Guaranteed Life is a type of permanent life insurance policy that is typically geared toward people with health conditions that prevent them from obtaining other forms of life insurance.
Whole Life is permanent insurance providing coverage for the insured's entire life, as long as premiums are paid as specified in the policy contract. Whole life insurance builds cash value, which the policyowner can access through a loan or partial surrender.
* Simple Security Whole Life plan is whole life insurance designed for individuals and families who need a small amount of insurance and for those who need to have their premiums collected by an agent. Simple Security is available in amounts from $5,000 to $15,000 (policies as low as $2,500 for ages 50-85).
* Life's Solutions is a permanent policy with premiums payable to age 90, but your agent can help you plan ahead and achieve a reduced paid up policy in just 10 or 20 years by using the high guaranteed cash values. Life's Solutions is available in face amounts from $20,000 to $500,000 and the wide variety of optional riders allows for customized coverage to fit family needs
Term Life provides coverage on the insured for a set number of years.
* Level term insurance available in amounts from $20,000 to $350,000 with no medical exam required. Policies with a 10, 15, 20 or 30 year initial term period, and can be renewed to age 100 or converted to permanent insurance after the second policy year. Eligibility is based on your answers to the application health questions.
Final expense is a life insurance policy that has a lower death benefit, usually intended to cover final expenses and burial costs. This policy is a good option if you have pre-existing conditions that may prevent you from obtaining traditional insurance plans.