031422 Why Life Insurance?

One of the most important expenditures the average family

Makes in its lifetime is the purchase of life insurance.

What’s Its Purpose?

First, you must understand the purpose of life insurance.

It is to protect against premature death.

Life insurance does not “insure life” so much as it “protects

Your dependents” from the loss of financial support.

What Are You Paying For?

Second, you must understand what you are paying to protect.

Most people earn from $400,000 to $800,000 during their lifetime.

It is the loss of that earning potential that makes life insurance a

Necessity. Life Insurance is a substitute for the cash and other

Wealth that your family would accumulate if the breadwinner

Were living.

What Should You Buy?

Third, you must understand what kind you should buy.

In the early years you need a lot of coverage …

1. Children young.

2. High debt

3. House mortgage.

4. Loss of income would be devastating.

A 20 Year Term Policy on the breadwinner would be sufficient to cover this scenario.

For example: For a family with two children, $100,000 + $50,000 + $50,000 equals $200,000 on the breadwinner for adequate protection for the family. $200,000 of life insurance would give survivors and annual income of $22,300 per year for 20 years (assuming that the insurance proceeds earn 10% with annual compounding interest and that income is payable in monthly installments.)

In the later years you don’t need a lot of coverage …

1. Children grown.

2. Low debts.

3. Mortgage paid.

4. Retirement income needed.

We recommend a Whole Life Policy in this scenario.

For example: $10,000 Natural Death

$10,000 Accidental Death

This would presently cover basic final expenses.

- Art Williams

Edited by Hayden Childs

Alabama Licensed Agent

(205) 269-1382

Shcmail34@yahoo.com

www.haydenchilds.net

Offering …

Whole Life, Term Life, Accidental Death,

Critical Illness (cancer, heart attack, stroke)

Medicare Advantage, Hospital Indemnity,

Health, Dental & Vision Coverage

Renter’s (contents) Insurance.

“The Grief is bad enough,

Don’t Leave the Burden

To Your Family!”

Comments

022823 The 9 Benefits of Whole Life Insurance...

(1) Provide for Loved Ones… It’s the basic need everyone thinks about. You have a young family. You are the major breadwinner. Something happens to you. How is Your family supposed to make ends meet? It’s a form of protection. Peace of mind. (2) Key Man Insurance… You and your partner own a business. It’s grown. Many employees Depend on you. If something happens to your partner, it’s likely their Spouse or family will inherit their share of the business. Cash would Be a lot more useful to them. Life insurance on both partners can Provide the cash to buy out heirs and keep the business intact. (3) Emergency Loans… Hopefully your client lives a long life. The whole life policy accumulates Cash value, eventually growing to the full face value, or beyond. Many Policies allow you to borrow money against the cash value. You would pay interest. (4) Funding Estate Taxes… Your client owns a farm. I...

090921 Those Dying From Covid-19 Are Least Likely to Own Life Insurance...

Many companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. fatalities As the number of U.S. corona virus deaths surpasses 200,000, public-health experts point to a series of missteps and miscalculations in the country's response. Here’s a look back at how the U.S. became the center of the global pandemic. Sept. 28, 2020 5:30 am ET U.S. life insurers are paying out far fewer Covid-19 death claims than initially expected, largely because the virus is disproportionately killing people with little to no insurance. In the past few weeks, many life-insurance companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. Covid-19 fatalities. Estimates have come down by an average of 40% to 50%, according to Credit Suisse stock analyst Andrew Kligerman. Driving the rapid reduction in exposure are two groups… older Americans and minoriti...

080822 Less Common Life Insurance Needs

On top of the most common reasons for buying life insurance, It can help cover some less common needs. These could include… *Insuring Children Buying a policy on a child can ensure that the family will financially Survive the loss of the child, but keep in mind that such a loss is Fairly unlikely. It can also ensure the child’s ability to qualify for life Insurance in the future. That could be helpful in the case of a health Diagnosis that might make it harder to pass the underwriting process. *Replacing Retirement Benefits Life insurance is often marketed as income replacement for an Insured person during their working years, but some retirees may Choose to keep theirs after leaving work. It can be used to replace The loss of any retirement income for their spouse or any dependents. *Investment Permanent life insurance can provide you with a potential income Source. You can access your cash value once it has buil...

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