Level Premium Term Insurance

Transcription

1 Term Level Premium Term Insurance Is term insurance right for you? One policy. One premium. One company. A multitude of coverages. 10 % Product issued by Life Insurance Company of the Southwest The Accelerated Benefits Rider for Chronic Illness is not available in California TC77447(0314)3 Cat Form MK2304(0414)

2 A policy so versatile and flexible that it can protect you, your family and your business. If you want a life insurance policy with the flexibility and affordability to protect what s important to you, then take a look at the term life insurance offered through Life Insurance Company of the Southwest. With Life Insurance Company of the Southwest s term insurance, you can be prepared to meet your family s major life event needs under a single, affordable life insurance policy. It s a solution we call... Life Insurance You Don t Have to Die to Use. TC77447(0314)3 2

3 There are many reasons why term life insurance, rather than permanent coverage, may be right for your needs and budget. Do you only need insurance protection until your home mortgage is paid off? Do you have a temporary need for additional coverage for example, until your children have completed their education? Do you need protection for your business just until retirement? Do you need high-quality coverage now at an affordable cost, and want to convert to permanent insurance in the future? One policy. One premium. One company. A multitude of coverages. TC77447(0314)3 3

4 Disability Income Money to help pay your bills Optional rider can provide benefi ts to help pay your bills such as your mortgage and household expenses. Disability Income Rider form series 8054(0798),8065(0798) Pays a fi xed monthly benefi t amount should you become disabled and unable to work for either two or fi ve years TC77447(0314)3 4

5 Two-year Disability Rider Three-month elimination period with retroactive benefi ts Pays benefi ts when you cannot perform the duties of your own occupation Five-year Disability Rider Six-month elimination period Pays benefi ts when you cannot perform the duties of your own occupation for the fi rst two years, for any occupation during the remaining three years you are qualifi ed for Note: Certain occupations are ineligible for coverage. Waiver of Premium Rider form series 8086(0998) Waives your policy premiums should you become totally disabled There is a six-month waiting period before the benefi t is paid If the policy lapses while the benefi t is being paid, it will be paid to you until your disability ends Benefi ts may not be mutually exclusive and the use of one benefi t may affect the availability of another. Disability and Waiver of Premium Riders are optional, involve an additional cost, and may not be available in all states. These insurance riders have exclusions, limitations, reduction of benefi ts, and/or terms under which the rider may be continued in force or discontinued. For costs and complete details of the coverage, call or write your agent or company. TC77447(0314)3 5

6 Accelerated Living Benefits Money for a terminal, chronic or critical illness Benefi ts help pay nursing home care, medical procedures, drug therapies, household expenses and other quality of life expenditures. Accelerated Benefits Riders (ABR) Available at no additional cost Allows you to access all or part of your benefi t to help pay for the costs associated with a terminal, chronic or critical illness Terminal illness rider pays a lump sum distribution Chronic illness rider accelerates up to 2% of the death benefi t each month Critical illness rider pays a lump sum distribution. TC77447(0314)3 6

7 Receipt of benefi ts from the Accelerated Benefi ts Rider will reduce the Death Benefi t otherwise payable under the policy. Receipt of Accelerated Benefi ts may be a taxable event and may affect your eligibility for public assistance programs. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you, your spouse s and your family s eligibility for public assistance. This rider is optional and is not available in all states. LSW currently limits the amount of death benefi t that may be accelerated under all accelerated benefi t riders applying to the same insured. LSW reserves the right to change this limit in the future, however the limit will never be less than $500,000. * Qualifi ed Long-Term Care services: The necessary diagnostic, preventative, therapeutic, curing, treating, mitigating and rehabilitative services, and maintenance or personal care services that are required by a chronically ill individual and are provided pursuant to a plan of care prescribed by a licensed health care practitioner. TC77447(0314)3 7

8 Life Insurance Money for your family A death benefi t can be used to help pay off debts such as a mortgage, fund a college tuition or supplement a spouse s income. 10, 15, 20, and 30-year Term Plans Available Designed to fi t nearly any budget or insurance need Ability to purchase the amount of coverage you need for the time you need it TC77447(0314)3 8

9 Other Available Riders Accidental Death Benefit Rider form series 8050(0798) Pays an additional death benefi t should you die as a result of an accident Will stay in force until the policy anniversary following your 70th birthday, as long as your life insurance coverage remains in force Children s Term Rider form series 8056(0707) Provides term life insurance coverage on all of your children until they reach age 23 Covers any children born or adopted after the policy is issued, and any dependent stepchildren living in your home Unemployment Rider form series 8058(0798) Ability to waive your policy premiums for three months when you have been involuntarily unemployed from your full-time job All riders are optional, may not be available in all states, and involve an additional cost unless otherwise noted. TC77447(0314)3 9

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11 One policy. One premium. One company. A multitude of coverages. TC77447(0314)3 11

12 LSW Level Premium Term Insurance form series 8119, ICC (0613), ICC (0613), 20172, ICC (0613), 20173, ICC (0613), 8120, and applicable riders are underwritten by Life Insurance Company of the Southwest, Addison, Texas. Not available in NY. National Life Group is a trade name representing various affiliates, which offer a variety of fi nancial service products. Life Insurance Company of the Southwest is a member of National Life Group Centralized Mailing Address: One National Life Drive, Montpelier, VT Home Office: Addison, TX TC77447(0314)3