What are my coverage options?
Broadly, you have two types of coverage options: Pure Life Insurance and savings through Fixed Annuities.
Pure Life Insurance
Among the most common types of pure life insurance are:
Mortgage Protection
Many people choose to use a term life insurance policy tied to the length of their mortgage note that will be used to pay off the mortgage in the event of the premature death of a borrower.
You can choose from two types of pure life insurance:
Level Best Term Insurance: This term insurance provides affordable, basic insurance protection for a limited, specific period of time. If death occurs within the time limits of the policy, the face amount of the policy is payable (subject to policy limits). This policy also has renewal or conversion options.
Elite Index Universal Life: This permanent insurance allows you to vary the amount and timing of your premium payments (subject to satisfying policy premium minimums to keep the policy in force), plus increase or decrease the death benefit (subject to underwriting for an increase and policy minimums for a decrease). With both permanent and universal life insurance your policy accumulates cash value. Generally, universal life insurance policies allow you to borrow a portion of your cash value (subject to policy loan interest rate, within policy limits and sufficient cash to maintain coverage).
Level Best Term Insurance
Consider this insurance if:
- You're price sensitive when it comes to life insurance.
- You value pure insurance protection and are not looking to use it as a savings vehicle.
- You have a need for varying term coverage.
Features:
- Multiple term coverage offerings for 10, 15, 20 or 30 years.
- Minimum coverage $100,000 (Gold) to $500,000 (Platinum).
- Competitive rates. Monthly payment plans.
- Convertible up to age 75. (Level Best Gold)
Optional Features:
- Additional Insured Rider
- Children's Level Best Rider
- Accidental Death Rider
- Waiver of Charges
- Accelerated Death Benefit
Choosing your coverages will depend on your specific needs, desires and circumstances. Contact us for more information on Level Best Term Insurance.
Products are subject to availability and qualifications. Other terms, conditions and exclusions may apply. These life insurance products also have limitations and exclusions, which may affect continuation of coverage.
Elite Index Universal Life
Consider this insurance if:
- You have a concern about your retirement savings.
- You want a life insurance policy to last your lifetime.*
- You have a moderate risk tolerance as an investor.
- You want the flexibility of varying the amount of your premium payment.
Features:
- Flexible Premium Permanent Life Insurance
- Fixed and Indexed crediting rate options
- Guaranteed interest rate
Optional Features:
- Primary Insured Term Rider
- Additional Insured Rider
- Children's Level Best Rider
- Accidental Death Rider
- Waiver of Charges
- Accelerated Death Benefit
Choosing your coverages will depend on your specific needs, desires and circumstances. Contact us for more information on Elite Index Universal Life Insurance.
Products are subject to availability and qualifications. Other terms, conditions and exclusions may apply. These life insurance products also have limitations and exclusions, which may affect continuation of coverage.
