Path to Success Module 5
5a. Designing The Critical Illness Solution |
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| There are so many different choices in the market when it comes to critical illness insurance coverage amounts, premium structures, and optional riders, that it can be daunting to navigate through all the options. You can simplify this process by sequentially addressing some key decisions your clients need to make that will guide you in shaping the final critical illness insurance recommendation. For more information:
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5b. Designing The CI Solution: Amount of Coverage |
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| One of the questions that both advisors and clients find difficult to answer is “how much critical illness insurance coverage do I need?” There is no doubt that there is a wide variance in how your client would be impacted based on what they are diagnosed with and their circumstances at the time they are diagnosed. For more information:
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5c. Designing The CI Solution: Selecting the Premium Structure |
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| Each of your clients with unique situations, and many factors influence the appropriate premium structure for them. These include your client’s desired benefit amount, cash-flow, and time-horizon. Various carriers offer various premium structures to choose from. For more information:
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5d. Designing the CI Solution: Optional Riders |
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| Most insurance products have optional riders that can be added so that the base coverage can be enhanced with other features. For more information:
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