Education To Help You Make A Good Decision

Transcription

1 Presents Final Expense & Burial Insurance Seminar Education To Help You Make A Good Decision 1

2 Your Host Today Your Name OHIO LICENSED AGENTS are licensed Life & Health Insurance agents with the Department of Insurance since. They have helped hundreds of families throughout the state of establish affordable insurance to protect there assets as well as there love ones. loves to educate seniors about how affordable and simple insurance can be for all! 2

3 Today s Topic 1. Final Expense Burial Insurance 2. Income Gap 3. Senior Life Insurance 4. How to properly set up a your last will testament 5. Old vs. New 6. Cost & Options 3

4 Did You Know? Fact: Social Security only pays $ towards Burial & All Final Expense s 4

5 Responsibility of Burial & Final Expenses Funeral Home Expenses Professional Service Charges. $500 - $1,200 Transfer of Deceased... $175 - $300 Viewing Facilities (2 Days)... $350 - $900 Other Preparations.... $100 - $300 Hearse... $150 - $365 Casket. $1,900 - $5000 Burial Expenses Cemetery Plot... $800 - $2,000 Headstone/Engraving $350 - $1,000 Opening/Closing Grave. $350 - $1,500 Embalming..... $200 - $700 5

6 Total Estimate Final Expenses Estimated Funeral Cost: $5,575 - $14,975 Estimated Cremation Cost: $1,500 - $2,500 6

7 There Are Many Decisions Loved Ones Must Make Immediately Contact Doctor Contact Coroner Contact Cemetery Contact Clergy Notify Family/Friends Select Pallbearers Notify Insurance Agent Notify Union/Fraternal Write Obituary Notify Newspaper Select Organist/Music Select Cemetery Plot Determine Type of Service Pick a Casket Choose Vault Select Clothing Select Announcement Cards Determine Time/Place of Visitation Make Arrangements for Visitors Respond to Sympathetic Phone Calls Answer Cards and Letters Greet Callers/Friends/Relatives Prepare and Sign Proper Paperwork Pay For Funeral Expenses Provide Food and Meals Select Memorialization Choose Headstone Obtain Death Certificate Prepare Eulogy Send Out Cards For Gifts/Flowers Decide on Flowers Make Transportation Arrangements By Putting Together a Final Expense Program with a Licensed Professional Your Loved Ones Wont Have to Worry About Financial Pitfalls That Accompany These Important Decisions 7

8 Did You Know? Fact: Social Security says When the loss of a spouse occurs there is usually at least a 50% loss in income immediately. 8

9 Question: Does your monthly expenses decrease? Taxes, utilities, monthly payments, cost of living, stays the same until you adjust them! Most people have to make those adjustments in 30 days but don t. Why? 9

10 The answer to this problem is having a Income adjustment plan. How much income would you need over a 12 month income adjustment period: 500, 750, 1,000 or more? 10

11 We use senior life for other expenses also. Medical Bills Income Taxes Estate taxes Probate Loans 11

12 The next area which is a very popular area is to create a Legacy! What do you think a Legacy is? 12

13 Your Right! A legacy is what every is important to you. It s something that lives on beyond your years for the benefit of someone or something. Such as: Organization Charity Church Mission Grand kids Your Children 13

14 Senior Life Insurance Will Allow you to Create Instant Legacies! 14

15 What Is A Will What if I die without a will Why do you need one Who can make a will Where should I keep my will 15

16 Are All Insurance Policies Created Equal? Old Vs. New Benefits can decrease over time Premiums can increase over time Policy can be canceled because of age or health policy goes enforce Medical Exam Required No Living Benefits Benefits do not decrease Premiums do not increase Policy cannot be canceled because of your age or health Protection from the very first day your policy takes effect No Medical Exam Benefits are paid Tax Free Simple Application Process Cash payout for Critical Illness Early access to death benefit 16

17 What Are The Down Side Risk? Buying Insurance Through The Mail! Pre-Paying For Your Funeral 17

18 What Is The Cost? Monthly Premiums Can be as Low as $15.00 Per Month 18

19 Rates Comparison Between Top Carriers Male Non-Tobacco - $10K - Whole Life - Level Plan Type, Monthly Premiums Age Foresters Mutual of Omaha Americo Assurity United Home Life Lincoln Heritage N/A N/A N/A ** Americo will change monthly modal factor from to *** Data in the comparison is based on information available believed to be current as of 01/15/11, but is subject to change. Not all products are available in all states US (05 /10 ) US (07/10)

20 Rates Comparison Between Top Carriers Female Non-Tobacco - $10K - Whole Life - Level Plan Type, Monthly Premiums Age Foresters Mutual of Omaha Americo Assurity United Home Life Lincoln Heritage N/A N/A N/A ** Americo will change monthly modal factor from to *** Data in the comparison is based on information available believed to be current as of 01/15/11, but is subject to change. Not all products are available in all states US (05 /10 ) US (07/10)

21 Final Expense Burial Programs & Senior Life Insurance Your Spouse Your Children Your Church Your Favorite Charity Pay Your Final Expenses Can Be Left To: It Can Be Used To: Provided Income To a Surviving Spouse Leave Behind For Special Needs And Create an Instant Legacy! 21

22 Thank you for attending this presentation I hope you found it informative and beneficial! Please write you number next to your name on the sign in sheet and we will call you within the next 48 hours to schedule your personal consultation. 22

23 DISCLAIMER This presentation is for educational purposes only and is not intended to convey specific rules on any specific Program. In order for Lamar & Oni Skipper to give specific advice a one on one consultation must be done. Copyright Notice All rights reserved. Copyright and trademark laws protect the entire presentation. The owner of the copyrights and trademarks are Lamar & Oni Skipper. No part of this presentation may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the creators. 23