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Critical Illness Insurance Because saving your life  shouldn’t cost your life savings
Hal Schwartz The Del Mar Group, Inc. Dr. Howard Rocket,   DDS
Despite Your Best Efforts . . . You may face a gap in your financial security Death Lost Wages Long-term Care Health Costs Uncovered Expenses
What really happens  in a health crisis? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What really happens  in a health crisis? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What really happens  in a health crisis? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What really happens  in a health crisis? ,[object Object],[object Object],*Harvard Law School, 2005.
The High Cost of Getting Sick ,[object Object],[object Object],*American Cancer Society, Cancer Facts & Figures, 2005
[object Object],Risk of Illness and Disability *American Heart Association, Heart Disease and Stroke Statistics 2007 Update
Risk of Illness and Disability ,[object Object],*American Heart Association, Heart Disease and Stroke Statistics 2007 Update
[object Object],Risk of Illness and Disability *American Cancer Society, Cancer Facts & Figures, 2005
[object Object],Risk of Illness and Disability *American Heart Association, “Heart Disease and Stroke Statistics,” 2007; American Cancer Society, “Facts and Figures 2007.”
A Real Case Study ,[object Object],[object Object]
Where I went wrong . . . ,[object Object],[object Object],[object Object]
Dr. Rocket: Stroke Case Study Incurred Expenses for the Period of October  27, 1995 to April 2007 Description Amount ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],$180,000 ,[object Object],[object Object],[object Object],[object Object],$  8,100 $290,000
Dr. Rocket: Stroke Case Study Incurred Expenses for the Period of October  27, 1995 to April 2007 Description Amount ,[object Object],[object Object],[object Object],[object Object],$195,000 ,[object Object],[object Object],[object Object],$2,500 $2,500 ,[object Object],[object Object],[object Object],$32,000
Dr. Rocket: Stroke Case Study Incurred Expenses for the Period of October  27, 1995 to April 2007 Description Amount Total Incurred Expenses $710,000 Loss of Earned Income 9 years (20k per month x 9 yrs) $2,800,000 Earned Active Income (Pre-accident earnings – average 30k/month) $  0 Total Economic Loss  NET WORTH REDUCTION $3,510,100
Toward the Future ,[object Object]
What’s the Solution? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Better Solution . . . ,[object Object],[object Object],[object Object]
Long available abroad: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Critical Illness Insurance Does ,[object Object],[object Object],[object Object],[object Object]
Do You Feel Lucky? ,[object Object],[object Object]
Paying for Your Illness For every dollar spent, you’ll need to earn:  Self-insurance $ 1.35 Debt $ 1.75 Liquidate assets $ 2.00 Critical illness insurance $0.20
So what will it be? ,[object Object],[object Object],[object Object]
Peace of mind . . . ,[object Object],[object Object]
Because saving your life  shouldn’t cost your life savings Life Insurance Disability Insurance Long-term Care Insurance Health Insurance Critical Illness Insurance
Questions?

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Critical Illness Sales Presentation created by Catherine Chaney Bowman

  • 1. Critical Illness Insurance Because saving your life shouldn’t cost your life savings
  • 2. Hal Schwartz The Del Mar Group, Inc. Dr. Howard Rocket, DDS
  • 3. Despite Your Best Efforts . . . You may face a gap in your financial security Death Lost Wages Long-term Care Health Costs Uncovered Expenses
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. Dr. Rocket: Stroke Case Study Incurred Expenses for the Period of October 27, 1995 to April 2007 Description Amount Total Incurred Expenses $710,000 Loss of Earned Income 9 years (20k per month x 9 yrs) $2,800,000 Earned Active Income (Pre-accident earnings – average 30k/month) $ 0 Total Economic Loss NET WORTH REDUCTION $3,510,100
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24. Paying for Your Illness For every dollar spent, you’ll need to earn: Self-insurance $ 1.35 Debt $ 1.75 Liquidate assets $ 2.00 Critical illness insurance $0.20
  • 25.
  • 26.
  • 27. Because saving your life shouldn’t cost your life savings Life Insurance Disability Insurance Long-term Care Insurance Health Insurance Critical Illness Insurance