Term Life Insurance

Term Life Insurance plans offer death protection for a “term” of one or more years. This type of plan provides a death benefit only, there is no loan or cash value that accrues over time.  They provide a low-cost way to satisfy your short-term life insurance needs.

SK Financial Group offers a variety of Term Life Insurance policies, so one is certain to be right for your situation.  If you are interested in a life insurance policy that does accrue value, you will want to learn about Whole Life/Permanent Life Insurance.

 

GBU Financial Life

 

Annual Renewable Term Life

GBU’s Annual Renewable Term Life is designed for the consumer who needs immediate insurance coverage to meet specific financial needs in the event of premature death.

 

Select Term Life

GBU’s Select Term Life is for the consumer who needs low cost, high coverage life insurance. Premiums are guaranteed to remain level during the selected term period. Four term periods are available: 10, 15, 20, and 30 Years.

 

Kinder Plan Life

GBU’s Kinder Life Plan is a level term life insurance plan designed specifically for children and young adults up to the age of 18. This plan provides the insured with immediate protection and the guarantee of future insurability.

 

GCU

 

Ten-Year Level Premium Term

For persons 19 and above, the Ten-Year Level Premium Term Life Insurance policy may be the perfect answer to life insurance planning.  Issued at a minimum of $10,000 and in increments of $5,000, the policy is payable in advance only monthly, semi-annually or annually  (minimum monthly payment is $10).

Premiums on the policy increase every 10 years.

 

Annual Renewable Term

For larger amounts of insurance protection, GCU offers the Annual Renewable Term policy.  It is issued to persons aged 15 years and up, in amount of $50,000 and above.  Rates per thousand are discounted as higher levels of insurance are purchased.  Premiums increase every year and may be paid in advance monthly, semi-annually or annually (minimum monthly payment is $10).

 

Term to Age 30

This policy will provide maximum protection to young members at the following rates:

$50,000 – $50 per year

$25,000 – $25 per year

$10,000 – $12 per year

 

 

NSS Life

 

10-Year Renewable Term Plan

Premiums are guaranteed to remain constant for the first year and are assumed to remain the same for the remaining nine (9) years.  After 10 years rates increase according to your age.  Male/Female rates at Tobacco/Non-tobacco levels.

Minimum face amount issued is $10,000.

There is a $50.00 annual policy fee for face amounts of $25,000 and over.

Issue ages are 16 – 65 and policies are renewable to age 75.  Policies are convertible to a permanent plan of equal or lesser face amount up to age 70 without evidence of insurability of the insured.

 

20-Year Level Term Plan

Premiums are guaranteed to remain constant for 20 years.  Male/Female rates at Tobacco/Non-tobacco levels. No-tobacco classes are Super Preferred, Preferred and Standard.

Minimum face amount is $25,000.

There is a $50.00 annual policy fee.

Issue ages are 16 – 50 and policies are renewable to age 70.  Policies are convertible to a permanent plan of equal or lesser face amount up to age 70 without evidence of insurability of the insured.

 

Level Premium Youth Term Plan

Premiums are level throughout the life of the contract and feature unisex rates.

Issue ages are 0 – 22. Policies are convertible to a permanent plan of equal or lesser face amount up to age 30 without evidence of insurability.