Final expense

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Final expense

  1. 1. FINALEXPENSEPROTECTION COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION
  2. 2. “It Is The Primary Way ToProtect You And Your FamilyFrom The Immediate Burden Of Funeral Expenses” PURPOSE: Final Expense Life Insurance COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  3. 3. You Might ASK… (1) What are the various expenses I can expect as part of the funeral arrangements? (2) What are the costs involved?COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  4. 4. Funeral Expenses Include:IMMEDIATE EXPENSES ADDITIONAL EXPENSES • Funeral Services • Legal Fees • Cemetery Plot • Pay off Debts • Casket • Medical Bills • Headstone • Pay off Mortgage • Visitation / Viewing • Pay off Credit Cards • Transportation • Pay off Car • Flowers • Legal Costs of Death (Probate, Taxes etc.) • Embalming COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  5. 5. How Much WillThese Items Cost Me And My Family? COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  6. 6. Average Cost of a Funeral in 2008 Was $10,800 Breakdown of Expenses: Funeral Director Services $ 1450 Cemetery Plot $ 1200 Casket $ 2300 Headstone $ 1500 Visitation / Viewing $ 400 Transportation $ 625 Flowers $ 400 Embalming $ 600 Misc $ 2400 Grand Total of $ 10,875 COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY •• NOT FOR CONSUMER DISTRIBUTION COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only NOT FOR CONSUMER DISTRIBUTION
  7. 7. Three Important Topics to Consider1. Who is responsible topay for these expenses? 2. What happens to the spouse that is left behind? 3. What are the 3 ways to pay for these funeral costs? COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  8. 8. Who’s Responsible To Pay? Remember!! • Expenses must be paid before the funeral will be allowed to take place.Your Spouse? • Funds must be liquid.Your Children? • Traditional life insurance policies (term, UL, large whole life plans, employer plans) will take a minimum of: 30 DAYS TO PAY OUT!!Other FamilyLeft Behind? COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  9. 9. What Happens ToThe Spouse That Is Left Behind? COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  10. 10. Spouse Left Behind…Loss of Income…Social Security Payment Changes - When one spouse dies, the otherautomatically receives the higher of the two social security payments, and thelower of the two drops off.  This is a hardship for the EXAMPLE: widow left behind, because allA husband is receiving a$1,200a of her expenses will stay the same, or in some instancesmonth payment from Social Security increase, yet she will be livingand his wife is receiving $1,000. If he on roughly half of the money.were too pass away first, the wife willbegin to receive his Social SecurityBenefit BUT WILL LOSE of $1,200, HERS…HUSBAND$1,200+ WIFE $1,000=$2,200 $1,200 COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  11. 11. Spouse Left Behind… MEDICAL BILLS– In addition to the loss of income and The cost of the funeral itself, there are usually END-OF- LIFE Medical bills that are not covered by Medicare or Medicare Supplements. ADDITIONAL EXPENSES• Pay Off Debts – Mortgage, Car, • Medical Bills – Co Pays Deductibles Credit Cards etc• Any Expenses Not Covered By Medicare• Legal Fees• Other legal costs of death - Probate, Taxes etc COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  12. 12. 3 Ways to Pay…2. Leave the Burden to Your Spouse/Children•Most-Undesirable• No one wants to leave behind a legacy of debt• Creates a financial strain on the remaining family members to come up with immediate cash. 1. YOU PAY • Checking Accounts • Credit Cards • Savings Account • Pre-Paid Funeral Expenses 3. Final Expense Protection Plan •Provides a low cost way to prepare for ALL of the expenses associated with the END-OF-LIFE. COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  13. 13. Key Benefits To A Final Expense Protection Plan• Easy to apply for• No medical exam required• You can never be canceled• Plans build cash value• Funds are set up immediately in a person’s name - NO WAITING PERIOD! -Benefits Your Family• Gives yourself and your family peace of mind• Relieves them of this financial burden• Helps cover these immediate costs• Reduces the emotional toll on your spouse and the rest of the family. COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  14. 14. Final ExpenseProtection Plan Options Benefit to EXAMPLE: Monthly Cost ChildrenReplacement ofIncome +ExpensesComprehensiveCost - SharingCOPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  15. 15. Additional Plan Benefits Guaranteed never to increase in price. The benefit paid to you and to your family can never be lowered. Money is protected from Income Tax. Funds are made available to your family almost IMMEDIATELY. COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  16. 16. Who Sets Up This Cash Account For You? COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  17. 17. Company Benefits • Many Companies – Foresters, a company • Dedicated to great customer service • Over 100 years old, very reputable in the • Allows individuals and families to take insurance world. the money out early in the event that the insured the becomes terminal, ill. • Know for paying their claims very quickly (with in 7 days)Additional Member Benefits: Available to all Members- At No Cost! • Community Outreach Programs • Children grand children Scholarships - $350 a year. • Building playgrounds for communities – August in Detroit • Orphan for immediate family members. Benefits – Scholarships • Supporting local Children’s Miracle Network Hospital – 17 Million children • Critical illness benefit helped each year. • Organizing family events in the area. • Financial Counseling and free legal services. COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  18. 18. AS YOU CAN SEE,These Plans Not Only BenefitYou, But They Take Care OfYour Loved Ones Around YouAs Well!! COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION
  19. 19. QA CALL US AT: (800) 381.0977COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION

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