Samantha, 30, was recently divorced. She now lives with her daughter in their home in Des Moines, Iowa. She juggles raising Emily with working full time as a marketing manager, where she earns $62,000 per year.
Samantha wants peace of mind that Emily will be taken care of if she were gone. She’s interested in the stability of a permanent life insurance policy, but needs it to fit within her tight budget.
Samantha scheduled a phone consultation and bought a $50,000 Permanent Whole Life Insurance policy and added a Level Term Rider, which provides $200,000 in 20-year term coverage.
Her Whole Life Insurance policy gave Samantha the guarantees she was looking for, along with increasing cash value and potential
yearly dividends to the age of 120.
The rider offers the larger death benefit she needs while she’s raising Emily. In the future, Samantha has the option to convert all or a portion of the term rider to a permanent solution.
So to recap:
We found Samantha a $58.29 Rate Policy based on a 30yr. old, Female,
Select Non-Tobacco Rate with a $16.01 Level Term Rider for a total of $74.30 /mo.
At WFGInsuranceQuotes.com we understand how challenging providing for and protecting your family can be. Contact us today and let us help put together a customized solution just for you.