Insurance Coverage Options

Alfa offers several options to help you get the most from your life insurance program and to meet your family’s insurance needs.

Accidental death benefit is paid if the insured dies accidentally.

Children’s term insurance provides for a level death benefit for each insured child to age 25. If you (our insured) die during the term, the children’s term policy is paid up until the child reaches age 25. May be purchased for a child age 0-18. Each insured child can convert to an individual permanent policy up to five times the rider amount on the date the child’s coverage is due to expire.

Guaranteed purchase option allows you to buy additional coverage at certain times even though you may have become uninsurable due to a terminal illness, for example.

Guaranteed renewability benefit provides for the renewal of your Level Premium Term at the end of the level premium period or your Return of Premium policy at the policy expiration, regardless of your health.

Premium insurance prevents cancellation of a policy on your child’s life to age 25 if you (the premium payor) die or become disabled. May be purchased for a child age 0-14.

Spouse level term option provides convenient, cost-saving, level-term coverage for a spouse up to age 65. May be converted to a permanent plan of insurance at any time prior to the expiration of the rider.

Waiver-of-premium benefit keeps your insurance policy in effect without payment of premiums while you are totally disabled.

Flexible payment schedule allows you to pay your premiums monthly, quarterly, semi-annually or annually.

How do I know which plan is best for me?

By completing a financial needs analysis, your Alfa agent can help you determine your family’s financial situation. By taking a few moments of your time, you can have the peace of mind that your family will be protected financially in the event you or your spouse die prematurely.

* Payments withdrawn during the first 10 years of the annuity contract will be subject to an early withdrawal charge. Please refer to the annuity contract and illustration for additional information. Tax penalties may apply to withdrawals made before the contract purchaser reaches age 59 1/2. Your tax advisor can assist you with the tax implications of annuity withdrawals.


Source: http://www.jenniferanglininsurance.com