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If you are an employer group, association, trade group or union, you can now offer your employees or members a wonderful new type of life insurance protection.
Group term insurance plans provide coverage while the insured is an employee or a member. When that relationship ends, coverage typically ends.
Individual term insurance plans provide coverage for 10, 15, 20 or 30 years. At the end of the coverage period, the protection stops.
If someone wants coverage to last no matter how long he or she lives, then a much higher premium for permanent coverage is required...whether through a voluntary payroll plan or through an individual plan.
The new Lifetime Term Insurance plan from Fidelity Life Association, A- Excellent Rating from A.M. Best, fills a gap between term that eventually ends and permanent coverage. And, the premium is much lower than traditional permanent coverage. Take a look at the features:
- Initial Death Benefit Guaranteed to age 70 or 25 years - whichever is longer.
- At current Cost of Insurance and Interest Assumptions (5%), the FULL death benefit will not decrease and will be fully paid up prior to age 100.
- Worst Case Scenario - After age 70 or 25 years, whichever is longer, the Death Benefit is guaranteed to be at least 50% of the Initial Death Benefit up to age 121.
- Plan is Fully Portable with no increase in premium.
- Spouse and Children coverage available.
- Guaranteed Issue OR Contingent Guaranteed Issue up to $150,000 - Simplified Issue up to $250,000, depending on the characteristics of the group.
- Death Benefits from 10 to over 30% higher than Whole Life or Universal Life.
Here's How It Works!!
Age 35 @$10.00 per week – Initial Death Benefit $74,499*
Guarantees:
- $74,499 guaranteed death benefit to age 70
- Beginning at age 70 death benefit is 50% or $37,250, guaranteed to age 121
However:
- At Current Assumptions, the Death Benefit would be fully paid up at age 82...with NO reduction in death benefit AND no further premiums due!
* Based upon 50% male-50% female, nonsmoker rate class
To learn how you can offer Lifetime Term Life Insurance to your employees or members, Contact Us or call us toll-free at 866-205-0380.
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Licensed to sell lifetime term life insurance in:
Ohio License #104233, California License #0C94325, Florida License #D072714
Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin |
