Coverage guaranteed to last until age 120
Benefit will not decrease.
Premiums will never increase
Choose your beneficiary and split it up to 10 ways
All benefits are not subject to tax and will be received tax free
Plans available that include “double indemnity”. If you pass away in an accident, the death benefit will double. Example) $10,000 death benefit turns to $20,000.
If you are diagnosed with a terminal illness, some companies will allow you to receive 50% of your death benefit immediately while still alive.
If you can qualify, there are plans that will pay out immediately with no waiting period if you pass away.
Other coverage options include graded or guaranteed issue which will pay out a % of total death benefit in first two years and full death benefit if you live longer than two years.