Whole Life Insurance

Whole Life Insurance

When lifelong protection is the top priority for your loved ones, Whole Life Insurance can provide the guaranteed death benefit you want with a fixed premium that will never increase.

Whole Life Insurance is a permanent life insurance policy with optional riders that allow you to customize a stratgey that fits your needs, your budget, and your life. The added benefit of cash value accumulation provides funds you can borrow to help pay for things like retirement, education or other needs.

Specifications
Specifications

Issue Minimums

Non-Tobacco
Issue Ages 0-85            $25,000

Tobacco
Issue Ages 18-85           $10,000

Select/Select+/Select Tobacco
Issue Ages 18-45         $100,000
Issue Ages 46-85          $50,000

Premiums

Annual, Semi-Annual, Quarterly and Monthly
EFT options are available for all modes of payment

Key Features

  • Guaranteed level premiums, so your payment never increases when premiums are paid on time
  • Guaranteed protection for your entire life (up to age 121)
  • Guaranteed cash value accumulation which you can borrow from in the future
  • Customizable with term riders
  • Accelerated underwriting for policies with a face value of up to $50,000
  • Convenient monthly electronic fund transfer payments, other options include quarterly, semi-annual and annual payments
  • Participating policy that pays dividends

Ideal Client

Someone looking for lifetime protection on a limited budget

  • Income Replacement
  • Supplement Education Funding
  • Business Buy/Sell
  • Retirement and Pension Maximization
  • Wealth Transfer
  • Estate Conservation
  • Charitable Giving

Specifications
Case Studies

Meet David and Emily

Meet David and Emily

Age: 35 and 37
Household Income: $165,000
Family: Two children
Health Status: Good health
Goals: Protect their family, their home and their business

Their Story

David and Emily are in their mid-30s with two children in middle school. Over the last decade they’ve been focused on achieving their dreams. They purchased their first home, grew David’s business, and funded Emily’s graduate school studies. They decided it was time to gain more insight into their finances and establish a strategy for the future. After searching for a financial advisor who aligned with their values, they made an appointment to meet with a representative who went through a needs analysis with them to learn more about their goals.

The analysis revealed that along with a $1.5 million need in coverage to protect their incomes, home mortgage, and fund their children’s futures should something happen to them, they could benefit from a policy that accumulated cash. David’s business was growing but was vulnerable to seasonal changes. Having access to the cash value they could use to pay for unexpected expenses was an attractive option.

Their representative suggested Whole Life Insurance policies for both David and Emily with laddered term life insurance riders to maximize their coverage and fit their budget.

Product Information Sheets

To request a personalized product information sheet for Whole Life Insurance, email our sales support team at sales@trustedfraternallife.org. Please include the product name, brand, headshot and the contact information you would like on the sheet.

Important Advisories

Whole Life Insurance ICC19 WL 2; ICC19 WL 2 SPN; 2021 WL 2 FL and 2021 WL 2 FL SPN. Term Life Insurance Rider ICC20 TRM RDR1; ICC20 TRM RDR1 SPN;  2020 TRM RDR1 FL and 2020 TRM RDR1 FL SPN.

15-0055-05/25

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