of $5k to $15k.

Even if you have 5,000 or 10,000 sitting in your bank account to pay for your deductible and coinsurance do you have a year’s salary saved up to replace your income from missing work?

Almost no one follows their doctor’s recommended recovery schedule because your bills do not stop just because you suffered a major heart attack or major stroke or cancer diagnosis.

Even if you have a short or long-term disability plan, these plans are not designed to replace your total income so the question is this:

How many people can afford to go 6 months or longer earning 40% less than what you are currently making?

With this new kind of life insurance plan, you can receive a lump sum income tax-free benefit 30 days with a maximum of 90 days after suffering a major medical event.

This lump sum benefit is income tax-free and you can use it however you want.

This is what I call, the ultimate FBI Protection Plan…The Foreclosure Bankruptcy Income Protection Plan!

The very last thing you want to do right before retirement is to dip into your retirement nest egg!

This could force you to work longer even when your body is telling you to stop working.

This could force you to drastically change your standard of living after working hard all your life for the last 40 to 50 years!

Having the right strategy in place is the key to an enjoyable chapter 2 of your life.

Life Insurance You Don’t Have To Die To Use can not only help to prolong your life after receiving a lump sum of tax-free income you could use for expense alternative treatments but this income-tax-free lump sum of money can also help protect your retirement income, help keep you out of foreclosure and help keep you out of the bankruptcy court.

This is a full list of all the critical illness that would trigger an income-tax-free lump sum payout:

Heart Attack
Stroke
End-Stage Renal Failure
Invasive Cancer
Major Organ Transplant
ALS
Paralysis
Arterial Aneurysms
Blindness
Central Nervous System
Tumors
Major Multi-System Trauma
Aids
Severe Disease Of Any Organ
Severe Central Nervous System Disease
Major Burns
Loss Of Limbs

Any of these conditions could trigger a lump sum payout of $500,000 or more income-tax-free!

I say again…

*This Ain’t Your Grandma’s Life Insurance Policy*

FBI-P-Plan Foreclosure Bankruptcy Income Protection Plan!

Chronic Illness Living Benefit (Long-term Care type services)

If you are in your 40s or 50s nearing retirement but also faced with having to care for an elderly parent grandparent or spouse needing long-term care services you are already aware of the financial, mental, physical, and emotional strain this can cause.

With this new life insurance plan you could access $500,000 or more income tax-free for long-term care type services.

Yes, there are famous Financial gurus who insist on waiting until you turn 60 before purchasing a long-term care policy but the problem with this advice is that currently, 80% of individuals 60 and older are on some type of medication with 94% of individuals over the age of 73 on 2 to 5 different types of medications.

Waiting until 60 before securing a long-term care plan is terrible financial advice.

You are putting yourself in a scenario where you might not qualify for a long-term care policy and if you do qualify the premiums could be substantially higher as a result of being on medications.

currently, there are 50-plus million Americans retired and only 14% have a long-term care policy that’s only $7,000,000 out of 50 million.

43 million Americans are in retirement with no long-term care policy in place but yet, 70% of current 65-year-olds will need long-term care services.

This is a massive long-term care dilemma.
The financial burden of long-term care that will be forced upon the spouse and children will create a massive future retirement shortfall for all those involved.

The problem is this: long-term care is super expensive and your long-term care premiums can go up every 5 years..

Case study:
A long-term care policy with a daily benefit of $150 for 3 years with a maximum payout of $164,250 could cost a female who purchases this plan at age 60 in standard health over $130,000 between age 60 and 90.

A female age 30 in good health who purchases this new life insurance policy that provides a lump sum benefit up to $184,000 will only pay $91 per month guaranteed.

If the person in this example keeps this new life insurance policy not only until age 60 but keeps it until age 90 the total premiums paid would equal $65,520

Compare paying $65,520 with guaranteed premiums over 60 years versus paying over $130,000 for just 30 years between the age of 60 – 90!

With the long-term care policy if you paid over $130,000 and you died peacefully in your sleep never needing the Long-term care services your beneficiaries get zero… nothing not even a refund of the $130,000 plus in premiums you paid.

However with the FBIP Plan, if you were to die at age 90 peacefully in your sleep never having to use any of the long-term care or chronic illness benefits your beneficiaries in this example would get $250,000.

This absolutely is a time-sensitive strategy.

The best time to get this plan in place is when you are 30 or younger.

If you find yourself over the age of 50 or even 69 you can still secure an FBIP Plan!

If 30 in great health you can easily qualify for a $500,000 benefit plan at a great price.

If 50 and older, advanced planning can help you secure enough coverage to shield you against long-term care costs, for example:

You find yourself in your 50s and you don’t have a life insurance policy in place with the benefits described in the previous post or you might have a couple health conditions that could cause your premiums to be slightly higher.

Let’s say you purchased this “new life insurance plan” and your total lump sum benefit for long-term care type services is $200,000 with a total death benefit of $250,000!

For your area you think $200,000 isn’t enough for LTC but as a result of current health conditions and or age this was all you could afford.

An LTC Benefits Maximization strategy I popularized for this exact situation is this:

Note: This strategy only works if your long-term care/chronic illness benefits are received as a lump sum. (Not sure if your plan works this way… Contact my office today)

The strategy works like this:

If you are in need of the long-term care type services and after receiving your $200,000 income tax free lump sum benefit you would keep 50,000 of this income tax free benefit as first year cash on hand and with the remaining $150, 000 we will purchase an asset-based long-term care annuity with a 2.5 x multiplier or an annuity with a long-term care Rider on it.

There’s no underwriting so you don’t have to qualify for the medical standpoint.

The 150,000 with the 2.5x multiplier will then turn into 375,000 you can access for the purposes of long term care type services giving you a total of $425,000 for long-term care services without having to pay anything extra!
This is my expert tip on how to increase or maximize your new life insurance policy chronic illness/long-term care lump sum benefit.

With this strategy you can turn a 200,000 lump sum benefit into 425,000 without any extra cost to you.

To be eligible for this lump-sum income-tax-free payout, the insured must be unable to perform 2 of 6 activities of daily living for a period of at least 90 days or require constant supervision to protect from threats to health or safety due to severe cognitive impairment. The Activities of daily living are:
Bathing
Continence
Dressing
Eating
Toileting
Transferring.

One more important note: If after 20 years or 25 years, you decide this policy is no longer needed you can receive 100% of your money back guaranteed with the new life insurance plan.

The sooner you can get a plan like this in place the sooner you’ll have peace of mind knowing your retirement income is protected…. your spouse’s income is protected….. your children’s income is protected against your chronic illness or long-term care illness potential needs.

If your policy is more than 5 years old there’s a very strong chance that you have a limited benefits life insurance plan…one that doesn’t offer all of the benefits I mentioned in this post.

If you have a life insurance policy and are not sure if it has any of these benefits you need to book a discovery call ASAP.

Book a discovery call today!

Terminal Illness

If an eligible insured is diagnosed with an illness or condition that is expected to result in death within 24 months or less. (12 months in FL)

You can receive up to 90% of your life insurance benefit income-tax-free!

This is a must-have benefit for families wanting to spend as much quality time as possible with a family member given less than 24 months to live.

With the Terminal Illness Living Benefit, you can ease the financial burden for members and friends wanting to spend more time with you!

These situations are very stressful, emotionally draining, and financially draining.

Having the ability to receive a portion of your life insurance policy while you are still alive is a complete game changer.

I had a client who was terminal and accelerated a portion of their policy.

My client took comfort in personally providing their grandchild a check for a down payment on their first home.

The client got to witness this before their passing!

The grandchild is also a client of mine and they’ve vowed never to sell their 1st home as a result of this love gift.

You could use this money while you are still living to personally pay off the mortgage for your spouse!

To help a child go to college debt-free, watching them as they step foot on campus for the 1st time.

These are moments that will never be forgotten.

Life insurance isn’t about death insurance it’s about “Love Insurance” You do it because of the ones you love!

With the Terminal Illness living benefit, you can spend time financially worry-free as much as possible while spending time with those you love the most!

Guaranteed Death Benefit

With guaranteed premiums come guaranteed death benefits.

As long as you make the premium payments according to the schedule of your policy, the death benefit with my FBI Protection Plan is guaranteed for life up to age 121.

If you access the policies’ living benefits, your death benefit will be reduced by the amount of tax-free income you accelerate.

Example:
You have a 1,000,000 death benefit and you have a major heart attack, major stroke or major cancer etc.

In this example, you could receive up to $800,000 income-tax-free lump sum payout.

When you die the remaining $200,000 will go to your designated beneficiaries.

Guaranteed Cash-Out Option – Returns All Premiums Paid!

This IUL has 3 different cash-out periods.
@ 15 Years for a 50% cash-out
@ 20 Years for a 100% cash-out
@ 25 Years for a 100% cash-out.

If at 20 years or at 25 years you no longer need life insurance, you can request a 100% return of all premiums paid, guaranteed!

Important Note:

This policy is not designed for cash value growth so if you decide to contribute more than the guarantee premium, the excess premium will not be refunded.

With my FBI Protection Plan design there is absolutely no need to contribute more than the guarantee premium.

Please don’t do this!

If you are looking for a policy to build cash value, STOP!@!

This isn’t the design for you!

I will need to design a different policy to help you achieve your goals of cash-value accumulation!

However***

This policy with the guaranteed cash-out of all your money after at 20 years or at 25 years… is not designed for cash-value accumulation.

Assume there will be no cash value with this plan.

This policy design is for the contractually guaranteed benefits and living benefits only!

This policy is great for people purchasing a term policy with a return of premium feature.

A term policy with a return of premium is often times more expensive than my IUL policy with a return of premium. The obvious negative with the term policy is this:

If after 20 years or at 25 years you still have a need for life insurance with the term policy…. get ready to pay a boatload more because now you are 20 – 25 years older and most likely have health conditions.

With my favorite IUL you have the option to walk away and get 100% of your money back or if you find yourself with decreasing health you simply continue making your monthly premiums and your coverage is still guaranteed and your premiums amount is still guaranteed regardless of your health!

There is no additional cost for this Guaranteed Cash-Out Option rider!