As a firefighter, your job can be physically challenging and very stressful. You put your life on the line every day to serve the public. What happens if you were to die unexpectedly or become disabled because of health issues or job– related injuries?
To supplement any life and disability coverage you have, we offer an excellent and affordable solution! It is a 15-year annually renewable term life insurance policy with level premiums for 15 years. The policy offers a guarantee death benefit and two accelerated, living benefit riders without charge. These riders can provide living benefits if the insured becomes terminally ill and or chronically ill. If these events occur, the policyholder can access the policy’s death benefit proceeds on a tax-advantage basis.
Here’s an example, a 30-year-old firefighter (male, rated preferred, non-smoker). For $200,000 of life insurance coverage (guaranteed death benefit), the premium payment is only $10.72 per paycheck! Also, if the insured were to become disabled at age 40 and meet the accelerated benefit rider’s chronic illness definition, the policy owner has the right to receive up to $1,421 per month for 50 months. The original death benefit, $200,000, is discounted and reduced by the amount withdrawn.
We at National Retirement Group and Tampa Bay Financial Group, work with many firefighters and police officers to help them plan for their financial futures. We provide outstanding life insurance and safe retirement solutions for those participating in a 457(b) plan and in the Deferred Retirement Option Program (DROP). Let us share our expertise with you, and let us serve and protect you and your family.
For more information, please call Patrick Competelli, NREMT-P, at 727-643-8747 or e-mail him at patrickc@.