Client Scenario
Brian is a 40-year-old electrician in Topeka, KS. He makes a living working with architects on commercial jobs. Brian and his wife have a household income of $105,000 and one child at home. They have worked hard to make sure their retirement years are golden by putting all they can into savings and their 401(k)s. Brian’s annual salary is $60,000.
Occupation Class: 2A | Non-smoker
Concerns
Owning a home, the most common way Americans build wealth, is something Brian and his wife have achieved. They have 20 years left on their $175,000 mortgage. If Brian was unable to work due to an accident or illness for an extended period, their savings would be depleted quickly.
Solution
Brian is not easily sold but ensuring he can pay his mortgage is a key part the conversation. Brian applies for Income Protection Disability Insurance with Accident & Sickness coverage with a $690 weekly benefit amount up to 26 weeks with a 14/14 day elimination period. To round out coverage, a Guaranteed Insurability Rider allows him to increase coverage as his income does without any additional underwriting.
$80.44 Total Monthly Premium
for his Income Protection Accident & Sickness policy with rider.
