Mature Adults - Divorced
Ron is a 53 year-old divorced Dad of two children, ages 19 and 13. Ron recently had a heart attack and by-pass surgery. He rents an apartment, owes approximately $35,000 in credit card debt, hospital bills, and pays child support on a $65,000 a year salary. He has no substantial assets or life insurance.
Ron's Concerns:
- Needs to leave child support provision for 5 more years.
- Wants to make sure debts are paid off so family is not burdened with probate and creditors.
- Burial Expenses.
SBLI Solutions:
- Guaranteed Golden® - SBLI's guaranteed issue product for individuals ages 50 through 80 issued in amounts of $5,000, 10,000, or $15,000 . No health questions to answer and no physical exams are required. The premiums are affordable and builds cash builds every year.
- Children's Term - Designed to protect the child's insurability in case of unforeseen health circumstances.