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Creating Opportunities for Future Generations

Creating Opportunities for Future Generations. How Will Future Generations Be Affected?. How Will Future Generations Be Affected?. Standard of Living: The Next Generation. Don’t Know. Worse. 5%. 50%. 25%. The Same. 20%. Better.

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Creating Opportunities for Future Generations

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  1. Creating Opportunities for Future Generations

  2. How Will Future Generations Be Affected?

  3. How Will Future Generations Be Affected?

  4. Standard of Living: The Next Generation Don’t Know Worse 5% 50% 25% The Same 20% Better Source: Where America Stands, CBS News Poll, May 2010

  5. $21 Trillion $12 Trillion $1.3 Trillion Current Debt 2010 Projected Deficit 2020 Projected Debt Source: The Budget and Economic Outlook: Fiscal Years 2010 to 2020, Congressional Budget Office as of January 2010

  6. The Federal Debt Rate of Spending = $1 per second 12 days to spend $1 Million 32 years to spend $1 Billion 32,000 years to spend $1 Trillion

  7. A Legacy of Government Debt $546,668 $546,668 $546,668 Federal Obligation Per Household Source: “Leap in U.S. debt hits taxpayers with 12% more red ink,” USA Today, May 28, 2009

  8. STATE BUDGET CUTS X X X X X STATE WORKFORCE X X X X X X X X X X X X X ELDERLY/DISABLED X X X X X X HIGHER EDUCATION X X X X X X X X X K-12 EDUCATION X X X X X PUBLIC HEALTH X X X X X At least 39 states have cut programs Source: Center on Budget and Policy Priorities

  9. If my child loses her job, how will my grandchildren be affected? Will my loved ones have access to opportunities for success? How can I help my grandchildren have access to a quality education? If my children or grandchildren have medical issues will they be able to pay for treatment?

  10. Guarantees Control

  11. Building Your Plan What is the Ideal Solution? Offers GUARANTEES

  12. Building Your Plan What is the Ideal Solution? Keeps You IN CONTROL Building Your Plan

  13. Building Your Plan What is the Ideal Solution? INDEPENDENT of external factors Building Your Plan

  14. Building Your Plan INDEPENDENT of external factors • Taxes • Investments • Economic Conditions • Career Choices

  15. Building Your Plan GUARANTEES & CONTROL

  16. GUARANTEES CONTROL A TransACE® life insurance policy with a GUARANTEED death benefit INCOME PROTECTION OPTION • A scheduled monthly check for loved ones, regardless of the economy • Flexibility to make changes and control the distribution of funds • NOT affected by market volatility • Favorable federal tax benefits

  17. GUARANTEED MONTHLY INCOME STREAM OPTIONAL INITIAL PAYMENT OPTIONAL FINAL PAYMENT Income Protection Option Life insurance with a GUARANTEED INCOME STRATEGY

  18. Buffer the impact of anunexpected job loss or medical bills Attend private school or youralma mater Pursue a career in public, religious or social services How a Guaranteed Monthly Income Stream Can Help Provide an extra $500, $1,000 or more each month for loved ones to:

  19. Meet Eric • Eric, age 55, married to Melissa • Two adult children, one grandchild • Concerned with the future needs of his family • Interested in maintaining control and flexibility over his legacy

  20. Meet Eric’s Family Son: Richard, age 34, married with one child Wife: Melissa,age 53 Daughter: Jenny,age 27, single,successfulentrepreneur Granddaughter:Cindy, age 10

  21. Optional First Payment 10-Yr Guaranteed Monthly Income Stream Optional Final Payment INCOME PROTECTION OPTION Pay off mortgage Cash for living expenses Wife Please note: While Eric hopes that his beneficiaries use the death benefits for the purposes he has designated, the funds distributed to them may or may not be used to accomplish his specific objectives. Once distributed, the beneficiaries may use the funds whichever way they see fit.

  22. Optional First Payment Optional First Payment Optional First Payment Optional First Payment 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream Optional Final Payment Optional Final Payment Optional Final Payment Optional Final Payment Pay off mortgage Cash for living expenses Wife Private school tuition for child Pay off loans Son Cash for physical therapy bills Dream wedding Daughter Art/Music classes College fund Granddaughter

  23. Optional First Payment Optional First Payment Optional First Payment Optional First Payment 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream Optional Final Payment Optional Final Payment Optional Final Payment Optional Final Payment Pay off mortgage Cash for living expenses Family reunion Family reunion Wife Private school tuition for child Down paymenton home Pay off loans Son Cash for physical therapy bills Expand her business Dream wedding Daughter Art/Music classes College fund Granddaughter

  24. Optional First Payment Optional First Payment Optional First Payment Optional First Payment 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream 10-Yr Guaranteed Monthly Income Stream Optional Final Payment Optional Final Payment Optional Final Payment Optional Final Payment Pay off mortgage Cash for living expenses Family reunion Wife Private school tuition for child Down paymenton home Son FLEXIBLE Cash for physical therapy bills Expand her business Daughter Can be changed at any point Art/Music classes College fund Granddaughter

  25. Provide loved ones with guaranteed monthly income

  26. Open opportunities for the future, regardless of fluctuating economic conditions 26

  27. Provide a financial cushion for loved ones during tough times

  28. Building Your Own TransSecurity Solution: Next Steps Meet with us to prepare for the future: • Design a custom plan for yourneeds and budget • Fill out an easy-to-use Worksheet to determine how much supplementary monthly income your loved ones may need

  29. This material was not intended or written to be used, and cannot be used, to avoid penalties imposed under the Internal Revenue Code. This material was written to support the promotion or marketing of the products, services, and/or concepts addressed in this material. Anyone to whom this material is promoted, marketed, or recommended should consult with and rely solely on their own independent advisors regarding their particular situation and the concepts presented here. TransACE® is a nonparticipating, flexible-premium universal life insurance policy issued by Transamerica Life Insurance Company, Cedar Rapids, IA 52499. Policy Form #1-12611107 (CVAT), Group Certificate #2-72336107 (CVAT) for certificates issued under a group policy issued to the Rhode Island National Consumer Protection Trust. Policy form and number may vary, and this policy may not be available in all jurisdictions. Transamerica Life Insurance Company (“Transamerica”) and its representatives do not give tax or legal advice. This material is provided for informational purposes only and should not be construed as tax or legal advice. Clients and other interested parties must be urged to consult with and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here. Discussions of the various planning strategies and issues are based on our understanding of the applicable federal tax laws in effect at the time of presentation. However, tax laws are subject to interpretation and change, and there is no guarantee that the relevant tax authorities will accept Transamerica’s interpretations. Additionally, this material does not consider the impact of applicable state laws upon clients and prospects. Although care is taken in preparing this material and presenting it accurately, Transamerica disclaims any express or implied warranty as to the accuracy of any material contained herein and any liability with respect to it. This information is current as of June 2010. OLA 2066 0610

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