Life insurance as an asset and health insurance tool

I cannot leave a big house for my children and my grandchildren, so I bought a life insurance that they can use as down payment to buy their own house should the good Lord calls me. Life insurance is an asset with a value that is worth it. If I have health issues such that I cannot perform 2 out of 6 ADLs (assistance in daily living), I can count on my life insurance with living benefits to be able to access about 80% of the death benefit during a chronic, critical or terminal illness. I could not afford a long term care insurance but I can with an index universal life insurance from Mutual of Omaha, Transamerica and 3 more carriers.

When you think you are ready to have peace of mind should you need to access some of the benefits of the many kinds of life insurance that is available, contact Connie Dello Buono, CA Life 0G60621 at 408-854-1883 , connie@connielifeins.com

http://www.lifeinsurance4women.com

Now is the time to make sure you’re prepared when illness strikes at 50, 60 or 70

Life insurance now covers accidents , lost income, disability, critical illness, chronic illness, terminal illness, long term care and access to your death benefit during illness.

Make your life insurance be your health insurance tool.

Life insurance is leaving a legacy that is worth more than a house

Let your life insurance be an important asset to pay for your home loan balance and assets (education, lifetime retirement income)Link Life insurance as a legacy and an asset worth every penny.

AIG Final Expense Life Insurance

AIG final expense coverage is a guaranteed issue whole life insurance policy to cover burial or other funeral expenses.

Text 408-854-1883 for a field underwriter near you.

There are no health questions or any medical underwriting of any kind. Your acceptance is guaranteed.

Since it’s a whole life policy, the way it works is very straightforward.

  • Coverage can never decrease
  • The policy can’t expire at any age
  • Premiums can never increase
  • Non-cancellable except for non-payment

That’s all there is to it. Your policy will literally never change. Only you can change it.

Want to see a consumer brochure? Click here if so.

AIG Guaranteed Issue

Since the policy is a type of life insurance, upon your passing AIG will cut a tax-free check for the payable face amount directly to your beneficiary.

There’s no rules or restrictions regarding how the money is used.

The whole idea is that every funeral home in America will take cash. The policy gives your family the money needed to pay for your end of life expenses. If there’s money left over, it would simply stay with them to enrich their lives as they see fit.

Whether you need insurance to cover a cremation or burial, AIG’s guaranteed issue whole life plan will provide the funds so your family won’t have to.

AIG Final Expense Insurance Product Availability

As is the case with all insurance, this AIG burial insurance policy has limits on the amount of coverage you can buy, and where it’s sold.

  • States Offered: All 50 & DC except NY
  • Issue Ages: 50-85
  • Face Amount Options: $5,000- $25,000
  • 2 Year Waiting Period: Yes
  • Purchase Options: Through independent agencies such as Choice Mutual or from AIG Direct (there’s no difference in price regardless of who you buy from)

A Standard Waiting Period

AIG Guaranteed Issue

Because their policy is guaranteed acceptance, it has a two-year waiting period before the policy will pay out a death benefit.

This is important

All guaranteed issue final expense policies (with any company) will have a minimum two-year waiting period. There’s no such thing as a no health question policy with 6 month or a 1 year waiting period. It’s always at least two years.

So during the first two years, AIG will refund all premiums you’ve ever paid plus 10% interest. After two years, the policy will pay out the full face amount for any reason moving forward.

There is one exception to the waiting period however…

The one exception to the two-year waiting period is accidental death. If you pass away from an accident (car or plane crash, a tree falls on you, etc) the full amount will payout even if the accidental death occurs during the first two years.

AIG Burial Insurance Has Living Benefits

AIG guaranteed life insurance is the only guaranteed issue final expense carrier that offers living benefits with their policy.

AIG Guaranteed Issue

Please Note: Any policy sold in CA will not include either rider, and the terminal illness rider is not available in District of Columbia.


They include, at no extra charge, these two riders on every policy.

  • Terminal Illness Rider: If you are ever diagnosed with a terminal illness and given a life expectancy of 24 months or less, you can access up to 50% of your death benefit early. This rider is only available after the two-year waiting period has passed.
  • Chronic Illness Rider: Allows for a one-time lump sum payment if the insured becomes chronically ill (cannot perform 2 out of 6 activities of daily living).

Again, both of these riders are included with every policy. You do not have to pay extra for them.

There is no other guaranteed issue policy that offers any living benefits. Pretty cool huh 😃.

AIG Guaranteed Issue Whole Life Rates

Below are actual prices for AIG guaranteed acceptance final expense insurance.

The cost of burial insurance depends on a few variables. Please remember your final insurance price will depend upon the following criteria:

  • Your exact age
  • Gender of the insured
  • Face amount selected
  • Resident state of the insured

Oh and don’t forget

You are not limited to these face amounts. AIG will allow you go purchase any whole number between $5k and $25k. For example, you could buy $7,000, $13,000, $22,000 etc.

Female Rates

AGE$5,000$10,000$15,000$20,000$25,00050$18.92$35.83$52.74$69.66$86.5755$20.93$39.86$58.78$77.71$96.6460$23.57$45.14$66.70$88.27$109.8465$28.26$54.51$80.76$107.02$133.2770$36.21$70.41$104.62$138.83$173.0375$48.91$95.82$142.73$189.63$236.5480$68.56$135.12$201.69$268.25$334.8185$103.10$204.20$305.31$406.41$507.51

Male Rates

AGE$5,000$10,000$15,000$20,000$25,00050$26.96$51.92$76.89$101.85$126.8155$29.25$56.50$83.74$110.99$138.2460$32.58$63.17$93.75$124.33$154.9265$37.55$73.09$108.64$144.18$179.7370$47.57$93.14$138.71$184.28$229.8575$63.25$124.49$185.74$246.98$308.2380$88.57$175.15$261.72$348.30$434.8785$150.43$298.86$447.30$595.73$744.16

When It’s A Good Idea To Buy This AIG Policy

Make no mistake, AIG guaranteed issue final expense offers a very competitively priced no health question plan. For folks who truly need or want a no health question policy, it’s often a superior choice relative to the options out there.

But here’s the deal…

There are only certain situations where AIG’s guaranteed policy is your best option. This policy is not right for everyone. AIG isn’t a like Alex Trebek life insurance or AARP burial life insurance where it’s a bad option all around. For some folks, it’s a great deal.

Take a look at the list below. These health situations are generally when someone should buy a guaranteed issue policy which would mean AIG is a great option.

cremation insurance

This list isn’t completely exhaustive, but it does represent a vast majority of the reasons why someone would be best served by a guaranteed acceptance life policy.


Insider Tip: if you don’t have any of these health conditions, you can probably qualify for a plan with underwriting. That will result in a plan without a waiting period and a lower premium. Call us at 1-800-644-2926 and one of our agents will figure it out for you in less than 60 seconds.


Bottom line?

If none of these situations apply to you, you probably shouldn’t buy a guaranteed issue plan. You should instead try for a policy with underwriting. Just call us and we’ll find you one 😎.

However should you have some of these health issues, AIG is likely your best bet, and you should sign up now.

  • Currently confined to a nursing home, hospice care, hospital, or any medical facility
  • Alzheimer’s or dementia or ever taken any drugs to treat memory problems
  • Dialysis
  • Been advised to have an organ transplant
  • Full blown stroke within the last 12 months (TIA mini stokes don’t count)
  • HIV or AIDS
  • Insulin shock or diabetic coma within the last 24 months
  • Heart attack within the last 12 months
  • You’ve had or been treated for cancer in the last 24 months
  • Terminal illness with a life expectancy of 24 months or less
  • Heart or circulatory surgery within the last 12 months
  • ALS
  • Congestive heart failure with diabetes
  • Amputation due to diabetes within the last 24 months

From Life Insurance to Caregiving Services

Life Insurance Services 408-854-1883

  1. Final expense plan to pay for funeral expenses
  2. Mortgage protection plan to pay for loan balance with return of premiums, disability and chronic/critical illness benefits
  3. Fixed Index Annuity as your lifetime retirement income and safer than your 401k, fees are less, taxes are less, avoids probate, with rate of return with no downward market participation

Motherhealth Caregivers 408-854-1883
Alzheimers, Parkinson, ALS, stroke, diabetes, bed-bound, home-bound, bay area , seniors who needs home care from trained and monitored caregivers in the comfort of your home, text 408-854-1883 for faster response

Hear from our current and past clients about our dependable team for consistency in home care.

Motherhealth, is licensed and bonded at http://www.clubalthea.com serving the greater bay area. Caring and affordable to fit your budget and home care needs. Caregivers deliver above and beyond to include assistance in daily living, pet care and light housekeeping. We accept long term care insurance or private pay.

Serving the greater bay area since 2004 Discounts for Peninsula, Redwood City, East Bay, Contra Costa, San Jose

Free ebook on Cancer roots and causes and prevention. Free massage oil for pain relief. Free senior home care consultation. Free referrals to estate planners and health coaches.

Fire your boss, own a business now, financial planning for CPA, insurance agents, health care pros and realtors

As a CPA, your clients would ask you to help them allocate thier idle money and have health and asset protection.

As a realtor, your clients wants your opinion on how to protect their house should a health threat occur or income loss.

As an insurance agent, you wanted to be a builder and not just a salesman to be able to do business long term as non-captive owner of your own agency.

As a doctor, you understand that health threats can wipe out your savings, income, estate and future pension.

As a health care pro, you wanted to be protected from health threats and a retirement income for a lifetime during old age and in sickness.

As a bay area pro, you wanted to retire early and not work 2 or 3 jobs to earn a living.

You can create your own business. Be creative. Start your own business.

My business is financial planning and your referrals are much appreciated for anyone needing a permanent life insurance with cash accumulation and returns from 6% or more.

Call Connie Dello Buono CA Life Lic 0G60621 motherhealth@gmail.com for one on one session for an hour for free on finance, health and business coaching.

Stop your losses from your 410k, stock market and other investments.

 

 

Earn $5000 per month for 40 years tax free with health benefits

38 female in cal tax free lifetime income retirement at 8percent

Save $8500 per year starting the age of 38 yrs old for 30 years and receive $5000 per month as retirement income tax free with health benefits, access to funds during health threats: cancer,stroke or disability.

Stop waiting to be a lotto winner. There is another way. Start saving electronically each month. Increase your deductions. Call Connie Dello Buono CA Life Lic 0G60621 at 408-854-1883 motherhealth@gmail.com

 

What is full living benefits or accelerated benefits riders? How I help those with cancer,stroke or disability in their finances

Terminal and critical illness rider free (no added cost). Only one in few financial service companies who offers access to funds (not from the cash value) when cancer, stroke or disability occurs.

Your conventional health insurance, missed the most important issue..YOU.

When you are sick, the coverage is paid to the health institution and not YOU, in your pocket.

This brings about a false sense of security since the conventional health coverage covers only doctors, pharmacies and hospitals.

During health threats, you may lose your income and ability to make money. With full living benefits, you receive a sizeable amount into your bank account while you are still alive, you receive these living benefits and not from your death benefit.

Full living benefits with NLG/LSW means that there are less limitations such as coverage for terminal only for advance cancer. You receive from $100k to $1.5M depending on the face value of your IUL policy whether you have stage 1, 2 or invasive cancer.

Peace of mind in knowing that should health threats occur, you are adequately supported financially as you receive these benefit rider which is your health protection in addition your current health insurance.

When you are stressed while being sick, financially broke, your immune system is in jeopardy exposing you to variety of outside health threats. Only one percent of the nation’s population is insured with living benefits and entitled to received their living benefits either in monthly payment or lump sum of money which actually contributed to the faster health recovery and improved quality of life.

Call Connie Dello Buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com