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Save Money with Life Insurance
Licensed, NY State Insurance Dept.
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| Saving you more on insurance |
Purchase Life Insurance as part of your wealth-building strategy. Using life insurance with an accelerator results in more money for retirement than IRA or 401K until your mortgage is reduced. Surprised?
Are you planning to “start saving and investing as early as possible” to retire? If so, it's likely you'll end up working forever. As of August 2009, the Employee Benefit Research Institute reported the average retirement savings in the US:
Average retirement savings not enough for retirement
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| For homeowners with a high mortgage balace, accelerator + life insurance beats an IRA: |
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1 Year |
4 Years |
| Mortgage acceleration |
$ 11,950 |
$ 46,800 |
| Morgage payments eliminated (months) |
12 |
48 |
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$ 180 |
$ 1,911 |
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Net worth increase of applying $3,000 annually. Illustration for $300,000 mortgage at 6% vs IRA earning 6%. Funds applied to accelerator are after-tax ($2,400).
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Call for a free consultation with a licensed insurance agent who can help you chart your course to financial security. Call 866-312-3069. |
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Contact: 516-495-7919
