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 Life
Settlements
What Is It?
Family Protection Insurance is an innovative 10�year term plan that
covers the family using one policy. Like the recently introduced
Custom Whole Life product, Family Protection Insurance is unique �
no other company has a term product as comprehensive or as flexible.
One�Stop Shopping
Young families are often busy and mindful of their budget. They�re
also looking for simplicity. That�s why Family Protection Insurance
offers "one�stop shopping" with affordable life insurance protection
for the family.
Innovative Features:
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Affordable term life protection
for two adults (including domestic partners).
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$10,000 coverage for each child
at no additional cost � including children yet to be born!
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Ability to increase face amounts
for each adult by units of $50,000 ($100,000 maximum) every other
year during the first ten years, up to a total amount of term
insurance of $500,000 on each life.
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Increases in face amount can be
made without evidence of insurability and at original age premium
rate per thousand cost.
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Conversion privilege allows
adults and children to buy permanent insurance without proof of
insurability.
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After conversion to permanent
insurance, as long as there is at least $100,000 of term insurance
left on each adult, the adults� Family Protection term coverage
can be rebuilt.
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During difficult times or
hardship situations, decreases in coverage amounts are permitted.
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Beneficiaries receive an extra
$200,000 should both adults die within the first ten policy years
(does not have to be a simultaneous death).
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