|
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.
Highlights of this introduction are
as follows:
FLEXIBILITY
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.
INTEREST RATE
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.
EXCHANGE
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.
INCREASED CASH VALUES
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.
GUARANTEES
These plans are based
on the 1980 CSO Table and 4% interest.
| 
