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ING Presents

en327639172003. ING Presents? Using Pension Maximization. This slideshow is designed to familiarize you with the Pension Maximization using Life Insurance concept and demonstrate how to create concept illustrations.Here is an outline of what is included:. Overview of Pension Maximization Using Life Insurance Concept Creating an Illustration Description of Concept Presentation Pages.

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ING Presents

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    1. ING Presents… Pension Maximization Using Life Insurance Concept Detail and Design

    2. en327639172003 ING Presents… Using Pension Maximization This slideshow is designed to familiarize you with the Pension Maximization using Life Insurance concept and demonstrate how to create concept illustrations. Here is an outline of what is included:

    3. en327639172003 ING Presents… Overview of Concept

    4. en327639172003 ING Presents… Overview of Concept

    5. en327639172003 ING Presents… Creating an Illustration The Pension Max concept illustration is built into the Products Module. From the main ING Presents desktop, click Product Illustrations to begin.

    6. en327639172003 ING Presents… Creating an Illustration After you add your client, select Pension Maximization as the Illustration Type on the Policy Info tab.

    7. en327639172003 ING Presents… Creating an illustration

    8. en327639172003 ING Presents… Creating an illustration

    9. en327639172003 ING Presents… Creating an illustration

    10. en327639172003 ING Presents… Creating an illustration

    11. en327639172003 ING Presents… Creating an illustration

    12. en327639172003 ING Presents… Creating an illustration

    13. en327639172003 ING Presents… Creating an Illustration Face Amount Tab:

    14. en327639172003 ING Presents… Creating an Illustration Premiums Tab:

    15. en327639172003 ING Presents… Creating an Illustration Output Tab: Finally, select the pages you wish to include with your Pension Maximization illustration. All of the concept pages will automatically be selected when you choose the Pension Maximization illustration type; however, they can be unchecked if you do not wish to print all pages.

    16. en327639172003 ING Presents… Case Study The latest report from Cliff’s pension plan shows an annual life income for him of $2,800 per month during his life beginning at age 65. If he elects the Joint and Survivor option to ensure an income to Pat, their income will be reduced to $2,100 per month.

    17. en327639172003 ING Presents… Concept Presentation Pages Pension Income Options: This page describes the options available from Cliff’s pension plan and the problem with the typical pension options.

    18. en327639172003 ING Presents… Concept Presentation Pages The Pension Maximization Alternative: This page describes the alternative of taking the Life Income option from the pension plan and purchasing life insurance to provide the survivor income to Cliff’s spouse.

    19. en327639172003 ING Presents… Concept Presentation Pages Advantages of Pension Maximization: This page describes the options available from Cliff’s pension plan and the possible problem with the typical pension options.

    20. en327639172003 ING Presents… Concept Presentation Pages Comparison of Features: This page provides a side-by-side comparison of the Joint and Survivor Option versus the Pension Maximization using life insurance alternative.

    21. en327639172003 ING Presents… Concept Presentation Pages Summary Comparison of Benefits: This page compares the benefits of both options in a variety of situations.

    22. en327639172003 ING Presents… Concept Presentation Pages Summary Comparison of Benefits -- Before Retirement

    23. en327639172003 ING Presents… Concept Presentation Pages

    24. en327639172003 ING Presents… Concept Presentation Pages

    25. en327639172003 ING Presents… Concept Presentation Pages Comparison of Benefits Ledger: This page shows an annual comparison of the benefits provided under the Joint & Survivor Pension Option and the Pension Maximization alternative.

    26. en327639172003 ING Presents… Concept Presentation Pages Comparison of Costs Ledger: This page describes the options available from Cliff’s pension plan and the problem with the typical pension options.

    27. en327639172003 ING Presents… Concept Presentation Pages Summary of Costs: The Summary of Costs appears at the end of the Comparison of Costs Ledger. It shows the net cost of both the Joint & Survivor and Pension Maximization options at the year entered as the assumed year of death for Cliff -- in this case, in 35 years at age 90.

    28. en327639172003

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