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Leslie is 64 years old. She has worked hard throughout her life and has managed to purchase CDs for each of her three children with a current value of $25,000 each. She has no life insurance.
One option Mary could consider is to consolidate her 3 CD's and use the $75,000 as a single premium payment for purchasing Your Legacy. This gives Mary a guaranteed death benefit amount of $136,989 which is an immediate increase of about 82% over the current value of the CD's. |
Foresters 'Your Legacy' Single Premium Whole Life Insurance is a non-medical participating whole life product which provides lifetime death benefit protection, guaranteed cash values, and potential dividends.
Your Legacy Complimentary Benefits Include:
Accelerated Death Benefit Rider* -- This rider, included with eligible certificates at no additional premium, provides the owner an option of accelerating a portion of the eligible death benefit and receive an accelerated death benefit payment due to diagnosis of chronic, critical or terminal illness.
Chronic Illness -- means the insured Is unable to perform, without substantial assistance from another person, at least two of
the activities of daily living for a period of at least 90 days, due to a loss of functional capacity; or requires substantial supervision
by another person to protect the insured from threats to health and safety due to the insured’s severe cognitive impairment.
Critical Illness -- is the following illnesses:
• Life Threatening (Invasive) Cancer
• Myocardial Infarction
• Stroke
• Advanced Alzheimer’s Disease (before the insured’s 75th birthday)
• End Stage Renal Failure
• Major Organ Failure
• ALS
Terminal Illness -- means the insured has a non-correctable illness or physical condition which is reasonably expected to result in
death within 12 months of diagnosis.
Common Carrier Accidental Death Benefit Rider -- This rider, automatically included on all eligible certificates at no additional premium, provides a death benefit of up to two times the face amount to a maximum of $300,000, if the insured dies within 180 days of an accidental bodily injury that occurred while riding on a common carrier as a fare - paying passenger. (exp. Bus, Train, Airplane)
Family Health Benefit Rider -- Call for details.
* Not available in CA, CT, and NY
Chronic Illness -- means the insured Is unable to perform, without substantial assistance from another person, at least two of
the activities of daily living for a period of at least 90 days, due to a loss of functional capacity; or requires substantial supervision
by another person to protect the insured from threats to health and safety due to the insured’s severe cognitive impairment.
Critical Illness -- is the following illnesses:
• Life Threatening (Invasive) Cancer
• Myocardial Infarction
• Stroke
• Advanced Alzheimer’s Disease (before the insured’s 75th birthday)
• End Stage Renal Failure
• Major Organ Failure
• ALS
Terminal Illness -- means the insured has a non-correctable illness or physical condition which is reasonably expected to result in
death within 12 months of diagnosis.
Common Carrier Accidental Death Benefit Rider -- This rider, automatically included on all eligible certificates at no additional premium, provides a death benefit of up to two times the face amount to a maximum of $300,000, if the insured dies within 180 days of an accidental bodily injury that occurred while riding on a common carrier as a fare - paying passenger. (exp. Bus, Train, Airplane)
Family Health Benefit Rider -- Call for details.
* Not available in CA, CT, and NY
Examples of Cash Value Growth
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Single Premium: $25,000
Benefit Amount: $50,348 |
Single Premium: $50,000
Benefit Amount: $101,695 |
Single Premium: $100,000
Benefit Amount: $201,390 |
Examples shown are for a 60 year old, non-smoker, female. To see how much you can increase your asset value call 800-470-2543 for a free consultation. -- Ricky Moore
Issue Ages:
Ages 0 to 85 (Non-Medical) -- Single Premium
What is the minimum single premium amount allowed?
Minimum Deposit:
Ages 0 -15: $1,500
Ages 16 -- 29: $5,000
Ages 30 -- 85: $10,000
Ages 0 -15: $1,500
Ages 16 -- 29: $5,000
Ages 30 -- 85: $10,000
Summary
The real advantage of a single premium policy is that you can take money that you currently aren't using and place it into a policy that will increase it's value just in case you do have to use this money for important medical costs.
Beyond increasing your cash value, you will also have tax protection to if you need to pay for potential qualified medical expenses without any tax penalties as well as leave your increased cash benefit value to your beneficiaries income tax free.
Beyond increasing your cash value, you will also have tax protection to if you need to pay for potential qualified medical expenses without any tax penalties as well as leave your increased cash benefit value to your beneficiaries income tax free.
Since 2011 Foresters has paid out $1.7 billion in insurance
claims to members.
Ricky Moore
301-275-7051 (Tel #)
301-275-7051 (Tel #)