4. Insurance

Personal insurance insures against the permanent or temporary loss of ______________ or from high medical costs resulting from an unexpected _____________ or ____________.

____________ % of all 40 year old men will become disabled prior to reaching age 65.

Disability insurance is designed to pay you a __________ of your income if you become medically disabled (80% Max).

Social Security disability benefits are only available if you become _____________ disabled.

If possible buy _________________ disability insurance.

The ___________ the elimination period the __________ the premiums will be.

Although there are different types of life insurance ___________ and ___________, all life insurance is in actuality ___________ insurance.

The reason for life insurance is to replace lost _________ or to pay for __________ expenses.

Life insurance should be purchased for anyone whose death would cause a __________ burden to the remaining family members.

A general rule when purchasing life insurance is to purchase _____ to _____ times your annual income.

The best type of insurance to purchase is low cost _________ insurance.

Some life insurance policies accumulate CASH VALUE as a means of PRE-FUNDING __________ insurance cost.

Without exception, the cash value portion is __________ refunded in the event of death.

The average real rate of return of most cash accumulating life insurance policies is _____ - ______%.

Commissions on cash value policies can be as high as _________ % to ________% of the first years premiums (in addition to initial fees and administrative charges.)

Each dollar spent on life insurance will buy approximately ________% to ________ more coverage if the policy does not accumulate any cash value.