Membership

10 Year and 20 Year Term Level premium plans with a fixed term coverage. Although these plans do not offer cash value or reinstatement provisions they provide protection at a lower cost than whole life. All these Term plans are convertible to a whole life at any time during the term of the contract, by request of the insured and before the insured’s 60th birthday and for an amount equal or lower than the original coverage amount. The Conversion provision does not require additional proof of insurability or medical examinations.

  • Lower cost
  • More purchase power
  • Conversion provision

Young families planning for their children’s education and raising needs. The conversion option makes these plans very attractive because it allows the insured to convert the plan to a whole life.

Level premium plans with a fixed number of premium payments. These Plans offer cash value accumulation and re-instatement options. Excellent product when planning costs of insurance The Conversion provision does not require additional proof of insurability or medical examinations.

  1. Cash Value accumulation
  2. Forecasting the total cost of insurance
  3. Policy Loans may be granted against the cash value (loan may not exceed 80% of available cash value)
  4. Policy may be re-instated up to 5 years from last due date (medical approval may be required)
  5. Lower Face limit amounts than Flexlife II

Excellent product for someone who wants to buy or offer insurance protection, but wants to budget and manage the cost of coverage.

Level premium plans with a fixed number of payments and fixed term. Unlike term insurance these plans offer cash value accumulation, re-instatement options and policy loans. At the end of the 20 or 30 year term, insured will be paid the total premiums paid minus council dues and any indebtedness they may have.

  1. Lower cost than whole life plans
  2. Policy Loans may be granted against the cash value (loan may not exceed 80% of available cash value)
  3. Policy may be re-instated up to 5 years from last due date (medical approval may be required)
  4. Cash Value accumulation
  5. Forecasting the total cost of insurance
  6. Reimbursement of premiums. At the end of the Term member gets reimbursed for all premiums paid except the Council dues.

Young adults and families who want to buy insurance protection for a determined number of years with the assurance that at the end of the term they will get the premium amount returned to them.

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