Mutual of Omaha Insurance Company
- A Whole Life Guaranteed insurance policy offers:
- Up to $25,000 in coverage
- Guaranteed coverage for those aged 45-85
- No medical exam or health questions
- No decrease in benefits or increase in premiums
- Builds cash value to borrow against
A Whole Life Guaranteed policy also includes a graded death benefit. If death occurs from natural causes (not accidental) during the policy’s first two years, the beneficiary will receive all premiums you paid plus 20 percent. Once the two year period ends, the beneficiary will receive the policy’s full benefit.
A Whole Life Guaranteed policy also includes a graded death benefit. If death occurs from natural causes (not accidental) during the policy’s first two years, the beneficiary will receive all premiums you paid plus 20 percent. Once the two year period ends, the beneficiary will receive the policy’s full benefit.
What is universal life insurance?
Universal life insurance is a type of permanent insurance, which means it provides coverage for life. When the insured dies, the policy leaves a guaranteed amount of money to the named beneficiaries. That amount is called a death benefit.
In addition to the death benefit, universal life insurance also contains a cash value. The cash value grows tax-deferred until funds are withdrawn.
Unlike term and whole life insurance, universal life insurance provides an additional level of flexibility. It allows policy owners to modify the amount and frequency of premium payments as long as there is sufficient cash value in the policy to cover monthly deductions.
Universal Life Policies from Transamerica
Transamerica offers the following types of universal life insurance products:
- Index universal life insurance: Index universal life insurance offers flexible insurance premiums combined with an index account. The index account provides the potential for earnings based on an index.
- Group universal life insurance: Universal life insurance provided through employers for a number of individuals.
- Variable universal life insurance: Inclusive variable universal life insurance that allows for the cash-value portion of your policy to be invested.
Life and Health Agents Needed
Insurance Brokers International. Inc.
Quotes
sherifmone@aol.com
Long Beach, California
