Term Life Laddering Illustration

Compare a single long-term policy against laddered shorter-term policies for mortgage protection.

ⓘ For illustration only. Premiums shown are quoted figures and are not a binder, contract, or guarantee of coverage. Final rates are subject to carrier underwriting approval.

Client & Scenario

Illustration Type

Client Name

Illustration Date

Age

Gender

Tobacco Use

Health Rating

Mortgage Balance

Prepared By

Producer Lic. #

Option A · Single Term Policy

Term Length (years)

Coverage Amount

Monthly Premium

Option B · Laddered Term Policies

#	Layer (optional)	Term (yrs)	Coverage	Monthly

Illustration Preview

Single policy coverage Laddered coverage (steps down as the mortgage is paid down)

Single Policy Lifetime Cost

$—

Laddered Lifetime Cost

$—

Total Savings

$—

Built-In Conversion Opportunity

Include this section on the printed illustration

Each term layer can convert to a permanent policy with no new medical underwriting during the window below. Windows update automatically with the client age above. Applies to Farmers Term Life (FTL) and Return of Premium Term (TR0101).

Notes & Disclaimer

Producer Notes (visible on printed illustration)

Custom Disclaimer (optional, leave blank for standard)

Trevor Moriarty Insurance Inc. 355 Pacific Street • San Luis Obispo, CA 93401
805-544-8300 •
Agency Lic. #0E86508

Term Life Laddering

Mortgage Protection Illustration

Client

Mortgage Balance

Comparison Period

Prepared By

Option A · Single Policy

Option B · Laddered Policies

Coverage Over Time

Single policy coverage Laddered coverage (steps down as the mortgage is paid down)

Period	Coverage in Force	Monthly Premium

Total Lifetime Savings with Laddering

Built-In Conversion Opportunity

Policy Layer	Coverage	Conversion Window Opens	Window Closes

Prepared by • Trevor Moriarty Insurance Inc. • Agency Lic. #0E86508 • Illustration only, not a binder or guarantee of coverage.