050323 If You Have Co-Signed Loans You Need Life Insurance!

Friend…

If You Have Co-Signed Loans You Need Life Insurance!

Mary and Steve have a 24-year-old daughter named Amy who took

Out $150,000 in private student loans to fund her law school degree.

Her parents co-signed the loans, wanting to give Amy a shot at her

Dream career.

Amy graduated from law school, joined a great law firm,

Had a baby and started paying off her student loans.

When she died at the age of 34 from breast cancer her parents

Suddenly became responsible for about $120,000

(The balance on her loans) and their 2-year-old granddaughter.

Because they co-signed the loans, Mary and Steve were responsible

For repaying the loan balance.

In some cases, the loan documents may include an acceleration

clause that will bring the entire balance due at death.

Mary and Steve could not afford to pay off the loan and had to sell

Their own home to settle their daughter’s debt.

While no parent ever wants to take out a life insurance policy on their

Own child, if you have co-signed their loans, and paying off the balance

Of those loans would be financially devastating; a life insurance policy

Can protect you from financial ruin.

A 30-year term life insurance policy on a 25-year-old woman

(Amy’s age when she graduated from law school) would be very

Affordable and would have saved the day for Mary,

Steve and their granddaughter.

(Excerpted from 6 Stories That Highlight Why Life Insurance Is Important

Jessica Huneck)

Here is what I could do for Amy’s Parents…

Benefit: $150,000

Age: 25 yr. old Female

Term: 30 Years

Rate: Standard Non-Tobacco

Premium: $21.01 per month bank-draft

If I could be a blessing to you

Contact Me Today!

Hayden Childs, Agent

(205) 269-1382

shcmail34@yahoo.com

www.haydenchilds.net

“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...

Hayden at got insurance?

Search This Blog