Page 37 - The Technician October-November 2017 Flip Book

A $125,000 Life Insurance Policy Creates a $250,000 Pool of Money for Home Health Care, Assisted Living and Nursing Home Expenses
Life Insurance Purchased EXAMPLE:
$125,000
If Death Occurs EXAMPLE:
You die and $125,000 is paid to your beneficiary
What Happens if You Die While Receiving Payments under the Living Benefit Rider?
EXAMPLE:
If you received $36,000 in benefits of the $125,000 life insurance policy and then die. Your beneficiaries would receive the balance of $89,000.
Is There Any Life Insurance Left? YES!!!
If you die anytime during or after you have exhausted the Extension of Benefits Rider, your beneficiaries will receive 25% of the life insurance policy amount.
EXAMPLE:
Your beneficiaries would receive $31,250.
If You qualify for benefits under the Living Benefit Rider
You are unable to perform 2 of the 6 activities of daily living or have a cognitive impairment.
• Transferring • Toileting
• Eating
• Bathing
• Continence • Dressing
A $125,000 Life Insurance Policy Creates a Pool of Money for Up
to $250,000 that can be used for Nursing Home, Assisted Living Facilities, Home Health Care, or Adult Day Care
If Receiving benefits under this rider, 4% of the Benefit Amount is Paid Out for up to 25 Months
EXAMPLE:
The Policy would pay out $5,000 a month for 25 months for nursing home, assisted living facility, home health care and adult day care expenses.
What If You Still Need Care After 25 Months?
Then the Extension of Benefits Rider Is Activated - Extending benefits up to an Additional 25 months for Nursing Home, Assisted Living, Home Health Care or Adult Day Care Expenses.
EXAMPLE:
The Extension of Benefits Rider provides up to an additional $125,000 of benefit. The payout process is the same as above, 4% of the death benefit amount.
90 Day Waiting Period