18 in 1

All tribal employees and citizens need this new and improved low cost option.

Enhance Benefits and Improve Morale by providing a “living benefit” package that provides income tax free cash if the insured suffers a covered illness. This policy provides unrestricted income tax free cash to help protect incomes and outcomes.

Here are the benefits:

Insured does not have to die to receive income tax free cash if the insured suffers:

  • Major heart attack or stroke
  • Arterial aneurysms
  • Invasive cancer
  • Major organ transplant
  • End stage renal failure
  • ALS or MS
  • Blindness
  • Burns over 40% of the body
  • Paralysis
  • Loss of limbs
  • Coma
  • Central nervous system disorders
  • Loss of 2 of the 6 ADLs (activities of daily living)
  • Loss of mental faculties or Alzheimer’s
  • Terminal illness diagnosis with life expectancy of 24 months or less
  • Traditional death benefit

These benefits can be provided on either a simplified issue or through the Underwriting Express program.  Both programs are non-med, however the carrier can request a medical exam.  Neither of these programs are “guaranteed issue” and it is possible that someone could be denied coverage.

These plans are invaluable as they are reasonably priced and can be issued as term, universal, indexed universal, or traditional whole life.  The permanent plan designs can provide the ultimate living benefit, income tax free retirement income.  All funds received either as retirement income or benefits received under any of the living benefit triggers, are delivered directly to the insured AND the funds can be used without any restrictions.

For more information about these valuable concepts, contact:
J.T. McDonald — 608.516.1956

18 in 1 June 28, 2016