Life Insurance Breakdown

LIFE INSURANCE BREAKDOWN 93% of Americans believe that life insurance is a necessity 3 outof 10 households are uninsured 2/3 That means 35,000,000 families don't have the coverage that they need ..... ..... of Americans believe that having insurance provides peace of mind WHY BUY NOW? Needs change throughout life Smoker rates increase by around 20% or more Rates increase with age, health, and other factors MARRIAGE FAMILY A B NEEDS RATES НОМЕ INHERITANCE S$$$$s$$$$ S$$$$$$$$$s WHAT DO YOU WANT TO COVER? $$$ 1M A FUNERAL COSTS The average funeral can cost $20,000. Plus, will your family be able to cover these expenses? Or will they need help? 7 out of 10 families are dependent on 2 incomes INCOME OF DECEASED 40% say they would have trouble covering immediate day to day expenses following the death of a spouse 40% 10x Recommended coverage is ten times gross income TAKE NEEDS & REASONS FOR WANTING COVERAGE (FUNERAL COSTS/INCOME) TO DETERMINE AMOUNT & TYPE OF POLICY DESIRED A $ $$$ TERM Supplies coverage for a specific amount of time, often 5-30 years LOWER PREMIUM/LARGER FACE VALUE PREMIUMS WON'T CHANGE DURING THE ORIGINAL TERM OF THE POLICY There is no cash value, this is strictly an insurance policy B. 2$ WHOLE LIFE BIGGER PAYMENT/GROWING INVESTMENT Offers coverage for your whole life You can access cash through loans or withdrawals PREMIUMS CAN INCREASE OVER TIME LIFE INSURANCE BREAKDOWN 93% of Americans believe that life insurance is a necessity 3 outof 10 households are uninsured 2/3 That means 35,000,000 families don't have the coverage that they need ..... ..... of Americans believe that having insurance provides peace of mind WHY BUY NOW? Needs change throughout life Smoker rates increase by around 20% or more Rates increase with age, health, and other factors MARRIAGE FAMILY A B NEEDS RATES НОМЕ INHERITANCE S$$$$s$$$$ S$$$$$$$$$s WHAT DO YOU WANT TO COVER? $$$ 1M A FUNERAL COSTS The average funeral can cost $20,000. Plus, will your family be able to cover these expenses? Or will they need help? 7 out of 10 families are dependent on 2 incomes INCOME OF DECEASED 40% say they would have trouble covering immediate day to day expenses following the death of a spouse 40% 10x Recommended coverage is ten times gross income TAKE NEEDS & REASONS FOR WANTING COVERAGE (FUNERAL COSTS/INCOME) TO DETERMINE AMOUNT & TYPE OF POLICY DESIRED A $ $$$ TERM Supplies coverage for a specific amount of time, often 5-30 years LOWER PREMIUM/LARGER FACE VALUE PREMIUMS WON'T CHANGE DURING THE ORIGINAL TERM OF THE POLICY There is no cash value, this is strictly an insurance policy B. 2$ WHOLE LIFE BIGGER PAYMENT/GROWING INVESTMENT Offers coverage for your whole life You can access cash through loans or withdrawals PREMIUMS CAN INCREASE OVER TIME