INTRODUCING THE
Insured Retirement Advantage®
FUNDING A TAX -FREE RETIREMENT
WHAT ARE THE DETAILS
Minimum face amount of $1,000,000 and maximum face amount of $4,000,000 death benefit
Minimum annual funded premium of $50,000 – based on a ten pay, Non-MEC premium solve
Maximum issue age of 60
Minimum Insured income requirement of $100,000 supported by the last two years of tax returns
Loans can be made to Corporations, Trusts and other Entities
Minimum Business Revenue Required of $750,000 for two consecutive years (some carrier exceptions may apply)
Business contributions & participation are required in the form of interest payments beginning immediately
Insured’s financial positionmust indicate a liquidity requirement of 125% of the cumulative premium payments in the first 5 years minus the contribution made by the borrower/guarantor in the first 5 years
Interest rate spread of 1.85% over One Year LIBOR –for a ten year term
No Arrangement /Origination Fee
One Time Financial Underwriting
No Annual Loan Re-qualification
Full Recourse Loan
*The Insured Retirement Advantage® involves life insurance to accumulate potential cash value, retirement income and death benefit.
PARTICIPANTS CAN USE THIS FOR
Estate Planning
Key Person Policy Funding
Buy/Sell Agreement Funding
Executive Bonus arrangements and other life insurance based solutions
Cash flow diversification
FREQUENTLY ASKED QUESTIONS
DO I NEED TO APPLY FOR A LOAN
There is a simplified underwriting process and easy to complete loan application andother requirements.
HOW IS THE LOAN PAID BACK
The loan can be repaid through a combination of methods including a loan from thelife insurance policy – which is secured by the policy’s accumulated value. Otheroptions include direct out of pocket repayment via outside funds or even a mixture ofa policy loan or cash value withdrawal.
WHAT HAPPENS IF I CAN’T MAKE AN INTEREST PAYMENT
Borrowers have a variety of options available to them after the first year that provideneeded flexibility so one can keep their life insurance in place.
DO I NEED A LIFE INSURANCE EXAM
This strategy involves an Indexed Universal Life Insurance policy (IUL), which requiresan underwriting process and possible exam to qualify.
WILL I EVER NEED TO POST COLLATERAL
The Insured Retirement Advantage® is designed to reduce, and in most cases,eliminate the need for additional collateral. However, just as interest rates and marketperformance are not guaranteed, there is no guarantee collateral will never berequired
WHY WARREN FINANCIAL GROUP
Our approach is based on comprehensive service, a broad range of lending partnersand cutting-edge technology - all engineered to address your financial planningneeds. You can have complete confidence that we have the most competitive andcarefully designed solution available.
ANY POTENTIAL BENEFITS ARE DEPENDENT ON A PARTICIPANT’S PERSONAL CIRCUMSTANCES AND A NUMBER OF OTHER FINANCIAL AND ECONOMIC FACTORS. SOME FEATURES AND BENEFITS ARE NOT AVAILABLE IN CERTAIN STATES. DISCUSSIONS REGARDING TAXATION, CORPORATE ASSET PROTECTION AND OTHER COMPLEX PLANNING ISSUES REQUIRE REVIEW BY APPROPRIATELY LICENSED AND RETAINED LEGAL AND TAX COUNSEL. AT NO TIME DOES ANY SERVICE PROVIDER GUARANTEE A CERTAIN RESULT OR PROVIDE TAX AND LEGAL ADVICE. THE INSURED RETIREMENT ADVANTAGE® (I.R.A.®) TRADEMARK AND PROPERTY RIGHTS ARE OWNED EXCLUSIVELY BY NORTHSTAR BROKERAGE AND NORTHSTAR FUNDING PARTNERS. ALL INFORMATION IS SUBJECT TO CHANGE AT ANY TIME.