Sentinel Permanent
Financial Freedom Through Financial Strength
The choices you make today have a big impact on your family's financial security tomorrow. Protect your survivor's financial future with Sentinel
Permanent .
Flexible Premium Payment Options
1. Continuous Pay - The Policy Owner will pay
premiums, for as long as the insured is alive, up to age
100.
2. 10-Pay - The Policy Owner will pay premiums for 10
years only, with no future payments....guaranteed!
3. Single Pay - The Policy Owner will pay a single
premium. This option offers a Return of Premium Benefit
at no additional cost. A percentage of the premium will
be returned to the Policy Owner during the first 10 years
if the beneficiary dies prior to the insured.
Features
? Matches the exact payment need by providing a
guaranteed monthly income stream to the beneficiary
for life.
? Issue ages range from 20 - 80 years.
? Two types of Benefit Periods; Life Only and Life with a
minimum of a 10-Year period.
? Three types of Premium Payment Options; Continuous
Pay, 10-Pay and Single Pay.
? Optional Cost of Living Adjustment (COLA) benefit.
? Continuation of Coverage
? Partial Return of Premium Benefit when Single Pay is
elected.
? We reserve the right to change the premium on each
policy anniversary date after the first policy year.
The premium will never be more than the maximum
premium shown in your policy.
Why would you need Sentinel Permanent?
? Provide Your Spouse with Lifetime Income- In the
event of your death, your survivor's income may shrink
substantially, but existing expenses of a household
continue. Sentinel Permanent can provide that monthly
income stream to keep the household going.
? Maintain Quality of Life- For retired couples, the
health and survival of both spouses are fundamental
concerns. Upon a death of a spouse, the survivor may
suffer a reduction of financial benefits that could have a
strong impact on the quality of life. Sentinel Permanent
provides a lifetime guaranteed monthly income stream
that helps maintain the quality of life you intended even
after your death.
To help determine the amount of Sentinel Permanent
you need, you may wish to consider your family debts
as well as your spouse's income, potential Social
Security payments, and living expenses.
Total Monthly Expenses and Income
Mortgage (including impounds) __________
Utilities __________
Telephone/Cable Internet __________
Credit Cards __________
Auto/Loan or Lease __________
Car Expenses/Gas/Repairs/Insurance __________
Child Care/School Expenses __________
Clothing __________
Entertainment/Other __________
Total Expenses $____________
You Spouse
Spouse's Income __________ __________
Social Security __________ __________
Total Income $____________ $____________
Total Expenses - Total Income (You) $____________
Total Expenses - Total Income (Spouse) $____________
? Private Pensions Without any Survivor Benefits - If
you have no survivor benefits, your spouse may suffer
considerable loss of income upon your death. With
the Sentinel Permanent plan your spouse can have
peace of mind that comes in the form of a lifetime
guaranteed monthly income stream after your death.
? Pension Maximization - Plan participants who will
soon be retiring typically have to make an election
prior to retirement regarding what type of benefit
they will receive. The "Life Only" benefit maximizes
the retiree's pension benefit, however, the spouse
receives nothing after the participant's death. You
can assure your spouse of a guaranteed monthly
lifetime income with the Sentinel Permanent plan
that will begin after your death.
Insurance is a primary way you protect your
family against financial loss caused by premature
death. If your family's income decreased or
stopped due to a premature death, your family
may find it difficult to meet the everyday
expenses of the household.
The Solution-Sentinel Permanent.
What is Sentinel Permanent?
Sentinel Permanent is a reversionary annuity
life insurance policy designed to provide a
guaranteed monthly income stream payable for a
lifetime to your surviving beneficiary should you
die.
It is wise to consider a policy with a guaranteed
income stream:
? What happens if the spouse has little to
no investment experience?
? How will a lump sum benefit be
spent?
? Will your spouse outlive a lump sum?
If there are individuals who depend on you for financial support, you need Sentinel Permanent Life Insurance.
Additional Benefit
COST OF LIVING ADJUSTMENT (COLA)
This optional benefit provides a 3% annual
increase of the beneficiary's monthly benefit
beginning one year after the first monthly
benefit is paid.
What happens if your spouse outlives you?
Monthly Income Shortfall
Optional Riders that Fit Your Need
WAIVER OF PREMIUM
This rider waives the premium if the primary insured
becomes totally disabled for at least six months as
defined in the rider. Premiums are waived for the
policy and any attached riders. If the total disability
ceases, simply resume premium payments; there are
no requirements for payment of back premiums.
PREMIUM PROTECTION RIDER
In the event the beneficiary predeceases the
insured, and as long as the insured is living, you may
elect to receive 50% of all premiums paid in the
form of a lump sum payment. Any premium waived
or already returned under the base policy will not
be included.
CONTINUATION OF COVERAGE
While you and the beneficiary are living, you may
exercise an option to terminate this coverage and
purchase any permanent life insurance policy, on
the life of the insured, then being offered by us. If
the beneficiary dies prior to the insured, you will
have 30 days from the death of the beneficiary to
exercise this option. No evidence of insurability
will be required. Limitations may apply, refer to the
policy for details.
