Five easy topics to determine your need for life insurance:
1. College costs
Will your children be able to afford college?
2. Income replacement
Can your family maintain their standard of living without your income?
3. Home mortgage
Will your loved ones be forced to move if they can’t make the house payment?
4. Car loans/credit card balances
Will these bills deplete your savings?
5. Final expenses
Burial costs continue to rise.
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Do you worry about the life insurance needs of your children or grandchildren?
Do you want to help protect their future insurability?
The EMC Life Youth Plus product provides $5,000, $7,500 or $10,000 of term life insurance coverage to age 25 and the option to convert it up to $25,000 of permanent life insurance at age 25. In addition, with the Guaranteed Insurability Option Rider, the insured can add $25,000 at ages 28, 31, 34, 37 and 40. By age 40, your child can have up to $150,000 of permanent life insurance coverage without having to prove insurability ====================================
Individual Products
Through our association with EMC National Life Company, we offer a variety of life insurance and annuity products for individuals. Not all products are approved in all states. Universal Life Insurance U.L is permanent life insurance with an adjustable death benefit and flexible premium payments. Premiums pay the cost of insurance protection and create cash value. Tax-deferred interest adds to cash value. Withdrawals and loans are available.ULTRA CHOICE (policy form ELP003): Small face universal life insurance plan with a term insurance rider for higher coverage at a lower rate.
Term Life Insurance Temporary life insurance for a specified period of time. If the insured dies within the term period, a death benefit is paid to the named beneficiary. Protection ends if the insured is still living at the end of the term period, unless the policy is renewed. No cash value accumulation. It is pure life insurance protection at the lowest cost.ULTRA VALUE® Term (10, 15, 20 or 30 Year)(policy form ELP240): Minimum death benefit is $50,000. The policy guaranteed premiums for selected coverage period of 10, 15, 20 or 30 years. ULTRA Value Term issue ages 18-80. Low cost insurance coverage where price is a major factor. This is ideal life insurance product for mortgage protection, short-term debt, and business/farm insurance. ULTRA VALUE® Term policies can be converted prior to the earlier of the end of the first term period or attainment of age 75. Preferred rates are available.Youth Plus (policy form LP816): Death benefit is $5,000, $7,500 or $10,000. Issue ages range 0-24. Future insurability guaranteed up to $150,000. Good gift plan for grandparents and parents. It is convertible at age 25 up to $25,000. The policy is a single premium or payable over two years.
Return of Premium (ROP) Term Life Insurance Temporary life insurance for a specified period of time with a return of premium benefit. If the insured dies within the term period, a death benefit is paid to the named beneficiary. If the insured is living at the end of the term period, the policy owner will receive the full ROP benefit. The full ROP benefit is on the base policy and return of premium rider only. Premiums paid on optional riders will not be returned.ULTRA VALUE® Term ROP (15, 20 or 30 Year) (policy form ELP240 and rider form ELR247): Minimum death benefits $50,000. The policy has guaranteed premiums for selected coverage period of 15, 20 or 30 years. Issue ages 18-75. It is ideal for mortgage payment/protection, college funding, or pure term alternative. The Return of Premium benefit can also be applied as a single premium to purchase a paid-up whole life insurance policy. All premiums paid, regardless of mode, are returned if the insured is living at the end of the term period and the policy is in force.
Whole Life Insurance Whole life is permanent life insurance that provides a guaranteed death benefit and guaranteed premium payments. Premiums pay the cost of insurance protection and create cash value. Tax-deferred interest adds to cash value. Loans are available.IWL INNOVATOR® [policy form LP300 (10-05)]: Whole life insurance with a nonguaranteed increasing death benefit until declared. However, once declared by the Company, the increased death benefit is guaranteed. Three plan options: Plan 1- Single Premium Simplified Issue, Plan 2- Level Premium Simplified Issue, and Plan 3- Level Premium Fully Underwritten. Issue ages for Plans 1 and 2 are 15-85. Minimum death benefit on Plans 1 and 2 is $2,000. Plan 3 issue ages are 0-85. Minimum death benefit for Plan 3 is $100,000. Several premium payment options (depending on the plan option selected) including single premium, 5-pay, 10-pay, 20-pay and continuous to age 121. Good policy for family protection, to transfer wealth from one generation to the next and final expense planning. The Young American provides coverage for ages 0-14, simplified issue with single, 5-pay, 10-pay, 20-pay and continuous to age 121. Young American face amounts from $2,000 - $35,000.
Disability Income Insurance Rider (policy form LP715) This endorsement provides monthly income to the policy owner at an affordable cost in the event of total disability of the insured. It can be added to ULTRA CHOICE UL, ULTRA VALUE® Term and ULTRA VALUE® Term ROP. Minimum benefit is $250.00 per month. Maximum benefit is 1% of the amount of the base policy up to $2,500 per month. Benefits will be paid for up to 24 months for any one period of total disability. Issue ages 20-60. Available on Primary Insured and Additional Insured, if both qualify. There is a 30 or 90-day elimination period before benefits are paid.
