Issue link: http://read.dmtmag.com/i/104855
•••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• •••••••••••••••••• 20-Payment Life Benefits • • • 20-Pay Life is paid-up faster. First and foremost, 20-Pay Life is fully paid-up in 20 years. After that, it continues to grow in terms of cash value. Your annual statement will keep you up-to-date on the growth of your certificate. 20-Pay Life is permanent insurance. You will have coverage and access to cash values for as long as you live. That means peace-of-mind knowing your insurance won't run out or have to be renewed. Imagine having permanent insurance for the rest of your life and not having to pay premiums for life. 20-Pay Life saves you premium $s. The savings on premiums on 20-Pay life compared to an Ordinary Whole Life certificate can be substantial. Let's take a 21-year-old female, non-smoker. Her annual premium for a $10,000 20-Pay Life certificate would be $145.40; a total of $2,908 over 20 years. The annual premium for the ordinary whole life certificate for this same individual would be $110.50 but payable to age 100 or 79 years making the total premiums paid $8,729.50. The savings on the 20-Pay certificate is a whopping $5,821.50! For a 21-year-old male, the savings are an eye-popping $6,620. 04! 20-Payment Life Features 20-Payment Life is an affordable alternative to Ordinary Whole Life Insurance and available to a wide range of ages. Here are some key features: 1. Issue Ages – 0 to 65. 2. Minimum Face Amount - $5,000. A $5,000 certificate can be purchase for a female newborn for just $90 per year and on a male for $94 per year. 3. Premium discounts for higher face values. The more you purchase the lower your cost of insurance becomes with 20-Pay Life. While standard premiums are available face amounts up to $9,999, discounts kick in at $25,000; again at $50,000 and the lowest premiums for face amounts over $100,000. 4. Lower Preferred Non-Tobacco rates are available on face amounts of $100,000 and up. 5. Three riders are available with 20-Payment life to enhance your coverage: a. Accidental Death Benefit Rider doubles the payments to beneficiaries upon an untimely accidental death. b. Waiver of Premium Rider protects you from having to pay premiums if you become disabled. c. Term Insurance Rider enables you to supplement your coverage by adding 10-year or 20-year level premium term insurance in an amount up to 5 times the face value of your 20-Pay Life certificate. The NCSF 20-Payment Life Insurance certificate is an often overlooked product in the permanent insurance category. If this article piqued your interest contact you local NCSF insurance producer or the Home Office 1-800-344-6273, Extensions 210 or 234 for premium quotes or additional information. a 20-PaY liFE StratEGY A younger person on a limited budget might consider initially purchasing a smaller amount of 20-Pay Life insurance but add a rider called an Insurability Protection Rider (IPR). This rider guarantees the insured the right to purchase additional insurance the lesser of five times the base amount of $50,000 when additional funds likely become available. The amount of the additional coverage purchased can be as much as the face amount of the basic certificate. While there is a small additional charge for the rider, it ends at age 40 and provides valuable protection should the insured become uninsurable due to an acquired medical condition. Winter 2013 — www.ncsf.com Products/features may not be available in all states. Form 08CE-WL; Form 08CE-WL-KS; Form 08CE-WL-MT LP100; Form # 08CE-WL; form 10CE-WL-IL 25