Insurance Basics
This term describes the amount of money paid out to beneficiaries when the insured person passes away.
What is death benefit?
This tax bucket allow you to access money penalty & income tax free.
What is tax advantage?
This vehicle is typically used with educators.
What is a 403b?
Lauren Choi, Bo Park, Mia Bang & Sophia Lee.
Who are the Executive Vice Chairs (EVC's)?
This type of life insurance allows the policyholder to adjust their premiums and death benefits.
What is Universal Life Insurance?
The 3 enemies to accumulating wealth.
What are inflation, taxes & risks?
At what age can you withdraw from most retirement accounts WITHOUT a 10% IRS penalty.
What is 59 1/2?
The city of our original headquarters.
Where is Gardena, CA?
The period during which the insurer can investigate and potentially deny a claim.
What is the contestability period?
This strategy provides market downside protection.
What is Fixed-Index strategy?
This was never designed to be your sole source of income.
What is Social Security?
The year we were founded.
When is 2006?
This rider waives the policyholder's premium payments if they become disabled and can't work.
What is the Waiver of Premium Rider?
The name of our money concepts in totality.
What is UYMM?
A supplemental retirement plan for military personnel.
What is a Thrift Savings Plan (TSP)?
The company name prior to SYNCIS, Inc.
What is Synergy?
Critical, chronic, terminal illness riders.
What are Accelerated Benefit Riders?
This is used to calculate how long it takes your money to double.
What is Rule of 72?
These accounts have contribution and/or income limits.
What are Qualified accounts?
This is what SYNCIS stands for.
What is Synergy Capital Insurance Services?