Case Studies

Case Study 1

Clients Challenge: Judy and Mark purchased a 30-year term policy at age 30 to protect them in the event of death while raising their two children. If Critical, Chronic or Terminal illness presented itself, there would be no coverage for these conditions with traditional Death insurance.

Living Benefits Implementation: Mark and Judy were introduced to the practicality and affordability of Living Benefits Technology. They replaced their Traditional Death Insurance for Living Benefits Technologies that did cover Critical, Chronic and Terminal illness at no additional cost to the policy.

Result: Judy has lived with Multiple Sclerosis (MS) for the past several years, and now needs assistance with everyday living activities. At age 48, they exercise the chronic illness benefit, giving them Non-Taxable money to make modifications to their home to accommodate a wheelchair and to help pay for home health care.

Case Study 2

Clients Challenge: Eduardo and Gabriella, both in their 30s, wanted to have coverage on their health in the event of Critical, Chronic or Terminal illness through the most important working years of their lives. The cost of individual coverages was not cost effective to purchase.

Living Benefits Implementation: Eduardo was introduced to the cost effectiveness of Living Benefits Technology, extending coverage across the full range of their health concerns.

Result: Eduardo and Gabriella replaced their Old Technology Death Insurance with Living Benefits Technologies. They decided on $500,000 coverage amount each for a 30-year term at age 30. At age 40, Eduardo becomes critically ill and requires a kidney transplant. He was off work for several months and exercised the Non-Taxable Benefit to help pay medical bills, the mortgage and other daily expenses. By accessing this aid it reduced house hold stress and allowed more attention to be focused on personal recovery.

Case Study 3

Clients Challenge: David and Mariah wanted to obtain a tax advantaged saving vehicle for their child Sarah Age 5 that would be of financial benefit throughout her entire life, as well as serving as an inheritance vehicle to leave her heirs at the time of death; thereby benefiting future generations to come with a healthy jump start in life. David and Mariah did not know what this savings vehicle would look like to accomplish their goal of benefiting Sarah and future heirs.

Living Benefits Implementation: David and Mariah were educated on how Living Benefit Technologies both met and exceeded their requirements for their daughter Sarah and future heirs.

Results: David and Mariah utilized a Living Benefit savings vehicle for Sarah starting at age 5. For example, Sarah’s Living Benefits saving vehicle would allow her to draw from it by age 31 for a down payment for her first house, as well as at an earlier retirement age of 58 for the remainder of her life. Her income stream would also be Tax Free income. Most importantly, she would also be able to use her account should a Critical, Chronic, or Terminal Illness arise. When Sarah would eventually pass away she will be able to leave her heirs Tax Free inheritance thus meeting her parents request for future generational wealth accumulation.

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