Life Insurance Proposal
Prepared for Allan Smith
BY KRIS ASLESON // kasleson@SCB.com
Introduction:
The Importance of Peace of Mind
Life is full of uncertainties, and we at SCB Insurance recognize that one moment can change everything. If you or a loved one were to pass on, how would your family handle funeral costs, debts and other financial obligations? These moments sometimes come unexpectedly, and that’s why we’ve prepared this proposal for you. We may not know what's in store, but we can always be financially prepared.
I like having life insurance to make sure that financial hardship doesn't follow a tragedy. SCB Insurance has always done a fantastic job for me and always answers all of my questions promptly and clearly.
-Fatimah Esparza
State of the Life Insurance Industry
Here at SCB Insurance, we realize that a life insurance proposal may seem like nothing more than a sales pitch. In reality, the current state of the life insurance industry proves that many people don’t have enough insurance. In fact, only 63 percent of Americans feel that life insurance is a necessity.
This is a surprising statistic, considering that everyone will have end-of-life expenses, and few people realize just how costly these can be. Fortunately, many people do realize how important life insurance is, and 30 percent of Americans even admit to not having enough coverage. There’s also the 19 percent of Americans who receive group life insurance through their jobs, but this is rarely enough to cover final expenses.
While 63 percent of the population recognizes the importance of having a life insurance policy in place, more than 40 percent have no life insurance at all. At SCB Insurance, we feel this is a modern-day tragedy that leaves far too many families struggling in a time of mourning. Because of this, we offer a variety of options so you can get the coverage you need at a price that suits you.
"So, why should you get life insurance?"
This short video below will help you understand the basics!
About Us
At SCB Insurance, we’ve spent years helping families prepare for and deal with the passing of loved ones. Our experts understand that discussing life insurance can be a difficult task, but we’re always here to help. We know one policy won't be right for everyone, and this is why we offer as many options as possible.
When you contact SCB Insurance, you’ll realize that we’re more than just an insurance company. You won’t be transferred overseas or forced to wait on hold for hours. We employ only the best in customer service and insurance agents, and when you speak to us, you’ll feel comfortable that you’re on the line with industry leaders.
It is our promise to constantly keep you informed on any changes or updates to your policy. We understand that life happens, so if your policy is ever in danger of lapsing or being cancelled, we’ll reach out to make sure you’re up to date on what’s going on.
SCB Insurance may be an insurance company, but it’s so much more. Speak with one of our life insurance experts today to find out what we can offer you and why other companies simply cannot compete with SCB Insurance.
Our mission is to protect what's priceless at a reasonable price.
The Life Insurance You Need
After our recent conversation, we at SCB Insurance composed a life insurance proposal policy letter that we think works best for you. This includes your basic policy along with optional riders that can further protect your family without undue financial burden. Term life insurance is the minimum we recommend, but for additional premiums, the riders mentioned below can be added to your policy. These provide further protection while allowing you to still invest in a low-cost policy.
Your recommended policy and riders are outlined below:
Popular Life Insurance Myths
Before requesting a {life insurance sample letter} you likely did a bit of research on your own, but reading the wrong websites can cause people to fall for the following common myths.
Myth #1 “Life Insurance Is Expensive”
Some policies are expensive, but 80 percent of people overestimate the cost of life insurance. A term policy is an inexpensive option and covers the insured for a certain period of time. A permanent life policy is a bit more expensive, but it can also gain value along the way.
Myth #2 “My Job’s Policy Will Follow Me”
Reading an employer’s life insurance proposal template may not make it obvious, but employer policies typically don’t follow a worker when they change jobs or get laid off.
Myth #3 “I Can’t Get a Permanent Policy If I Purchase Term Coverage”
With your term conversion rider, you can change to a permanent policy at any point. No additional medical exam required.
Myth #4: "A Return-of-Premium Rider Is Always Smart"
A return-of-premium rider will allow you to receive the all of your premiums back after your term period expires. This is an option, but you may be better off investing what you'd pay on the rider into stocks, mutual funds or other savings mechanisms. It's important to consider your portfolio before making this decision.
PRICING STRUCTURE
The following is our basic pricing structure at SCB Insurance. Keep in mind that we realize everyone has different needs.
By choosing all of our recommended riders, you will receive a discount on each. This proposal is specific to you. Contact us for questions on other available options.
Ready to get started?
You are on your way to a protected, more peaceful way of life.
Thank you for your time, and please don't hesitate to reach out to us with any questions!
Terms & Conditions
This {life insurance proposal template} does not constitute a policy. Any information contained herein is meant only towards its intended recipient. {Company Name} will always act in good faith.