ISM FreedomFlex

IBG/Health Insurance Professionals LLC has secured a contract with ISM Interstate Specialty Marketing Tustin, CA to offer FreedomFlex.

FREEDOMFLEX® is a deposit term life insurance product. In the first year, part of the premium is allocated to a Modified Premium Term to Age 100 Life Insurance Certificate/Policy and optional disability benefit portion of the certificate/policy. The remaining first year additional premium is allocated to the endowment portion of the certificate/policy and matures in 10 years. At the end of 10 years, this additional premium is returned to the insured at about 260% of its original value, provided the plan is not cancelled before the initial 10 years are up.

Starting in year two, part of the payment is still allocated as required premium for the term life insurance and optional disability benefit. The remaining premium now goes to work for the insured in their choice of cash accumulation vehicles. Having a choice gives the insured control over their investment strategies. The automatic cash accumulation vehicle is a no-load, no-surrender charge flexible premium deferred annuity. Optional cash accumulation vehicles can be, for example, a no load mutual fund of the insured’s choice, in which case the selected investment company provides the insured with a prospectus, application, and full information about the chosen fund. Either way, 100% of the insured’s non-life insurance premium dollars goes to work for them. The insured may increase their cash accumulation payments at any time.

At the end of 10 years the insured now has the flexibility to determine what is best for them. They may stop payments entirely or continue them for as long they wish. Depending on the insured’s specific needs, the insurance coverage may be renewed for another 10 years, canceled, or continued as decreasing term insurance until age 100. Payments to the cash accumulation vehicle are also flexible. They may be stopped after 10 years or continue as long as the insured wishes.

FREEDOMFLEX® is often referred to as “FLEX”, because of its unique nature and flexible structure that offers a Benefit Side Component with optional riders and a Growth Side Component.

The solution? FREEDOMFLEX®

For contracting and other information, please contact:

Michael R. Hrad
Principal Managing Partner
Health Insurance Professionals LLC
12474 Brantley Commons Ct Ste #111
Fort Myers, FL 33907
239-699-1543
www.insurancebenefitsgroup.com