With two young children, Frank and Laura Ames knew life insurance was a must. Frank was only able to qualify for a small policy due to health challenges, but Laura got preferred rates and a much larger policy. Ironically, it was Laura who was diagnosed with cancer shortly thereafter. Laura succumbed to the disease several years later, but smart insurance planning has left Frank and the kids with a legacy of long-term financial security.
The clients testimonials are provided to engage you in thinking about life insurance. Of course, each client’s results will vary based on various factors, including the products or strategy selected and the performances of any sub-accounts. There is no guarantee that results similar to those portrayed in a testimonial will be achieved.
These videos are provided by the Life and Health Insurance Foundation for Education (LIFE), a non-profit organization dedicated to helping consumers make smart insurance decisions to safeguard their families’ financial futures. LIFE does not endorse any insurance company, product, or advisor. ©2012 LIFE All rights reserved. http://www.lifehappens.org
All guarantees are backed by the claims paying ability of the insurer. Loans and withdrawals will reduce policy cash values and the death benefit, may have tax consequences, and may also negate any guarantee against lapse. If a policy is a Modified Endowment Contract distributions (including loans) are taxable to the extent of income in the policy, and an additional 10 percent federal income tax penalty may apply.
An accelerated death benefit rider or feature of a life insurance policy allows the policyowner to access the death benefit if the insurer is diagnosed with a qualifying terminal illness. Some restrictions and fees may apply. Receipt of the accelerated death benefits may be taxable and may also effect eligibility for public assistance programs.
Exclusions, restrictions, limitations, and reductions in benefits will, in certain situations, apply to your policy. For full details, including costs, call us at 877 276-9429.
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