Versatile Life is a series of
interest-sensitive whole life plans with many of the features
found with universal life plans. North Coast Life is the only
company with a complete "family" of these exciting plans, all
utilizing the same basic policy form structure to meet the
insured's specific needs.
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Limited Pay
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This feature assumes the current interest rate remains the same for the life of the plan.
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LP1
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Single premium life insurance policy (limited pay plan).
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LP3
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Limited pay plan in 3 years.
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LP5
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Limited pay plan in 5 years.
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Special LP6
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Preferred risk, limited pay plan in 6 years for larger face amounts. Among the most competitive on the market.
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LP7
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Limited pay plan in 7 years.
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LP10
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Limited pay plan in 10 years.
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Special LP11
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Preferred risk, limited pay plan in 11 years for larger face amounts. Among the most competitive on the market.
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LP15
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Limited pay plans in 15 years. One of our most popular limited pay plans.
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LP15-JL
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Joint Life. Limited pay plan in 15 years covering two lives. A first to die plan.
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LP20
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One of our most popular limited pay plans, in 20 years.
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OL
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Ordinary Life. Premiums payable for life.
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IB
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Increasing Benefit. A limited pay level premium policy with premiums projected in 20 years with the death benefit increasing 5% a year for 20 years causing the overall benefit to double. This product is designed to keep life insurance protection comparable with inflation.
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TG
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Tri Guard. A limited pay plan with premiums payable for approximately 15 years which provides an insurance amount three times the ultimate amount for 10 years or age 55, whichever is first; two times the ultimate amount years 11 through 20 or age 65, whichever is first; and the ultimate amount thereafter. Conversion of the amounts being reduced are provided. The cost per thousand competes with annual renewable term plans.
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