Meet Juan
Age: 33
Household Income: $55,000
Family: Wife and 1-year-old child
Health Status: Average health
Goal: Ensure his family is protected financially if he passes away
His Story:
Juan and his wife have been married for three years. They recently welcomed their son into the world.
To ensure his family is protected, Juan knew he needed to purchase life insurance. Keeping his family in a great home and making sure they could replace his income were his top priorities, but he also wanted to make sure there was a death benefit regardless of when he passed away.
Juan shared his concerns with his representative and they determined he needed a large coverage amount. His representative discussed the benefits of Term Life Insurance for covering large, temporary needs and the importance of Whole Life Insurance for covering permanent needs. His representative mentioned the benefits of combining Value Life Insurance with a Term Rider for additional protection. After Juan reviewed his options, it made perfect sense to apply for the combination Value Life Insurance plan with a Term Rider.
Meet Catherine
Age: 67
Household Income: $60,000
Family: Husband and three children
Health Status: Occasional smoker, average health
Goal: Ensure her family has enough money to cover funeral costs when she passes away
Her Story:
Catherine is a recent retiree. When reviewing her finances and organizing important documents, she grew concerned that her husband and three children would need to pay for her funeral and burial since she didn’t have any life insurance. She only had group coverage through work that expired when she retired. Catherine reached out to a representative and purchased a Value Life Insurance policy. Her coverage will never decrease and her premium will never increase. Catherine is able to enjoy her retirement knowing her family is in a financial postion to cover the costs of her funeral.