Are You Covered


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Life Insurance Presentation

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Are You Covered

  1. 1. Are You Covered? Better coverage for what’s important to you. Life Insurance Presentation Presenter: Phaedra Saunders EMCC Benefits
  2. 2. What is Life Insurance? <ul><li>Insurance for you and your family’s peace of mind. </li></ul><ul><li>A basis of protection and financial stability after one’s death. </li></ul><ul><li>A form of savings if you purchase a plan which offers the option of contributing regularly. </li></ul>
  3. 3. Why is Life Insurance Important? <ul><li>LIMRA International (Life Insurance and Market Research) reports that as of the end of 2008, 68 million adult Americans do not have life insurance </li></ul><ul><li>Cover financial commitments such as day-to-day living expenses, unsettled medical bills, mortgages, burial costs </li></ul><ul><li>Support family and dependants </li></ul><ul><li>Protect a business </li></ul><ul><li>Serve as a retirement investment </li></ul>
  4. 4. Types of Life Insurance <ul><li>Term Life </li></ul><ul><li>Whole Life </li></ul><ul><li>Universal Life </li></ul><ul><li>Final Expense </li></ul>
  5. 5. Policy Characteristics – Term Life <ul><li>Term Life – Offers temporary protection because it provides coverage for the term of the years specified in the contract. </li></ul><ul><li>Level death benefit, no cash value (living benefit) </li></ul><ul><li>Can purchase a large amount of coverage for a relatively small premium </li></ul><ul><li>Most term policies are renewable and convertible </li></ul>
  6. 6. Policy Characteristics – Whole Life <ul><li>Whole Life – Offers permanent protection as long as the premiums are paid coverage will continue for the life of the insured </li></ul><ul><li>“ Locked” in level premium amount that will not increase over the insured’s lifetime </li></ul><ul><li>Builds cash values (living benefits), which the policyowner can borrow against or is entitled to, in the event the policy is surrendered </li></ul>
  7. 7. Policy Characteristics – Universal Life <ul><li>Universal Life – Death benefit can be increased or decreased depending on the insurance needs of the policyowner </li></ul><ul><li>Insurance component (annual renewable term insurance) </li></ul><ul><li>Cash account which accumulates on a tax deferred basis each year and earns either the guaranteed contract rate or the current rate </li></ul><ul><li>Policyowner has the “flexibility” to increase or decrease the amount of premium going into the policy. </li></ul>
  8. 8. Policy Characteristics – Final Expense <ul><li>Final Expense – Lessens the family’s burden of outstanding debts from final expenses. </li></ul><ul><li>Eligibility age up to 75 years old (85 years old with some carriers). Easy qualification </li></ul><ul><li>Premium guarantee – premiums never increase due to age or health </li></ul><ul><li>Death Benefit guarantee – death benefit never decreases </li></ul>
  9. 9. Policy Characteristics – Final Expense <ul><li>Guaranteed cash values – policy builds cash value that may be borrowed against </li></ul><ul><li>Guaranteed non-cancelable – policy will never be cancelled as long as application questions are answered accurately and premium payments are current </li></ul>
  10. 10. Why Choose EMCC Benefits? <ul><li>Established company with over 30 years experience in the insurance industry </li></ul><ul><li>Knowledgeable and friendly insurance representatives and staff members </li></ul><ul><li>Appointed with carriers who will provide the best rating possible for our clients </li></ul><ul><li>Client value driven by building and maintaining relationships with clients </li></ul>
  11. 11. Contact Information <ul><li>For your insurance needs, questions or to set an appointment, please contact your dedicated EMCC Benefit insurance representative Phaedra Saunders at (678) 923-0882. </li></ul>