Life Insurance & Annuities

David Schwartz age 31 & Sarah Schwartz age 29 (Non Smoker -Newlyweds) with a 1year old baby and a 30 Year Mortgage on their $400,000 new home. We selected Midland’s 30 Year $500,000 Term Life Policy for both of them, and placed a 26 Year $10,000 Child Rider on Sarah’s policy to cover the baby and future children, until they graduate from College.

Premiums: David’s - $36.96/Month Sarah & Children- $34.76/Month.

Should one spouse pass, the mortgage on the house can be paid off, with cash left over for College Tuition and other living expenses.

James O’Connor age 65 & Susan O’Connor age 65 (Retired - Non Smokers).

This retired couple could not afford to purchase “Long Term Care”, while paying College Tuition for their two children. They came to us looking for a product with: (a) A guaranteed death benefit and (b) An accelerated death benefit feature that would cover “Terminal or Chronic Illness”.

We recommended Midland’s XL Heritage Indexed Universal Life Policy.

For James & Susan, their $100,000 Single Premium Discretionary Money, each grows to $125,000 in 20 years, with a guaranteed death benefit of $187,000 on Day 1 for Susan, and $168,000 on Day 1 for James. The Policy also has a feature that will allow them to withdraw (5% to 24%) on the election date, in the event of a Chronic Illness and (10% to 90%) in the event of a terminal Illness.

We also helped Mrs. Mary Johnson age 63 (nonsmoker-recently widowed) and on a “fixed income”, who did not want to burden her children with her “final expense”. We selected Columbian’s $10,000 Whole Life Policy, with an affordable premium of $38.46 per Month.

Jose Garcia age 54 on Disability with some serious health issues: (Insulin Diabetes, Heart Defribulator, and Cancer Survivor) and “No Life Insurance”!

(His previous life Insurance applications were denied - due to poor health).

Because of his “Low Income”, we encouraged Jose to apply for Medicaid QMB. Jose was approved, so the State of MO picked up his $134 Part-B MEDICARE Premium, allowing him to see an increase of $134 in his monthly Income. As a QMB recipient, we were able to enrolled Jose into a Dual Special Needs (DSNP) MEDICARE Advantage Plan: With a $0 Monthly Premium, $0 Co-Pay for Doctors Visits, Free Diabetic Supplies & Diabetic Shoes, and a host of other free benefits like: Dental, Vision, Hearing, Silver Sneaker Fitness, and $58/ Month Over the Counter benefits.

Finally, with the additional $134 Monthly Income, we enrolled Jose into a Columbian Life $10,000 Guaranteed Issue Whole Life Insurance Policy (No Medical Questions) with an affordable Premium of $66.21 Per Month.