KANSAS CITY LIFE INSURANCE COMPANY. Cashback Life. Return of Premium Life Insurance

Transcription

1 KANSAS CITY LIFE INSURANCE COMPANY Cashback Life Return of Premium Life Insurance

2 Like most smart consumers you know life insurance is one of the best ways to ensure your family s dreams are protected. But what kind of life insurance? Although term insurance is considered the lowest cost life insurance, many consumers feel their term premiums are wasted if they outlive the coverage. And permanent insurance can sometimes be more than your current budget allows. Kansas City Life s Cashback Life 20 and 30 provide you many options you won t find with traditional term insurance. With our return of premium life insurance, you can provide solid life insurance protection for your family with the guaranteed death benefit. If you outlive your policy, you get something tangible back the return of all eligible premiums paid* when the level term period is up. With protection and the return of your premiums, Cashback Life from Kansas City Life Insurance Company makes sense. Life insurance that can return premiums You ll find real value in Kansas City Life s Cashback Life 20 and Cashback Life 30. Take a look at all you can enjoy: Affordable premiums that are guaranteed in all years and remain level for 20 or 30 years.

3 100 percent of eligible premiums are guaranteed to be available to you at the end of 20 or 30 years if still living.* Privileges that allow you to convert** your plan to an eligible Kansas City Life permanent life insurance policy regardless of your health at the time of conversion. Flexible premium payment schedules. You can choose annual, semi-annual, quarterly or monthly billing. Or, you can pay your premiums automatically each month from your checking account. Availability of policy loans. Nonforfeiture provisions available. Better than term What if you bought term insurance and saved the difference? Let s review how much tax-free money a healthy, 30-year-old male could be paid back if he covered his life for $250,000 with Cashback Life. Your representative can furnish you with quotes for your age, coverage amount and tobacco user status. This example assumes standard nontobacco and a 30-percent tax bracket. The before tax return may be higher or lower based on age, gender and rate class. $250,000 Insurance Policy Level 20 Term $32 monthly premium If still living in 20 years, receives $0. Level 30 Term $50.45 monthly premium If still living in 30 years, receives $0. Cashback Life 20*** $66.87 monthly premium If still living in 20 years, receives $16,050 tax-free. Cashback Life 30*** $66.87 monthly premium If still living in 30 years, receives $24,075 tax-free. Difference = $34.87 This means a 8.37% return. Difference = $16.42 This means a 11.27% return. *Excludes riders and substandard premiums. **Convertibility is the earlier of the policy anniversary nearest the insured s 65th birthday or the10th policy anniversary (20th policy anniversary if Cashback Life 30). No conversion credit other than cash value is available. ***Premium may vary by state. Although the 30 year old above may have paid more for his Cashback Life policy than the level term insurance, with the Cashback Life he was able to make a return on that money if he outlives his policy.

4 Rider choices to fit your needs and lifestyle At a competitive cost, you can enhance your coverage by adding the following riders. Accidental Death Benefit Provides an additional death benefit in the event of accidental death. Benefit maximum is equal to initial face amount. Issue age range is 20 to 60. Children s or Spouse Term Insurance You can add decreasing term life coverage for your spouse or level term for children up to age 17 at a very affordable premium. Income Assured Option You can designate a lump sum benefit which is immediately paid out at proof of death. In addition, you can also designate an installment benefit amount paid for a designated number of installment benefit years. Terminal Illness Rider If diagnosed with a terminal illness, you may be eligible to receive an accelerated death benefit. Benefit maximum is 50 percent of the policy s face amount and can be added at issue or any time after issue. There are no premiums or additional costs for this rider. Waiver of Premium Waives the premium during a period of total disability when the disability occurs before age 60 and exceeds six consecutive months. Premiums paid for rider benefits or substandard ratings are not included in the return of premium calculation. The cash value at the end of 20 or 30 years equals all premiums paid for current base coverage only.

5 The right protection from the right company If you value stability, you can take comfort in knowing that Kansas City Life has a proud tradition of assuring security since Our reputation is built on integrity, sound investment strategies and honest business practices. We stand behind every promise we make and we have for more than a century. Our financial strength and commitment to our policyholders are reflected in our strong ratings from one of the insurance industry s most respected analysts, A.M. Best. You can count on us to be here when you need us now and in the years to come. Act now to help ensure your family s future There s no better time than right now to take action. Contact your representative today and ask how we can help assure your future financial strength. The coverage described in this brochure is for Cashback Life 20 and Cashback Life 30, products of Kansas City Life Insurance Company (Home Office: Kansas City, Mo.) Policy forms J183 or J184; rider forms R214 (WP), R102 (ADB), R210 (STI), R207 (CTI), M652 (IAO) and R195 (TIR). Form numbers may differ by state. Cashback Life may not be available in all states Broadway Kansas City, MO m