Eugene Whole Life Insurance
Whole Life Insurance is a Permanent form of Life coverage that is provided for the insured's lifetime. Whole Life insurance policies build cash value that the policy owner may borrow during the insured's lifetime, with a reasonable interest rate. If there is an outstanding loan at the time of the insured's death, the death benefit is lowered by the loan amount.
- Whole Life Insurance: Premiums are usually level, and guaranteed for the life of the policy. If you want the security of traditional whole Life insurance, and the flexibility to add special one year term and single premium riders and other options. It also has an Excess Credits feature that can mean added insurance benefits or cash back. This can be great solution for:
* Young adults just beginning an insurance program
* Families needing protection while saving for the future
* Professionals who require a lot of short-term insurance coverage with the optional One Year Term Rider Farmers Premier Whole Life is a nonparticipating policy that features level premiums guaranteed over the life of the policy, a level death benefit (for the base policy) and guaranteed cash values.
- Fixed Premium Whole Life: Farmers Fixed Premium Whole Life13 is a permanent policy designed for fast underwriting of smaller death benefit amounts. This policy may be able to fill a variety of client needs including:
* Older customers, particularly those age 55 and older, who are interested in a policy to cover final expenses.
* Associations or organizations seeking small amounts of insurance for members who have no employer/employee relationship.
* Farmers Fixed Premium Whole Life is specifically designed for efficient underwriting and issue service. Although this is not a guaranteed issue product and each application will be underwritten, in most cases a policy can be issued within a few days.
Fixed Premium Whole Life has these two important features:
* Constant level of protection and constant premiums until age 100.
* Built-in cash value, guaranteed to increase at 4.5% annually for the life of the policy.
Fixed Premium Whole Life is a nonparticipating whole Life insurance product that provides a level amount of protection with level premiums to age 100. The policy features guaranteed cash values at a 4.5% interest rate. Policy loans, as well as Reduced Paid-Up and Extended Term nonforfeiture options are available. If the insured is living at age 100, the face amount, less any outstanding loan, is paid as an endowment.
Visit our Eugene Insurance Agency, or call our office, for a quick FREE Whole Life Insurance quote to compare Eugene Whole Life Insurance rates. You may also submit the form below and we will contact you within one working day.
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