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Life insurance for LIFE


Learn about how an affordable life insurance policy can help replace income lost and pay any medical out of pocket expense that may arise due to a catastrophic or critical illness, because a cancer …

Learn about how an affordable life insurance policy can help replace income lost and pay any medical out of pocket expense that may arise due to a catastrophic or critical illness, because a cancer diagnosis or heart attack are never planned. Protect your income and assets, protect your loved ones with Living Benefits. Ask me for a personalized quote today

Published in Economy & Finance
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  • 1. Fidelity Insurance PresentsRequest your personalized quote today…call 866-665-2004 to speak with me directly.
  • 2. Life Insurance for Life Because… Life Happens
  • 3. Death Insurance or Life Insurance for Life? be called “death” insurance. Most life policies should With the policies we offer clients through WRL, we can help protect families through life’s unpredictable changes – we call it Life Insurance for Life! TERMINAL Living + = One ILLNESS DEATH Benefit BENEFIT Solution CRITICAL CHRONIC s ILLNESS ILLNESS
  • 4. Alliance Solutions Universal Life And Advantage TermRiders Included in the Policy (where approved)  Terminal Illness Accelerated Death Benefit  Chronic Illness Accelerated Death Benefit  Critical Illness Accelerated Death Benefit
  • 5. What Can Happen to Us? We may become Terminally or Critically Ill • Stroke  Every 40 seconds someone suffers a stroke.1TERMINAL ILLNESS • Heart Attack  Every 26 seconds someone suffers a heart attack.2  45% of heart attack victims are under age 45.3CRITICAL  Did You Know ILLNESS 1. 3 out 4 people (75%) over the age of 40 will experience a American Heart Association “Heart Disease and Stroke Statistics. ”, 2010. critical illness at some point in their future. 4 2. American Heart Association. “Heart Disease and Stroke Statistics,” LIRMA, 2007. 3. American Heart Association. “Heart Disease and Stoke Statistics.” 2007. 4. Center for Disease Control, 2009.
  • 6. Continued…• Cancer  Every 30 seconds a new cancer is diagnosed in the U.S.1  1 in 2 men and 1 in 3 women will be diagnosed with cancer in their lifetime. 1 Did You Know…  1990 to 2008, spending on cancer care soared  to more than $90 Billion from $27 Billion.2  One in four cancer patients or their  families said they used up all or most of  their savings to pay for treatment. 2  One in eight people with advanced cancer  turned down recommended care because  of cost. 2  1. “Cancer Facts & The War on Cancer.” LIMRA, 2007. 2. USA Today, 3/18/2010 and 10/31/2008
  • 7. What Can Happen to Us? We may become Chronically Ill Chronic Illness affects many people and can create additional expenses for a family. Some of these expenses may include: • Nursing Home Cost for a Private RoomCHRONIC  For nursing home care, the national monthly average is now $6,266, which translates into $75,190 annually. 1ILLNESS • Assisted Living Facility  For assisted living facilities the national monthly average is now $3,185, which translates into $38,220 annually. 1 • Home Health Aide (Certified)  For Home Heath Aide, the national monthly average is now $3,623, which translates into $43,472 annually. 1 1. Cost of Care Maps Genworth 2010 Cost of Care Survey- 2010
  • 8. The worst can happen. We may die too soon  Almost 75% of Americans agree that life insurance is the best way to protect survivors against the financial implications of the premature death of a primary wage earner.DEATH  68 million (32%) of American adults are uninsured. Recommended from the government, not the insurance companies. After September 11, 2001, the U.S. Justice Department calculated compensation to meet the needs of families of victims from the terrorist attacks. The government recommended approximate payments of:  12 times income for couples with no children  20 times income for households with children 1. “America’s ‘Love-Hate’ Relationship with Life Insurance” LIMRA International. 2006. 2. LIMRA – Trends in Life Insurance Ownership, 2005 3. Explanation of the Process for Computing Economic Loss (Revised 2, 2002). Department of Justice, September 11th Victim Compensation Fund of 2001,
  • 9. Terminal IllnessAccelerated Death Benefit Rider Terminal illness is determined by a condition resulting from injury or illness which, as determined by a physician, has reduced life expectancy to not more than 12 months (no more than 24 months in TX, GA, IL, MA, and WA). This allows the insured to access up to 100% (max of $500,000) of the policy’s death benefit in the event of a terminal illness
  • 10. Chronic Illness Accelerated Death Benefit Rider Chronically ill is being unable to perform 2 of 6 activities of daily living (bathing, continence, dressing, toileting, eating, and transferring) without assistance from another person or being cognitively impaired. 90 day waiting period Up to 2% of death benefit accessible per month Activities of Max lifetime benefit is 90% or $500,000 Daily Living: Bathing whichever is less Dressing The policy must be in force for 2 years before Toileting benefits are available Eating Continence Transferring
  • 11. Critical Illness AcceleratedDeath Benefit Rider Allows the insured to access his/her death benefit if they are critically ill Critical Illness includes diagnosis of cancer, heart attack, stroke, ALS, kidney failure, and major organ transplant Max lifetime benefit is 90% or $500,000 whichever is less
  • 12. What happens normally when someone suffers a Critical or Chronic Illness? 1. Income goes down 2. Expenses go up
  • 13. Income Vs Expenses Additional Income From Living Benefits!!! Your Family’s Income Time off Work Recovery Time Your Family’s Expenses Co-Pays Deductibles Mortgage, Utilities, Food, Children…
  • 14. 48 - 48 - 62What do these numbers mean? 48% of mortgage foreclosures are the result of financial hardship due to critical Illness (only 3% due to death).1 48% of businesses that fail, fail because of a critical illness.2 62% of bankruptcies are due to a critical illness. Of those bankruptcies, 75% of them had health insurance.3 Get Sick, Get Out: The Medical Causes of Home Foreclosures" HEALTH MATRIX, 2009. 2. Critiical Illness Insurance 101 by mark Goldstein, 3 The American Journal of Medicine, 2009.
  • 16. Alliance Solutions Advantage Term (Policy Form # ICC09 TL12 0709,TL12 0709) is a level term life insurance policy, and Alliance SolutionsUL (Policy Form #UL01 1005) is a universal life insurance policy, andFreedom Global IULSM (Policy Form #IUL03 1208) is an indexuniversal life insurance policy. All policies are issued by WesternReserve Life Assurance Co. of Ohio, Columbus, OH. Rider formnumbers TI01 0305, CRN01 1005, CRT01 1005 & UBR01 1005.Policy and rider form numbers may vary, and these products may notbe available in all jurisdictions. Insurance eligibility and premiums aresubject to underwriting.