Questionnaire: Part 1 of 3
My Life Only
This income duration option will provide guaranteed income for the rest of your life.
A great advantage about this is the income payments are generally higher than other
income options available. The income payments, however, will cease when you pass away.
As a result, if you have a spouse, children or want to provide some type of guaranteed
income payment, you may want to consider other income payment options.
My Life + Spouse / Partner's Life
This option provides income to you and another person (e.g., a spouse / partner)
for as long as either of you are alive. When one of you passes away, the survivor
continues to receive income at 100% of the original amount. This may be right for
you if you expect your expenses to remain the same should one of you pass away
and there are not other sources of income to help supplement your income needs
(e.g., another insurance policy). With this option, the income payments cease
when BOTH people pass away.
Number of Years Only
This option provides income for a set number of years. The insurance company
will guarantee payments for a predetermined period to you or a beneficiary
if you pass away before the end of the guarantee period. A fixed duration
payment can be helpful if you only need to supplement income for a set number of years.
Questionnaire: Part 3 of 3
What does this mean?
If you know how much you have to use as premium, we can determine what kind of monthly income you can receive.
If you know how much you need per month, we can determine how much that costs.
