HomeCertain. Point-of-Sale Flip Chart. It Can be Used to Pay Your Mortgage if You Die Refunds All Your Money if You Live

Transcription

1 HomeCertain SM Point-of-Sale Flip Chart It Can be Used to Pay Your Mortgage if You Die Refunds All Your Money if You Live Insurance if You Need it Assurance if You Don t ADLF F I D E L I T Y Rev & G U A R A N T Y L I F E I N S U R A N C E C O M P A N Y

2 Losing Your Home is a Real Risk Every year, many families lose their homes. The reason... They fail to protect this important asset from Death Critical Illness Disability Unemployment They find they do not have enough money to pay bills and taxes to clear the estate, or there is not enough income to support the family and home. It can happen to YOU. The 1999 age-adjusted death rate for the United States was deaths per 100,000, a 0.7 percent increase from the 1998 rate. * One out of every four American deaths is due to some form of cancer. ** For persons aged 15 years and over, a total of 5,651 deaths were reported on death certificates due to injuries at work. *** One out of every ten American workers will become unemployed this year for a week or more. Most will remain unemployed for more than 13 weeks. **** *National Vital Statistics Report, Vol. 49, No. 8, September 21, **National Cancer Institute, October ***National Vital Statistics Report, Vol. 49, No. 8, September 21, ****Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey,

3 Don t Take a Chance on Losing Your Home It is easy and affordable to secure your family s future and their home. HomeCertain: Easy, affordable life insurance protection for your family s future Funds can be used to pay off the mortgage or other debts Income to support your family Money to pay bills and estate taxes HomeCertain represents a commitment on our part to provide assurance and security at a time in your life when you need it the most. Harry Stout, President Fidelity & Guaranty Life Insurance Company 3

4 The HomeCertain Advantage Upon Death - HomeCertain provides a death benefit that can be used to pay off your mortgage balance, leaving your family without payments and in their own home. Upon Disability - HomeCertain can provide a monthly benefit roughly equal to your mortgage payment for up to two years. Upon Critical Illness - HomeCertain can provide a lump sum payment if the insured is diagnosed with a covered critical illness. It is suggested that a benefit equal to months of mortgage payments be purchased; however, a benefit can be purchased up to 100% of the base policy face amount.* *Certain states only allow for a lump sum payment of up to 50%. Full rider benefits cannot exceed $250,000. The rider may not be available in all states. Upon Unemployment - HomeCertain pays the coverage premium while the insured is unemployed - for up to six months! 4

5 But What If I Never Need the Protection? What Happens to My Premiums? Choose HomeCertain s Money Back Rider and GET ALL YOUR PREMIUMS REFUNDED AT THE END OF THE COVERAGE TERM! That s right. HomeCertain can refund all of your premiums if you never use a protection feature of the product! Even if you use some of the features but don t die, you will still receive a refund of the premiums, minus the amount paid out in benefit if the policy ends after the 6th policy year. 5

6 A HomeCertain Example: Mr. and Mrs. Stone (both age 35 and nonsmokers) have decided to protect their family s future with a HomeCertain level term policy. The Stones also have a 30-year fixed mortgage and have requested a $100,000 HomeCertain policy. They have four convenient options to choose from. HOMECERTAIN (OPTION #1) HOMECERTAIN (OPTION #2) $43.38 Life Insurance Protection for 30 Years Unemployment Protection for up to 6 months Accidental Death Benefit of $50,000 $54.18 Life Insurance Protection for 30 Years Unemployment Protection for up to 6 months Accidental Death Benefit of $50,000 Refund of All Premium (Premium Refund of $19,505) HOMECERTAIN (OPTION #3) $89.28 Life Insurance Protection for 30 Years Unemployment Protection for up to 6 months Accidental Death Benefit of $50,000 Refund of All Premium (Premium Refund of $32,141) Disability Protection* HOMECERTAIN (OPTION #4) $ Life Insurance Protection for 30 Years Unemployment Protection for up to 6 months Accidental Death Benefit of $50,000 Refund of All Premium (Premium Refund of $38,837) Disability Protection* Critical Illness Protection** *Maximum Monthly DI Benefit (on basic insured only) - $1,500 ($1,500 x 24 months = $36,000 maximum in total benefits) **Critical Illness Benefit (on basic insured only) - $1,500 ($1,500 x 24 months = $36,000 paid in lump sum). Beginning at the end of coverage year six, an increasing percentage of premiums paid is refunded at early termination. Note: F&G Life offers a choice of payment modes. Payment modes other than annual result in higher premiums being paid. 6

7 What Do You Want in Your HomeCertain Policy? Death Benefit Sufficient to Cover Mortgage Balance or other debts Refund of Premium if Protection Isn t Needed Disability Protection Critical Illness Protection Accidental Death Protection Unemployment Protection Other Insured Protection Ultimate Income Distribution Children s Protection Note: The Child s Rider, the Critical Illness Rider, the Ultimate Income Rider, the Unemployment Rider, the Accidental Death Benefit Rider, and the Waiver of Premium Rider coverages only apply to the primary insured. Let s Talk About Your Needs, and Your HomeCertain Policy... 7

8 HomeCertain SM Protection when you need it; a refund if you don t! 8

9 About F&G Life Fidelity & Guaranty Life Insurance Company - headquartered in Baltimore, Maryland - offers a diverse portfolio of annuities and life insurance products to help families and businesses achieve secure financial futures. Incorporated in 1959, we are licensed in 49 states and in the District of Columbia. In New York, products are available through a wholly owned subsidiary. F&G Life is a member of the Old Mutual plc group of companies. Founded in 1845, the London based Old Mutual is active in life insurance, asset management, banking, and property and casualty insurance. Old Mutual maintains its primary listing on the London Stock Exchange (LSE: OML) and ranks as a FTSE 100 financial services group. As one of the first members of the Insurance Marketplace Standards Association, we subscribe to a strict set of standards that confirm our commitment to honesty, fairness, and integrity in every aspect of the sales and service of life and annuity products. 9

10 Consider all the facts, then make your own decision. F&G Life offers term life insurance products with different product features, benefits, and charges, including different term durations, issue ages, guaranteed premium periods, and underwriting classifications. For all of the details about the dynamic HomeCertain from F&G Life, contact your licensed sales representative today, us at or visit us on the World Wide Web at Of course, as with any other insurance product, when you select a life insurance policy, you must carefully consider your own financial situation and the many alternatives available to you. No single life insurance product design may have all of the features you find desirable. Therefore, it is important to understand the features available so that you can make the best decision for you and your family. Not a deposit Not FDIC insured Not insured by any Federal Government Agency Not guaranteed by a financial institution (such as a bank, savings association or credit union) The financial institution may not condition an extension of credit on the consumer s purchase of an insurance product or an annuity from the financial institution or any of its affiliates. The consumer is free to purchase the insurance product or annuity from another source. This product is offered on a group or individual basis as determined by state approval. Individual Policy Form: FGL MLT-U (9-98); FGL MDT-U (10-98); et al. Certificate Form: FGL MLT-U-C (9-98); FGL MDT-U-C (10-98); et al. Terms and conditions are set forth in the Group Policy Number: FGL MLT-U-P (9-98); FGL MDT-U-P (10-98); et al, issued to the Trustee of the F&G Group Insurance Trust, Wilmington, Delaware. It is subject to the laws of the state in which it is issued. A certificate of coverage will be issued to persons who become insured under the plan. Comments contained in this brochure reflect our understanding of the current tax law treatment of this type of contract. Since the laws are subject to different interpretations and possible changes in the future, we recommend that clients consult their own tax advisors. This document is not a legal contract and descriptions of policy provisions are only partial. For exact terms and conditions, please refer to the policy. The policy, riders and/or certain features of the policy and riders may not be available in all states. Policies are issued by Fidelity and Guaranty Life Insurance Company, Baltimore, Maryland.