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Life Insurance Agent - Financial Advisor | Jim Ngo - Ontario CA

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Using Life Insurance To Pay Your Student Loans

August 20, 2018

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Some People Choose To Work Until They Are Seventy

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Only Half Of Americans Have A Long-Term Financial Plan. Here's How To Get Started On Yours

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9 Personal-Finance Secrets Of Successful Wealthy People

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5 Legal Ways To Get Tax-Free Income For Retirement

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Advice On Finances After The Death Of A Spouse

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5 Tax Tips For Millennials - And Others Who Want Lower Taxes

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A One-Size-Fits-All Plan Won’t Give You Your Ideal Retirement

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Simple Strategy To Spend Safely In Retirement

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What Kind Of Investment Is A 702(j)?

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Private Placement Life Insurance Explained

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Life Insurance Can Be Part Of Your Wealth Building Plan

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Protect What is Important to You

February 21, 2018

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Discover the Flexibility of Life Insurance

February 21, 2018

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Estate Planning | Jim Ngo - Ontario, CA

January 18, 2018

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Living Benefits | Jim Ngo - Ontario, CA

January 16, 2018

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Lifetime Tax Strategy | Jim Ngo - Ontario, CA

January 16, 2018

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IUL Retirement Plan | Jim Ngo - Ontario, CA

January 16, 2018

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Family Life Protection | Jim Ngo - Ontario, CA

January 16, 2018

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Mortgage Protection

January 12, 2018

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Insurance Agent # 0K65318
Voice/Text: (909) 510-9479
Email: admin@jimngo.info

How Much Life Insurance Do I Need?

Start by adding your immediate, short-term, and long-term financial obligations, then subtract your assets. What's left is the gap that life insurance will have to fill.

Your Family's Expenses In Case Of Your Death

How much would final expenses cost your family?
Do you have credit card balances, car payments, lines of credit or any other personal debts?
How much would your family need to pay off your mortgage if you were gone?

Final expenses:

$15000

Outstanding debts:

$0

Outstanding Mortgage:

$0

Your Family's Income Need

What are your family’s living expenses?
How much would they need to continue without you - and for how long?
Do you plan to help pay for your children's college expenses?
Will your children be attending public or private school?

Your current annual income:

$0

Years to provide income:

0

College funding (per child):Current cost to put a child in a CA University is around $30K per year

$0

Number of child:

0

Your Savings & Retirement Accounts

Current Savings & Investment:

$0

IRA:

$0

Life insurance in force:

$0

Final Expenses & Obligations: $
Income Need: $
Current Savings & Retirement: $

What type of Life Insurance may be right for you?

To help you better understand which type of insurance might be right for you, take the short Product Selector Quiz, which will walk you through the decision-making process. While this interactive guide isn't meant to be a substitute for working with an insurance professional, it’s a great way to familiarize yourself with some of the issues you’ll need to think through in making this important decision.

How long will you need coverage?

Less than 10 years

10 years or more

In addition to wanting coverage for more than 10 years, do any of these features appeal to you?

Having lifelong insurance protection
Having premiums remain constant or stable over your lifetime
The ability to accumulate cash on a tax-deferred basis
The ability to withdraw or borrow against accumulated cash

None of the above interests me

Yes, one or more of these features appeals to me

Is the amount of money you can allocate to life insurance limited, or do you have some budget flexibility?

I have a very limited budget

I have some budget flexibility

Remember, the first and foremost reason to buy life insurance is for the death benefit. Keeping this in mind, which of these two options strikes the right balance between your need to provide for your family when you die and your interest in the other features of permanent insurance?

I want to buy permanent insurance, but the only way to buy the amount of coverage I need to protect my family is by supplementing permanent insurance with some term insurance.

I want to buy permanent insurance, and believe I have enough money to buy the face amount needed to protect my family.

Which type of premium would you prefer?

I want fixed premiums.

Adjustable because I like having the option to make premium payments if I have extra cash on hand or lower ones if money is tight.

Do you want a guaranteed amount of death benefit and a guaranteed cash value or are you willing to assume the investment risk yourself to try to achieve greater returns*?

*Poor market performance could reduce or wipe out your cash values. Poor investment performance could also reduce the level of your death benefit to a pre-specified minimum level.

I prefer the certainty of a guaranteed amount of death benefit and a guaranteed cash value.

I'm willing to assume investment risk to try to achieve better returns.

Do you want a guaranteed amount of death benefit and a guaranteed interest rate on your cash values* or are you willing to assume the investment risk yourself** to try to achieve greater returns?

*Cash value accumulates by the portion of each premium payment that is in excess of the current mortality and administrative expenses, plus interest on previous accumulations. The policy will terminate if at any time the cash surrender value is insufficient to pay monthly deductions. This can happen due to insufficient premium payments, if loans or withdrawls are made or if current rates or charges fluctuate.
**Poor market performance could reduce or wipe out your cash values. Poor investment performance could also reduce the level of your death benefit to a pre-specified minimum level.

I prefer the certainly of a guaranteed amount of death benefit and a guaranteed cash value.

I'm willing to assume investment risk to try to achieve better returns.

Based on your responses

Term Life Insurance may be right for you.

Based on your responses

Term & Permanent Life Insurance Combination may be right for you.

Based on your responses

Whole Life Insurance may be right for you.

Based on your responses

Variable Life Insurance may be right for you.

Based on your responses

Universal Life Insurance may be right for you.

Based on your responses

Variable Universal Life Insurance may be right for you.

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