VISTA Wealth Management: Time to save money on life insurance

Looking ahead to the end of 2010 and the beginning of 2011, I wanted to make my clients and friends aware of a great money saving opportunity.

A unique situation has quietly developed for saving money for anyone with a life insurance policy initiated prior to January 2009. At that time, Wisconsin Council of Life Insurers adopted 2001 CSO mortality tables.

What This Means: Previous to that time, mortality tables used in pricing life insurance were from 1980. Simply put, mortality rates have improved between 1980 and 2001 and present insurance rates reflect that change. You can get more insurance for less money assuming your health status has not changed.

Reduced Premiums For Individual Policies

* You can potentially pay less for your existing levels of insurance, or…

* You may get more coverage for the same expenditures, and…

* It’s a good time to review your Whole Life Insurance and be sure it’s guaranteed to last your whole life. Dropping interest rates from when that type of policy was initiated may not allow it to stay in force for your entire life. Only a Current In-Force Illustration will tell you how long your policy will last.

Reduced premiums for Company Owned Life Insurance

* New Mortality Tables may allow you to reduce your premiums.

* We can help make sure you are following the new rules so life insurance proceeds come tax-free to the company.

* This could be excellent timing to update your business valuation for buy-sell or key person insurance.

* Is your Whole Life Insurance guaranteed to last your whole life? Only a Current In-Force Illustration will tell you how long your policy will last and if you are getting good value for the premiums you pay.

Can You Save? Call an Insurance Professional

To be sure your life insurance coverage is custom built for your needs and to reduce expenses, call a professional. If you need assistance I recommend a trusted colleague to help you assess your situation

Jason Speich at (608) 255-3333 can provide a free, accurate and independent review of your life insurance plan. If nothing else, you’ll know you have great value and complete coverage.

If you have any questions, please call me at (608) 213-1968. Best wishes for a safe and enjoyable holiday season and a prosperous new year.

Sincerely,

Ed Jaeger

CEO

VISTA Wealth Management