LIFE INSURANCE
Ask yourself, who do I need insurance for? When you look deeper, it's usually not for you..... it's for your dependants, family, final expenses, taxes, and other financial obligations.
Here are a few things to ponder:
What if you had fatal car accident on the way to work, or suffered critical injuries? Would your family be able to survive financially on savings, or on your partner's income alone? Would your medical expenses be covered under a work plan or? What if your spouse needed to care for you on a daily basis, then what? Life Insurance and Critical Illness insurance are there to help.
Many people believe that life insurance is only necessary for older individuals or those with existing health problems. In reality, life insurance is crucial for anyone with dependents or financial obligations, regardless of age or health. This includes your children, cars, homes, etc.
Some individuals think life insurance is unnecessary if they’re single or have no dependents. However, life insurance can still be valuable for covering personal debts, final expenses, or leaving a financial legacy. Are you a dog owner, perhaps a plan to care for your pet would ease your mind. You may also want to consider Critical Illness and Disability Plans as well.
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Term Life
Critical Illness
Whole Life
- Pays a death benefit if you pass away within a specific period
- Various fixed terms available
- When the term ends, the policy and coverage ends
- Term Life Policies do not have a cash value
Whole Life
Critical Illness
Whole Life
- Provides you coverage for your entire life
- Premiums won't change as you get older
- Your policy will often have a guaranteed minimum cash value
- Allows you to access additional funds during your lifetime
Critical Illness
Critical Illness
Critical Illness
- Provides a tax free lump sum payment to policy holders diagnosed with a covered, serious illness
- Helps you cover your financial obligations and monthly bills
- You can use the money without having to justify the spending at all, no restrictions.
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How CAN you prepare?
Evaluate Coverage Goals
Evaluate Coverage Goals
Evaluate Coverage Goals
Consider what you need the insurance for, such as income replacement, debt coverage, or providing for loved ones.
Asses Your Budget
Evaluate Coverage Goals
Evaluate Coverage Goals
Determine your budget. Know how much you can afford monthly for premiums to avoid overcommitting financially.
Gather Personal Info
Evaluate Coverage Goals
Gather Personal Info
Be ready to discuss your medical history, lifestyle habits (e.g., smoking, alcohol use), and any pre-existing conditions and other personal details.
Financial Overview
Understand key terms
Gather Personal Info
Have a clear picture of your income, debts, and dependents to help the salesperson recommend appropriate coverage.
Understand key terms
Understand key terms
Understand key terms
Understand the difference between term life insurance and whole life insurance so you can follow the conversation easily and ask informed questions.
Prepare Questions
Understand key terms
Understand key terms
What types of policies do you recommend for someone with my needs?Are there any exclusions or limitations I should know about?
What is the claims process like for beneficiaries?
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Let's connect and find options that suit YOUR goals
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