Uncertain market conditions make cash-value life insurance a valuable tool in the toolbox of investors and their planners, Jeff Snyder, a loyal NAIFA member since 2012 and Executive Vice President of Business Development and Insurance at Gateway Financial Advisors, writes in InsuranceNewsNet. Life insurance products are often overlooked in investment strategies, even though they offer tax advantages and competitive returns and can provide accelerated benefits for things like critical illnesses, chronic or cognitive illnesses, and terminal illnesses.
“The world and the economy continue to evolve, forcing the financial services and insurance industries to evolve to meet the demands of our new world,” he writes. “Your toolbox must expand to meet your prospects’ and clients’ holistic planning needs while you help them become smarter about how they plan and save and invest their money.”
Snyder is a Past President of NAIFA-North Bay (now NAIFA-Greater Bay Area).