Whole Life Insurance Products
Whole Life insurance, also known as permanent life, forms the basis of most individuals’ life insurance programs.
Permanent life insurance can provide lifelong protection with guaranteed premiums and cash value with these features:
- Tax-deferred growth at competitive interest rates
- Cash accumulation
- Lifetime protection at level premiums
- Easy access to your money through policy loans or withdrawals
Luso-American Life offers 4 types permanent life insurance products:
Asset Builder: Interest Sensitive Whole Life Insurance
The Asset Builder Level Premium policy is a life insurance policy providing for a fixed Death Benefit and fixed Contract premium payments. The Luso-American Life Insurance Asset Builder Policy offers an income-tax free death benefit and tax-deferred growth. The cash value accumulation fund growth in your Asset Builder policy will grow tax-deferred, giving it the potential to grow faster than it would earning the same interest rate in a taxable product. Hence the name Asset Builder.
Single Premium Whole Life Insurance
Is a life insurance policy that requires a single, one-time payment to buy a specified amount of death benefit that is GUARANTEED by contract to be paid-up until the policyholder’s death. Need not to worry about the policy lapsing or needing additional premiums to keep the policy in-force.
10-Pay Life Insurance Plan
One of the advantages of buying this type of insurance is that you pay for 10 years and never have to pay another premium. The policy remains in force. The death benefit remains level for the duration of the policy. The death benefit is paid to your beneficiary when you die.
20-Pay Life Insurance Plan
With 20 Payment Life, you make premium payments for 20 years, and then you never have to worry about paying for life-insurance protection again. Paying for life-insurance protection during your working years is a great way to ease worries about your family’s financial future.There’s great peace of mind in knowing that your family’s financial needs mortgage payments, tuition bills, and other expenses will be covered in the event of your death.