Term Life
Most families use term life insurance to replace this if a wage earner dies or becomes chronically ill.
What is income?
This is one of the biggest mistakes families make with life insurance.
What is waiting too long to apply?
What is the maximum allowable amount of dividends you can create in an IUL without a taxable event?
What is $40k? That means you can have a policy with $40k face value double the value to $80,001 and you're only taxed on $1.
This Type of life insurance provides coverage for a specific number of years, such as 10, 20,or 30 years.
What is term life insurance?
This is Beckett's biggest regret in life.
What is not starting to sell insurance sooner?
A common rule of thumb is to have enough term life insurance to cover this large monthly expense.
What is a mortgage?
Unlike Term Insurance, this feature of whole life insurance can grow over time and may be accessed during the insured's lifetime.
What is cash value?
What does the "I" in IUL stand for?
What is Indexed.
A young family wants the most death benefit for the lowest monthly premium.
What is term life?
Beckett's favorite fish to see be caught?
What is a wahoo?
Who is someone who recently bough a home, got married, had a baby, or hasn't reviewed their life insurance in years?
Whole life insurance premiums are typically designed to remain this throughout the life of the policy.
what are level (fixed) premiums?
Although an IUL is linked to this, the policy owner is not directly investing in it.
What is the stock market?
A retired couple wants guaranteed income they cannot outlive.
What is an annuity?
This was the name of Beckett's pony growing up.
Who is Buttons n' Bows?
Well trained insurance agents use this method to calculate face value's of insurance.
D.I.M.E.
The biggest difference between term life and whole life insurance is that one is temporary and one is this.
What is permanent?
This feature helps prevent cash value losses when the market index has a negative return.
What is the floor?
A homeowner wants coverage specifically designed to help protect their family from losing the house if they die unexpectedly.
What is a term life policy?
This is the highest Beckett has every jumped a horse.
What is 4 foot 6 inches?
This is the max allowable amount for term life with TransAmerica.
What is there is not a limit? Facevalues are based on insurable needs using the DIME method.
This is the ideal referral for someone interested in whole life insurance.
Who is someone looking for permanent coverage, final expense protection, or a way to leave a guaranteed legacy?
Many people use an IUL to help supplement this later in life.
A business owner is looking for tax-advantaged accumulation and supplemental retirement income.
What is an Indexed Universal Life (IUL)?
When Beckett travels her this is her favorite thing to do.
What is take pictures?