Using a Guaranteed UL Strategy for Multiple Risks
What if there was a Life Insurance policy that could be designed that, if and when the Insured experiences:
- Death
- Gets sick or injured, requiring extended care.
- Lives a very long life and worries about running out of money.
- Decide that they don’t need the policy anymore and can get 100% of their premiums paid into the policy refunded after 25 years.
There is such a policy… Do you think that some of your clients would be interested? Here are some more details:
- Death Benefit is guaranteed to people aged 100 or longer.
- The Chronic Illness benefit begins at $12,470 per month and moves up each year to the maximum per diem limit set forth by the federal government. Benefits are tax-free and paid in cash following the loss of 2 ADLs or Cognitive Impairment for more than 90 days. Plus, the monthly premium is waived while on benefit!
- Guaranteed Return of Premium, 50% of all premiums paid refundable at 20 years. 100% of all premiums paid at 25 years. (The insured must surrender the policy to get the premium refund.)
- After age 85, the death benefit can be converted into a living benefit, providing 10% of the Face Value paid in cash to the insured for 10 years!
For example, on a 500K face amount…The Insured would receive 50K per year for 10 years, paid in cash… guaranteed!
Pretty awesome, right? Who are the clients that come to mind now? Write them down and give us a call to discuss the case, and we’ll design an illustration to present.
Happy Selling!
Jeff Snowden
720-837-6942
