LIRP/ SLIRP - Life Insurance Retirement Plan
- LIRP
- Life Insurance Retirement Plan
- Life Insurance Retirement Planning
- Life Insurance in Retirement Planning
- 199xs - Metlife - legal case - Nurses
- LC - Walker v Life Insurance Company of the Southwest --- [BonkNote]
- Doug Andrew
- Ed Slott
- David McKnight - The Power of Zero
- 2022 0523 - The Power of Zero - What is an LIRP? - [VIDEO-YouTube]
- 2003 - SOA - Variable Life—Product and Distribution Issues, Society of Actuaries - 28p
- 2016 - Book - Look Before You LIRP: Why All Life Insurance Retirement Plans Are Not Created Equal, and How to Find the Right One for You, by David McKnight
- On the regulatory front, we have 2001 CSO coming into play.
- That will help UL writers and variable life writers.
- It reduces the cost of reserves when we provide guarantees to clients.
- However, the impact on term and UL is probably moderate, probably low.
- On the variable life side, a number of variable life products out there today do have no-lapse guarantees.
- The 2001 table will help that.
- The impact of the new mortality table on life-insurance-retirement-planning (LIRP) sales, cash accumulation sales, is that it will lower the amount of money that you can get into contracts, but I think that still makes it a relatively attractive sale long-term.
-- Thomas P. Kalmbach, assistant vice president of individual life product financial analysis with The Hartford Life Insurance Companies.
⇒ Tom is currently responsible for pricing individual life business, performing experience studies, managing reinsurance relationships and performing miscellaneous financial analysis.
⇒Tom currently serves as the illustration actuary for the individual life line of business for Hartford Life. Tom is an FSA and a member of the American Academy of Actuaries (MAAA).
2003 - SOA - Variable Life—Product and Distribution Issues, Society of Actuaries - 28p
- (p105) - One whole life insurance brochure used by our agents in 1975, entitled the "Four in One Plan", does not mention insurance on either cover. - <WishList>
- The back cover lists it benefits as, "retirement income, immediate estate, emergencies opportunities and self-completing it totally disabled.
- Life insurance is only mentioned two places in the brochure, and odds are, if it could legally have been eliminated from the discussion, it would have been.
- The words "death benefit" appear nowhere.
- Advertising life insurance as a savings plan is nothing new.
-- Gordon G. Oakes, Monarch, Chairman of the Board and President
1988 0325 - GOV (Senate) - Tax Treatment of Single-Premium Life Insurance, (CSPAN) Single Premium Life Insurance, Max Baucus, (D-MT) --- [BonkNote]
- While life insurance is not a retirement strategy, it can help provide the opportunity for supplemental financial support in retirement. (p23-24)
2018 - NAIFA - AdvisorToday - Bridging the Gap: An understanding of the potential uses for permanent life insurance can help clients see it as a tool to help fill gaps in their portfolio, By Jason Wellmann - 53p
- * Paying more than the required minimum premium can help build cash value
2021 - Prudential - Cash Value: Life Insurance in Retirement Planning - 2p