Type of Coverage |
Purpose |
Amount Parameters |
|
Income Continuance |
Replacing the flow of funds required to maintain current standard of living in the event of a critical illness |
Age
56-60 61+ |
Multiple of Income 7 x 5 x 3 x |
Key Person |
|
5 x Salary if under age 60 |
|
Buy/Sell |
Provide funds for remaining partners to purchase proposed insured's shares in the event of a critical illness |
Current FMW x % of insured's shares |
|
Creditor |
Repay outstanding debt in the event of a critical illness |
Loan amount |
- Advisors
- Retail Advisors
- Group Plan Advisors