A stroke occurs every 40 seconds in the US
#1 Reason households file for personal bankruptcy is due to medical debt
A life insurance policy helps protect your home, family and income in case of premature death or the financial risk of a terminal, chronic, critical illness or critical injury. -National Life Group
Life insurance you Dont have to Die to Use
6 out of 10 people with health insurance used up all or most of their savings for medical bills.
-Americans Challenges with Health Care Costs-3/2017
1 out of 3 adults will have at least 1 chronic illness
1 out of 4 of today's twenty-year-olds can expect to be out of work for at least 1 year because of disability
Types of Insurance
Term
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-Temporary Guaranteed Coverage
-Terms - Specified Years
-Often considered the lowest costing life insurance
-Does Not accumulate cash
-Great for Young Adults and Newlyweds
Best Term Options:
Return of Premium & Mortgage Protection
Accidental Death
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-Approval is guaranteed
-Coverage for spouse and children
-Great for high risk individual
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Best AD Option:
Return of Premium & Death Benefits that Double
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Whole
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-Basic Permanent Coverage
-Fixed Payment for the life of the policy
-Guaranteed Death Benefit
-Cash Value Tax Deferred
-Guaranteed Cash Values once policy matures
-Great for Retirees
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Best Whole Life Options:
Final Expense
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Universal Life
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-Permanent Guaranteed Coverage
-Fixed Payment for the life of the policy
-Guaranteed Death Benefit
-Cash Value Tax Deferred
-Guaranteed Cash Values once policy matures
-A portion of the payment goes into cash value & earns current interest rates
-Accumulates Cash that can be used while alive
Options: Fixed, Indexed, Variable
Great for Juvenile Policies, Young Adults, and Adults Under Age 50
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Best UL Option: Indexed Universal Life
Old Insurance
Insurance that can only be used to cover the policy holder's death benefit.
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New Insurance
Insurance that has built-in benefits that not only can be used to cover the policy holder's death benefit, but also accumulates cash, and provides a assistance to the insured if diagnosed with Chronic, Critical and Terminal Illness.
Life Insurance Options
...and mortgage protection from your bank really doesn't count! When you have Mortgage Protection from your bank, the bank is the beneficiary and you have no control.
Additionally, if your mortgage loan is bought or sold, you will have to re-apply for mortgage protection with the new bank that acquired your mortgage loan.
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Please don't burden yourself with the unnecessary extra.
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With us, you own the certificate, decide who the beneficiaries are and your coverage and payment amount never changes.
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Why do you need protection for Final Expenses?
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Because Social Security only pays $255 as a lump sum death benefit - and only to qualified dependents.
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The Veterans Administration final expense benefit, if you qualify, is only $734.
The medium average cost of a funeral is $24,150. This, of course, doesn't include other debts left unpaid.
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Final Expense life insurance can help protect families
from
unexpected end-of-life cost
for a loved one.
Final Expense
When you purchase a Universal Policy it normally serves as a dual benefit with cash value growth.
When you consider a policy as part of your overall financial strategy you are choosing lifetime coverage.
Cash value growth can potentially serve as an effective long-term tool such as supplementing a family's overall savings strategy.
Ultimately, the death benefit amount provided by life insurance can be an effective "wealth" transfer vehicle.
Generally, tax-free and paid directly to the beneficiary, ask about this program.
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Cash Accumulation
Mortgage Protection