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Product Advisor

This tool will help your client decide which products are best for them based on their income, expenses, existing insurance and their insurance preferences.

Client’s Personal Information

Date of Birth 
Gender
Resident State
Marital Status
Children

Client’s Financial Information

Your Annual Income

Spouse Annual Income

Other Annual Income

Liquid Assets

Other Assets

Mortgage Balance

Other Total Debt


Client’s Current Insurance

Do you currently have a life insurance policy?
Current coverage amount
Do you currently have a disability insurance policy?
Current monthly coverage
Do you currently have a long-term care policy?
Current monthly coverage

Client’s Misc Information

Years of Replacement

(# of Years To Replace Income)

Funeral Expense

(Total Cost of Funeral Expenses)

College Expense

(Cost of College Degree / Child)



Client’s Monthly Expenses

Mortgage / Rent


Household


Child Care


Car Payments / Fuel


Entertainment


All Other Expenses




Client’s Product Advice

Life Insurance

In order to protect your family's financial future, you need life insurance. There are multiple options and we can guide you to the product that best meets your needs.

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Disability Insurance

Disability insurance protects your income in the event that you become disabled. Although you might have enough savings to meet your short-term needs, you may not be able to sustain your living expenses if you are unable to work for months or years.

Recommended Coverage: {{model.uiDICalcOutput | currency:undefined:0}} /month

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Long-Term Care

Over 70 percent of Americans over the age of 65 will need long-term care services at some point. Long-term care insurance helps pay for personal care if you are unable to care for yourself. Continue

Estate Planning

With a high net worth like yours, you should really consider professional estate planning. Talk to an expert today to learn more. Continue

You Are In Good Shape

Based on your age, financial information, existing insurance, and net worth, we currently do not have any specific products to advise.

Determine the Best Type of Life Insurance For Your Client

The idea of leaving an inheritance is important to me — either for my family or a charitable organization. I would want to do this in an efficient manner.
In the future, my adult children and/or parents may rely on me for financial support. I want to make sure my life insurance policy is there if they need it.
I would prefer the least expensive type of life insurance, even though my benefits may expire at some point in the future.
I only want life insurance for a limited period of time (e.g., until my mortgage is paid, children finish college, or other financial obligations are met).
If I die prior to my spouse during retirement, I want to ensure he or she receives a life insurance death benefit.
I only want my family to receive a life insurance benefit to replace my income if I were to die during my working years.
Regardless of how long I may live, it’s important for me to have my life insurance in place when I die.
I don’t want to commit to permanent insurance today, however I’d like to have the right to convert term coverage into permanent coverage in the future should my situation change without having to undergo additional medical screening.

Your Client’s Life Insurance Analysis

100% Term

75% Term / 25% Permanent

50% Term / 50% Permanent

25% Term / 75% Permanent

100% Permanent

Get a Term Quote   Get a Permanent Quote
Clearly you’re concerned about protecting those who depend on you; however, today you feel you only want coverage for a limited period of time. Based on your answers, a term life insurance policy with the option of future conversion should be considered based on your answers. The next section will help you understand which permanent policy you may want to consider converting to in the future.
You recognize the importance of owning life insurance throughout your entire life; however, you also acknowledge that your biggest concern is protecting those who depend on you during your working years. Life insurance products with mostly term insurance and a small amount of permanent insurance should be considered based on your answers.
Your answers show that you appreciate both the benefits of permanent insurance and term insurance. Life insurance products consisting of equal amounts of term and permanent protection should be considered based on your answers.
Protecting those who depend on you for your entire lifetime — regardless of how long you may live — is most important to you. Your preferences indicate that life insurance products consisting mostly of permanent insurance should be considered based on your answers.
You want lifetime protection, to leave a legacy and to protect your spouse’s retirement income. A permanent life insurance policy should be considered based on your answers.


Learn More about Term vs. Permanent Insurance

Term Insurance

Term insurance is like leasing a car. You purchase death benefits for a specified period - usually 5, 10 or 20 years. When the period is over, it's like turning in the leased car. The deal is done and you walk away. Therefore, people typically purchase term insurance when they need a fix amount of coverage for a limited period of time, usually to cover their income during their working years or while they have dependents.
Permanent Insurance

Permanent insurance, on the other hand, is like buying a car you plan to drive forever. Eventually you are done making payments but you still have the car. Permanent insurance stays in force as long as you live. It will pay a death benefit, and it accumulates a tax-deferred cash value that you can borrow against or withdraw during your retirement years.

Determine the Best Type of Disability Insurance For You

Select the product below that best matches your needs.

Lump Sum Disability

  • I want to purchase disability insurance quickly (online)
  • I prefer a single lump-sum payout
Get a Quote

Short-Term Disability

  • I only need a benefit period of up to 24 months
Get a Quote

Long-Term Disability

  • I want a benefit period greater than 2 years
Get a Quote

Determine the Best Type of Long Term Care For Your Client

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Concerned about paying for long-term care coverage and not using the benefit?


Your Long-Term Care Funding Options

Self Funding with Personal Assets

Pros

  • If no long-term care expense arises, cost is zero dollars
  • Assets saved on insurance can be invested

Cons

  • Any long-term care expenses will be funded through distributions from financial assets
  • Your household assumes full risk of costs that could run into seven digits
  • Investment risks for underlying portfolio
  • Difficulty managing assets should a long-term care need arise
  • Could force family members to care for you which can create additional family hardships
Traditional Long-Term Care Insurance

Pros

  • Minimize household risk
  • Premiums may be tax deductible

Cons

  • If it winds up as being unused, could be viewed as wasted money
  • Historically unmanageable premium increases although they show signs of slowing down
  • Difficult to predict coverage
  • Patient left to pay for items not covered
  • Inadvertent lapsing
Medicaid

Pros

  • Available to those with little savings
  • Can be used after other resources have been depleted

Cons

  • Any long-term care expenses will be funded through distributions from financial assets
  • Reimbursement to facilities is generally lower than costs, so Medicaid recipients may receive lower quality care
Hybrid Insurance

Pros

  • Minimize household risk
  • Premiums may be tax deductible

Cons

  • If it winds up as being unused, could be viewed as wasted money
  • Historically unmanageable premium increases although they show signs of slowing down
  • Difficult to predict coverage
  • Patient left to pay for items not covered
  • Inadvertent lapsing


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