Premier Series Insurance

[Features & Benefits] [Policy Details] [Request a Life Insurance Quote]

This product is designed to complement our group life program by providing a choice of three competitively priced term insurance plans.

Existing customers with loans totaling at least $75,000 are eligible. Some restrictions apply.

This product's competitive rates compare favorably with individual term insurance. Although applicants are fully underwritten as with individual insurance, the application is very simple to complete. Applicants are required to complete a medical exam for underwriting.

Features and Benefits

Feature	Benefit
Individual life policy.	You can keep the policy even after your loan is paid off.
Guaranteed renewable.	Eliminate the worry of losing insurance protection -- your policy is guaranteed to be renewable as long as premiums are paid.
Volume discounts.	You pay less for your coverage because of the efficiencies of a large policy.
The insurance amount remains level each year.	Coverage remains level so you can cover all your insurance needs with one policy.
Choice of small annual increase in premium or guaranteed level premium amount for either a five or ten-year period.	You have the choice of either leveling your cost over five or ten years, or paying the lowest cost this year.
Discount given to non-tobacco users.	Reduced rates are given to low-risk applicants.

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Policy Details

Premier Life Term Insurance Product Description Minnesota Life

Issue Ages	18-70
Age Coverage Terminates	None
Minimum Amount	$75,000
Maximum Amount	None
Premium Rates	Rates are based upon applicant's health underwriting, tobacco usage, gender and insurance amounts.
Discounts	Volume discounts for policies $100,000 - $249,999, $250,000 - $499,999, and $500,000 or greater.
Exclusions	Suicide excluded during the first two policy years (not applicable in Missouri).
Beneficiary	Anyone can be named beneficiary.
Plan Options	Annual Renewable Term 5-Year Renewable Term 10-Year Renewable Term Annual premium and amount of insurance remain level for the term of the insurance - either 1, 5 or 10 years. Then insured may renew coverage without answering any health questions or undergoing any exam. The insured's premium rate will correspond with his/her age on the policy anniversary.
Assignment	Transfer of ownership is permitted under this policy
Conversion	No conversion privilege
Alternative Option	Should the applicant not qualify for standard cover, he/she may receive at the insurer's option, an alternative offer for protection at a lesser amount of insurance or the same protection at a higher premium.

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