North Coast Life is proud to offer Versatile Life ®. Since its introduction in 1981, we have continually improved Versatile Life ® to provide our Clients and Representatives with the best product available in the marketplace. As you examine these policies, you will discover they are, in fact, a step into the future of interest-sensitive products.

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Highlights of this introduction are as follows:

There are thirteen different forms of Versatile Life ®. Policies are available on 1, 3, 5, 6, 7, 10, 11, 15, 20 or life payment plans, plus Tri-Guard, Joint Life (a 15-Pay, first to die plan) and Increasing Benefit. The special preferred risk 6-Pay and 11-Pay Plans have been designed to give you a competitive portfolio of plans for you.

The interest rate for the Insurance Fund is 4.75% with an additional bonus .25% payable in year 15 for the life of the policy.

A Versatile Life ® policy has the capability of accepting a lump sum pour-in to the new policy value to reduce premium. This exchange option is available only at issue and works well with IRS 1035 exchanges.

This death benefit rider is available for the following plans: 1-Pay, 3-Pay, 5-Pay, Special 6-Pay, 7-Pay, 10-Pay, and Special 11-Pay. The death benefit amount provided by this rider is equal to the insurance fund through the later of age 65 or policy year 10. The death benefit then remains level for the remainder of the policy term. Premiums for this benefit are payable at issue for the Single Premium plan. For other plans the premium period is extended as needed. If a redetermination would cause the premium period to exceed life, benefits under this rider will be limited.

A Versatile Life ® plan has the capability of accepting continued premiums AND includes a Flexible Premium Drop-In Rider to increase cash values at current interest on a tax-deferred basis. The drop-in rider allows as little as $10 per month, giving you an excellent savings vehicle.