Final expense

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION

FINALFINAL EXPENSEEXPENSEPROTECTIONPROTECTION

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTION

PURPOSE:PURPOSE:Final Expense Life Insurance

““It Is The Primary Way To It Is The Primary Way To Protect You And Your Family Protect You And Your Family From The Immediate Burden From The Immediate Burden

Of Funeral Expenses”Of Funeral Expenses”


You Might ASK…You Might ASK…

(1)What are the various expenses I can expect as part of the funeral arrangements?

(2)What are the costs involved?


ADDITIONAL EXPENSESADDITIONAL EXPENSES• Funeral Services

• Cemetery Plot

• Casket

• Headstone

• Visitation / Viewing

• Transportation

• Flowers

• Embalming

• Legal Fees

• Pay off Debts

• Medical Bills

• Pay off Mortgage

• Pay off Credit Cards

• Pay off Car

• Legal Costs of Death (Probate, Taxes etc.)

Funeral Expenses Include:Funeral Expenses Include:IMMEDIATE EXPENSESIMMEDIATE EXPENSES


How Much Will How Much Will These Items Cost Me These Items Cost Me

And My Family?And My Family?

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • For Agent use only • NOT FOR CONSUMER DISTRIBUTIONCOPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION

Breakdown of Expenses:Breakdown of Expenses:

Funeral Director Services

Cemetery Plot

Casket

Headstone

Visitation / Viewing

Transportation

Flowers

Embalming

Misc

$ 1450

$ 1200

$ 2300

$ 1500

$ 400

$ 625

$ 400

$ 600

$ 2400

Grand Total of Grand Total of $ 10,875$ 10,875Grand Total of Grand Total of $ 10,875$ 10,875

Average Cost of a Funeral in Average Cost of a Funeral in 2008 2008

Was Was $10,800$10,800


1. Who is responsible to pay for these expenses?

2. What happens to the spouse that is left behind?

3. What are the 3 ways to pay for these funeral costs?

Three Important Topics Three Important Topics to Considerto Consider


• Expenses must be paid before the funeral will be allowed to take place.

• Funds must be liquid.

• Traditional life insurance policies (term, UL, large whole life plans, employer plans) will take a minimum of:

Remember!!Remember!!

Your Children?

Your Children?

Your Spouse?Your Spouse?

Other FamilyLeft Behind?Other FamilyLeft Behind?

30 DAYS TO PAY OUT!!30 DAYS TO PAY OUT!!

Who’s Responsible To Pay?Who’s Responsible To Pay?


What Happens To What Happens To The Spouse That IsThe Spouse That Is

Left Behind?Left Behind?


Loss of Income…Loss of Income…Social Security Payment Changes - When one spouse dies, the other automatically receives the higher of the two social security payments, and the lower of the two drops off.

HUSBAND $1,200 + WIFE $1,000 = $2,200✕✕ $1,200

✴ This is a hardship for the widow left behind, because all of her expenses will stay the same, or in some instances increase, yet she will be living on roughly half of the money.

Spouse Left Behind…Spouse Left Behind…Spouse Left Behind…Spouse Left Behind…

EXAMPLE:

A husband is receiving a $1,200 a month payment from Social Security and his wife is receiving $1,000. If he were too pass away first, the wife will begin to receive his Social Security Benefit of $1,200,

BUT WILL LOSE BUT WILL LOSE HERS…HERS…


Spouse Left Behind…Spouse Left Behind…

• Pay Off Debts – Mortgage, Car, Credit Cards etc

• Any Expenses Not Covered By Medicare

• Legal Fees

• Other legal costs of death - Probate, Taxes etc

ADDITIONAL EXPENSESADDITIONAL EXPENSES

• Medical Bills – Co Pays & Deductibles

MEDICAL BILLSMEDICAL BILLS – In addition to the loss of income and The cost of the funeral itself, there are usually END-OF-LIFE Medical bills that are not covered by Medicare or Medicare Supplements.


2. Leave the Burden to Your Spouse/Children2. Leave the Burden to Your Spouse/Children•Most-Undesirable•No one wants to leave behind a legacy of debt•Creates a financial strain on the remaining family members to come up with immediate cash.

3 Ways to Pay…3 Ways to Pay…3 Ways to Pay…3 Ways to Pay…

1. YOU PAY 1. YOU PAY • Checking Accounts• Savings Account

• Credit Cards• Pre-Paid Funeral Expenses

3. Final Expense Protection Plan3. Final Expense Protection Plan• Provides a low cost way to prepare for ALL of the expenses associated with the END-OF-LIFE.


Benefits Your FamilyBenefits Your Family

Key Benefits To A Final Key Benefits To A Final ExpenseExpense

Protection Plan Protection Plan

• Gives yourself and your family peace of mind• Relieves them of this financial burden• Helps cover these immediate costs• Reduces the emotional toll on your spouse and the

rest of the family.

• Easy to apply for• No medical exam required• You can never be canceled• Plans build cash value• Funds are set up immediately in a person’s name

- NO WAITING PERIOD! -- NO WAITING PERIOD! -


Final Expense Final Expense Protection Plan OptionsProtection Plan Options

Monthly CostBenefit to Children

Replacement ofIncome + Expenses

Comprehensive

Cost - Sharing

EXAMPLE:EXAMPLE:EXAMPLE:EXAMPLE:


Guaranteed never to increase in price.

The benefit paid to you and to your family can never be lowered.

Money is protected from Income Tax.

Funds are made available to your family almost IMMEDIATELY.IMMEDIATELY.

Additional Plan BenefitsAdditional Plan Benefits


Who Sets Up This Who Sets Up This Cash Account Cash Account

For You?For You?


Additional Member Benefits: Available to all Members- At No Cost!

• Many Companies – Foresters, a company

• Over 100 years old, very reputable in the insurance world.

• Know for paying their claims very quickly (with in 7 days)

• Community Outreach Programs

• Building playgrounds for communities – August in Detroit

• Supporting local Children’s Miracle Network Hospital – 17 Million children

helped each year.

• Organizing family events in the area.

• Financial Counseling and free legal services.

Company BenefitsCompany Benefits• Dedicated to great customer service

• Allows individuals and families to take

the money out early in the event that the insured the becomes terminal, ill.

• Children & grand children Scholarships - $350 a year.

• Orphan for immediate family members. Benefits – Scholarships

• Critical illness benefit


AS YOU CAN SEEAS YOU CAN SEE,, These Plans Not Only Benefit These Plans Not Only Benefit You, But They Take Care Of You, But They Take Care Of Your Loved Ones Around YouYour Loved Ones Around You As Well!!As Well!!

COPYRIGHT © 2011 INSURANCE ADVISORS DIRECT, AGENCY, LLC. ALL RIGHTS RESERVED • FOR AGENT USE ONLY • NOT FOR CONSUMER DISTRIBUTION

Q & AQ & ACALL US AT:CALL US AT:

(800) (800) 381.0977381.0977

CALL US AT:CALL US AT:

(800) (800) 381.0977381.0977

Final expense

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