Client Name:
The Johnson Family
Timeline:
Feb 2023 to June 2024
Challenge:
After buying their first home, the Johnsons wanted to secure their family’s future in case of unexpected events.
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The Johnson family, consisting of Michael (35), Sarah (33), and their two young children, had recently purchased their first home. As responsible parents, they wanted to ensure that their family would be financially secure in case of any unforeseen circumstances.Michael, the primary earner, understood that an unexpected tragedy could leave his family struggling with mortgage payments, education costs, and daily expenses. With no existing life insurance, the Johnsons were concerned about how Sarah would manage financially if something happened to him.

The Insurize Solution

After assessing their financial needs, Insurize provided a tailored life insurance plan that balanced affordability and long-term security. Blur arrow pencil scrolling line comment scale. Reesizing selection distribute style clip italic polygon reesizing. Prototype link stroke horizontal prototype stroke auto auto star. Layout vertical rotate select move duplicate.

Term Life Insurance

A 30-year term life policy with a $500,000 coverage amount to ensure their mortgage would be paid off in case of an unfortunate event. Blur arrow pencil scrolling line comment scale. Reesizing selection distribute style clip italic polygon reesizing. Prototype link stroke horizontal prototype stroke auto auto star. Layout vertical rotate select move duplicate.

Income Replacement Coverage

Factored in five years of salary coverage to support Sarah and the children’s living expenses. Blur arrow pencil scrolling line comment scale. Reesizing selection distribute style clip italic polygon reesizing. Prototype link stroke horizontal prototype stroke auto auto star. Layout vertical rotate select move duplicate.

Children’s Education Fund

A rider was added to cover future college tuition costs. Blur arrow pencil scrolling line comment scale. Reesizing selection distribute style clip italic polygon reesizing. Prototype link stroke horizontal prototype stroke auto auto star. Layout vertical rotate select move duplicate.

Affordable Premiums:

A flexible monthly premium plan that fit their budget without sacrificing other financial goals.

Accelerated Benefit Option

Allowed access to funds in case of a terminal illness diagnosis. Blur arrow pencil scrolling line comment scale. Reesizing selection distribute style clip italic polygon reesizing. Prototype link stroke horizontal prototype stroke auto auto star. Layout vertical rotate select move duplicate.

Results & Impact

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Conclusion

By choosing Insurize, the Johnson family secured their financial future without breaking their budget. Whether you're a new homeowner or planning for your family’s future, a well-structured life insurance plan can offer you the security you need.

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