Slide 2 PLC.6355 (03.13) PROTECTING YOUR FUTURE A Womans Guide
to Life Insurance Slide 3 2 TODAY, I tried something new. Slide 4 3
TODAY, I achieved balance. TODAY, I achieved balance Slide 5 4
TODAY, I achieved balance. TODAY, I took care of someone special.
Slide 6 5 TODAY, I found my inspiration. Slide 7 6 TODAY, I set a
new goal. Slide 8 7 TODAY, I achieved balance. TODAY, I began a new
adventure. Slide 9 8 TODAY, I made a plan to protect tomorrow.
Slide 10 9 TODAY, I made sure she had a secure future. Slide 11
PROTECTING YOUR FUTURE A Womans Guide to Life Insurance Slide 12 11
Agenda Why think about life insurance? Myths about life insurance
Reality check How much will you need? Insurance options Getting
started Slide 13 12 Why think about life insurance? You are
valuable. Slide 14 13 Why think about life insurance? You may be
underinsured* Three in ten American households are uninsured Half
of American households say they need more life insurance. Only 1 in
3 women have life insurance. One-third of married women own no life
insurance. * Facts from LIMRA, LIMRA, September 2012. Women Need
Life Insurance, Too!, Millionaire or Bust.com, March 31, 2011.
Slide 15 14 Why think about insurance? How will your family: Cover
the mortgage Meet basic living expenses Pay for childcare and
education, now and in the future Pay off car loans and credit-card
debt Leave a legacy for future generations Manage final expenses
Slide 16 15 Myth #1: I stay at home and dont need it. My husband
has insurance. Beth, age 32 Slide 17 16 Dont Undervalue Yourself!
Source: www.salary.com Annual estimated salary: $112,940.45 CEO3.2
hours Housekeeper14.8 hours Laundry operator6.3 hours Computer
operator8.9 hours Cook13.9 hours Day care teacher13.7 hours
Driver7.9 hours Janitor7.7 hours Psychologist7.7 hours Facilities
manager10.7 hours Can your family afford to hire all these people?
Slide 18 17 Dont Undervalue Yourself! Annual estimated salary: $
112,940.45 For 15 yearsx 15 $1,694,106.70 Slide 19 18 Myth #2: We
dont have children. We dont need life insurance. Tina, age 39 Slide
20 19 Can your husband afford The mortgage/rent? Utilities? Car
loans? Credit-card debt? Student loans? Final medical and funeral
expenses? Slide 21 20 Myth #3: Our children are grown. Its time to
cancel our policies Carol, age 55 Slide 22 21 Can your spouse or
children afford To pay for your final medical and funeral expenses?
To take time off of work to grieve? Future expenses without
additional income or resources? The pressures of being in the
sandwich generation? To pass on something to your grandchildren?
Slide 23 22 Myth #4: Insurance is too expensive. Karen, age 42
Slide 24 23 Can you afford not to? $500,000 of life insurance
coverage for the next 10 years $20.36 per month (or less than 65
cents a day!) Case studies and benefit values represented as part
of this presentation are based on hypothetical client inputs.
Actual results will vary based on a variety of factors including
age, gender, health, and other underwriting factors. This example
assumes a Protective Custom Choice UL initial level death benefit
period of 10 years; 42 year old female, select preferred
non-tobacco rate class. Slide 25 24 Myth #5: I am single with no
children. I dont need insurance. Emily, age 35 Slide 26 25 Plan for
now, and for your future Will you: Have enough coverage for any
debts you leave behind? Leave enough for your final medical and
funeral expenses? Lock in coverage now, and secure your future?
Slide 27 26 5 Myths 1.I stay at home and dont need it. My husband
has insurance. 2.We dont have children. We dont need life
insurance. 3.Our children are grown. Its time to cancel our
policies 4.Insurance is too expensive 5.I am single with no
children. I dont need insurance. Slide 28 27 A Reality Check Slide
29 28 Would your family be able to continue their standard of
living without your income? Slide 30 29 If you died tomorrow, would
your family be able to continue without hiring help for services
like child care, elder care or housekeeping? Slide 31 30 Does your
family have the resources it needs to provide for future
emergencies or higher education? Slide 32 31 Do you have a plan to
pay all your debts, like mortgages, car loans, or credit cards?
Slide 33 32 Do you have coverage for long-term care expenses? Slide
34 33 Can you afford to leave a legacy? Slide 35 34 How much will
you need? Calculate the income you need: Annual income replacement
Years income is needed Slide 36 35 How much will you need? What
Else You Need to Cover: Immediate Needs Debts and Obligations Slide
37 36 How much will you need? Calculate how much you need: Annual
income replacement x Years income is needed + Cash for immediate
needs + Debts and obligations - Total available funds Estimated
life insurance needed Slide 38 37 Types of life insurance Universal
Life Term Variable Universal Life Survivorship Whole Life Slide 39
38 Universal Life Flexible premium payments Adjustable death
benefit coverage Tax-deferred growth on policy value Access to
policy cash values through loans and withdrawals Lapse protection
guarantees the policy death benefit for the duration of the
guarantee and does not cover cash or surrender value. Loans,
withdrawals, and other policy and premium changes will affect the
cost and length of protection. Failure to make premium payment as
planned may cause the policy to lose lapse protection and premiums
required to restore it could be significantly higher. Refer to the
policy and endorsements for complete terms, conditions, and
limitations. Slide 40 39 Term Provides coverage for a specific
period of time Generally less expensive than permanent insurance
Primarily for income protection, mortgage protection, or to cover
education costs or other debts Slide 41 40 Variable Universal Life
Flexible premium payment options to fit your situation Builds cash
value on a tax deferred basis Designed to provide life insurance
protection with an element of long-term investment Variable
universal life insurance involves the risk of investing in stocks,
bonds and other securities, including market, interest rate and
credit risk and loss of principal. If the investment performance of
underlying investments is poorer than expected (or if sufficient
premiums are not paid), the policy may lapse or not accumulate
sufficient value to fund the intended application. Investments in
variable universal life insurance policies are subject to fees and
charges from both the insurance company and the managers of
underlying investments. Loans and withdrawals may negatively impact
policy value, investment performance, death benefit, and any Lapse
Protection. Slide 42 41 Survivorship Life Insures two people,
usually a couple. Paid upon the death of the second person. May be
more affordable for a couple than two separate insurance policies.
Slide 43 42 Whole Life The simplest form of permanent life
insurance. Protects you for your entire life. Guaranteed premiums,
death benefit and cash value. Slide 44 43 Compare Insurance Types
Universal Life Term Variable Universal Life SurvivorshipWhole Life
Death Benefit Designed for low cost Access to your money Guaranteed
cash value Market Participation Tax advantages Flexible payments
Slide 45 44 Getting Started Estimate your life insurance needs with
materials provided After you have reviewed your situation, your
advisor can help you determine your next steps. Slide 46 45 Video
link provided by The Life Foundation:
http://www.lifehappens.org/legacy/
-http://www.lifehappens.org/legacy/ Slide 47 46 PROTECTING YOUR
FUTURE A Womans Guide to Life Insurance Slide 48 47 Questions and
Answers Slide 49 48 Important Information This presentation is
intended as general educational information about insurance and its
importance in the lives of women. It is not intended to represent
or promote any specific products or services offered by Protective
Life. For information about Protective Life's products and services
contact your insurance or financial representative or contact
Protective Life directly at 1-800-866-9933 or www.protective.com.
Protective or Protective Life refers to Protective Life Insurance
Company (PLICO) and its affiliates, including Protective Life &
Annuity Insurance Company (PLAICO). Annuities are issued by PLICO
in all states except New York and in New York by PLAICO; securities
issued by Investment Distributors, Inc. (IDI) the principal
underwriter for registered products issued by PLICO and PLAICO, its
affiliates. All companies are located in Birmingham, AL. Protective
Custom Choice UL (UL-22) is a universal life insurance policy
issued by Protective Life Insurance Company, Birmingham, AL. Policy
form numbers, product features and availability may vary by state.
Consult policies for benefits, riders, limitations and exclusions.
Subject to underwriting. Up to a two-year contestable and suicide
period. Benefits adjusted for misstatements of age of sex. In
Montana, unisex rates apply. The tax treatment of life insurance is
subject to change. Neither Protective Life nor its representatives
offer legal or tax advice. Purchasers should consult their legal or
tax representative regarding their individual situation.
