Provada - Life Insurance Brokerage and Marketing Services

Webinar: Multi-Generational Asset Allocation Modeling

Stephen Silver — Wed, 04 Jan 2012 19:32:02 +0000

Join Provada and Lincoln Financial Group on Thursday, January 5 at 10:30am PST as we discuss how you can help your clients integrate life insurance into the multi-generational asset allocation model and bring them new ideas for all aspects of their financial portfolios. This week's webinar will highlight:

Features and benefits of the Lincoln Life GuaranteeUL.
A new way of looking at asset allocation modeling.
How life insurance can positively impact the risk-return possibilities of the next generation.

Start 2012 off right - make sure you join us for this exclusive webinar!

Thursday January 5, 2012 - 10:30am PST

Reserve Your Spot for the Webinar!

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Notice of Compensation Change for TransACE Survivor 2010

Jessica Wilson — Wed, 21 Dec 2011 18:09:39 +0000

Transamerica is eliminating commissions on premium received in excess of target in any policy year for the TransACE Survivor^® 2010 product.

This change will take effect on policies with application signature dates of January 17, 2012 and later. Applications with a signature date prior to January 17, 2012 must be received in the Cedar Rapids Administrative office by end of business on January 31, 2012.

If you have any questions, please contact your Provada representative at (415) 369-9990.

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TrueTerm Rates Are Going Down!

Jessica Wilson — Mon, 19 Dec 2011 19:03:07 +0000

As of November 21, 2011, Lincoln Benefit Life has reduced rates for their TrueTerm product, making it a more competitive solution in their life portfolio. The rate changes will reduce rates in select cells up to 20%, with typical rate reductions in the range of 5-15%. (Please note: Not all rates changed, but there will be no rate increases.)

Here are the key facts to note:

Decreases were implemented for 10, 15, and 20-year guarantee periods
Decreases focus on the $1 - $4.9 million band
Rate decreases are for males and females, ages 45–65, Standard Select & Standard Non-Tobacco. For select ages, Preferred will also be reduced

TrueTerm policies issued before November 21, 2011, with an application dated prior to October 21, 2011, must follow regular replacement rules in order to receive the new rates.

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Provada Launches Exclusive Capital Transfer Illustration Software

Jessica Wilson — Mon, 03 Oct 2011 16:00:00 +0000

Introducing our exclusive capital transfer illustration software. Cap-Tran is a revolutionary tool which allows trusted advisors to show their clients how purchasing life insurance from IRA, CD or annuity assets makes financial sense.

Provada's capital transfer illustration software:

Aids in maximizing wealth transfer for your clients,
Is easy to use and easy to understand,
And is only available for Provada agents.

Create significant wealth for your clients while increasing your book of business. Learn how you can get access to Provada's Capital Transfer Illustration Software today.

Visit www.provada.com/capitaltransfersoftware to learn more now!

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Capture More Business in the Middle Market Using Rapid eUnderwriting

Jessica Wilson — Mon, 12 Sep 2011 19:39:46 +0000

Join Provada and Metlife on Thursday, September 15 at 10:30am PST to learn more how you can take advantage of the Rapid eUnderwriting process to capture more business in the middle market. This week's webinar will feature discussion on:

How rapid eUnderwriting is different than traditional underwriting.
The 3 simplified steps that make the process more efficient for you and your client.
Guidelines for qualification as well as specific restrictions and available enhancements.

Thursday September 15, 2011 -- 10:30am PST

Add this webinar to your calendar

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Ownership and Beneficiary Guide: Personal Policies for Family Protection

Bob Burton — Thu, 01 Sep 2011 22:06:35 +0000

As promised in Tuesday's blog post, the following is the opening section of our Ownership and Beneficiary Guide, dealing with personal policies for family protection. The other sections of the Guide dealing with other typical situations will be published over the next few weeks. In the meantime, if you wish to receive a copy of the complete Guide, please send me an e-mail addressed to bob@provada.com.

Role	Who Should Fill it	Observations
Owner	Insured	In most situations, it is neither necessary nor desirable to name a third party as owner, not even a living trust
If There Is a Living Trust
Primary Beneficiary	[name(s) of current trustee(s)], or their Successors, Trustee(s) of the [name of trust], dated [date of trust]	Generally, it is considered advisable to name the living trust as beneficiary, but if the insured wishes to name his or her spouse as primary beneficiary and the living trust as contingent beneficiary, that is acceptable
Contingent Beneficiary	Estate of Insured	If the spouse is named as primary beneficiary, then the living trust would be named here
If Married and There Is NO Living Trust
Primary Beneficiary	Spouse of Insured	In special situation, a different beneficiary could be named, but beward of community property issues in community property states
Contingent Beneficiary	Children of insured in equal shares per stirpes; provided, however, if any beneficiary is under age [see observation], that beneficiary's share shall be paid to [name of responsible adult], as Custodian for that beneficiary until age [same as above] under the [applicable state] Uniform Transfers [or Gifts] to Minors Act; Successor Custodian: [name of another responsible adult]	The individuals named as Custodian and Successor Custodian would normally be the same persons who would be named as Trustee and Successor Trustee under a Living Trust. The age to which distribution can be deferred differs from state to state and should be checked under the applicable state law, which can be Googled. It is recommended in most cases that it be as late as possible, such as age 25 if in California for testamentary transfers. Most states have adopted the Uniform Transfers to Minors Act, but some states may still have only the Uniform Gifts Act
If a Single Parent and There Is NO Living Trust
Beneficiary	The above would be the primary beneficiary and the estate of the insured the contingent beneficiary	In all of these situation, if all beneficiaries are adults, they can be named without a Custodian

Bob Burton LLB CLU ChFC AEP, Director of Advanced Planning
415-369-9990, x116 -- bob@provada.com

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The Importance of Policy Ownership and Beneficiary Designations

Bob Burton — Tue, 30 Aug 2011 21:42:28 +0000

Life insurance is typically one of the most important assets owned within a family or a business, and how the proceeds are distributed at the insured’s death is an essential and integral part of the family’s estate planning and/or the business’s business planning. The many tax benefits of life insurance are also key to its effectiveness in all situations.

Yet too little attention is often paid to the proper policy ownership provisions and beneficiary designations. This can lead to a variety of serious problems, ranging from the wrong people getting the proceeds, children being too young to manage the proceeds for themselves, loss of tax benefits, unwanted tax consequences, or other unexpected adverse results.

In order to help our agents avoid all those problems, we have prepared a comprehensive “Ownership and Beneficiary Guide” that is available upon request to me at bob@provada.com. We will also be publishing each section of the Guide in subsequent blog posts over the next few weeks, the first section to be posted later this week.

We hope you find this Ownership and Beneficiary Guide to be helpful to all of you as you grow your businesses.

Bob Burton LLB CLU ChFC AEP, Director of Advanced Planning - 415-369-9990, x116 - bob@provada.com

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Making Sense of Return of Premium Term

Jessica Wilson — Tue, 30 Aug 2011 17:25:51 +0000

Join Provada and ING on Thursday, September 1 at 10:30am PST as we discuss how you can determine when Return of Premium Term makes financial sense, when it makes emotional sense, and when it makes no sense at all. This week's webinar will highlight:

The ins and outs of Return of Premium Term.
How ROP term can aid in both business and personal planning.
Case studies that successfully employ ING's ROP Endowment Term as a solution.

Thursday September 1, 2011 -- 10:30am PST

Add this webinar to your calendar

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Understanding Estate Taxes and Wealth Transfer Planning in Today's Challenging Marketplace

Jessica Wilson — Mon, 15 Aug 2011 22:39:03 +0000

Join Provada and Prudential on Thursday, August 18 at 10:30am PST as we discuss the challenges of wealth transfer planning in today's uncertain environment. This week's webinar will feature the tools and resources that will help make you successful in wealth transfer planning in today's environment. Join us to learn how to use the Prudential Estate Tax Calculator. This fantastic tool offers:

State estate and inheritance tax information.
Information on current law (today and post 2012 sunset).
The ability for users to dial or model alternative hypothetical estate tax legislative scenarios.

Thursday August 18, 2011 -- 10:30am PST

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Trackback URL for "Understanding Estate Taxes and Wealth Transfer Planning in Today's Challenging Marketplace"

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OneAmerica Decreases Interest Rates for Annuity and Legacy Care Products!

Jessica Wilson — Tue, 09 Aug 2011 19:15:16 +0000

New business interest rates for OneAmerica's Annuity Care, Annuity Care II and Legacy Care products will be decreasing effective August 15, 2011. The new rates will be as follows:

Annuity Care

Long-Term Care Fund: 2.90%
Cash Fund: 2.00%
Cash Fund Maximizer Option: 2.05%

Annuity Care II

Long-Term Care Accumulated Value (LTCAV): 2.75%
Accumulated Value (AV): 2.05%

Legacy Care

1.00%

Current new business rates may be preserved based on the method of funding:

Cash Transactions: A completed application with full premium must be received in the OneAmerica home office by the end of business on Friday, August 12th, to preserve the current interest rate.

Transfer/1035 Transactions: A completed application with completed transfer or 1035 paperwork must be received by OneAmerica no later than Monday, August 15th. All pending transfers or 1035s must be fully funded by Friday, October 14th to preserve the current interest rates.

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The ABCs of Disability Income

Jessica Wilson — Mon, 08 Aug 2011 19:05:34 +0000

Join Provada and Principal Financial this Thursday, August 11 at 10:30am PST as we discuss how you can hit the mark with individual disability insurance solutions. This week's webinar will feature discussion on:

The target market for individual disability insurance.
Sales opportunities spanning several distinct markets.
Case studies exemplifying the benefits that DI offers to your clients.

Thursday August 11, 2011 -- 10:30am PST

Add this webinar to your calendar

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Only 1 Month Left to Earn Provada's Endless Summer Rewards

Jessica Wilson — Fri, 05 Aug 2011 14:38:41 +0000

Provada is celebrating summer by offering our agents rewards for submitting business through Provada between July 4 and September 5, 2011. Agents have the opportunity to earn fantastic rewards including weekend getaways and the latest electronics.

Visit http://www.provada.com/endless-summer to find out more about the program and the rewards!

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Funding Permanent Life Insurance Protection Utilizing Gifts and Intra Family Loans

Jessica Wilson — Fri, 22 Jul 2011 17:09:52 +0000

Join Provada and Penn Mutual on Thursday, July 28 at 10:30am PST as we discuss how you can use gifts and intra family loans to fund permanent life insurance protection for your clients. This week's webinar will explain how these two strategies offer the advantages of simplicity, tax efficiency and flexibility. Join us this Thursday as we discuss:

How to choose the right solution for your client.
Sales ideas that utilize life insurance as a gift.
Intra family loans as a wealth transfer and premium funding strategy.
Planning considerations for both strategies.

Add this webinar to your calendar

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New Success Weekly Video: Provide Your Clients with a 7.2% Guaranteed Rate

Lloyd Silver — Fri, 15 Jul 2011 19:03:55 +0000

We've just posted a new Success Weekly Video at http://www.provada.com/success-weekly/index-annuity-income-rider. Learn how you can provide your clients with a 7.2% guaranteed rate using an index annuity with a guaranteed income rider. This product is available from several top carriers and offers your clients future guarantees along with some flexibility making it ideal for anyone concerned about protecting their future.

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Explore Sales Opportunities in the Business Owners Market with TransTerm

Jessica Wilson — Thu, 14 Jul 2011 23:52:23 +0000

Join Provada and Transamerica on Thursday, July 21 at 10:30am PT as we discuss a UL/Term hybrid product with strong features that can help create sales opportunities in the business owners market. This week's webinar will cover:

A detailed overview of the features and benefits of the TransTerm product.
How to use a beneficial paradigm shift for income protection.
Various different sales ideas using the TOP program.

Trackback URL for "Explore Sales Opportunities in the Business Owners Market with TransTerm "

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Guaranteed Alternative to a 4% Withdrawal Strategy

Nickelle Leist — Mon, 11 Jul 2011 17:46:20 +0000

Have you ever heard that a "4% systematic withdrawal strategy" is a safe way to create retirement income? While this is a good general rule of thumb, it cannot guarantee clients won't outlive their money. Consider a guaranteed alternative to the 4% strategy that can provide the income certainty they are looking for during retirement. Read how John was able to transfer his retirement income risk, maintain some liquidity, and get the guarantees he was looking for.

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CD vs. Life Insurance

Nickelle Leist — Fri, 08 Jul 2011 18:19:09 +0000

CD vs. Life Insurance

Do you have clients with money sitting in a CD, possibly earning 1% over the next 18 months, that is never ever going to touch the money? Is that money simply designated for their heirs or charity? If so, then you might be able to get them a better return going the life insurance route rather than keeping them in a vehicle that currently can’t keep pace with inflation.

Here are some examples of what a single lump sum of $100,000, $250,000 and $500,000 could buy on someone Preferred Risk:

Age	Male $100,000	Female $100,000	Male $250,000	Female $250,000	Male $500,000	Female $500,000
50	599,071	721,942	1,497,678	1,804,856	2,995,357	3,609,713
55	530,633	647,375	1,326,584	1,618,439	2,653,168	3,236,879
60	421,810	521,736	1,054,526	1,304,342	2,109,052	2,608,684
65	340,072	424,150	850,181	1,060,375	1,700,363	2,120,751
70	275,930	328,834	689,826	822,086	1,379,653	1,644,172
75	219,305	254,831	548,264	637,078	1,096,529	1,274,156
80	165,529	176,592	413,823	441,480	827,647	882,960

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45% of baby boomers are at risk of running short of funds during retirement... Here is how you can help!

Nickelle Leist — Thu, 07 Jul 2011 17:56:39 +0000

45% of baby boomers are at risk of running short of funds during retirement.* In fact, many may have had to take more money from their portfolio than anticipated due to the recent economic downturn.

Provide your clients a retirement income strategy that can help address that risk. Help them maximize their guaranteed retirement income with a single premium immediate annuity (SPIA). In many cases, using a SPIA as part of a sustainable income strategy can help your clients maintain the lifestyle they want rather than settling for less due to a conservative withdrawal strategy.

* 2010 Retirement Readiness Ratings, the Employee Benefit Research Institute

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Prudential's UL Protector Approved In California

Stephen Silver — Thu, 07 Jul 2011 16:26:34 +0000

Prudential’s re-priced UL Protector (2011 version), which has been available in most states, has finally been approved for sale in California. Unlike many other GUL products that have had recent premium increases, this product’s premium has actually been reduced.

We have been advised that this product is very competitive on lifetime guarantees, guarantees to age 100, full pay scenarios for the top 3 underwriting classes and smoker classes, at ages 65 and younger, and on face amounts of $1 Million and over.

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Provada Launches Endless Summer Rewards

Stephen Silver — Wed, 06 Jul 2011 23:09:21 +0000

Provada has just launched its Endless Summer Rewards Program. This is a chance for us to celebrate the summer by offering our agents rewards for submitting business through Provada between July 4 and September 5, 2011.

To find out more about the program and browse through fantastic rewards which include trips and the latest electronics CLICK HERE!

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Provada - Life Insurance Brokerage and Marketing Services

Webinar: Multi-Generational Asset Allocation Modeling

Trackback URL for "Webinar: Multi-Generational Asset Allocation Modeling"

Notice of Compensation Change for TransACE Survivor 2010

Trackback URL for "Notice of Compensation Change for TransACE Survivor 2010"

TrueTerm Rates Are Going Down!

Trackback URL for "TrueTerm Rates Are Going Down!"

Provada Launches Exclusive Capital Transfer Illustration Software

Trackback URL for "Provada Launches Exclusive Capital Transfer Illustration Software"

Capture More Business in the Middle Market Using Rapid eUnderwriting

Trackback URL for " Capture More Business in the Middle Market Using Rapid eUnderwriting"

Ownership and Beneficiary Guide: Personal Policies for Family Protection

Role

Who Should Fill it

Observations

If There Is a Living Trust

If Married and There Is NO Living Trust

If a Single Parent and There Is NO Living Trust

Trackback URL for "Ownership and Beneficiary Guide: Personal Policies for Family Protection"

The Importance of Policy Ownership and Beneficiary Designations

Trackback URL for "The Importance of Policy Ownership and Beneficiary Designations"

Making Sense of Return of Premium Term

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Understanding Estate Taxes and Wealth Transfer Planning in Today's Challenging Marketplace

Trackback URL for "Understanding Estate Taxes and Wealth Transfer Planning in Today's Challenging Marketplace"

OneAmerica Decreases Interest Rates for Annuity and Legacy Care Products!

Trackback URL for "OneAmerica Decreases Interest Rates for Annuity and Legacy Care Products!"

The ABCs of Disability Income

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Only 1 Month Left to Earn Provada's Endless Summer Rewards

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Funding Permanent Life Insurance Protection Utilizing Gifts and Intra Family Loans

Trackback URL for "Funding Permanent Life Insurance Protection Utilizing Gifts and Intra Family Loans"

New Success Weekly Video: Provide Your Clients with a 7.2% Guaranteed Rate

Trackback URL for "New Success Weekly Video: Provide Your Clients with a 7.2% Guaranteed Rate"

Explore Sales Opportunities in the Business Owners Market with TransTerm

Trackback URL for "Explore Sales Opportunities in the Business Owners Market with TransTerm "

Guaranteed Alternative to a 4% Withdrawal Strategy

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CD vs. Life Insurance

Trackback URL for "CD vs. Life Insurance"

45% of baby boomers are at risk of running short of funds during retirement... Here is how you can help!

Trackback URL for "45% of baby boomers are at risk of running short of funds during retirement... Here is how you can help!"

Prudential's UL Protector Approved In California

Trackback URL for "Prudential's UL Protector Approved In California"

Provada Launches Endless Summer Rewards

Trackback URL for "Provada Launches Endless Summer Rewards"