WHOLE LIFE PROTECTION FOR CHILDREN PLAN PAYMENT OPTIONS
With Flexible Paid-Up Options
Benefit Type: Whole Life Insurance with level death benefit from date of issue.
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.
Issue Limits: $10,000 to $50,000
Issues Ages: 15 days to 17 years
Issue Basis: Male and Female rates
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
Modal Premium for grandparents insuring their loved ones,
Liberty Bankers Life offers True Social Security Billing.
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).
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.