Life Insurance Planning for Wealthy Families

Many wealthy people seeking  large life insurance policies commonly need coverage to  protect their income, cover a large loan, or pay estate taxes. Many large life insurance polices are purchased on the recommendation of our client’s private office, CPA, or attorney.

For over 25 years, Affordable Life USA, has assisted many “high income” or “high net worth” individuals and their families with their life insurance planning.  We have over 25 years of experience designing life insurance planning solutions for individuals with sizeable estates. Families of wealth require access to insight, expertise, custom products and concierge service when it pertains to the design, implementation and servicing of their life insurance portfolios.

We are a boutique insurance advisory firm which focuses on wealth protection and transfer for affluent families. Our emphasis is to design and service customized life insurance planning solutions that offer flexibility for the future while meeting today’s needs.We have created an educational reference library to give successful people an easier way to learn about the advanced life insurance planning.

Guaranteed Universal Life

Do you need a permanent life insurance policy? But, have been procrastinating because you are concerned about the cost of permanent coverage. Then, you really should consider the new guaranteed universal life insurance policy (GUL). Modern guaranteed universal life insurance can now accumulate cash values like whole life, or have no cash value similar to term insurance.

There are a number of different permanent life insurance policies such as universal life, indexed universal life, variable life, and whole life. Most people automatically associate all permanent coverage with much higher costing premiums because of the savings element involved. These applicants typically jump into term life coverage assuming it is always the best option for paying lower premiums.

Keep in mind, we are strong advocates of the long time adage of “Buy Term, and Invest the Rest”. This philosophy is also embraced by popular radio and television personalities such as Dave Ramsey and Suze Orman. The idea is to buy cheap term insurance, and invest the premiums that would have been allocated towards permanent coverage.

However, if you need coverage for a longer period of time, permanent life insurance coverage is now available at a similar price point to term life. These policies are slightly more expensive then term insurance at younger ages, but the pricing spread lessens as people get into their 50’s and 60’s.

People are living longer because of continued improvements in medical science Why should your coverage die before you do? This is not like your parents whole life policy!

Shamus Beyale's Art: New York Life AARP Storyboards

Shamus Beyale's Art: New York Life AARP Storyboards

you get a AARP life insurance quote, the policy is actually being underwritten by New York Life. The AARP life insurance rates are based on group rates offered by the New York Life group division. These rates differ significantly from the policies which are sold by New York Life agents in the open market.

The coverage offered by AARP New York Life Insurance include both term and permanent life insurance. Both plans utilize simplified underwriting, which means New York Life insurance reviews a few medical question and applicants do not have to undergo a medical exam to qualify for coverage. There is also whole life insurance for which you cannot be turned down.

The AARP life insurance rates will vary depending on which plan you select. AARP Level Benefit Term Life, AARP Permanent Life, and AARP Guaranteed Acceptance Life.