Whole Life Insurance
challenge
Tom is a young professional, he does not have a large need for Life Insurance, but does realize that could change down the road.
Once he realized the advantages to starting a plan earlier, his age and health working in his favour, he was willing to look into some options.
solution
To take advantage of this we recommended a plan with premiums that would remain level and given the choice he would prefer a condensed period of paying premiums. He also would prefer a plan that would provide for a hands off approach with a savings element attached.
In this situation, a 20 pay (premiums stop after 20 years) Whole Life plan with a financially stable company and with a proven history of dividend performance was recommended.
results
- After showing Tom how the cash values of the plan will grow significantly to the point where at retirement they can be used as collateral to allow for tax-free loan payments to supplement his other retirement planning.
- The death benefit has also grown to still be able to provide for repayment of the loan as well as a tax free payment to his estate.
Did you know that “bundling” insurance can save you much more and provide better claims coverage?
We dealt with another company for years. We called Strums as we were having trouble receiving the correct paperwork. Strums reviewed our policies, discovered we were missing coverage that we thought we had. We were glad Strums were there for us. Thank you.
Unlike other insurance agents, Strums took the time to identify my needs on my time. I recommend Strums to anyone looking for intelligent answers about insurance. Thank you Strums.
After weeks of searching a friend referred me to Dannie. It was so nice to talk to him as he was so friendly and upbeat and very professional. He was able to find us coverage in a matter of days and we are very happy with the service we received! It was so nice to be treated like real people not just customers bringing in money.
I used to buy my insurance from an 800 number, an accident changed that. The people at Strums answered all my questions, had the claim settled, and I didn’t receive voicemail once!
I have been a client for 26years. I have always received competitive prices, and the service has been second to none. All my family has their insurance at Strums.
Sydney, is super knowledgeable and gives you all the available options. She’s always quick to respond and greets you with a smile.