Meet Rachel
Age: 45
Income: $75,000
Family: One child
Health Status: Good health
Goals: Ensure her son is taken care of if she passed away
Her Story:
Rachel just turned 46. She enjoys balancing her teaching career with parenting her 8-year-old son. Rachel has been thinking about purchasing life insurance for a while now. She wants coverage in place to cover her funeral and end-of-life expenses. She also needs to replace her income so her son will be taken care of should something happen to her.
Rachel’s parents recently retired, and she’s heard them talk about having to live on a “fixed income” and cut their expenses. Her representative suggested a 20-Pay Whole Life Insurance policy with a 20-Year Term Rider. The 20-Pay Whole Life Insurance would be her “forever” protection, while the Term Rider would replace her income if she passes away before retirement. Her favorite part is that in 20 years when she retires, she will no longer pay premiums on either policy.
Meet Brian and Christina
Age: 37 and 35
Household Income: $70,000
Family: One child
Health Status: Average health
Goal: Provide protection for their child without a lifetime of premiums
Their Story:
Brian and Christina recently got married. A few years later, they welcomed Emma, a precious baby girl into the world. They wanted to ensure Emma was protected but were concerned about paying premiums for their lifetime.
Wanting to ensure Emma’s financial future, they called their representative. He provided various solutions, but the 20-Pay Whole Life Insurance policy for each of them stood out the most. They loved the idea of a lifetime of coverage without a lifetime of premiums.