Efficient Income-Tax feature projects exposures for benefits
BINGHAMTON, N.Y., May 24, 2016 /PRNewswire/ — Security Mutual Life Insurance Company of New York announced the release of an improved version of its Social Security Evaluator software.
The new version of the software incorporates an income tax feature, enabling the client to consider projected income tax exposures regarding his or her social security benefits. This new version requires only a few inputs.
The core software, which was released in February of this year, creates client-specific reports that list and describe various claiming options and that rank the same based on cash flows and present values of those cash flows. The reports include colorful graphs and charts that advisors can use to discuss various options with their clients and contacts.
New, free-of-charge tools
James Kerwin, Security Mutual Life’s Chief Marketing Officer, commented that the Social Security Evaluator software is one of a number of tools that Security Mutual Life offers to insurance advisors to assist them in reaching their target markets. Kerwin added that Security Mutual provides the tools free of charge to eligible agents who market its life insurance and annuity offerings.
George Kozol, J.D., LL.M., a Security Mutual Life marketing executive, observed that in developing the new tax feature, Security Mutual strived for simplicity. He noted that the Evaluator software, including the new income tax feature, can facilitate informed conversations between an insurance advisor and his or her clients about social security and post-retirement income tax issues.
Interested insurance advisors should contact the Marketing Department of Security Mutual Life by email: firstname.lastname@example.org or email@example.com, or by phone: (607) 723-3551, extension 7304 or 7375.
All information provided from the Security Mutual Life Social Security Evaluator is intended to be accurate and timely; however, Security Mutual does not guarantee its accuracy. This publication is intended for general information purposes or to support the promotion or marketing of the Company’s products and does not constitute legal or tax advice. Security Mutual and its agents may not give legal or tax advice. Tax results and the appropriateness of any product or strategy for any specific taxpayer may vary depending on the facts and circumstances. Clients should consult with and rely on their own independent legal and tax advisors regarding their particular facts and circumstances.
About Security Mutual Life Insurance Company of New York: Now more than 128 years old, Security Mutual Life continues to fulfill the mission upon which it was founded in 1886: to provide sound, equitable and competitively priced insurance products to help protect people against the financial hazards resulting from death, disability, or retirement. As a mutual insurer, the company operates for the benefit and protection of its policyholders. The company has more than $2.67 billion in assets and $31 billion of life insurance in force. Security Mutual employs more than 325 employees at its home office in Binghamton, New York, and distributes its products through a network of more than 5,000 independent agents located throughout the United States. Security Mutual is licensed in all 50 states, as well as in the District of Columbia and the U.S. Virgin Islands.