Mortgage Protection Americo


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  • Benefits do not have to be used to pay toward the mortgage. In the event that you should die, become disabled, suffer from a critical illness, or lose your job, mortgage life insurance is designed to help maintain your credit during these difficult times.
  • 70,100,000 people currently have some form of cardiovascular disease. Cardiovascular disease claimed 927,448 lives in 2002. Over 150,000 were under the age of 65. *American Heart Association, Heart Disease and Stroke Statistics, 2005.
  • What would you do if you lost your job in unforeseen circumstances such as: Corporate Mergers, Acquisitions, Restructuring or Layoff.
  • Mortgage Protection Americo

    1. 1. Home Mortgage Series & LifeTerm Series Presented By Robert Peiffer 717-379-8764 Your home may be your most valuable asset. Policy Series 174/234/262/263/278/279
    2. 2. Home Mortgage Series & LifeTerm Series are… <ul><li>Mortgage life insurance products that work to protect your family, home, and assets from the financial fears you may face: </li></ul><ul><ul><li>Death </li></ul></ul><ul><ul><li>Disability* </li></ul></ul><ul><ul><li>Critical Illness* </li></ul></ul><ul><ul><li>Involuntary Unemployment* </li></ul></ul>*Optional benefit riders available at an additional cost.
    3. 3. <ul><li>Coverage is available for your spouse in an amount equal to or less than the base face amount with Home Mortgage Series (HMS) </li></ul><ul><li>Coverage is available for your children up to $15,000 per child with HMS and up to $10,000 with LifeTerm Series </li></ul>Can I get coverage for my spouse or children?
    4. 4. What would happen if I were to die? <ul><li>Would my family be able to pay off the mortgage or make the mortgage payment? </li></ul><ul><li>Would savings and college funds be depleted? </li></ul><ul><li>Would my family be forced to relocate? </li></ul>
    5. 5. <ul><li>The likelihood of you dying before paying off a 30-year mortgage is: </li></ul><ul><li>At age 30 1 out of 10 </li></ul><ul><li>At age 35 1 out of 7 </li></ul><ul><li>At age 40 1 out of 4 </li></ul><ul><li>At age 45 1 out of 3 </li></ul><ul><li>At age 50 1 out of 2 </li></ul>The Statistics Source: 2001 Commissioners Standard Ordinary Table of Mortality (based on male, age last birthday)
    6. 6. <ul><li>Your loved ones can use the benefits of the policy to help pay the mortgage, pay for college, or use it for any other need. </li></ul>Home Mortgage Series & LifeTerm Series
    7. 7. <ul><li>Would there be enough income to make the mortgage payment? </li></ul><ul><li>Would you be forced to dip into your savings? </li></ul>What would happen if my spouse or I became disabled?
    8. 8. Help you make your payments if you or your spouse become disabled. <ul><li>You may receive a monthly income of up to $2,000 </li></ul><ul><li>Benefits may be paid for up to 2 years </li></ul><ul><li>You can also elect to have your policy premiums waived during a disability </li></ul>Home Mortgage Series & LifeTerm Series Riders can… *The Disability Income Rider (Rider Series 2145) and Waiver of Premium for Disability Rider (Rider Series 2100) are optional and available for an additional cost.
    9. 9. <ul><li>A 40-year-old man is 2.7 times more likely to suffer a long-term disability than to die before the age of 65.* </li></ul><ul><li>Tipping points that put homeowners into foreclosure:** </li></ul><ul><ul><li>32% experience a job loss </li></ul></ul><ul><ul><li>25% experience a health crisis </li></ul></ul>The Statistics… *Field Guide 2006; printed in The JHA Disability Fact Book – 2006 Edition ** Homeownership Preservation Foundation - data of 60,000 homeowners, 2008
    10. 10. <ul><li>How would you pay the medical bills and your every day expenses? </li></ul>What would happen if I survive a critical illness?
    11. 11. Provide cash if you should become critically ill* <ul><li>You may receive up to 50% of your policy’s death benefit up to $250,000. </li></ul><ul><li>Qualified critical illnesses include heart attack, stroke, life-threatening cancer, major organ transplant, renal failure, and paralysis </li></ul>Home Mortgage Series Riders can… *The Critical Illness Accelerated Benefit Rider (Rider Series 2139) is optional and available for an additional cost. State variations apply.
    12. 12. What would happen if I unexpectedly lost my job? <ul><li>Would you need to re-evaluate some of your financial obligations? </li></ul><ul><li>Would you have enough money to pay your current life insurance premiums? </li></ul>
    13. 13. Waive your premiums if you become involuntarily unemployed.* <ul><li>Premiums of up to $500 per month are waived while you are involuntarily unemployed for up to six months </li></ul><ul><li>You don’t risk losing your valuable insurance protection while out of work </li></ul>Home Mortgage Series & LifeTerm Series Riders can… *The Involuntary Unemployment Waiver of Premium Rider (Rider Series 2140) is optional and available at no additional cost if the Waiver of Premium for Disability Rider (Rider Series 2100/2130) is purchased.
    14. 14. <ul><ul><li>Unlike homeowners, auto, and health insurance, Home Mortgage Series and LifeTerm Series offer an additional rider that guarantees a return of all of your premiums after the rider premium period if you do not use your coverage. </li></ul></ul>What if I never need to use any of the coverage? Return of Premium Rider (Rider Series 2132), Endowment Rider (Rider Series 2143), and Cash Value Rider (Rider Series 2153) are optional and may be available at an additional cost.
    15. 15. Return 100% of all your premium payments if you never use any of the elected benefits* <ul><li>Complete protection for all those years! </li></ul><ul><li>All of your money back! </li></ul>Home Mortgage Series & LifeTerm Series Riders can… *Any payments made under the Disability Income Rider will reduce the benefit from the Return of Premium Rider (Rider Series 2132), Endowment Rider (Rider Series 2143), and Cash Value Rider (Rider Series 2153).
    16. 16. <ul><ul><li>Often homeowners mistakenly believe that their homeowners insurance affords protection at their death </li></ul></ul>Don’t I already have mortgage insurance? <ul><ul><li>Unfortunately, it is likely that this is NOT the case. </li></ul></ul>
    17. 17. <ul><li>Do I need both? </li></ul><ul><li>It is very important that you maintain both of these types of coverage. </li></ul><ul><ul><li>Homeowners Insurance protects against financial loss due to physical damage (fire, tornado, etc.). </li></ul></ul><ul><ul><li>Mortgage life insurance protects against loss of home due to death. </li></ul></ul>Homeowners vs. Mortgage Life Insurance
    18. 18. Can I afford a Home Mortgage Series policy? <ul><ul><li>A 30-year-old non-smoking male will pay just $28/month. That’s less than a dollar per day for a 20-year $150,000 term life insurance policy. </li></ul></ul>
    19. 19. <ul><li>Various guarantee periods are available </li></ul>Will my premiums go up each year? Home Mortgage Series LifeTerm Series
    20. 20. <ul><ul><li>The application is simple </li></ul></ul><ul><ul><li>There are only a few medical questions </li></ul></ul><ul><ul><li>Generally, with HMS, no medical examinations are required for coverage protecting mortgages of $250,000 and below </li></ul></ul><ul><ul><li>A saliva test is required for ages 18-65 with LifeTerm Series. Depending on coverage amount there may be a medical exam required. </li></ul></ul><ul><ul><li>You have a choice of premium payment methods </li></ul></ul>Ask your Americo representative for a customized quote today! It’s easy to apply
    21. 21. IMPORTANT DISCLOSURES Products and Riders are underwritten by Americo Financial Life and Annuity Insurance Company (Americo), Kansas City, MO, and may vary in accordance with state laws. Some products and benefits may not be available in all states. Certain restrictions apply. Consult contract and riders for all limitations and exclusions. Neither Americo nor any agent representing the company can give legal or tax advice. Please consult a qualified, professional legal or tax advisor regarding the information and concepts contained in this material. Americo is authorized to do business in all states and the District of Columbia except AK, NY, and VT. Policy Series 174/234/262/263/278/279