Life Insurance

Life Insurance

Term Life Insurance

Term life insurance provides protection for a specified period of time. If you die within the term period, a death benefit is paid to your named beneficiary. Protection ends if you are still living at the end of the term period, unless you renew the policy. Term life is a good option for covering needs that may diminish in time.

Term Select Highlights:

Protect yourself and your loved ones.

Term Select is low cost term insurance and the ideal life insurance product for mortgage protection, short-term debt and business/ farm insurance.

Term Select features the following:

  • 5-, 10-, 15-, 20-, 25- or 30-year term plans
  • Guaranteed level premiums
  • Minimum death benefit: $50,000
  • Convertible term policy
  • Additional Insured Term Rider, Term Insurance Rider for Children, Waiver of Premium Disability Benefit Rider, Accidental Death Benefit Rider, Accelerated Death Benefit Rider, Seat Belt Benefit Rider, Unemployment Benefit Rider, Total Disability Income Benefit Rider and Term Insurance Rider with Accelerated Benefit (CI Rider), in states where approved

Instant Issue Term (iit):

Because your time is precious.

With Instant Issue Term, in just minutes, you can apply for and walk out of your agent’s office with your policy in hand, leaving plenty of time for you to do the other things you love. iit is a quick coverage option for new auto owners or homeowners and people looking for one-stop shopping. iit is great for people in excellent health.

Instant Issue Term Highlights:

  • Available exclusively online; no paper applications
  • Accept/reject underwriting based on simplified online application process
  • Convenient, fast and easy; issued instantly
  • Credit card payment accepted**
  • 5-, 10-, 15-, 20-, 25-, or 30-year term plans in amounts from $25,000 – $250,000
  • Guaranteed premiums and death benefit amount
  • Accelerated Death Benefit Rider and Seat Belt Benefit Rider included, in states where approved, at no additional cost

Easy Choice Term:

Insurance isn’t a difficult decision—it’s an Easy Choice.

Whether you purchased a new car, remodeled your kitchen or attended college, you may have incurred short-term debt. Easy Choice Term is a simple low-cost, hassle-free 5-year term life insurance product that can cover your short-term debt. Easy Choice Term is a simple and thoughtful way to make sure your obligations don’t become your loved-ones’ burden.

Easy Choice Term Highlights:

  • No medical exams
  • Simplified underwriting
  • Short form application
  • Issue ages 18-70
  • Coverage amounts from $5,000 – $100,000
  • Five years of coverage with 5-year renewable option
  • Accelerated Death Benefit and Seat Belt Benefit Riders included at no additional cost—subject to state approval

Youth Plus Term:

This may be the most important gift you will ever give.

Youth Plus Term is a parent’s, grandparent’s or other loving relatives gift that provides future security for the children they love. Youth Plus Term, a small face term life insurance policy, provides two-stage lifetime insurance protection.

Youth Plus Term Highlights:

  • Death benefit options of $5,000, $7,500, $10,000 or $20,000
  • One single premium or two year payment plan available
  • Convertible at age 25 to a permanent plan being offered by EMCNL, up to $25,000 without evidence of insurability
  • Guaranteed Insurability Option Rider can be purchased if converted to a universal life policy, without evidence of insurability; $150,000 total coverage available by purchasing $25,000 at ages 28, 31, 34, 37 and 40
  • Available online through your agent
  • Convenient, fast and easy; issued instantly if qualified
  • Credit card payment accepted**

** Credit card payment is not accepted in MD, NC and PA. Annual payment mode is not available in ME. For Youth Plus Term, non-monthly modes are accepted only.     Credit card payment is not accepted for monthly check plan.

 Universal Life Insurance

Your life changes, so do your life insurance needs.

Universal life (UL) insurance offers the flexibility to change your policy as your life changes. Marriage, children, job status and time can impact your life insurance needs. When premium requirements are met, a UL policy provides permanent life insurance protection with cash value accumulation.

ULTRA CHOICE UL (policy form ELP003):

ULTRA CHOICE UL is permanent life insurance with an adjustable death benefit and flexible premium payments. Tax-deferred interest adds to cash value.

 ULTRA CHOICE UL Highlights:

  • Low face amounts from $10,000 or the amount $300 minimum premium will purchase
  • Withdrawals and loans available – borrow from the cash value at a low interest rate
  • Additional Insured Term Rider, Waiver of Premium Benefit Rider, Accelerated Death Benefit Rider, Accidental Death Benefit Rider, Term Insurance Rider for Children, Seat Belt Benefit Rider, Guaranteed Insurability Option Rider, Total Disability Income Rider and Term Insurance Rider with Accelerated Benefit Rider (CI Rider), in states where approved

Whole Life Insurance

Secure the financial future of your family.

Whole life insurance offers permanent life insurance protection with a guaranteed death benefit and guaranteed premium payments. Premiums pay the cost of insurance protection and create cash value on a tax-deferred basis. Loans are available.

Point-of-Sale Guaranteed Increasing Whole Life (policy form ICC12ELP022 or ELP022):

Point-of-Sale Guaranteed Increasing Whole Life is designed to help cover final expenses, such as the costs associated with funeral and burial expenses. In addition, it can help cover other financial obligations that may be incurred at the death of a loved one, such as car loans, student loans or credit card debt.

Point-of-Sale Guaranteed Increasing Whole Life Highlights:

  • Multiple guarantees: Increasing death benefit, level premiums and cash values
  • Immediate underwriting decision provided by the end of the phone call
  • Coverage amounts from $2,000 – $150,000
  • No medical exam
  • Issue ages 18-85
  • Accelerated Death Benefit Rider and Seat Belt Benefit Rider available, in states where approved

Youth Whole Life:

Youth Whole Life provides protection for a lifetime at a guaranteed fixed price.

Youth Whole Life Highlights:

  • Guaranteed death benefit, cash values and premiums
  • Coverage amounts from $2,000 – $50,000
  • Options for the future (surrender cash values or reduced paid-up insurance)
  • Several payment options: continuous pay, 5-pay or single pay
  • Accelerated Death Benefit Rider, Seat Belt Benefit Rider and Additional Paid-Up Insurance Rider available, in states where approved

Level Whole Life (Continuous Pay) :

Level Whole Life offers flexibility traditionally not found in whole life products, while still providing lifetime protection that is fully guaranteed.

Level Whole Life Highlights:

  • Guaranteed death benefit and cash values
  • Covers both short and long-term needs
  • No limit on the face amount of any term riders
  • Issue ages 18-85
  • Coverage amounts from $2,000 – $1,000,000
  • Additional Paid-Up Insurance Rider, Additional Insured Term Rider, Waiver of Premium Disability Benefit Rider, Term Insurance Rider for Children, Total Disability Income Benefit Rider, Term Insurance Rider with Accelerated Benefit (CI Rider), Accelerated Death Benefit Rider and Seat Belt Benefit Rider available, in states where approved

Level Whole Life (Single Premium):

Level Whole Life is designed to provide an alternative to CDs and annuities by providing an income tax-free way to transfer money to future generations or a favorite charity.

Level Whole Life Highlights:

  • Guaranteed death benefit and cash values
  • Liquidity in case of an emergency
  • Competitive return on investment
  • Issue ages 18-85
  • Faster underwriting decisions for face amounts below $250,000
  • Accelerated Death Benefit and Seat Belt Benefit Riders included at no additional cost

 

Increasing Whole Life:

Increasing Whole Life is designed to provide a guaranteed increasing death benefit and superior cash values while maintaining a guaranteed level premium.

Increasing Whole Life Highlights:

  • Death benefit that is guaranteed to increase until it doubles in year 29 (death benefit remains level after year 29)
  • Coverage amounts as low as $2,000
  • Guaranteed increases help keep up with rising funeral costs
  • Additional Insured Term Rider, Waiver of Premium Disability Benefit Rider, Term Insurance Rider for Children, Total Disability Income Benefit Rider, Term Insurance Rider with Accelerated Benefit (CI Rider), Accelerated Death Benefit Rider and Seat Belt Benefit Rider available, in states where approved

Easy Choice Whole Life:

The power of peace of mind.

Planning for final expenses, covering debts and leaving a legacy are stressful decisions many people avoid. However, making choices about these matters does not have to be difficult. Easy Choice Whole Life is intended to provide quick and easy coverage for long-term needs.

Easy Choice Whole Life Highlights:

  • No medical exams
  • Simplified underwriting
  • Short form application
  • Issue ages 18-80
  • Coverage amounts from $5,000 – $50,000
  • Guaranteed cash values, level death benefit and level premiums
  • Accelerated Death Benefit and Seat Belt Benefit Riders included at no additional cost—subject to state approval

Disability Income Rider:

You insure assets such as your home and car, but your most important asset is your ability to earn an income.

The Disability Income Rider can be added to your new individual term, universal or whole life insurance policy to help protect you and your loved ones from loss of income due to disability or death.
Disability Income Rider Highlights:

  • Maximum benefit amount of 1% of total face amount up to $5,000 per month
  • Insured is totally disabled if unable, due to sickness or injury, to perform all of the material and substantial duties of his or her regular occupation
  • Benefits are not coordinated with Social Security or Workers’ Compensation
  • Elimination period options of 30, 60 or 90 days before benefits are paid
  • Benefit period up to two years
  • Terminal Illness benefit

 

Critical Illness Rider:

With improved medical technology, your chance of surviving a critical illness is very high; however, your finances could be in jeopardy.

The Critical Illness Rider can be added to your new individual term, universal or whole life insurance policy to help you protect your loved ones from life’s whens andifs: loss of life and the financial burden that can come with surviving a critical illness.

Critical Illness Highlights:

    • The Critical Illness Rider is a 5-, 10-, 15-, 20-, 25- or 30-year term life insurance rider with an accelerated benefit.
    • Benefit amounts from $10,000 – $100,000
    • Issue ages 18-60
    • Provides coverage for the selected term period of 5-, 10-, 15-, 20-, 25- or 30-years or to age 70, whichever is less.
    • NNon Tobaccoand tobacco rates
    • Upon diagnosis of a covered critical illness, the Critical Illness Rider provides a lump-sum cash payment up to 100% of the face amount of the rider

Covered Conditions

Advanced Stage Cancer
Heart Attack
Stroke
Kidney Failure (End-Stage Renal Disease)
Major Organ Failure
Early Stage Cancer (25% benefit)
Coronary Artery Bypass Surgery (25% benefit)

 

    • Any accelerated benefit will be deducted from the life insurance amount of the rider, not from the base life insurance policy
    • Upon death of the insured – if no accelerated benefits are paid and the policy and rider are still in force – a death benefit for the Critical Illness Rider will be paid, in addition to the death benefit of the base life insurance policy

 

 

* Not all products and riders are approved in all states. Complete product and rider details are contained in the respective policy forms for each product and may vary by state.