July 27, 2010
Brokers Alliance is now representing one of only two carriers in the industry that has Living Benefit Rides automatically part of a TERM Life Program. This product is proprietary and exclusive to Brokers Alliance, Inc. We are now introduces 10, 15, 20, 30 and even 40 year Term options.
This new proprietary product is an alternative to traditional coverage; which is at “death only” term insurance. This program makes available a pool of money that the client can access in the event of a Critical Illness or Chronic Illness or Terminal Illness event.
Simply ask your client: In the last 5 years do you know of anyone; Family members; Friends, Neighbors, colleagues at work, who suffered a: Heart Attack, Stroke, diagnosed of cancer, kidney failure, ALS(Lou Gehrig’s disease) or a major organ transplant as the answer is probably yes. Do you think that such an illness can cause a financial hardship on top of dealing with the illness?
I think so. This policy will pay under the critical illness rider up to 90% of the face amount in case of one of these illnesses. Example: $500,000 of coverage and up to $450,000 and $500,000 maximum.
In addition to the Critical Illness benefit, our term product will pay for expenses for Chronic Illness. That is if an insured is unable to perform two of the following six activities; bathing, continence, dressing, eating, toileting and transferring without the ASSISTANCE from another person OR being cognitively impaired. If this should occur, the insured can access up to two percent of the life insurance amount up to 90% of the death benefit. Example: $500,000 of coverage and up to $10,000 per month up to $450,000, $500,000 Maximum.
Will the typical Life Insurance Policy do that? Absolutely not. Can this happen to your clients? Absolutely. Can your client use the money for everyday house hold expenses, additional medical bills, or help from someone while recovering? Of course!
FACT: Every 40 seconds someone in the United States has a stoke! In the United States, Stoke is the leading cause of death, and a leading cause of serious, long-term disability.
FACT: Every 30 seconds a new cancer is diagnosed in the United States and more than half of Americans diagnosed with cancer will survive for at least 5 years.
FACT: Every 26 seconds someone suffers a heart attack. Each year in the United States more than $1 Million people who suffer a heart attack survive for at least 12 months; aged 35-54 survive at least 5 years.
Therefore, as their insurance agent or financial advisor you should at least offer this plan of protection and not just a policy upon death but upon a Critical or Chronic Illness. This Plan includes Terminal Illness, as do most plan’s today, but we also includes an Unemployment Rider.
What typically happens first when an illness or accident occurs? Is your client more likely to die immediately or suffer a critical or chronic illness? If they do die immediately, your client has the life insurance. With this unique Brokers Alliance term product, you have given your clients financial protection and peace of mind.
Contact information:
Brokers Alliance
800-290-7226 x147
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