WHOLE LIFE PROTECTION FOR CHILDREN PLAN PAYMENT OPTIONS

With Flexible Paid-Up Options

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Benefit Type: Whole Life Insurance with level death benefit from date of issue.

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Underwriting: Simplified Issue application. If all health questions are correctly answered “No,” the insured child is eligible for coverage. Please submit your applications to new business. 

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Policy Specifications  

Issue Limits: $10,000 to $50,000  

Issues Ages: 15 days to 17 years 

Issue Basis: Male and Female rates 

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PLAN PAYMENT OPTIONS

• Whole Life to age 121:  − Premiums, death benefit, and cash values are guaranteed for lifetime

• Paid-up at age 70 Option:  − Affordable coverage option − Premiums are paid until the insured turns 70 − Policy is paid-up for full face amount − No more premiums due after 70 years

• 20-Pay Option  − Premiums are paid for 20 years − Policy is paid-up for full face amount −

        No more premiums due after 20 years

• 10-Pay Option  − Premiums are paid for 10 years − Policy is paid-up for full face amount −

        No more premiums due after 10 years

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Modal Premium for grandparents insuring their loved ones,

Liberty Bankers Life offers True Social Security Billing.​

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Available Modes of Payment

Annual (there is a 20% premium discount for the first year only when the mode is selected),

Semi-annual,  Quarterly, and Monthly Bank Draft (minimum $15 modal premium). 

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Cutting Edge Technology

A user-friendly Agent Portal website to manage your business,

plus a mobile app for quoting premiums.

 

Agent Added Value  

Gold agents receive the following benefits:

 Monthly bonus of $25 per policy if net issue 8 or more policies for the month.

75% bonus increase on second, third, and fourth year renewal commissions.