universal life 6 Benefit Universal Life Flexible, cost-effective protection

Transcription

1 universal life 6 Benefit Universal Life Flexible, cost-effective protection

2 Benefit Universal Life Life is full of change. Changes in your family, your home, and your job can dramatically affect your financial situation. What if your life insurance policy was flexible enough to accommodate changing financial circumstances? NMB s Benefit Universal Life insurance can help you prepare for life s inevitable changes. With the ability to adjust your death benefits and premium payments based on varying needs, Benefit Universal Life can consistently provide the coverage that s right for you. Make sure your loved ones are protected. Purchase Benefit Universal Life insurance today!

3 Universal Life Insurance Universal life insurance is a type of life insurance policy that offers adjustable premiums and an adjustable death benefit, as well as the potential to build cash value. These features make it ideal for those who want a program that can change along with their needs. Because of its flexibility, universal life insurance can be a great tool for achieving a wide variety of financial goals. NMB s Benefit Universal Life insurance is available up to age 85 with a minimum policy amount of $25,000.

4 Flexibility for Changing Needs The amount and schedule of premium payments can be adjusted to accommodate changing financial situations. You also have the option to increase or decrease the death benefit of the policy (increases may require proof of insurability). Death Benefit Your beneficiaries will receive an income tax-free* benefit in the event of your death to help them maintain their quality of life. Cash Value Depending on the premiums paid, funds can accumulate in your policy and may be available for purposes such as: education, home improvements, retirement, or if an emergency like unemployment or disability occurs.** Competitive & Guaranteed Minimum Interest Rates NMB s Universal Life policies have two interest rates a current rate and a guaranteed rate. The cash value of your policy will earn NMB s current rate, which will fluctuate; however, you will never earn less than our guaranteed rate. * According to current tax laws, IRC Sections 101 & For Minnesota residents, Minnesota Statutes Section , Subd. 19. ** Cash values can be accessed through loans and/or withdrawals, but these will reduce the death benefit. In addition, withdrawals from some policies may be subject to surrender charges and could have a permanent effect on the cash value and death benefit.

5 Customize With Riders You can increase the flexibility of your universal life insurance policy by customizing it with riders. Riders can offer additional opportunities for protection and allow you to modify coverage based on your individual needs. Rider Options Living Benefit (Accelerated Death Benefit) Accidental Death Benefit Additional Term Insurance Rider Children s Term Rider Cost of Living Rider Guaranteed Insurability Rider Other Insured Rider Waiver of Cost of Insurance Rider Waiver of Premium Benefit

6 National Mutual Benefit People Helping People in Time of Need Established in 1902, National Mutual Benefit is a fraternal life insurance society that has a proud history of helping others. NMB provides individuals, families, and businesses with financial security through competitive life and disability income insurance programs and annuities. As a fraternal organization, we also provide our members with extra protection and security through our fraternal benefits at no additional cost. When you become a member of NMB, you have access to many opportunities and programs that can improve the quality of your life and the lives of those around you. Our members share a common bond and desire to strengthen families, improve communities, and assist others. Through local fraternal chapters, members work to make these goals a reality in a variety of different ways. A few examples include: Benefit fundraisers for individuals and families American flag donations to local non-profits Park and highway cleanups Blood and food drives Assisting seniors This brochure is an outline of benefits only and not a contract. Refer to the policy Form 0108 for exact terms and conditions. Questions on specific matters relating to your financial situation are best answered by your own accountant or attorney. Form 5612