Solutions for Families

At the Starting Line!

Tim and TerryVantis Velocity Term policy family scenario

Tim, 34, and Terry, 30, are partners. They have adopted a new baby boy, Trevor, now age 2. Tim is a salesperson and ex-basketball player. Terry is a pharmacist. Together they earn nearly $130,000. They just bought a $250,000 home and have a $190,000 mortgage. They also have about $5,000 in credit card debt and are paying off Terry's remaining school loans, which amount to $55,000.

Tim and Terry's Concerns:

  • Family income if either parent were to die prematurely
  • College education expenses for Trevor
  • Paying off or reducing the current mortgage
  • Paying off credit card and education loan debt

Recommendations:

  • Tim and Terry should each apply for a $500,000, 20 year Vantis Velocity Term policy
  • Since they are young and healthy and can afford a little extra, they might want one of the policies to return all of the premium at the end of the term (Vantis Velocity Term with Return of Premium (ROP)
  • For Tim, a 20-year Vantis Velocity Term policy with a $500,000 death benefit will only cost about $26/month.
  • For Terry, a 20-year Vantis Velocity Return of Premium (ROP) Term policy with a $500,000 death benefit will cost about $84/month.

For less than $110 a month, Tim and Terry can protect their family against financial catastrophe AND get the entire premium from Terry’s policy back after 20 years! That more than $30,000 they can use for Trevor’s college education!

 

Forties and Fine!

Phil & Joane

Phil, age 45 and Joanne, age 42, have been married for 16 years and have two girls, Jill and Becca, ages 12 and 10. Phil is an accountant and fly fisherman. Joanne is a part-time freelance writer and expert at Sudoku. They have 15 years left on their mortgage of $150,000, and they’ve just started a college planning account for their children. They have no credit card debt because they paid it off with last year's tax return! Their household income is $89,000.

Phil and Joanne's Concerns:

  • Family income if Phil or Joanne were to die prematurely
  • College education expenses for Jill and Becca
  • Paying off or reducing the current mortgage

Recommendations:

  • For Phil, a 20-year Vantis Velocity Term policy with a $600,000 benefit will cost $71 a month.
  • For Joanne, a 20-year Vantis Velocity Term policy with a $200,000 death benefit will cost $27 a month

For less than $100/month, Phil and Joanne can protect their family against financial catastrophe!

Speak with a licensed agent about your specific needs right now!