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How many times have you found yourself trying to calculate exactly how much life insurance your clients need?  Field underwriting, along with conducting a proper needs analysis, are important steps to take to make sure your clients can qualify for the coverage they need, and then get adequately protected.

Protective Life has got you covered with its Income Provider Option. Not only will it simplify your needs analysis, but it will also allow your clients to obtain a low cost life insurance policy tailored to meet their exact wishes.

Here’s how it works:

Fill in these boxes and you just made and Income Provider Option sale. It’s that easy!

The number in the “Debt & Immediate Needs” box is the amount of insurance that will be required by the beneficiary immediately upon death of the insured. The “Income & Duration” box will contain the amount of income to be provided and the length of time the beneficiary will receive those payments.

Here’s where your clients win:

They win with lower premiums.

How? The part of the death benefit that provides the ongoing income stream will be discounted using a present value. Simply put – the client pays cost of insurance based on $1,022,400 and their beneficiary receives a total of $1,440,000 of death benefit over a 20 year period, as pictured in the example below.

Example: Male age 40, Preferred Non-Tobacco.

The Income Provider Option can create peace of mind for your clients – they will know exactly how the death benefit proceeds will be distributed to their beneficiaries. They also can be sure a guaranteed stream of income is provided to their loved ones, and immediate death benefit needs are taken care of, all while using the same product.

Your Life Sales Rep is ready to answer all of your questions about this rider, or any of the other great products we have to offer – contact us today.