Whole Life

Whole Life

TIP: When your child reaches college age, your whole life insurance policy’s cash value becomes a convenient vehicle to fund tuition. The policyholder can use the then obtaining cash value for a relatively low interest rate policy loan. Your child’s policy can also be an invaluable resource for college funding.

PERMANENT (WHOLE) LIFE INSURANCE POLICIES

TRADITIONAL WHOLE LIFE:

  • Lowest Cost Permanent Insurance
  • Blends Economic Rates with Cash Value Savings
  • Permanent Protection – the benefits will be payable to dependents and beneficiaries tax free, regardless of when death occurs
  • Quantity Discount – The higher the face value band (See instructions) selected from the rate chart, the lower the premium per $1,000.00
  • Cash Value – a portion of premiums will be invested into cash value and will grow on a tax-deferred basis: These funds are available for policy loans, immediate cash and/or retirement savings
  • Broad Benefits – permanent insurance provides the broadest range of protection that is both economical and valuable. For very economical periodic premiums, all of the objectives of life insurance are met.
  • Level Premium – the premiums remain level and will never increase
  • Protection will never expire
  • Bonus: Paid premiums and savings will be recovered with an added tax free benefit bonus when it is needed the most
  • Dividends: available for most forms of permanent coverage in paid-up additions or cash
  • Non-Forfeiture Value – If premium payments cease for any reason, the member can use cash value to acquire either extended term coverage or a measure of fully paid-up

TWENTY PAYMENT PERMANENT (WHOLE) LIFE:

  • The Full Scope of  Permanent Benefits Offered by
  • Traditional Whole Life Insurance
  • Quantity Discount – The higher the face value band (See instructions) selected from the rate chart, the lower the premium per $1,000.00
  • Fully Paid Up in Only Twenty Level Payments
  • Afterwards, coverage remains in place permanently and cash value continues to grow with no additional premium payments – offers significant premium savings in later years
  • Builds Cash Value More Quickly
  • Extremely Economical for Younger Clients Who Would Like to Maximize Premium Savings through an Accelerated Payment Schedule
  • Excellent Youth Policy Choice for Our Youngest Members

SINGLE PAY PERMANENT (WHOLE) LIFE:

  • Paid Up at One Time with No Additional Premiums
  • Insurance for a Lifetime – Enjoy the Full Scope of Permanent Life Insurance Benefits and Savings
  • Quantity Discount – The higher the face value band (See instructions) selected from the rate chart, the lower the premium per $1,000.00
  • Cash Value Equals Premiums Paid in Only a Few Years
  • Cash Value Continues to Grow without any premium payments – offers significant premium savings in later years
  • Excellent Youth Policy Makes for an Excellent Gift from St. Nicholas or for Christmas, Christeninga, Communions, and Birthdays

 

News

01
Jun

Annuity Rate

Click here to view our tax deferred or exempt interest rate information!    

24
May

KOTUR Application

Click here to access the Application

22
May

Visit from seminarians from St. Basil Seminary

Three seminarians from St. Basil Seminary in Stamford, CT visited Providence Association!

22
May

Bishop Soter Ortynsky Academic Scholarship Program

BENEFITS   The Providence will award up to five (5) one (1) time scholarships of $1,000 to eligible members.     ELIGIBILITY AND REQUIREMENTS FOR ACADEMIC SCHOLARSHIP   Each applicant must be a member in good standing of the Providence …