AmeriLead, LLC

Permanent Life*

 

The Benefits of Permanent Life

  • A guaranteed death benefit
  • Income tax free death proceeds
  • Guaranteed cash value
  • Ability to customize the plan to fit the need of the policyholder

 

The Uses of Permanent Life


  • Traditional Insurance Protection:
    Financial security for your loved ones in the event of an untimely death.
  • Mortgage Protection:
    Customizable with riders to meet the different needs of mortgage protection.
  • Education Funding:
    Coverage for the education needs of a loved one in the event of a premature death.
  • Charitable Giving:
    Proceeds can be used to make a donation to your favorite charity.
  • Business Buy/Sell Agreement:
    Protect your business assets by using whole life to fund a buy/sell agreement in the event of death.
  • Pension Maximization:
    Allows your client to retire and select the "single life" pension options. Upon the death of the pensioner, the surviving spouse utilizes the life insurance proceeds to provide retirement income.      

ProPlus – is a non-participating traditional whole life product which offers guaranteed death benefits, guaranteed premium payments, and guaranteed cash value to meet your needs. Additionally, unique riders exclusive to this product are available. The ProPlus is a permanent life plan with added flexibility to meet your needs today and in the future.

 

Policy specifications:

  1. Issue ages 0-80 (EXCEPT IN WASHINGTON)
  2. Minimum Face Amount:
    • Ages 0-17........................ $10,000
    • 18-21............................. $10,000
    • 22-80............................. $15,000
    • 18-80............................. $100,000 (preferred)

 Available Riders

  • Accelerated Benefit: In the event the insured becomes terminally ill allows for a portion of the policy to be available.
  • Legacy Level Term Rider: A 10-, 15-, or 20-year level term rider with $100,000 minimum face amount. May be converted prior to insurance age 70 to a permanent plan.
  • Accidental Death Benefit: Additional benefit paid on death due to an accident.
  • Children's Rider: Child Coverage: $1,000 of level term coverage for each covered child. Issued from 15 days old to 21 years. Expires at age 25 and can be converted to permanent coverage.
  • Waiver of Premium: When total disability occurs before age 60 and continues for more than six months, the premium will be waived during the continuance of total disability up to the expiry date of the policy.

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* Information is used to show example of product, all policies have different guidelines per the applicant.