Dollars for Pennies Apiece

This is what we sell in our industry. Dollars for pennies each. Dollars for future delivery at a time when they are most needed. These are the products received by life, disability and long term care insurance.

Compare the premium paid annually for the ultimate benefit to be received by the time you, your family or your business need most; when the policy pays the product it was designed.

Let me demonstrate what I mean. If you are a 45 year old healthy decisions $ 50,000 per year, you would probably qualify for 10 to 20 times your income in life insurance, and the basic rule is that you will need at least 10 times your income in life insurance. Suppose you buy $ 500,000 of new life insurance. How much does it cost?

A value of redemption permanent life insurance policy with a level premium paid up to 100 years would cost about $ 300 a month while a term life insurance policy would be less than 20 years $ 50 per month. Compare premiums paid to the nominal value of the ultimate death benefit policies to receive. The policy of permanent cash value costs less than a penny per year for each death benefit dollar. This means that you pay less than 1% of the face value of the policy year to give your family the ultimate benefit of $ 500,000; less than a penny per dollar by year. Now that is what I call dollars for pennies each.