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

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Showing posts with the label Life

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Do stay-at-home spouses need life insurance?

January 23, 2019

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Who needs to buy life insurance?

January 23, 2019

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Learn More About Premium-Financed Life Insurance

January 02, 2019

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Life insurance is a worthwhile investment for families

December 27, 2018

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Do You Need Life Insurance?

December 27, 2018

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Protect three key goals with life insurance

December 27, 2018

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Life Insurance Premiums And Taxes After A Divorce

November 29, 2018

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Life Insurance Options For Business Owners

November 29, 2018

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Life Insurance And Finances

November 21, 2018

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Can Life Insurance Be An Investment?

November 21, 2018

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Are We About To See The End Of The Life Insurance Medical Exam?

November 21, 2018

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Term vs. Whole Life Insurance

October 11, 2018

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Avoiding federal estate tax when collecting life insurance proceeds

October 11, 2018

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When Life Hands You Lemons …

October 11, 2018

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Life Insurance Policy Reviews

October 03, 2018

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Reasons Why Millennial's Should Buy Life Insurance

September 27, 2018

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Buying Life Insurance

September 27, 2018

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Term vs. Whole Life Insurance - Which Is Best for You?

September 20, 2018

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Life Insurance Purchase Strategies For Families

September 07, 2018

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Life Insurance Is A Vital Purchase

September 03, 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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