NorthStrong Insurance

Permanent, Term, Final Expense, Living Benefits: Critical Illness, Hospitalization, & Income Replacement

03/10/2022

Here we have a case study from Foresters Financial:

Case Study | Advantage plus

Meet Jonathon

57-year-old male

Wealthy Business Owner
Regularity donates to charitable organization
for disadvantaged children
Father with one daughter age 21

His Challenge

Looking for tax-efficient strategies to transfer wealth to his daughter upon his death
Interested in opportunities to give back to his favorite charities

His Solution :

Purchases Advantage Plus Participating Whole Life Insurance from
Foresters Financial™.
Pay to 100, Paid-Up Additional Insurance Option with coverage of
$5,000,000:
– Annual premium for Standard Non Smoker = $192,400
– Generally tax-free death benefit for his daughter
– Charity Benefit provision3 provides an additional $50,000 to his
favorite registered charity
– Based on the current dividend scale projections, the premium
will offset after year 14