Overview

If someone in your life depends on you, life insurance is intended to replace your income or pay for expenses if you were to pass on.

You need life insurance when others are dependent on you, or will be dependent on you in the near future. When you pass away there will be some financial responsibilities and obligations that your monetary resources just are not able to fill. Life insurance will do that for you.

Unlike some other insurance plans, this life insurance coverage is in force 24 hours a day, 365 days a year, and covers you anywhere in the world, providing financial security and peace of mind to you and your loved ones.

Why Life Insurance?

1. Final Expenses:

   the cost of a funeral can be expensive. Life insurance will pay for any such costs without adding any burden on your loved ones.

2. Children Still at Home:

   insurance can cover the cost of child rearing and college education in the event of your early passing. This means your children will be looked after financially after you pass away.

3. Income Replacement:

   a life insurance policy will be able to provide your current income after your death. Similarly, a policy on your spouse will also take care of final expenses and any other financial burdens, such as missed work, income replacement, domestic help, etc.

4. Debts:

   an insurance policy will cover any outstanding debts such as consumer loans, lines of credit, mortgages. This way your loved ones will not be forced to sell the house, farm or business. Paying off debts will afford stability in a volatile period of time.

5. Buy-Sell Agreements:

   insurance can be used to buy out a partner in the event of an untimely death.

6. Estate taxes and probate fees:

   upon death there are costs, fees and taxes that must be paid. Suitable insurance will help protect estate assets and funds that you may have built up to pass on to your heirs.

Overview

Do I need disability insurance? In a word – yes!

Just like life insurance is important, disability insurance protects up to 70% of your income in the event of an injury or poor health and you are unable to work.

Let’s say you were involved in a bad accident, or developed a disabling disease, would you be able to continue to support yourself, or your family? Disability insurance can be actually more important than life insurance.

The bottom line: If you depend on your income to pay the bills, disability insurance is comfort in knowing that even if something happens to you you'll be able to keep up.

For the most part, your ability to earn an income is likely your greatest financial asset. It is worth protecting.

Your earning potential is a far more valuable asset than your automobile or your home. The possibility of losing your primary income due to injury is far greater and more common than one might imagine.

The benefits you receive if you become disabled will be tax-free, as long as you paid the insurance premiums with after-tax money.

Overview

Critical Illness insurance is protection that provides a onetime lump sum benefit (decided upon by you) if the insured is diagnosed with a Critical Illness.

Here are some mind-blowing numbers:

• Chances of your house burning down: 0.08%
• Chances of being involved into an auto accident: 4%
• Chances of developing a critical illness before you are 65: 35%
• Chances of developing a critical illness before you are 81: 65-70%

Features of Critical Illness Coverage

• Return of Premium on Death Benefit
• Early Detection Benefit
• Second Opinion Service (provided by Advance Medical)
• Expert Medical Opinion Services.

The insured’s immediate family can also access the Expert Medical Opinion Services at no additional cost.
*Critical Illness is available for an insured between the ages of 15 days to age 65.

Why Guaranteed Income?

A guaranteed income for life is known as a GMWB product – or a guaranteed minimum withdrawal benefit product.

This product allows those who are approaching retirement, or who are retired, to receive an income for the rest of their life, guaranteed.

This is a great product to ensure stability and longevity for investors. It gives an individual a guaranteed monthly or annual payout for the rest of their life. No more risk. No more worry.

How does it work?

1. A lump sum of money is deposited.
2. An investment fund is chosen.
3. A withdrawal date is chosen
4. The income guarantee comes into effect
5. Payment is guaranteed for life, no matter how long you live or how well your investments perform.
6. At death, your designated beneficiaries receive the market value of your investments.