Versatile Life ® Insurance
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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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Product Highlights:
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Is this product flexible?
Yes, there are thirteen different policy types of Versatile Life ®.
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1 Pay
3 Pay
5 Pay
6 Pay
7 Pay
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10 Pay
11 Pay
15 Pay
20 Pay
Tri-Guard
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* Joint Life
Increasing Benefit
Life Payment Plans
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* Joint Life (a 15-Pay, first to die plan)
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What is the current Interest rate?
The interest rate for the Insurance Fund is 4.25% with an additional bonus .25% payable in year 15 for the life of the policy.
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Can you roll lump sums into this 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.
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Can you increase the policy cash value?
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.
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What is the Guarantee?
These plans are based on the 2001 CSO Table and Guaranteed 4% interest.
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