Single Premium Whole Life
Available in CO, IA, IL, MD, MO, OH, PA, TX, WV, & WI
Product Features:
- Issue Ages 0-85
- Minimum face amount $10,000
- Minimum Premium Ages 0-24 $2,000
- Minimum Premium Ages 25-85 $5,000
- Must meet both minimum face amount & premium requirements
- Lifetime coverage with a one-time premium payment
- Cash Value increases over time
- Loan option allows you to borrow against the cash value
- Eligible to receive dividends if dividends are declared (not guaranteed)
- Tax-free death benefit payable to your beneficiaries that can be used for things like paying funeral costs & outstanding debts or to leave a charitable gift to your favorite organization
Living Benefit Riders Included:
If any of the following conditions apply, the member can access up to 50% of the face amount of the certificate (up to a maximum of $150,000).
Chronic Illness: If the member is unable to perform 2 out of the 6 activities of daily living
Critical Illness: If the member is diagnosed as having suffered a heart attack, stroke or cancer
Terminal Illness: If the member is diagnosed with a terminal illness
Consult a tax advisor to determine any tax implications.