life insurance review
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Life Insurance Review
VLCM-154A / VLNYCM-154ASeptember 2007
Presented by
Jody Patterson
Patterson Financial Group
843-412-6571
Presented by
Jody Patterson
Patterson Financial Group
843-412-6571
Investment and Insurance Products: Not a Deposit – Not FDIC Insured – Not Insured by any Federal Government Agency – No Bank Guarantee –
May Lose Value
This presentation is designed to provide introductory information in regard to the subject matter covered. Neither Pacific Life, Pacific Life & Annuity, nor their representatives offer legal or tax advice. Consult your attorney or tax advisor for complete up-to-date information concerning federal and state tax
laws in this area.
Variable insurance products issued by Pacific Life Insurance Company and Pacific Life & Annuity Company are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life and an affiliate of Pacific Life & Annuity, and are available through licensed third
party broker-dealers. Investors should carefully consider the underlying fund investment objectives, risks, charges, and limitations and expenses of a variable universal life insurance policy. This and other information about Pacific Life and Pacific Life & Annuity is in prospectuses available from your
registered representative or by calling (800) 800-7681. Read them carefully before investing or sending money.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life and Pacific Life &
Annuity, their distributors and their respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Pacific Life insurance Company's and Pacific Life & Annuity Company's individual life insurance products are marketed exclusively through independent third-party producers, which may include bank affiliated entities.
Important – Please Read
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features vary by state. Individual life insurance and annuity products are available in New York through Pacific Life & Annuity Company. Each company is
solely responsible for the financial obligations accruing under the policies it issues, and its product and rider guarantees are backed by that company’s financial strength and claims-paying ability.
Address:700 Newport Center Drive, Newport Beach, CA 92660
(800) 800-7681Visit us at our Web Site: www.PacificLife.com
Mailing Address: 700 Newport Center Drive, Newport Beach,
CA 92660 (888) 595-6996
Visit us at our Web Site: www.PacificLifeandAnnuity.com
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Creating Suitable Financial Plans for You and Your Family
When was the last time you checked the beneficiary or the coverage amount on your life insurance policy? Not sure? You’re not alone.
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What if You or Your Spouse Dies Unexpectedly?
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How Can You Protect Your Family?
Develop a contingency plan that addresses your concerns if one or both of you die
Decide which things you would like to provide for your family in the event of your death or your spouse’s death
The Benefits of a Contingency Plan
Prioritize your financial goals
Review your current assets & sources of
income
Provides framework to review as your
needs change
Prioritize Review Framework
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Considerations in Developing a Contingency Plan
What are your immediate cash needs in the event of an unexpected death?
If you or your spouse (or both) dies unexpectedly, how much income will need to be replaced?
What are your goals for retirement and college expenses? Will your existing assets be enough to cover these goals? Do you need new or additional life insurance to meet your goals?
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Developing a Contingency Plan
Debts toPay Off
EmergencyFunds
CollegeExpenses
FuneralExpenses
HomeMortgage
EstateAdministrationExpenses
Immediate Cash Needs
Current family annual income
Percent of income needed (in the event of death of either spouse)
Social Security benefit
Developing a Contingency PlanIncome Replacement Developing
a Contingenc
y Plan
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Developing a Contingency PlanExisting Assets
Real Estate Business Interest
Cash/Savings Marketable Securities Retirement Plans
Liquid Assets Non-Cash Assets to Liquidate
Existing Life Insurance
Death Benefit
Planning Strategy
Assess your Financial estate planning goals Current life insurance
Discuss your goals with your financial advisor
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