Control the Legacy: How the Income Provider Option Protects

Life insurance is designed to provide peace of mind — but for some clients, a massive lump sum payout to a beneficiary can feel more like a gamble than a guarantee.

What if the money gets spent too quickly?
What if their children aren’t financially mature?
What if the spouse is overwhelmed in the middle of grief?

That’s where the Income Provider Option comes in.

A Smarter Way to Leave a Legacy

Instead of paying out a full death benefit in one lump sum, some carriers now offer an optional income stream — a structured payout plan that turns a death benefit into an income solution.

Here’s how it works:

✅ Annual or monthly income stream is paid out to the beneficiaries over a set number of years
✅ No additional cost — in fact, premiums are reduced based on the length of the payout period
✅ Built-in control for the policyholder: decide the structure, timing, and even mix in a partial lump sum
✅ Protects beneficiaries from financial mismanagement or emotional overspending

The Partial Lump Sum Option: Best of Both Worlds

Some clients may want their loved ones to have immediate access to funds for final expenses, probate, or debt payoff — without handing over the full death benefit at once.

The Partial Lump Sum approach offers:

• 50% of the death benefit paid immediately

• The remainder distributed as scheduled income over time

• Flexibility to adjust the plan while the policy is still active

Once the insured passes, the payout structure is locked in and the stream begins — just as intended.

Who Should You Be Talking To?

These features are especially powerful when working with:

✅ Parents with young adult children — especially those still learning money management
✅ Blended families or complex beneficiary structures
✅ Widows or widowers who may not have prior financial experience
✅ Clients concerned about legacy misuse, spendthrift issues, or inheritance planning

This option turns a life insurance policy into a personal pension for loved ones — and gives clients confidence their hard-earned legacy will support, not sabotage, their family’s future.

Want a carrier list that offers this benefit or illustrations to show how much premium savings your client might receive? I’ve got you covered — just ask.