718-268-9255
718-268-9268LIFE INSURANCE PRODUCT
Permanent Insurance - L65, 20 Pay Life, VIP
| Product | Life Paid Up at 65 (L65) | 20 Pay Life | Value Income Protection (VIP) |
| Description | Guaranteed Death Benefit and higher guaranteed cash value than WL99 or L95 through the insured’s lifetime, as long as required premiums are satisfied. Nonguaranteed dividends can enhance policy values or reduce out-of-pocket premium cost. Level premium payable to age 65. | A whole life product providing level guaranteed death benefits, high early cash values and premiums payable for 20 years. This product is especially tailored for clients who want to complete the premiums in conjunction with a specific life stage such as retirement. | Value, Income, Protection (VIP) has level premiums for a limited number of years, depending on age |
| Riders(*) | -Waiver of Premium -Accidental Death Benefit Rider -Enhanced Accelerated Benefit Rider -Guaranteed Purchase Option -EPUA, SSR,SIO, Plus more |
-Waiver of Premium -Accidental Death Benefit Rider -Enhanced Accelerated Benefit Rider -Guaranteed Purchase Option -EPUA, SSR,SIO, Plus more |
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| Issues Ages | Ages 0-45 | Ages 0-70 | Ages 0-63 |
| Minimum Face Amount | $25,000 | $25,000 | $25,000 |
| Cash Value | Guaranteed Cash values are based on a 4% minimum interest rate. | Guaranteed Cash values are based on a 4% minimum interest rate. | |
| Loans | Loan rate decreases from 8% to 5%, after the later of 20 years or attained age. | Loan rate decreases from 8% to 5%, after the later of 20 years or attained age |
* Subject to state approvals, underwriting and/or additional cost.
This information is intended for educational purposes only. It is for agent and broker use only. It is not for distribution to the public.
