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Life Insurance Comparison

Life Insurance Comparison. Group #6 Tewabech Alemu Christopher Cabrera Eric Chan Jason Krefft Wilson Tam. Comparing $500,000 vs. $1,000,000 Smoker living in California Starting at 25 and paying insurance until 70. Term Insurance Short Term Agreement Lower Price Guaranteed

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Life Insurance Comparison

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  1. Life Insurance Comparison Group #6 Tewabech Alemu Christopher Cabrera Eric Chan Jason Krefft Wilson Tam

  2. Comparing $500,000 vs. $1,000,000 • Smoker living in California • Starting at 25 and paying insurance until 70

  3. Term Insurance • Short Term Agreement Lower Price • Guaranteed • Long Term, Set Price, Gain Cash Value

  4. Option A - $500,000 • 10 years Term, 35 Guaranteed • Option B - $500,000 • 15 years Term, 30 Guaranteed • Option C - $1,000,000 • 10 years Term, 35 Guaranteed • Option D - $1,000,000 • 15 years Term, 30 Guaranteed

  5. Total Amount Invested $500,000 Policy • 10 Years Term, 35 Years Guaranteed • $240,516 • 15 Years Term, 30 Years Guaranteed • $391,716 $1,000,000 Policy • 10 Years Term, 35 Years Guaranteed • $295,382 • 15 Years Term, 30 Years Guaranteed • $504,090

  6. Cash Value at Age 50 • Cash Value Option A • 50 = $80,640 • Cash Value Option B • 50 = $80,824 • Cash Value Option C • 50 = $97,574 • Cash Value Option D • 50 = $102,310

  7. Resources • Prudential Financial • http://www.prudential.com/index/ • Quick Quote Financial • http://www.quickquote.com/ • Met-Life • http://www.metlife.com/

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