Take the Risk out of Advice: Life Income benefits

ICON has partnered with SA's leading Life Income providers; Sanlam, Hollard and FMI, that have benefit options that pay your clients' estate, family or key beneficiaries in the event of them passing away.

CHILDREN

TAKE CARE OF CHILDCARE COSTS MAINTENANCE PAYMENTS
SINGLE PARENT FAMILIES
GREAT TO USE AS EDUCATION BENEFIT

Ensure the child’s holistic needs are taken care of up to age 18, 21 or 24. The proceeds of the claim can be paid to a guardian, trust, or a trusted individual, if the children are minors.

SPOUSE

COVER SPOUSE'S LIVING EXPENSES UNTIL RETIREMENT
SUPPLEMENT RETIREMENT SAVINGS WITH A WHOLE OF LIFE BENEFIT EX-SPOUSAL MAINTENANCE

Choose WOL income payments or until clients' selected retirement age of 55, 60, 65 or 70.

BUSINESSES

The Life Income benefit for businesses ensures that the monthly operating expenses of your business will continue to be paid for 6 or 12 months in the event of your death, as a business owner or key person.

ESTATE LIQUIDITY

Use Life Income benefits to provide dependents and loved ones with a regular monthly income for a period of 6, 12 or 24 months whilst the estate is wound up.

AGING PARENTS

here are more and more people supporting their parents financially in todays world, and selecting a Whole of Life income benefit is the only life insurance benefit available that perfectly provides for this need.

Why Life Income benefits offers smart advice?

Using Life Income benefits, your clients can be sufficiently insured from day 1, and not over insured later in life (no premium wastage).

Life income benefits are approximately 30% more affordable than the equivalent lump sum, and the comparison savings are hugely significant over a long period of time! The premium savings could be put towards saving and investments, and generate more wealth for your client.

How can you, an adviser, still create practice revenue without receiving a lump sum to invest?

• The premium savings during the policy lifetime provide opportunities to increase risk cover or allocate towards savings / investments.

• How often does a client spend too much of the money before it gets back to you to invest? Or doesn't come back to you at all?

• With income benefits, you have the opportunity to “inherit” a client that now has a guaranteed income and requires financial planning and advice.

• With a combination of income and a lump sum pay- out; the income payments, even for a short term period, removes the stress of winding up the estate or needing to draw income form investments.