Life Insurance

Let's Discuss Life Insurance & The Type of Plans You Qualify For

Life insurance has changed a LOT over the years and new plans are more flexible and customizable than they have ever been.


Life as we know it has also changed, modern medicine means that we are living longer than ever and more than likely will require hospice or in home health care as we get older.

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What Does

Life Insurance Do?

Traditionally the main 3 types of life insurance (old life insurance) were:


  • Term Life Insurance to cover debts (like a mortgage or business) or replace lost income for expenses should we pass prior to retirement. Previously these policies ended at age 65 but many now extend to 75 or 85.

  • Final Expense Insurance to cover funeral and other final expenses so our loved ones don't have to bear this cost when we pass.


  • Whole Life Death Benefit to pass estate funds and replace breadwinner income to our spouse/children without taxes.



Modern Insurance Needs Have Changed & So Has Life Insurance

As we have had improvements in modern medicine over the years people are now living longer and longer, this means that we are outliving both our term life insurance and retirement funds, but instead are in need of nursing and home health care services. 


Take a look at the chart right to see 2020 numbers for the percentage of people now living beyond 100 years of age. In fact the average American couple has a 57% chance of at least 1 spouse living well beyond 95 years of age.


Given that the 4% rule on taking money from retirement fund plans like 401Ks is designed to last people until age 95 at most, this will leave many people without funds for extended retirement living, let alone the increasing need for home or hospice healthcare costs. The data shows that 70% of people living beyond age 65 will need long term care in future.

Your NEW Life Insurance Options

As result, life insurance companies came to the rescue and have built new modern life insurance plans for the living instead - with the following benefits:

  • Living Benefits - which allows you to take your death benefit in advance in the case you are diagnosed with a terminal, critical or chronic illness, are confirmed to a nursing home or suffer a disability.

  • Return of Premium - given the percentage of people now living beyond the term of their old policies and the disincentive for people to gamble with their premiums, many term insurance policies now provide an option to claim back some or all premiums at the end of your term if the policy isn't used.

  • Healthy Living Programs & Discounts - obviously if you stay healthy and active you are less likely to use your policy. Many companies now offer healthy living incentive programs which provide discounts on premiums and cash back in the form of vouchers, coupons and more in return for using their apps to complete healthy activities and education.

  • Trust Funds - Due to their low cost of entry for babies, many families set up life insurance plans for their children to grow money tax free for future loan funds which can be borrowed against for college education, vehicle purchase, weddings, home deposits, business seeding, etc. All tax free. This is the favored tool of the Rockefeller family to grow wealth and continue its tax-free flow and growth through successive generations.
  • Cash Accumulation & Tax Free Income - perhaps the biggest benefit of all is the option to have the insurance carrier invest a portion of your premiums into a cash value account for you which grows tax free and can be used to provide you with tax free income for retirement, for healthcare needs, for vacations, investment opportunities and more. These types of policies also come with flexible premiums and death benefits that can be adjusted up and down as needed. Even better, unlike 401K/Roth plans there is no limit on the amounts which can be invested or timing requirements for withdrawal.

  • Debt Free Life - these policies are designed specifically for use to snowball your debt repayments, including your mortgage enabling you to pay off all your debts, including your mortgage - without paying anything more than you currently are - in 30-50% of the time, saving you 10's to 100's of thousands of dollars in interest while simultaneously generating you tax free income at the same time.

  • College Funding - these policies are better for college funding than 457 plans for a number of reasons, most important being that they are not reported on your FAFSA form.  Your savings grow tax free, can be accessed tax free via tax free policy loans and the money can be used for any purpose.


We Partner with 40+ Top Rated Insurance Carriers Including:

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Meet Your Senior Field Underwriter

Tracey Lipnicki has more than 20 years experience in corporate finance, in wealth and money education, and as an insurance consultant and advisor to business owners, individuals and families.


She is owner of The Lipnicki Agency, a national agency within the Quility & Symmetry Financial Group of companies specializing in solutions for tax free income, building generational wealth, mortgage protection, life insurance, mortgage acceleration, debt reduction, tax minimization, retirement and estate planning.


Tracey's goal is to ensure you always get the best possible plan to suit your needs and your budget.


If you become my client, I will treat you like you are family, and I would do anything for my family.  My goal is to always ensure you are better off financially that before you met me.


Book time to review your needs TODAY.  Your consultation is free of charge.


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