New Symetra SwiftTerm

Symetra now offers a new way of purchasing Term Life insurance, Symetra SwiftTerm. This new affordable term life insurance is Fast, Easy and all done Online. We’ll first discuss your insurance needs and eligibility to determine if you align as a potential candidate for this program. Our office will make this process quick, easy and convenient to ensure this gets completed in a timely manner. SwiftTerm’s online application offers three different underwriting paths to help ensure you’re getting coverage that fits your exact needs. SwiftTerm offers term coverage of 10, 15, 20 and 30 year durations. Symetra is among the top carriers in the industry for having low premiums. With SwiftTerm, it also allows clients to get coverage in as little as 25 minutes if they qualify!


Main Benefits of Symetra SwiftTerm include:


  • A quick, stress-free online application

  • Affordable and predictable pricing.  Premiums are guaranteed to never increase during their coverage period.

  • Clients will have the option to choose their payment frequency, ability to lower coverage amount and the opportunity to convert their term policy to a permanent policy if their insurance needs change. (Convert to any Symetra permanent product in the first 10 years of the term duration or up to age 70. Whichever comes first.) 

  • SwiftTerm makes these policies transparent with no hidden fees or surprises.

  • Our professional and experienced office staff will communicate with you throughout the entire process.

Looking For Tax Free Income in Retirement?

Are you aware that there are currently very few tax free vehicles offered today? What if we told you there is an additional or alternative way to plan for retirement rather than only investing in a Roth IRA or a Roth 401k? We’d like to share a simple strategy that can benefit your tax free income pre and/or post retirement. It's called a LIRP strategy (Life Insurance Retirement Plan). Unlike IRAs and 401ks, there are no contribution limits and clients are not required to meet certain qualifications as such with Traditional IRAs and Roth IRAs in order to take advantage of the product. All money contributed into a LIRP grows both tax deferred and helps generate a tax free income for investors at any age the client decides to turn on income. Other benefits of Life Insurance Retirement Plans compared to IRAs and 401ks include no specific contribution limits, an initial death benefit, death benefits for loved ones resulting from premature death, and money that can be withdrawn prior to 59.5 years of age with no tax penalty. Life Insurance Retirement Plans are universal insurance plans that are becoming more and more popular today as there becomes a greater emphasis on starting to save for retirement at an early age. Investing in this highly considered insurance plan helps individuals diversify their investment portfolio. It also helps them and their loved ones by providing piece of mind that they will be protected from any unforeseen incidents financially. Below are some outlined examples of using a LIRP strategy. By starting at a younger age, investor’s contribution limits can be a lesser amount with the power of compound interest.

Main Benefits of a LIRP

  • Guaranteed Death Benefits

  • Tax Free Income

  • Tax Deferred Income

  • Premature Death Benefits for Loved Ones

  • No Contribution Limits

Examples of a Life Insurance Retirement Plan

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*These numbers are assuming a 5.84% crediting rate

Life Insurance Retirement Plan

What is a LIRP or Life Insurance Retirement Plan?

A life insurance retirement plan (LIRP) is a permanent life insurance policy that uses the cash value component to help fund retirement. LIRPs have the same tax benefits of a Roth IRA, meaning you do not pay taxes on any withdrawals and cash gains are tax deferred. Indexed Universal Life (IUL) can be a great vehicle to fund this plan. LIRPs can improve your existing retirement savings accounts and protect against a dip in the market. In a down year for the stock market it might be more beneficial to pull from a cash value with a set rate of growth than from a retirement account with a depreciated value.