Best Life Insurance

AARP Life Insurance

2009-02-21T05:58:00.000-08:00

AARP Life Insurance Program

AARP selected New York Life to develop a group life insurance program specifically designed to help AARP members protect their families. The Program offers whole life and term life insurance plans that feature affordable premiums and valuable benefits designed for people age 50 and older. Coverage is available in a wide range of amounts--from $2,500 up to $50,000.

AARP members age 50–80 and their spouses age 45–80 are eligible to apply. No medical exam is required to qualify for coverage. For most products, acceptance is based on your answers to three simple health questions. You can apply by mail in just minutes. And if you're not already an AARP member, it's easy to join.

Long-Term Care Insurance
Long-Term Care Insurance is still a relatively new type of insurance product. Many people do not understand what long-term care insurance policies cover, how and when the policies pay benefits, and who should obtain coverage. This section addresses some of the key issues of long–term care insurance and will help you decide if LTC is right for you.

AIG Company

2009-02-21T05:33:00.000-08:00

Universal Life Insurance

Universal life policies offer policy owners the flexibility to choose both the amount of insurance and the premium to be paid with a range of potential premiums.

Universal life products may offer a no-lapse guarantee to ensure that coverage will continue from the policy issue date for a specified period of time, as long as the minimum guaranteed premiums are paid. These policies may be maintained with less than the guarantee premium and include a catch-up provision which allows the policy owner to catch up the guaranteed premium at any time if the policy is in force.

As needs change, the amount of coverage and premium paid may be adjusted, subject to certain limitations.
Premium payments are credited to a cash value account where the policy earns tax-deferred interest at a rate set by the company, which may be higher than the minimum rate guaranteed in the policy.

The policy expenses and cost of insurance charges are deducted monthly from this cash value account. Generally, cash values can be accessed by the policy owner through policy loans and withdrawals (charges may apply).

Policy Highlights
Continuation Guarantee: Your coverage continues as long as enough premium is paid to guarantee the death benefit.2 Our continuation guarantee is structured in a way that offers important flexibility in funding your policy: you will always know the specific amount needed to guarantee the death benefit, without being concerned about changes in interest rates or other factors that could impact the policy’s cash value
Flexible Guarantee Period: You select the duration of the policy’s death benefit coverage guarantee according to your individual needs
Flexible Premium: You can select when to pay your premiums and you have the option to pay additional premiums to build more accumulation value. Building a more significant accumulation value could help avoid the policy entering the grace period if the no-lapse guarantee or the continuation guarantee is not in effect. A higher accumulation value also reduces the chance of higher premiums at the end of the no-lapse guarantee period
Issue Ages: American General Life Insurance Company, 0 - 90; United States Life, 18-90
Minimum Death Benefit: $100,000
Flexible Death Benefit: Increase or decrease your death benefit to fit your changing needs3
Premium Payment Options: Select a premium payment plan that fits your financial needs and goals

Available Riders4
Accidental Death Benefit: Provides up to $200,000 in additional benefit if the insured’s death is accidental
Children’s Insurance Benefit: Provides term insurance on dependent children up to age 194
Spouse/Other Insured Term Rider: Provides level term insurance, up to two times the base policy’s death benefit, on the insured’s spouse.4 (Not available in New York)
Terminal Illness Rider: Provides an accelerated death benefit if the insured is diagnosed with a terminal illness4 (Not available in New York)
Waiver of Monthly Deduction: Waives the monthly deduction should the insured become disabled4. For face amounts up to $5 million.

Prudential Insurance

2009-02-21T05:19:00.000-08:00

Life Insurance Prudential

An important part of a sound financial plan, life insurance provides a valuable death
benefit to your beneficiaries upon your death. Your beneficiaries can then use this money to replace some of the income you would have earned or to help pay off debts or other expenses.

The two types of life insurance are term and permanent. The one that's right for you depends on many factors, including your budget, the amount of coverage you need, and the length of time you'd like the coverage to last.

Term Life Insurance
Term insurance provides protection for a limited period of time, such as 10, 15, 20, or 30 years, and pays a benefit if the insured dies during this period. Although term policies typically do not accumulate cash value, many do offer a feature that allows you to convert to a permanent policy within a certain time. This can be beneficial if you'd like to buy a permanent policy but your budget right now does not allow it, or you like having the option to convert to a permanent policy later on.

Term Essential® is a budget-friendly entry into insurance, with premiums that remain the same during the initial period and an option to convert the term policy to a permanent one.
Premiums remain the same for your choice of 10, 15, 20, or 30 years. We guarantee it!
If you continue coverage beyond the initial term, premiums are not guaranteed and will increase annually to age 95, but will never be more than the maximum stated in the contract.
The policy can be converted to a permanent policy.

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Term Elite® is a stepping-stone to permanent life insurance, with premiums that remain the same during the initial period and a generous option to convert the term policy to a permanent one.
Premiums remain the same for your choice of 10, 15, or 20 years. We guarantee it!
If you continue coverage beyond the initial term, premiums are not guaranteed and will increase annually to age 95, but will never be more than the maximum stated in the contract.
The policy can be converted to a permanent policy. This is available to age 65 or 5 years from issue, whichever is later.
If you convert the policy to a permanent one within the first five years, you can receive a credit, which is applied toward the permanent policy's first-year premium.

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PruLife® Return of Premium Term offers insurance protection for your beneficiaries while providing you with a guaranteed return of out-of-pocket policy premiums.
Premiums remain the same for your choice of 15, 20, or 30 years.
If you continue coverage beyond the initial term, premiums will increase annually and are guaranteed to age 95.
Your out-of-pocket premiums are guaranteed to be returned to you at the end of the level premium period. Any loans taken and not paid back plus interest owed on loans will be subtracted from the amount returned to you. Note: any premiums waived under the Waiver of Premium will not be returned.
The policy can be converted to a permanent policy. This is available to the earlier of age 65 or 10 years from issue, with a minimum period of 5 years from issue.
You must be alive at the end of the selected level premium period and the policy must still be in force at the end of the policy term you selected for you to receive the return of your premiums.

Terms, conditions and availability may vary by state.
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Return of Premium Term is issued by Pruco Life Insurance Company, an AZ corporation, except in New Jersey and New York, where the issuer is Pruco Life Insurance Company of New Jersey. Term Elite® and Term Essential® are issued by Pruco Life Insurance, except in New York, where it is issued by Pruco Life Insurance Company of New Jersey. Issuing company based on state availability. All are located at 213 Washington Street, Newark, NJ 07102. Both are Prudential Financial companies. Policy form numbers are PLTIR-2006, PLTI-2008, and PLTIC-2008 respectively. All guarantees are based on the claims-paying ability of the issuer. Each company is solely responsible for its own financial condition and contractual obligations.

California COA #1179 NAIC Code68241

Life insurance policies contain exclusions, limitations, reductions in benefits and terms for keeping them in force. Your licensed financial professional can provide you with costs and complete details. The issuing company may have the right to contest the policy for misrepresentation or to apply a suicide clause.