Term life insurance offers a low-cost solution for a defined period of time and may be converted to permanent coverage without evidence of insurability.
$100,000 minimum face amount.
Accelerated Death Benefits for critical, chronic and terminal illness (CCT).
A preferred non-smoker 40-year-old male can get $250,000 insurance coverage with Accelerated Benefits for $22.66 a month.
A juvenile rider can provide insurance protection for children age 15 months to 18 years.
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Want to increase your policy to cover expenses including Family responsibilities, your Mortgage, bills, or College tuition.
Waive physical, maximum amount Term life insurance policies up to $2 million for ages 18-50 and up to $1,000.000 for ages 51-60.
Converting Term Life (temporary) insurance to Whole Life (permanent) insurance
Conversions are allowed according to the following schedule:
10-year term length: the earlier of 7 years or age 70.
15-year term length: the earlier of 12 years or age 70
20-year term length: the earlier of 15 years or age 70.
30-year term length: the earlier of 20 years or age 70.
The conversion period is never less that 5 years regardless of issue age.
Guaranteed universal life insurance is one of the most affordable and convenient types of life insurance you can purchase to get lifelong coverage. Guaranteed Universal life policies come with fixed premiums and a fixed death benefit.
This type of policy comes with little to no cash value growth, which differs from other kinds of permanent life insurance.
Policy Highlights:
Guarantee the death benefit to any age up to 120
Premium Recovery Endorsement provides the opportunity to recover part or all other the total premiums paid within a 60-day window after the 15th, 20th, and 25th policy anniversary upon full surrender of the policy.
Guaranteed exchange privilege allows exchange to IUL products without evidence of insurability and NO surrender charge.
Accelerated death benefits for critical, chronic, and terminal illness (CCT)
Indexed universal life (IUL), offers permanent coverage and has a cash value tied to market indexes.
The death benefit itself or the cash value within the policy can be used as security on a loan.
Indexed universal life (IUL), provides a floor of 0%, but offers higher upside interest crediting based on the performance of an outside stock index such as S&P 500 Index.
Executive Bonus
An executive bonus funded with life insurance policy is designed to focus on the Business owner, executive, manager, director or top sales person with specialized knowledge or relationships, it is often used as a vehicle for retirement.
Waiver of premium: Allows the entire premium to be waived while the primary insured is totally disabled after the disability has continued for 180 consecutive days.
Waiver of charges: In the event of disability, monthly deductions from the policy fund are waived. The disability must have continued for six consecutive months from the time of disability.
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