LIFE INSURANCE PRODUCT SUMMARY

WHOLE LIFE PRODUCTS: Permanent plan of Insurance for which, the cash value of the policy grows tax deferred, and offers a lifetime of protection as long as premiums are current. Over time, as the cash value accumulates within the Plan, an Insured may have the option to borrow against the policy’s cash value.

• Traditional Whole Life: Permanent plan of Insurance for which premiums are payable during the lifetime of the insured. It is the low-cost leader of our Whole Life products because of the payment span. Popular choice for those on a budget but want to build a cash value base and enjoy dividend growth. Lifetime protection as long as premiums are current.
• Single Pay Whole Life: Permanent plan of Insurance with a one-time payment. Ease of product concept for those looking to establish an instant estate and not have future payment obligations. This one-time payment product is very popular under our Christmas Special Promotion with parents and grandparents.
• 5YR, 10YR, 15YR, or 20YR Limited Pay Whole Life: Permanent plan of insurance for which premiums are spread out through a selected period of time. Attractive option for those who wish to pay off their whole life policy early. This product is very popular with individuals who are planning to have more financial fluidity in their retirement as their larger expenses decrease when they enter their golden years. The 5YR Limited Pay Whole Life is very popular amongst our sponsored Polish Language & Dance programs.
• Whole Life Paid Up at 70: A permanent plan of life insurance for which premiums are payable until the age of 70. The certificate is then paid-up for life. The plan pays dividends and contains guaranteed cash values. The base death benefit remains level over the lifetime of the certificate.
• Legacy Shield Immediate Benefit Final Expense (Plan 1): Permanent plan of insurance with a guaranteed death benefit for which premiums are level and payable during the lifetime of the insured. This product is simplified issue, offering face amounts beginning at $2,500 and up to $25,000 coverage. No riders are available for this product. Cash Value is equal to the death benefit at the Insured’s age of 120. For Individuals starting at age 40 and up to age 85, final expense coverage is an affordable way to give family members peace of mind during difficult times.
• Legacy Shield Graded Benefit Final Expense (Plan 2): Permanent plan of insurance with a guaranteed death benefit after Year 3, for which premiums are level and payable during the lifetime of the insured. This product is simplified issue, offering face amounts beginning at $2,500 and up to $25,000 coverage. No riders are available for this product. For individuals starting at age 40 and up to age 85 final expense coverage is an affordable way to give family members peace of mind during difficult times.
  • Death Benefit Paid in Year 1 – 25% of the selected death benefit
  • Death Benefit Paid in Year 2 – 50% of the selected death benefit
  • Death Benefit Paid in Year 3 & after – 100% of the selected death benefit
• Guaranteed Issue Final Expense GIWL (Plan 3): Permanent plan of insurance for which premiums are level and payable during the lifetime of the insured. This plan has a reduced death benefit for the first 2 years. For non-accidental death, the death benefit is limited to the return of 110% of the premium paid during the first 2 years. Thereafter, 100% of the face amount is payable. Full benefits are paid for accidental death from day one. No medical exam required. This product is simplified issue, offering face amounts beginning at $2,500 and up to $25,000 coverage. Available for individuals starting at age 40 and up to the age of 85 Permanent plan of insurance for which premiums are level and payable during the lifetime of the insured. This plan has a reduced death benefit for the first 2 years. For non-accidental death, the death benefit is limited to the return of 110% of the premium paid during the first 2 years. Thereafter, 100% of the face amount is payable. Full benefits are paid for accidental death from day one. No medical exam required. This product is simplified issue, offering face amounts beginning at $2,500 and up to $25,000 coverage. Available for individuals starting at age 40 and up to the age of 85
  • Death Benefit Paid in YRS 1 & 2 – Return of premium + 10%

TERM LIFE PRODUCTS: Temporary life insurance coverage which is set for a specific period of time. Cash value does not accumulate on these products. If the insured dies during the active coverage period of the policy, a death benefit will be paid. Policyholders can extend or renew the insurance, but the new premium rate will be based on the person’s age and health at the time of renewal.

• 10YR, 15YR, 20YR or 30YR Renewable Level Term: Term plan of life insurance with premiums payable through a selected period of time. The insured has the option of renewing the policy, subject to a new premium each renewal age. This plan generates no cash value. Dividends, if payable, are available at the end of the 2nd year. For individuals starting at age 16 and up to age 65. Minimum face amount of $25,000.
  • 10YR renewable is renewable through age 65
  • 15YR renewable is renewable through age 60
  • 20YR renewable is renewable through age 55
  • 30YR renewable is renewable through age 45
• 10YR, 15YR, 20YR or 30YR Quick Issue Term: A Term plan of insurance with level premiums payable through a selected period of time. The plan does not generate cash value, nor pays dividends. A medical exam is not required for face amounts up to $250,000. No riders available for this product. For individuals starting at age 16 and up to age 65. Minimum face amount of $25,000.
  • 10YR Quick Issue is renewable through age 65
  • 15YR Quick Issue is renewable through age 60
  • 20YR Quick Issue is renewable through age 55
  • 30YR Quick Issue is renewable through age 45
• 10YR, 15YR, 20YR, 25YR or 30YR Mortgage Decreasing Term: A Term plan of insurance with level premiums payable through a selected period of time. The plan does not generate cash value, nor pays dividends. The death benefit decreases annually over the policy term and is not renewable. For individuals starting at age 16 and up to age 65. Minimum face amount of $25,000.

MEGA PLAN (A HYBRID TERM & WHOLE LIFE PRODUCTS): A mix of Permanent and Term plan with premiums payable based on each plan’s length. When need is beyond temporary and seeking flexibility, this is the right product designed to help meet long-term insurance needs and fit a budget. Builds cash value and is dividend participating which could pay for term protection or reduce future premium costs.