Types of Insurance

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Types of Insurance
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Some Unsettling Statistics

• ONLY 61 of Adult Americans today even have life
  insurance protection
• ONLY 41 of Adult Americans have Individual life
  insurance
• Average amount of coverage for in-force policies
  equals to only three times their annual income.
  Planners recommend five years for financial
  recovery
• 45 of widows / 37 of widowers say their spouse
  was inadequately insured. After two years,
  one-half of widows and one-third of widowers are
  just getting by financially
• Two-thirds of middle income consumers have never
  had someone they consider a Personal Life
  Insurance Agent!

Recent findings from LIMRA International
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Types of Insurance
UL
Term
WL
DB
DB
DB
P
P
P
CV
CV
Moderate - Permanent
Cheap Period of Time
Expensive - Permanent
Guaranteed Age 100
Guaranteed Age 100
CV
Guar. 1-4 Current 3-8
ROP
Guar. 1-3 Current 2-4
15-20-30yr Terms

• FLEXIBILITY
• Premium
• DB
• Guar to age ?
• rate options

No Flexibility
FIXED DB Premium might be flex.

• Immediate Needs
• Debt
• College
• Car
• Maintain Standard of Living

CV 0 net loans
CV Loans 2-6
Income Replacement Final Expense Immediate
Debt Retirement Options
Income Replacement Final Expense
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Universal Life v. Equity Index Universal Life
EIUL
UL

• Premiums
• Convertible Bonds
• Investment Grade Bonds
• Cash
• Conservative Investing

DB
DB
P
P
CV
CV
Moderate - Permanent
Moderate - Permanent
Guaranteed Age 100
Guaranteed Age 100
Guar. 1-4 Current 3-8
Guar. 1-2 Current 6-8

• SP 500
• 500 most widely held companies.
• 100 specific industry groups
• Lock in earnings every 12 or 24 months
• point to point design
• Credited Gains not reduced in future market
  downturns
• 5 yr or 6 yr segments
• Flex. to change strategies each year

• FLEXIBILITY
• Premium
• DB
• Guar to age ?
• rate options

• FLEXIBILITY
• Premium Strategies
• Basic Interest
• One year Fixed
• 5 year Fixed
• 5 yr EI
• 6 yr EI

CV 0 net loans
Income Replacement Final Expense Immediate
Debt Retirement Options
Estate Market Business Market Personal Market