CASE STUDY: MEET CARLOS
Age 50 | Preferred Non-Nicotine
Carlos is a 20-year fire department veteran who’s spent most of his career putting others first. But now he’s finally pausing to evaluate his own future needs and those of his family.
Carlos has term life insurance through the city he works for, but he realizes:
- If he passes, his current coverage is insufficient to pay off his debts and help his family maintain their standard of living.
- When he retires, the term life insurance the city pays for will terminate.
- With retirement in the near future, he wants guaranteed* death benefit protection plus the ability to accumulate cash value he can tap into during retirement.
Carlos’ financial professional does his research, locating an IUL (indexed universal life) insurance policy offering the lowest premiums among several carriers, with a low-charge policy design, strong guarantees* based on the financial strength and claims-paying ability of the life insurance company providing the policy, and the opportunity to build cash value based on policy terms.
With this IUL policy, Carlos anticipates:
- An annual premium of $7,930, the lowest premium available from the companies he considered.
- Initial death benefit protection of $1 million.
- Strong cash value accumulation potential of $192,452 in year 20.
*Guarantees based on the financial strength and claims-paying ability of the life insurance company providing the policy.
Premium rates will vary. If you would like a custom case study created for your client, please email us at CaseDesign@thequantum.com. We are more than happy to help you!
Working as an interface between our advisor partners and life insurance carriers, Tyler Perry does everything he can to speed up, facilitate, manage the paperwork, obtain required signatures, and shorten the process required to get life insurance policies issued and placed in force for our advisors.
