Third Commitment - Premium Duration

Choosing the number of years of "out-of-pocket" cost also influences your buying decision.

Every policy requires either:

A fixed annual premium each year
OR
Money to cover the cost of insurance to life expectancy on a daily, monthly, quarterly or annual basis.

Does the premium come from your pocket or from the policy's cash value?
The number and size of the "out-of-pocket" premiums determines the magnitude of the long-term benefit.

TIP: Too few "out-of-pocket" premiums may result in a "thin transaction".

Next Step: The length of time you want the coverage also impacts your decision on the annual premium.

Disclaimer

Financial Concepts, Inc. and its representative, Patrick J. McNamara* is presently licensed to sell traditional life insurance in Michigan, Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Minnesota, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and California (Patrick J. McNamara, California license number OB8885). Insurance services are limited to residents of the above listed state. Residents of other states should consult with a local agent for insurance services.

Variable life and annuity products, as well as other securities products, may be sold in Michigan, Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Minnesota, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington and California (Patrick J. McNamara, California license number OB8885). Residents of other states should consult with a local registered representative for securities products.

Proper state registration is mandatory prior to conducting business in any state.

Securities offered through M Holdings Securities, Inc, a Registered Broker/Dealer, Member FINRA / SIPC. Financial Concepts, Inc. is independently owned and operated. Financial Concepts, Inc. is a member of M Financial Group. Please go to mfin.com and click on "Disclosure Statement" at the bottom of the home page for further details regarding this relationship.