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Life insurance was created to help protect the financial security of your loved ones after you die. Adequate life insurance coverage is an integral part of a comprehensive wealth management plan. With over thirty years of insurance industry experience Wagner Resource Group, Inc. can create a customized life insurance coverage plan that fits your needs and your budget.
Please contact us if you are interested in learning more or use our Get A Quote function to receive a life insurance quote from the most competitive carriers available.
Life Insurance Introduction
The assets accumulated inside of a properly structured life insurance contract can be accessed tax free as a living benefit.
Life insurance contracts have historically been available in the following three formats:
Whole Life or Universal Life
Premiums can be calculated to carry a life insurance death benefit for the insured’s entire lifetime. The policy investment activity is limited to insurance company direction and is a part of the general fund of the insurance company. In addition, some companies will enhance the investment activity with dividends.
Whole life contracts principal disadvantage is higher cost of insurance charges, no investment direction and little flexibility.
Choose the strongest company with best crediting rate because insurance is designed to be guaranteed to age 100.
Variable Universal Life
Replaces the investment activity of the general fund of the insurance company with self-directed subaccounts.
Principal disadvantage is that investment activity is subject to market risks. Many new contracts have devised safety net premiums to compensate for the risk of the markets. Works best with a universal life chassis to reduce costs of insurance.
Choose a company that maximizes the choice of sub accounts and provides opportunities across all asset classes.
Tax-advantaged distributions are an important feature. To maximize distributions contracts must provide low cost loans and low cost future fees.
We maintain a comprehensive database of carriers that provide these features. Wagner Resource Group, Inc. will survey the market for the best combination of cost and benefits in a variable life contract.
Pay as you go insurance. Use lowest cost provider consistent with quality company representation.
Return of Premium Term
Similar structure to traditional term, but at the end of the policy’s term the owner receives the full amount of all premiums paid into the policy. These policies typically require higher premiums than traditional term policies, but there is value in receiving a return of your premium.