Case Studies

Case studies are based on hypothetical scenarios using SureLI’s live quote engine. Results may vary based on age, benefit amount, gender, etc.

Case Study #1

Meet Mike.

Mike is a 31-year old dad and husband looking to protect his family in the event he isn’t around any longer.

He and his partner have built a plan to reach Financial Independence by his late 50’s. His biggest concern is if he passes, these plans his family has set out to accomplish would go to the wayside.

Mike is looking to give his family a lump sum of money to reach Financial Independence in the event he passes.

In this scenario, laddering policies comes in at a lower cost than a single policy.

Take a look at the breakdown below.

Laddering Policies

Pros: Lower cost of premiums | "Set-it and forget-it" strategy.

Cons: Multiple policies to manage | Less control to lower death benefit on your schedule

The details...

$1,500,000 of total coverage.
Purchased 3 policies for $500,000 that mature at 10, 20 & 30 year increments.
Using a single carrier for all three policies for easier underwriting.
Initial estimated premium: $64.02 / month
Lifetime Premium Outlay: $17,295.60

Single-Policy

Pros: One policy to manage | Flexibility to lower benefit

Cons: Slightly higher cost of premium | Less carriers to choose from that allow changes once in-force

The details...

$1,500,000 of total coverage.
A single 30-year term policy.
Carrier that allows you to lower death benefit during your coverage period.
Initial estimated premium: $76.94 / month
Lifetime Premium Outlay (following same schedule as ladder strategy): $19,324.00

Case Study #2

Meet Danielle.

Danielle is a 28-year old mom and wife looking to protect her family in the event she isn’t around any longer.

Both her and her partner work, and rely on both of their incomes to meet their expenses and savings goals.

Danielle is wanting to help her family if she were to pass away in order to maintain their lifestyle and continue their path to Financial Independence.

They have a plan to reach FI in their late 40’s.

In this scenario, a single-policy has a lower premium due to reaching higher benefit tiers with better pricing.

Take a look at the breakdown below.

Laddering Policies

Pros: "Set-it and forget-it" strategy.

Cons: Multiple policies to manage | Less control to lower death benefit on your schedule

The details...

$800,000 of total coverage.
Purchased 2 policies for $400,000 each that mature at 10 & 20 year increments.
Using a single carrier for both policies for easier underwriting.
Initial estimated premium: $25.53 / month
Lifetime Premium Outlay: $4,804.80

Single-Policy

Pros: Lower premium cost | Flexibility to lower benefit

Cons: Less carriers to choose from that allow changes once in-force

The details...

$800,000 of total coverage.
A single 20-year term policy.
Carrier that allows you to lower death benefit during your coverage period.
Initial estimated premium: $22.87 / month
Lifetime Premium Outlay (following same schedule as ladder strategy): $4,486.80

Case Study #3

Meet David.

David is a 39 year husband and father of 2 looking to cover him in case he were to pass away.

He is the sole income earner in the family and are on their way to reaching financial Independence. He needs $1,000,000 in life insurance.

David and his partner also own a few rental properties. This policy would help to pay off all of their debt to produce the income needed off of their rentals properties along with what else is needed in investment assets.

In this scenario, a single-policy has a lower premium due to reaching higher benefit tiers with better pricing.

Take a look at the breakdown below.

Laddering Policies

Pros: "Set-it and forget-it" strategy.

Cons: Multiple policies to manage | Less control to lower death benefit on your schedule

The details...

$1,00,000 of total coverage.
Purchased 2 policies at $600,000 for 20 years & $400,000 for 10 years.
Using a single carrier for both policies for easier underwriting.
Initial estimated premium: $47.46/ month
Lifetime Premium Outlay: $9,524.40

Single-Policy

Pros: Lower premium cost | Flexibility to lower benefit

Cons: Less carriers to choose from that allow changes once in-force

The details...

$1,000,000 of total coverage.
A single 20-year term policy.
Carrier that allows you to lower death benefit during your coverage period.
Initial estimated premium: $46.55 / month
Lifetime Premium Outlay (following same schedule as ladder strategy): $9,415.20

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