Life Insurance You Don’t Have Die To Receive

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Information about Life Insurance You Don’t Have Die To Receive
Product-Training-Manuals

Published on December 18, 2011

Author: mikepfaonline.net

Source: authorstream.com

Life Insurance You Don’t Have to Die to Use : Life Insurance You Don’t Have to Die to Use The Need: The Need PowerPoint Presentation: Disability 45% of 40 year olds will experience a disability during their working years that will last 90 days or more. 80% of today’s 20 year olds will experience a disability that will last 90 days or more before age 65 1 Consumer Financial Concerns Retirement Almost half of Americans have saved less than $50,000 (46%), and 15% say they have saved nothing towards retirement 2 Accelerated Living Benefits Life Insurance At age 65, the odds are nearly 1 in 2 that you will require nursing home services for at least 2.5 years 3 In a recent survey, 45 percent of widows and 37 percent of widowers said their spouse had been inadequately insured 3 1 Social Security Administration; 2 2002 Retirement Confidence Survey – American Savings Education Council; 3 LIMRA International PowerPoint Presentation: The Average Consumer Cannot Afford the Individual Policy Approach Disability Retirement Accelerated Living Benefits Life Insurance $200 $200 $200 $200 = $800 + + + Rejected! PowerPoint Presentation: The Average Consumer Cannot Afford the Individual Policy Approach Disability Retirement Accelerated Living Benefits Life Insurance + + + = Four unrealistic premiums become One affordable solution ONE COMBINED SOLUTION Benefits may not be mutually exclusive. Using one benefit may reduce or eliminate another. The Life Event Story: The Life Event Story "sleep better at night": "sleep better at night" What does Living Benefits mean to you? The Life Event Story: The Life Event Story The Clients A young married couple, both age 35, Verified Standard Non-Tobacco. The couple has a 3-year-old son and can afford to put a combined $300 per month into the policy. The Life Event Story: The Life Event Story Their Needs Financial protection in the event of death, critical, chronic, or terminal illness . With income Replacement for up to 5 years Cash reserves that may be used for emergencies, college expenses or retirement Coverage purchased for $300 per month: Coverage purchased for $300 per month Two SecurePlus Provider Policies $300,000 face amount each Living Benefits Critical, Chronic and Terminal Illness plus Cash Accumulation. Life Event 1: Life Event 1 One year after the policy is issued, the husband suffers a severe heart attack. Accelerate $150,000 of face amount under ABR3 Critical Illness Benefit = $65,000 $15,000 for medical expenses $50,000 to replace lost monthly income while away from work. $4,000 Paid monthly. Life Event 2: Life Event 2 Fifteen years into the policy, their son goes to college. The couple uses the cash value in her policy to help pay for college expenses. $5,000 per year for 4 years = $20,000 Life Event 3: Life Event 3 The couple retires at age 65 with a combined cash value of $225,000. They are able to stop paying premiums* and take $50,000 in cash from husband’s policy for a down payment on a vacation condo. Life Event 4: Life Event 4 At age 79, the wife becomes Chronically Ill and enters a nursing home. They accelerate 1% of her Death Benefit each month. Monthly Benefit is $2,200 per month. Total over 60 months = $132,000 Life Event 5: Life Event 5 Four years later at age 83, the husband is Terminally Ill (two years or less to live) with Congestive Heart Failure. The policy Death Benefit has grown to $650,000. They accelerate $250,000 of Death Benefit and receive $235,000. After medical expenses ($85,000) , they give $150,000 to their child. The Final Life Event: The Final Life Event A year later, they both pass away at 86. The remaining death benefit of $630,000 is earmarked for their grandchildren’s college fund. Benefit Summary: Benefit Summary Husband’s Heart Attack – Critical Illness/ABR3 Medical Expenses $15,000 Home Down Payment $50,000 Son’s College - Policy Cash $20,000 Retirement - Policy Cash Condo Down Payment $50,000 Stop Paying Premiums Wife Enters Nursing Home – Chronic/ABR2 $132,000 Husband’s Heart Failure – Terminal /ABR1 Medical Expenses $85,000 Children’s Homes $150,000 Wife’s Death – Remaining Life Insurance Grandchildren’s College $630,000 Total Benefits $1,132,000 Contact: Mike@pfaonline.net get a free review today and sleep better tommorow : C ontact: Mike@pfaonline.net get a free review today and sleep better tommorow

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