Docstoc

Benefit Selling Life Insurance

Document Sample
Benefit Selling Life Insurance Powered By Docstoc
					                        Benefit Selling Life Insurance Scripts

YourLife 10-year Term
Nationwide YourLife 10-year Term offers temporary protection with level premium for
10 years and numerous customizable features.

“One of the best benefits of 10-year term life insurance is that it usually doesn’t take
a lot of money to get it started, making it an affordable way to address all of your
needs – mortgage payoff, income replacement, cost of education, and final
expenses.”

Guaranteed Contract Premium

YourLife 10-year Term insurance has an annual guaranteed contract premium up to age
95.

 “The benefit of the guaranteed contract premium gives you a guaranteed annual
premium up to age 95. The premium for the first 10 years is a guaranteed level
premium, which means that your premium won’t go up every year, so you will know
exactly what you pay one year after the next, making it easy to work into your
family’s budget. You will pay the same in year 10 of a 10-year term that you pay in
year one. In addition, after the 10-year term is over, you have a guaranteed
contract premium up to age 95 which acts as a safety net if for some reason you are
not able to purchase a new policy because of medical or other reasons.”

Guaranteed Death Benefit

YourLife 10-year Term provides a guaranteed death benefit to age 95.

“One of the great benefits of this policy is that as long as you renew your policy each
year, your death benefit is guaranteed. Once the policy is issued the death benefit
will remain guaranteed up to the age of 95 provided the premium is paid.”

Conversion Privilege

YourLife 10-year term policy can be converted during the first 8 years to a permanent
type of life insurance.

“This is a great benefit, what it means to you is that you can convert your term
policy to a permanent policy within the first 8 years without having to re-qualify
medically. Which means that you can get the same rating you have on your term
policy without new medical exams, even if you have any health concerns or diseases
that arise after you your policy is issued. So, let’s say for conversation sake that you
get a non-tobacco preferred rating for the term insurance you are about to
purchase. Then, a few years after the policy is issued you have a massive heart
attack making it virtually impossible to get life insurance after your 10-year term is
up. This benefit will actually allow you to convert your policy to a permanent policy
and get a non-tobacco preferred rating, provided that you do it within the first 8
years.”
Guaranteed Values

Premiums are guaranteed level for the first 10 years and scheduled to increase after the
10th policy year, but will never exceed the guaranteed maximum premiums.

“The benefit of the guaranteed values provision states that the premiums are
guaranteed not to exceed the guaranteed maximum premium after year 10. What
this means to you is that you know what the maximum amount that you will pay for
insurance in any given year is before you purchase the policy, whether it be year 11
or year 37.

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”

Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”


Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider is another great benefit of our YourLife 10-year Term, it allows
you to add a 10 year term policy for your spouse with a death benefit amount up to
the face amount for the primary insured. In addition, this rider also has the full
conversion privilege benefit allowing it to be converted to permanent insurance
within the first 8 years without having to re-qualify medically. Again, as we talked
about earlier, if you purchase the spousal rider with this policy and your
wife/husband has a massive heart attack two years later making it almost impossible
for them to get insurance when the term is up, you have the option to convert the
coverage to a permanent policy, guaranteed.”
YourLife 20-year Term
Nationwide YourLife 20-year Term offers temporary protection with level premium for
20 years and numerous customizable features.

“One of the best benefits of 20-year term life insurance is that it usually doesn’t take
a lot of money to get it started, making it an affordable way to address all of your
needs – mortgage payoff, income replacement, cost of education, and final
expenses.”

Guaranteed Contract Premium

YourLife 20-year Term insurance has an annual guaranteed contract premium up to age
95.

 “The benefit of the guaranteed contract premium gives you a guaranteed annual
premium up to age 95. The premium for the first 20 years is a guaranteed level
premium, which means that your premium won’t go up every year, so you will know
exactly what you pay one year after the next, making it easy to work into your
family’s budget. You will pay the same in year 20 of a 20-year term that you pay in
year one. In addition, after the 20-year term is over, you have a guaranteed
contract premium up to age 95 which acts as a safety net if for some reason you are
not able to purchase a new policy because of medical or other reasons.”

Guaranteed Death Benefit

YourLife 20-year Term provides a guaranteed death benefit to age 95.

“One of the great benefits of this policy is that as long as you renew your policy each
year, your death benefit is guaranteed. Once the policy is issued the death benefit
will remain guaranteed up to the age of 95 provided the premium is paid.”

Conversion Privilege

YourLife 20-year term policy can be converted during the first 15 years to a permanent
type of life insurance.

“This is a great benefit, what it means to you is that you can convert your term
policy to a permanent policy within the first 15 years without having to re-qualify
medically. Which means that you can get the same rating you have on your term
policy without new medical exams, even if you have any health concerns or diseases
that arise after you your policy is issued. So, let’s say for conversation sake that you
get a non-tobacco preferred rating for the term insurance you are about to
purchase. Then, a few years after the policy is issued you have a massive heart
attack making it virtually impossible to get life insurance after your 20-year term is
up. This benefit will actually allow you to convert your policy to a permanent policy
and get a non-tobacco preferred rating, provided that you do it within the first 15
years.”
Guaranteed Values

Premiums are guaranteed level for the first 20 years and scheduled to increase after the
20th policy year, but will never exceed the guaranteed maximum premiums.

“The benefit of the guaranteed values provision states that the premiums are
guaranteed not to exceed the guaranteed maximum premium after year 20. What
this means to you is that you know what the maximum amount that you will pay for
insurance in any given year is before you purchase the policy, whether it be year 21
or year 41.

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”

Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”


Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider is another great benefit of our YourLife 20-year Term, it allows
you to add a 20 year term policy for your spouse with a death benefit amount up to
the face amount for the primary insured. In addition, this rider also has the full
conversion privilege benefit allowing it to be converted to permanent insurance
within the first 15 years without having to re-qualify medically. Again, as we talked
about earlier, if you purchase the spousal rider with this policy and your
wife/husband has a massive heart attack two years later making it almost impossible
for them to get insurance when the term is up, you have the option to convert the
coverage to a permanent policy, guaranteed.”
YourLife 30-year Term
Nationwide YourLife 30-year Term offers temporary protection with level premium for
30 years and numerous customizable features.

“One of the best benefits of 30-year term life insurance is that it usually doesn’t take
a lot of money to get it started, making it an affordable way to address all of your
needs – mortgage payoff, income replacement, cost of education, and final
expenses.”

Guaranteed Contract Premium

YourLife 30-year Term insurance has an annual guaranteed contract premium up to age
95.

 “The benefit of the guaranteed contract premium gives you a guaranteed annual
premium up to age 95. The premium for the first 30 years is a guaranteed level
premium, which means that your premium won’t go up every year, so you will know
exactly what you pay one year after the next, making it easy to work into your
family’s budget. You will pay the same in year 30 of a 30-year term that you pay in
year one. In addition, after the 30-year term is over, you have a guaranteed
contract premium up to age 95 which acts as a safety net if for some reason you are
not able to purchase a new policy because of medical or other reasons.”

Guaranteed Death Benefit

YourLife 30-year Term provides a guaranteed death benefit to age 95.

“One of the great benefits of this policy is that as long as you renew your policy each
year, your death benefit is guaranteed. Once the policy is issued the death benefit
will remain guaranteed up to the age of 95 provided the premium is paid.”

Conversion Privilege

YourLife 30-year term policy can be converted during the first 15 years to a permanent
type of life insurance.

“This is a great benefit, what it means to you is that you can convert your term
policy to a permanent policy within the first 20 years without having to re-qualify
medically. Which means that you can get the same rating you have on your term
policy without new medical exams, even if you have any health concerns or diseases
that arise after you your policy is issued. So, let’s say for conversation sake that you
get a non-tobacco preferred rating for the term insurance you are about to
purchase. Then, a few years after the policy is issued you have a massive heart
attack making it virtually impossible to get life insurance after your 30-year term is
up. This benefit will actually allow you to convert your policy to a permanent policy
and get a non-tobacco preferred rating, provided that you do it within the first 20
years.”
Guaranteed Values

Premiums are guaranteed level for the first 30 years and scheduled to increase after the
30th policy year, but will never exceed the guaranteed maximum premiums.

“The benefit of the guaranteed values provision states that the premiums are
guaranteed not to exceed the guaranteed maximum premium after year 30. What
this means to you is that you know what the maximum amount that you will pay for
insurance in any given year is before you purchase the policy, whether it be year 31
or year 51.

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”

Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”

Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider is another great benefit of our YourLife 30-year Term, it allows
you to add a 30 year term policy for your spouse with a death benefit amount up to
the face amount for the primary insured. In addition, this rider also has the full
conversion privilege benefit allowing it to be converted to permanent insurance
within the first 20 years without having to re-qualify medically. Again, as we talked
about earlier, if you purchase the spousal rider with this policy and your
wife/husband has a massive heart attack two years later making it almost impossible
for them to get insurance when the term is up, you have the option to convert the
coverage to a permanent policy, guaranteed.”
YourLife 20-pay Whole Life
Whole life insurance paid up in 20 years

“What’s great about our 20 Year Pay Whole Life policy is that you pay a
guaranteed level premium for 20 years, you have a guaranteed death benefit and
guaranteed cash values. After 20 years you have a paid up life insurance policy for
the rest of your life. This means you don’t have to worry about paying life
insurance premiums forever like most people do. Whether it’s $100,000, $250,000
or $500,000, you will have a fully paid up policy with a guaranteed death benefit.
All of the guarantees that this policy provides makes it an ideal choice for someone
who does not want to take on any risk or uncertainty.”

Guaranteed Contract Premium

Contract premium is guaranteed for life.

“The benefit of the guaranteed contract premium is that you pay a guaranteed fixed
amount for each of the first 20 years and never a penny more. This means you
know exactly what how much you have to put into the policy in order to have a fully
paid up death benefit for the rest of your life.”

Guaranteed Death Benefit

20 Pay Whole Life has a guaranteed death benefit up to age 120.

“Another added benefit of this policy is the guaranteed death benefit. As long as
you pay the guaranteed contract premium, your death benefit is guaranteed up to
age 120. If you are still living at 120 you will be paid the guaranteed death benefit
minus any outstanding loans that you may have taken. No matter how you slice it,
as long as you pay the guaranteed contract premium at some point you or your
beneficiary will receive the guaranteed death benefit.”

Guaranteed Values

20-pay whole life polices provide guaranteed cash values.

“In addition to that benefit you also have guaranteed cash values. Again, as long as
you pay the guaranteed contract premium you will have guaranteed cash values.
The benefit to you is that you will know exactly what your current and future
accumulated cash value will be; you also have access to your cash value in the form
of income tax-free loans if you need it.”

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”
Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”

Accidental Death benefit Rider

Provides additional death benefit for death by accident.

“The accidental death benefit rider gives your beneficiary an additional death
benefit of up to $200,000 if you die of accidental causes. So, if you were killed in a
car accident your current death benefit of $250,000 would automatically increase to
$450,000.”

Guaranteed Insurability Benefit Rider

Gives the ability to purchase additional amounts of permanent insurance at specified
future dates.

“If you think you may need more permanent insurance in the future, this would be
a great benefit for you. This benefit allows you to purchase up to $50,000 of
additional permanent insurance at a certain set future dates without having to prove
insurability. This is perfect for a younger family who may need more permanent
insurance someday soon and doesn’t want to go through the hassle of more medical
tests.”

Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider allows you to add a 20 year term policy for your spouse with a
death benefit amount up to the face amount for the primary insured. In addition,
this rider also has the full conversion privilege benefit allowing it to be converted to
permanent insurance within the first 15 years without having to re-qualify
medically. Again, as we talked about earlier, if you purchase the spousal rider with
this policy and your wife/husband has a massive heart attack two years later making
it almost impossible for them to get insurance when the term is up, you have the
option to convert the coverage to a permanent policy, guaranteed.”
YourLife Whole Life Pay to 100
Whole life insurance paid up in at age 100.

“What’s great about a traditional whole life policy is that everything is guaranteed,
your premium, your death benefit and your cash values. The premium is spread
out over a longer period of time than the 20 pay whole life, which makes the annual
premium less, however the total cost is more because you are paying it over your
lifetime instead of paying it up in 20 years. This is also a good option for someone
who is risk adverse because of the guarantees and lack of uncertainty.

Guaranteed Contract Premium

Contract premium is guaranteed for life.

“The benefit of the guaranteed contract premium is that you pay a guaranteed fixed
amount each year up to age 100 and never a penny more. You will know exactly
how much your premium will be each and every year without having to worry if it
will ever increase.”

Guaranteed Death Benefit

Whole Life pay to 100 has a guaranteed death benefit up to age 120.

“Another added benefit of this policy is the guaranteed death benefit. As long as
you pay the guaranteed contract premium, your death benefit is guaranteed up to
age 120. If you are still living at 120 you will be paid the guaranteed death benefit
minus any outstanding loans that you may have taken. No matter how you slice it,
as long as you pay the guaranteed contract premium at some point you or your
beneficiary will receive the guaranteed death benefit.”

Guaranteed Values

Whole Life pay to 100 provides guaranteed cash values.

“In addition to that benefit you also have guaranteed cash values. Again, as long as
you pay the guaranteed contract premium you will have guaranteed cash values.
The benefit to you is that you will know exactly what your current and future
accumulated cash value will be; you also have access to your cash value in the form
of income tax-free loans if you need it.”

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”
Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”

Accidental Death Benefit Rider

Provides additional death benefit for death by accident.

“The accidental death benefit rider gives your beneficiary an additional death
benefit of up to $200,000 if you die of accidental causes. So, if you were killed in a
car accident your current death benefit of $250,000 would automatically increase to
$450,000.”

Guaranteed Insurability Benefit Rider

Gives the ability to purchase additional amounts of permanent insurance at specified
future dates.

“If you think you may need more permanent insurance in the future, this would be
a great benefit for you. This benefit allows you to purchase up to $50,000 of
additional permanent insurance at a certain set future dates without having to prove
insurability. This is perfect for a younger family who may need more permanent
insurance someday soon and doesn’t want to go through the hassle of more medical
tests.”

Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider allows you to add a 20 year term policy for your spouse with a
death benefit amount up to the face amount for the primary insured. In addition,
this rider also has the full conversion privilege benefit allowing it to be converted to
permanent insurance within the first 15 years without having to re-qualify
medically. Again, as we talked about earlier, if you purchase the spousal rider with
this policy and your wife/husband has a massive heart attack two years later making
it almost impossible for them to get insurance when the term is up, you have the
option to convert the coverage to a permanent policy, guaranteed.”
YourLife Accumulation UL
Universal life insurance provides permanent life insurance, flexible optiontions and cash
value accumulation.

“In addition to providing lifetime protection the primary objective of or
Accumulation UL is cash value accumulation. What differentiates universal life
insurance from traditional life is its flexibility and the fact that you can tailor it to
meet your needs over time. Both the premium and the death benefit are flexible,
which means that as you age if you want to put more money in to increase the cash
values you can, or if you want to skip a payment or two you have the flexibility to do
that as well. The cash value accumulation is calculated based on a current interest
rate that is not guaranteed and fluctuates over time. Therefore universal life is a bit
more risky that whole life. However, the non guaranteed interest rate has been
historically better than that of our whole life products which results in quicker and
greater accumulated cash values.”

Minimum Monthly Premium Provision

The minimum monthly premium provision ensures that the policy won’t lapse as long as
the minimum premium is paid.

“The minimum monthly premium provision is a benefit which ensures that your
policy will not lapse during the first 5 years as long as the minimum premium
payment is made. ”

Accidental Death Benefit Rider

Provides additional death benefit for death by accident.

“The accidental death benefit rider gives your beneficiary an additional death
benefit of up to $200,000 if you die of accidental causes. So, if you were killed in a
car accident your current death benefit of $250,000 would automatically increase to
$450,000.”

Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”
Accelerated Benefit Rider

The accelerated benefit rider gives access to a portion the death benefit for expenses
caused by a terminal illness.

“The accelerated benefit rider can be invaluable during a time of need. The benefit
will allow you to access a portion of your death benefit if you are terminally ill with
a life expectancy of less than 12 months. This means that you will be able to use a
portion of your death benefit for things that can not wait until you pass.”

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”

Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider allows you to add a term policy for your spouse which may last
until the spouse’s 70th birthday with a death benefit up to the face amount of the
primary insured. In addition, this rider also has the full conversion privilege benefit
allowing it to be converted to permanent insurance within the first 15 years without
having to re-qualify medically. Again, as we talked about earlier, if you purchase
the spousal rider with this policy and your wife/husband has a massive heart attack
two years later making it almost impossible for them to get insurance when the term
is up, you have the option to convert the coverage to a permanent policy,
guaranteed.”

Long Term Care Rider

The long term care rider pays for long-term care expenses.

“One of the most valuable benefits of our UL policy is our Long Term Care Rider
which gives you way to kill two birds with one stone by offering long term care
coverage in addition to life insurance. This gives you coverage for covering the costs
and reducing the burden of potentially devastating long term care expenses in the
form of an accelerated death benefit. With a total benefit amount up to the face
amount of your policy, you can receive tax free monthly payments needed for the
expense of home health care, assisted living, nursing home, or adult day care.”
YourLife Ultimate UL
The Ultimate UL is permanent life insurance with a no lapse provision, which ensures a
lifetime death benefit.

Death Benefit Guarantee Value Provision

“Unlike the Accumulation UL the main benefit of the Ultimate UL is to maximize
death benefit not cash value accumulation. Unlike traditional universal life
insurance that may lapse because there is not enough cash value to carry the policy,
the Ultimate UL has a no lapse provision that guarantees the death benefit as long
as the policy’s no lapse premium is paid. If your main need is a permanent death
benefit and not cash value, this may be ideal for you.”

Accelerated Benefit Rider

The accelerated benefit rider gives access to a portion the death benefit for expenses
caused by a terminal illness.

“The accelerated benefit rider can be invaluable during a time of need. The benefit
will allow you to access a portion of your death benefit if you are terminally ill with
a life expectancy of less than 12 months. This means that you will be able to use a
portion of your death benefit for things that can not wait until you pass.”

Maturity Extension Endorsement

Provides a death benefit past the policy’s maturity date.

“The benefit of the maturity extension endorsement is that is provides protection
against the possibility of outliving the death benefit. This will extend coverage past
the maturity date to provide a death benefit upon the death of the insurance.
Therefore, you can rest assured that you will never lose your death benefit.”

Death Benefit Guarantee Value Provision

Provides a no lapse provision to the policy

“The main benefit of our Ultimate UL is the Death Benefit Guarantee Value
Provision, or no lapse provision. What this means to you is that as long as you pay
the policy’s no lapse premium, your death benefit will be guaranteed and you won’t
have to worry about having enough accumulated cash value to carry the policy like
you would with a traditional universal life. This is also a great way to maximize
your death benefit if cash value is not a concern, because the cost of a death benefit
alone is typically less than a death benefit with cash value accumulation.
Minimum Monthly Premium Provision

The minimum monthly premium provision ensures that the policy won’t lapse as long as
the minimum premium is paid.

“The minimum monthly premium provision is a benefit which ensures that your
policy will not lapse during the first 15 years as long as the minimum premium
payment is made. ”

Accidental Death Benefit Rider

Provides additional death benefit for death by accident.

“The accidental death benefit rider gives your beneficiary an additional death benefit of
up to $200,000 if you die of accidental causes. So, if you were killed in a car accident
your current death benefit of $250,000 would automatically increase to $450,000.”

Child Rider

This rider provides level term life insurance for children less than 22 years of age.

“The great thing about this benefit is that you can give each of your children up to
$25,000 of life insurance, and it doesn’t matter if you have 1 child or 5, the cost for
this benefit is the same. In addition a child may convert this rider to a permanent
form of life insurance without evidence of insurability. Unfortunately, it’s
impossible to tell what medical barriers a child may have during their lifetime, so
the ability to convert this rider to a lifetime death benefit could prove invaluable.”

Spouse Rider

Gives coverage in the form of a term rider for spousal protection.

“The spousal rider allows you to add a term policy for your spouse which may last
until the spouse’s 70th birthday with a death benefit up to the face amount of the
primary insured. In addition, this rider also has the full conversion privilege benefit
allowing it to be converted to permanent insurance within the first 15 years without
having to re-qualify medically. Again, as we talked about earlier, if you purchase
the spousal rider with this policy and your wife/husband has a massive heart attack
two years later making it almost impossible for them to get insurance when the term
is up, you have the option to convert the coverage to a permanent policy,
guaranteed.”

Waiver of Premium

This rider pays for the insurance premium if the primary insured becomes disabled.

“What’s nice about this benefit is that it will pay for your insurance premiums if
you are disabled. Most people don’t think about becoming disabled, but the
statistics of becoming disabled during ones lifetime are much higher than you would
think. This means that you won’t have to worry about losing your life insurance
during a time that you may need it most.”

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:28
posted:4/22/2010
language:English
pages:14