Page 12 - Allegacy 2019 Benefit Guide Full Time

Whole Life Insurance

The whole life insurance program offers protection beyond an individual’s working years,
potentially for your lifetime. With a guaranteed death benefit that will never decrease as you
age, level premiums that will never increase, cash value accumulation, living benefits and
other options, Whole Life goes beyond typical term life insurance.

Plan Description
Coverage Options You may elect coverage for employee, spouse
and child
Spouse Benefit Amount equal to the Employee Yes
Benefit Amount?
Purchase Option Type (Adult & Child) Money Purchase
Paid Up Option Payable to Age 120; child always paid up at
age 70
Benefit Amounts Employee Options - $3, $6, $9, or $12
Spouse Options - $3 or $6
Child Options - $1, $2, $3
Issue Ages 15-80 for Employee & Spouse
14 days to 26 years – Dependent Child
Rates Based on age at last birthday and tobacco use
status
Guaranteed Renewable To age 120 – as long as the required
premiums are paid
Child Term Rider $10,000 (Issue Age 14 days to 24 years)

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