A Brief Summary
This third and final chapter with our case study couple will take us through their life together as middle-aged parents; some of the unique challenges they face, and important decisions that need to be made. It includes a projection of their life insurance financial outcome to age 65, which is 40 years after they started this journey.
The storyline continues below. It will provide you with some additional valuable information regarding the use of The Balancing Act principals in real life situations. However, if you are more interested in the final financial result, it is summarized here:
Jeff
- From age 25 – 65 (and beyond), Jeff provides his family with the protection they need, regardless of when his death occurs.
- By age 65, Jeff has an overall financial GAIN of $16,347.40 from his life insurance plan.
- At age 65, Jeff is still living, and he continues to carry the coverage his family will need for his final expenses.
Lisa
- From age 25 – 65 (and beyond), Lisa provides her family with the protection they need, regardless of when her death occurs.
- By age 65, Lisa has an overall financial GAIN of $25,244.20 from her life insurance plan.
- At age 65, Lisa is still living, and she continues to carry the coverage her family will need for her final expenses.
If Jeff and Lisa decide to cash out their life insurance as they enter retirement, they will receive a total of $200,025.00. Better yet, most of the money will be received tax-free*. By following The Balancing Act principals, Jeff and Lisa will be in a strong financial position as they enter retirement. Their results are guaranteed, and they can be confident this money will be available throughout the remainder of their lives, should it be needed.
Now, back to our story…
In Review – Looking Back
About 20 years ago our case study couple, Jeff and Lisa, made some decisions about how they could best protect their young family from the loss of a parent. They read an article entitled, The Balancing Act ℠ – A Strategy For Success, and felt this approach best suited their family’s need at the time. During the past 20 years they have periodically reviewed their life insurance policies, but they have not needed to take the time to overhaul their plan; and that’s probably a good thing given their demanding schedules with a growing family.
Another ten years have buzzed right by since we last checked in with our case study family. They have experienced many more changes. Let’s see where they’re at now, and how they’re doing.
Transition To An Empty Nest
Entering the middle-age phase of life brings on many changes for parents, not the least of which is the transition to an empty nest. In Jeff’s and Lisa’s case, they still have a young teenager (Chelsea), who is herself in a transition phase as she approaches young adulthood.
While life is still very busy, Jeff (45) and Lisa (45) have begun to reflect on their adventures as a family, and some of the decisions they’ve made as parents. They feel better prepared now to deal with some of the challenges coming their way as Chelsea (14) matures. Chloe (22) is in her final year of college and looking forward to full independence as she interviews with recruiters. Chad (20) has left the nest and pursued a career as a journeyman plumber, following his grandpa’s career path.
Chelsea has developed into a very skilled and talented teen athlete. She plays softball in a traveling league, and already has college scouts looking at her for recruitment. There’s even some talk about the Olympics in a few years. The family is very excited about Chelsea’s future prospects.
Career, Business, Finances…and Health
As planned, Lisa returned to teaching about 8 years ago. Her income contributed greatly to their ability to save and accumulate money at that time.
Six years ago, Jeff started a business. It was funded primarily from a business loan together with their savings, and a small inheritance Lisa received from her late grandmother’s estate. Jeff was able to purchase the equipment and furnish the business. However, he needed a source of funds to keep the business running in the event of any cashflow crunch while the business was launched and growing. Lisa was not comfortable using the equity in their home for business cashflow, so they turned to their Permanent Life Insurance policies. It was the perfect solution for any potential business cashflow needs.
- They already had some past experience accessing cash from these policies and knew it would be available should the need arise.
- They would not need to qualify for a loan, as the equity is theirs to use as they see fit; similar to a savings account at a bank.
- Any interest charged on the money they access would be credited back to them, creating a zero-cost loan arrangement.
As new business owners, it was a good feeling to know the money was there, just in case it was ever needed.
Unfortunately, a few years after the business was launched, Lisa became ill. She was diagnosed with a chronic disease, genetically passed down from her mom’s side of the family. She was not able to continue in her teaching position as stress is a primary contributor to aggravation of her condition.
Lisa has been able to assist Jeff in the family business, working at her own pace. Their business is growing and doing well. It employs 5 full-time people as well as Jeff and Lisa. Their business provides them with a healthy, reliable income.
Jeff and Lisa have done well for themselves over the past 20 years:
- $150,000 in IRAs which will be available for withdrawal at age 59 ½ without a penalty.
- Liquid savings of $30,000 as an emergency fund.
- Some mutual fund investments, earmarked for retirement, which have performed well over the past few years.
Neither of them is comfortable relying on these savings and investments to protect their family against the death of a parent.
- If Jeff dies, Lisa will need a lot of financial support as she cannot return to her teaching career due to her health condition. Nor can she manage a regular work schedule as her flare ups are unpredictable.
- If Lisa dies, Jeff will need help with Chelsea until she is fully raised.
Life Insurance Review – Jeff’s Current Situation
- $1,000,000 Term Life Insurance policy, which will soon expire.
- $100,000 Permanent Life Insurance policy with a total equity value of $19,755.
- The death benefit for the Permanent Life Insurance policy has actually increased to $110,000 as a result of the dividend option Jeff chose at the time he applied for the policy.
Life Insurance Review – Lisa’s Current Situation
- $700,000 Term Life Insurance policy, which will soon expire.
- $100,000 Permanent Life Insurance policy with a total equity value of $17,610.
- The death benefit for the Permanent Life Insurance policy has actually increased to $110,000 as a result of the dividend option Lisa chose at the time she applied for the policy.
Navigating the Need
With the majority of their life insurance protection expiring soon, Jeff and Lisa need to make some decisions that will best suit their current and longer-term needs. They will need to find a healthy balance between their budget constraints and the financial requirements of the survivor, should one of them pass before retirement age.
Jeff is in very good health. His health awareness increased significantly after Lisa’s diagnosis. He will still qualify for a preferred-plus rate for life insurance. However, he is now 20 years older from when he last applied for a policy. He’s concerned about the cost to their budget. He also has experienced the difference between “cheap” life insurance, and the “expensive” kind. He now relates Term Life Insurance to spending, and Permanent Life Insurance to saving.
After 20 years of faithful payments, the Permanent Life Insurance policies have enough equity build-up to refund all of their premium payments, while the Term Life Insurance policies have no equity and will expire very soon. He’s grateful his family had adequate protection through Term Life Insurance, but he now wishes they had secured more Permanent Life Insurance when they were younger.
Lisa will not qualify for an affordable life insurance policy due to her health condition. She feels that Jeff needs more protection than her current Permanent Life Insurance policy will provide. Chelsea is a young teenager who needs supervision, and they still have a fair amount of debt. Since Lisa is able to convert her term policy to a permanent policy without any consideration for her health, they decide to take a look at their options.
Conversion Privilege
Though Term Life Insurance does not build any equity, many of these policies offer one valuable long-term benefit which can aid people who experience a change in health, making it difficult to obtain a new policy; the conversion privilege. Conversion allows the owner to convert their active Term Life Insurance policy into a Permanent Life Insurance policy without any health consideration.**
In Lisa’s case, she can convert up to all of her term coverage to a new permanent policy based upon her current age. She will retain her original underwriting class of preferred-plus, which will provide her the best premium available for the policy she purchases. So, while she’ll pay more now than she would have 20 years ago, she will still pay the lowest premium for her age on a new Permanent Life Insurance policy through the conversion privilege.
Time For A New Design
Jeff and Lisa both feel the conversion privilege offers a great opportunity to secure some additional long-term protection. They agree that they still need more life insurance than their current Permanent Life Insurance policies provide. The conversion privilege gives them the ability to have the financial security they need for their family and their business.
Jeff and Lisa review The Balancing Act ℠ principles and are reminded that there are 3 basic steps to proper life insurance design:
- Decide how much life insurance you want to have in-force when you are elderly, for your final expenses. This is usually between $25,000 and $100,000. The younger you are, the more you need due to future inflation.
- Decide how much life insurance you need if you die tomorrow (Use the Simplis Calculator).
- Decide how much money you have available in your budget for life insurance premium. Remember, this needs to be a reasonable amount. Have an idea of how much is available in your budget rather than how much you want to spend. Try not to set an artificial limit to your budget before you gather quotes. Understanding how much you have available in your budget will help you design a sustainable plan.
They both still feel good about the original $100,000 Permanent Life Insurance policies they secured 20 years ago for their final expense needs. They have been so pleased with the outcome of these policies that they decide to explore an additional Permanent Life Insurance option (not just for Lisa, but also for Jeff) that is sustainable within their budget.
After taking a close look, and considering potential future needs for their business, they determine $1000 per month is available for their life insurance needs. However, they do not expect to spend this much for their life insurance.
Jeff’s Current And Longer-Term Need
Jeff’s primary concern is for Lisa’s lifestyle if he passes away. Her health could deteriorate quickly if she was forced to get a job, or take over full responsibility for their business.
The sale of their business would certainly fulfill Lisa’s financial need. However, what if the business loses value in the future due to a changing economy? Or a new technology emerges and replaces the need for their business? Or competition increases and business revenue declines? Also, would Lisa be able to sell the business at full value, or (with Jeff’s death), would it be perceived as a “fire sale” situation by potential buyers? They decide they cannot consider any potential future sale value of their business when calculating Jeff’s life insurance need.
Other considerations include:
- A mortgage balance of $75,000.
- A business loan balance of $25,000.
- Chelsea’s college funding for four years, estimated at $25,000 per year.
Their current lifestyle requires $50,000 per year. Jeff’s income is substantially higher than their lifestyle requires. However, for life insurance purposes they both feel that, at this point in their life, lifestyle protection is more in line with their need than income replacement***.
If Jeff pre-deceases Lisa, she will qualify for social security as a widow at age 60. So, Jeff decides he wants to provide this protection until Lisa reaches age 60, which is 15 years down the road.
Jeff goes to the Simplis Life calculator and enters the information to calculate his need.
- Lifestyle protection equals $750,000 ($50,000 per year X 15 years = $750,000).
- Debt Payoff equals $100,000 ($75,000 mortgage + $25,000 business loan = $100,000).
- College Funding equals $100,000 (1 child X $25,000 per year X 4 years = $100,000).
Jeff’s total need is $950,000.
He does not include final expenses, as this is already covered by his Permanent Life Insurance policy. Also, Jeff no longer has any group life insurance through an employer sponsored benefit plan.
He clicks on the Click ‘n Go button and he is taken to the Instant Quote page. The Instant Quote tool rounds the amount up to $1,000,000.
He enters his information into the Instant Quote tool. He clicks on the Click ‘n Go button and he is taken to the Quote Results page where he discovers the lowest premium available to him is $68.68/mo. Jeff is not excited about paying a premium for a policy that only provides a benefit if he dies. He makes a note to discuss other options with the Simplis Life account manager when he is contacted regarding his application.
Jeff is also curious about Return of Premium (ROP) Term Life Insurance. “I like the idea of a premium refund if I don’t die. I wonder how much it would cost.”, he thinks to himself. He clicks the back button on the Quote Results page. His information is retained in the quote tool so he doesn’t need to re-enter the data. He decides to quote $300,000 of 15-year ROP term on the Simplis Instant Quote tool. His premium would be $198.53 per month. He then looks at a $300,000 20-year ROP term. The premium would be $157.95 per month. “Hmmm, a lower payment for more years of coverage?”, he wonders. “I better find out how this works.”
Jeff submits his online application for a $1,000,000 Term Life Insurance policy, with a note on the application that he wants to go over some other options as well.
Lisa’s Current And Longer-Term Need
Lisa is primarily concerned about Jeff’s ability to raise Chelsea through the teen years with her busy softball schedule, and into young adulthood. With the prospect of making the Olympic team, Lisa doesn’t want Chelsea to miss out on any opportunities. Like most any parent, she wants her daughter to have strong parental support no matter what happens. She also wants the debt to be paid off, should Jeff survive her.
She is not at all concerned about Jeff’s ability to earn a living and continue to support himself and their family. Even if he needed some time off, they have several long-term employees who can step in temporarily.
With Chelsea’s busy schedule of athletic activity, Lisa believes the annual cost for her remaining years of dependency will be $20,000 per year. Since Jeff and Lisa shared in the cost of their older daughter, Chloe’s college education from their earnings, they are comfortable doing the same for Chelsea’s college education from Jeff’s future earnings if she does not earn it through a scholarship. Therefore, Lisa does not include college funding in her calculation.
Lisa goes to the Simplis Life calculator and enters the information to calculate her need.
- Family Services protection equals $100,000 (1 child at 14 years old at $20,000 per year = $100,000).
- Debt Payoff equals $100,000 ($75,000 mortgage + $25,000 business loan = $100,000).
Lisa’s total need is $200,000.
She does not include final expenses, as this is already covered by her Permanent Life Insurance policy. Also, Lisa no longer has any group life insurance through an employer sponsored benefit plan.
Lisa will not qualify for an affordable policy if her health is considered. So, after she data enters her information for a $200,000 policy in the Instant Quote tool, and chooses a company on the Quote Results page, she then enters some details about her desire to convert part of her current term policy into the note area of the Simplis online Application page, and then she clicks the Submit button.
Soon afterwards, Jeff and Lisa receive a call from a Simplis Life account manager.
Options Are Good
Jeff and Lisa explain their situation in some detail, and share their expectations for the new policies with the Simplis Life account manager. They also share their positive experience with the Permanent Life Insurance policies they each secured 20 years ago.
Jeff pipes up, “I noticed the Return of Premium policies go down in price with a longer term. Is that right?” “That’s correct, Jeff” exclaims Kyle, the account manager. “It seems counter-intuitive, but that’s how it works. An ROP term policy would be a good fit for you. However, since you’re so happy with your Permanent Life Insurance policies, I think you should also look at a Guaranteed Universal Life Insurance (GUL) policy. It will give you the guaranteed option to keep the policy for the rest of your life if things change between now and retirement. Or, it will guarantee the return of all your paid premium if you decide to cancel the policy; sort of the best of both worlds. Would you like me to quote it for you?”
Jeff and Lisa ask Kyle to put together a couple of proposals. Later that day, Kyle calls them back with the proposals.
Proposals For Jeff
Proposal #1: A 15-year term policy for $1,000,000 of coverage at $68.68 per month. Jeff will spend $12,362.40 over the life of this policy.
- He likes the low premium for the needed coverage.
- He does not like the thought of paying for something without building any value.
Proposal #2: A 15-year term policy for $750,000 of coverage at $54.65 per month, and a 20-year ROP term policy for $250,000 of coverage at $106.06 per month. Total commitment is $160.71 per month. Jeff will spend $35,291.40 over the life of this plan ($9,837.00 for the 15-year term policy and $25,454.40 for the 20-year ROP term policy). He will receive a full refund for the 20-year ROP term policy, making his total out of pocket expense, $9,837.00 over 20 years.
- He is attracted to the return of premium guarantee after 20 years of payments.
- He likes the idea of having some additional protection through age 65 with the ROP 20-year term policy.
- The premium is affordable to their budget.
Proposal #3: A 15-year term policy for $750,000 of coverage at $54.65 per month, and a GUL permanent policy for $250,000 of coverage at $162.45 per month. Total commitment is $217.10 per month. He has the option of keeping the GUL for the rest of his life, or cancelling after 25 years for a full refund. Jeff will spend $58,572.00 over 25 years for this plan ($9,837.00 for the 15-year term policy and $48,735.00 for the GUL permanent policy). If Jeff cancels the GUL for the full refund, his total cost for this plan is $9,837 over 25 years.
- He likes the option of continuing the GUL for the rest of his life, should something unforeseen create the need for additional lifetime coverage.
- He is attracted to the return of premium guarantee, though 25 years places him at age 70. It seems like a long time to wait at this point in his life.
- The premium is affordable to their budget, however it’s a bit higher than he wants to pay.
Proposals For Lisa
Due to her health condition, Lisa’s options are very limited. Account manager, Kyle, looked at several different Permanent Life Insurance policies available to her for conversion. The Guaranteed Universal Life Insurance policy with return of premium after 25 years is her best option for both cost control and long-term benefit. Other options either came at a higher cost to the budget, or do not offer the guarantees Lisa wants.
Lisa ultimately decides to convert $250,000 of her Term Life Insurance policy into a $250,000 GUL Permanent Life Insurance policy at $134.17 per month. She has the option of keeping the GUL for the rest of her life, or cancelling after 25 years for a full refund. If Lisa cancels the GUL after 25 years (age 70) she will receive a refund of $40,251.00.
The New Life Insurance Design
Jeff decides to move forward with option #2, a 15-year, $750,000 Term Life Insurance policy together with a 20-year, $250,000 ROP Term Life Insurance policy.
Lisa moves forward with the $250,000 GUL Permanent Life Insurance policy through the conversion privilege offered on her soon to expire Term Life Insurance policy.
Both Jeff and Lisa retain their $100,000 guaranteed Permanent Life Insurance policies, which were secured 20 years ago.
When they began the process of re-designing their life insurance plan, they decided $1000 per month was available in their budget, however, they did not expect to spend this much for life insurance. Here’s the breakdown of their new life insurance premium commitment:
Jeff
- $76.04 per month for his original guaranteed Permanent Life Insurance policy
- $54.65 per month for his new 15-year Term Life Insurance policy
- $106.06 per month for his new 20-year ROP Term Life Insurance policy
Jeff’s total monthly premium is $236.75.
Lisa
- $68.73 per month for her original guaranteed Permanent Life Insurance policy
- $134.17 per month for her new GUL Permanent Life Insurance policy
Lisa’s total monthly premium is: $202.90.
These totals place them well below their available monthly budget. This new design will also continue their original commitment to create something of value from an important purchase.
A Lifetime Of Protection With A Bonus
Jeff Age 25 – 45
At the age of 25, Jeff started a $1,000,000, 20-year Term Life Insurance policy:
- Cost to the budget = $34.56 per month, or $8,294.40 total over 20 years
- Total equity or refund = $0
- Total overall cost = $8,294.40.
The term policy did not provide any equity or refund benefit. However, it did provide Jeff’s family with the protection he wanted, and therefore it functioned well for his needs at the time.
Also at age 25, Jeff started a $100,000, guaranteed Permanent Life Insurance policy for his final expense needs:
- Cost to the budget = $76.04 per month, or $18,249.60 total over 20 years
- Total equity or refund = $19,755.00 (and his death benefit increased to $110,000 due to the dividend option he chose for his policy)
- Total overall gain = $1,505.40
Even if Jeff cancels this policy now, he will have made some money while providing protection for his family. Jeff will not cancel this policy; he considers it a valuable asset.
Altogether, Jeff’s total cost for his life insurance need during the past 20 years was $6,789.00, or $28.29 per month:
$19,755.00 (total equity value in his guaranteed Permanent Life Insurance policy)
– $18,249.60 (total premium cost for his Permanent Life Insurance policy)
– $8,294.40 (total premium cost for his 20-year Term Life Insurance policy)
– $6,789.00 (total cost over 20 years) or $28.29 per month
Jeff Age 45 – 65
At age 45, Jeff has decided to purchase a $750,000, 15-year Term Life Insurance policy:
- Cost to the budget = $54.65 per month, or $9,837.00 total over 15 years
- Total equity or refund = $0
- Total overall cost = $9,837.00.
This term policy will not provide any equity or refund benefits. However, it will provide Lisa with the protection Jeff wants her to have, at a cost that fits within their budget.
Also at age 45, Jeff has decided to purchase a $250,000, 20-year Return of Premium Term Life Insurance policy:
- Cost to the budget = $106.06 per month, or $25,454.40 total over 20 years
- Total equity or refund = $25,454.00
- Total overall cost = $0.
The protection offered by this policy will ultimately cost Jeff nothing, and he’ll receive a full premium refund close to his planned retirement age.
Jeff will also retain his guaranteed Permanent Life Insurance policy, which he secured 20 years ago:
- Cost to the budget = $76.04 per month, or $36,499.20 total over 40 years
- Total equity or refund = $70,978.00 (and his death benefit will have increased to $146,000 due to the dividend option he chose for his policy)
- Total overall gain = $16,347.40
If Jeff lives to age 65, he will have a gain for his overall life insurance plan of $16,347.40:
$70,978.00 (equity value in guaranteed Permanent Life Insurance policy)
– $36,499.20 (total premium cost for his guaranteed Permanent Life Insurance policy)
-$8,294.40 (total premium cost for his 20-year Term Life Insurance policy, age 25 – 45)
– $9,837.00 (total premium cost for his 15-year Term Life Insurance policy, age 45 – 60)
$16,347.40 (total gain over 40 years)
We do not include the cost of the 20-year ROP Term Life Insurance policy as he will receive a full refund, making it a zero-cost policy.
Lisa Age 25 – 45
At the age of 25, Lisa started a $700,000, 20-year Term Life Insurance policy:
- Cost to the budget = $21.28 per month, or $5,107.20 total over 20 years
- Total equity or refund = $0
- Total overall cost = $5,107.20
The term policy did not provide any equity or refund benefit. However, it did provide Lisa’s family with the protection she wanted, and therefore it functioned well for her needs at the time.
Also at age 25, Lisa started a $100,000, guaranteed Permanent Life Insurance policy for her final expense needs:
- Cost to the budget = $68.73 per month, or $16,495.20 total over 20 years
- Total equity or refund = $17,610.00 (and her death benefit increased to $110,000 due to the dividend option she chose for her policy)
- Total overall gain = $1,114.80
Even if Lisa cancels this policy now, she will have made some money while providing protection for her family. Lisa will not cancel this policy; she considers it a valuable asset.
Altogether, Lisa’s total cost for her life insurance need during the past 20 years was $3,992.40, or $16.64 per month:
$17,610.00 (total equity value in her guaranteed Permanent Life Insurance policy)
– $16,495.20 (total premium cost for her Permanent Life Insurance policy)
– $5,107.20 (total premium cost for her 20-year Term Life Insurance policy)
– $3,992.40 (total cost over 20 years) or $16.64 per month
Lisa Age 45 – 65
At age 45, Lisa has decided to convert $250,000 of coverage from her old 20-year Term Life Insurance policy into a new GUL Permanent Life Insurance policy with a return of premium guarantee after 25 years.
- Cost to the budget = $134.17 per month, or $40,251.00 total over 25 years
- Total equity or refund = $40,251.00
- Total overall cost = $0
The protection offered by this policy will ultimately cost Lisa nothing, and she’ll receive a full premium refund after her planned retirement age.
Lisa will also retain her guaranteed Permanent Life Insurance policy, which she secured 20 years ago:
- Cost to the budget = $68.73 per month, or $32,990.40 total over 40 years
- Total equity or refund = $63,342.00 (and her death benefit will have increased to $147,000 due to the dividend option she chose for her policy)
- Total overall gain = $25,244.40
If Lisa lives to age 65, she will have a gain for her overall life insurance plan of $25,244.40:
$63,342.00 (equity value in her guaranteed Permanent Life Insurance policy)
– $32,990.40 (total premium cost for her guaranteed Permanent Life Insurance policy)
– $5,107.20 (total premium cost for her 20-year Term Life Insurance policy, age 25 – 45)
$25,244.40 (total gain over 40 years)
We do not include the cost of the GUL Permanent Life Insurance policy as she will receive a full refund, making it a zero-cost policy.
In Conclusion – Balance Wins
By using The Balancing Act principals, life insurance can provide you with excellent financial protection AND a guaranteed 100% refund of the money you paid over the years. No other product can offer these benefits on a guaranteed basis. In the case of Jeff and Lisa, not only were they able to recapture ALL of the premium they paid, they also experienced a substantial gain.
Let’s review how they used The Balancing Act principals to create financial wins so far:
- They were able to secure the amount of life insurance protection their family needed at an affordable premium for their budget. (See The Balancing Act ℠ – Case Study 1)
- When Jeff lost his job and was unemployed/underemployed for an extended time, they suspended payments to their Permanent Life Insurance policies, yet the protection continued as the policy equity was used to pay the premium. (See The Balancing Act ℠ – Case Study 2)
- During this same timeframe, they used some equity from their Permanent Life Insurance policies to keep the Term Life Insurance policies in-force. (See The Balancing Act ℠ – Case Study 2)
- When they launched the family business, they did not need to seek a source of funds for short term cashflow needs. The equity in their Permanent Life Insurance policies was the perfect solution, should the need arise. (See The Balancing Act – Case Study 3)
- Looking to the future, they will enter retirement knowing they have access to over $200,000 (mostly tax free*) through the built-up policy equity and return of premium provisions within their life insurance policies. (See The Balancing Act – Case Study 3)
Establishing balance as early as possible will always strengthen your position. However, even at an older age, The Balancing Act design will produce a positive result.
Flexibility is one of the most valuable benefits attained from a balanced life insurance design. By implementing The Balancing Act principals, you will have the ability to navigate the ever-changing waters of your financial life. Having a balanced life insurance plan is one of the best ways to prepare for the financial “unknowns” which lie ahead in your future.
For Jeff and Lisa, they were able to pay an affordable amount of money every month, over a long period of time, to provide excellent financial protection for their family. The financial gain they experienced paid for ALL of the premium, from ALL of their life insurance policies, and they still had a lot of money left over.
I hope you have enjoyed the story of our case study family, and you feel the time was well spent. Mostly, I hope you will now take action on what you have learned, and begin to build a strong financial future for yourself and your family.
Questions? We have answers. Contact a Simplis professional today, online or (888) 385-1711.
