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Life Insurance
Group Term Life & Optional Disability
Insurance is for income and loan protection. Insurance is available
up to the total amount of your indebtedness. There are 3 plans
available that include Guaranteed Issue, Simplified Issue, and
Jet Underwriting. Term is annually renewable with some restrictions
for age and size. These products are quick and convenient with
minimal paperwork and underwriting. Policies can remain in effect
up to 2 years after all loans are paid and then converted to individual
policies.
Premier Series Insurance is guaranteed renewable level term insurance. Terms are available in 1, 5, and 10 year policies. Minimum policy is $75,000 with no maximum. Policy remains in effect beyond loan payoff as long as premium is paid. Underwriting and health exam required.
Genworth Insurance is level term insurance. Terms are available in 10, 15, 20, and 30 year policies. Minimum policy is $50,000 with no maximum. Policy remains in effect beyond loan payoff as long as premium is paid. Underwriting and health exam required. Policy is convertible to permanent insurance. Very competitive rates.
Old Mutual Life Insurance is level term insurance. There are two products: Home Certain and Saver Select. Terms available are 10, 15, 20, 25, and 30 year policies. Minimum policy is $25,000. These products have some unique riders including return of premium, disability, critical illness, child rider, waiver of premium, and accidental death.
Banner Life Insurance is level term insurance product called “OPTerm”. Terms available are 10, 15, 20, and 30 year policies. Minimum policy is $100,000. Policy remains in effect beyond loan payoff as long as premiums are paid. Underwriting and health exam required. Available with Waiver of Premium rider.
ING Life Insurance is level term insurance. There are three products: HomeGuard, HomeGuard Select, TermSmart and TermSmart ROP. Terms available with terms from 10 to 30 years. Minimum policies range from $25,000 to $100,000 depending on product. Policy remains in effect beyond loan payoff as long as premiums are paid. Underwriting and health exam required for all products, except HomeGuard. These products offer unique riders including Waiver of Premium – Disability, Accelerated Death Benefit, Waiver of Premium – Employment, Return of Premium, Critical Illness, Accident Only Disability, and Children’s Term Rider.
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