Level Premiums for
life:
Whole life insurance
(sometimes called
straight life or
permanent life) -
provides protection
for your entire life
at guaranteed level
premiums (to
qualified eligible
applicants)
based on
demographics and
health history.
Coverage that last
your whole life:
It is important that
you
insure your
insurability.
Many people think
about life insurance
when it is too late
and they already
have been diagnosed
with a medical
condition that makes
them uninsurable.
So, it is important
to lock in permanent
life insurance that
will be there for
your entire life.
Term is cheap but it
is designed to last
only a specific time
in your life.
Whole life builds
cash values:
A portion of the
money you pay into
your whole life
policy accumulates
as guaranteed cash
values. If you
choose to surrender the policy, these
guaranteed cash
values would be
available to you. Or, as long as the
policy is in force,
you may borrow against them as a
policy loan at the
current policy loan
interest rate.
The amount of your
guaranteed cash
value depends on the
kind of whole life
policy you have, its
size and how long
you have had it. The
growth in cash
values is tax
deferred under
current federal
income tax law.
Term insurance does
not provide cash
values.
Older Individuals
are able to get
coverage:
The Whole
Life plan is
available all the way
up to 85 years of
age. This plan has
great flexibility to meet age and health
history
requirements. Also,
when applying for
coverage you will
not have to take a
medical exam or have
any blood work
examined. This
Whole Life plan was
designed to
be a simple, fast,
and affordable way
to secure life
insurance.
