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

08
Aug

Welcome Very Rev. Andriy Rabiy! Вітаємо всечеснішого отця Андрія Рабія!

The Providence Association joins the Ukrainian Catholic Archeparchy of Philadelphia in welcoming the appointment of Very Reverend Andriy Rabiy as Auxiliary Bishop of the Ukrainian Catholic Archeparchy of Philadelphia. Welcome and “Многая Літа”! https://www.facebook.com/permalink.php?story_fbid=1441761342543928&id=197564070297001

03
Jul

Excerpt from Providence Association Bylaws Regarding Elections

Attached below are sections of the Providence Association Bylaws regarding Elections. ELECTION OF THE GENERAL ASSEMBLY   Every qualified member of “The Providence” who is a practicing Catholic, of upright character, between the ages of 21 and 70, a member …

01
Jul

Providence Association Election Committee verifies candidates

Report of the Election Commission of the Providence Association of the Ukrainian Catholic in America. TERM  2018-2022 

01
Jun

Annuity Rate

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