“Life Insurance 101”
Let’s get started, I thought a little “Life Insurance 101” might be
beneficial.
The most basic plan of permanent life insurance protection – whole life
insurance – calls for premiums to be paid for your entire life, or to age
100. You may also consider another permanent life insurance product – one
with guaranteed cash values – that offers a limited period of premium
payments. The Knights of Columbus offers three permanent life insurance
products for which premiums do not have to be paid for all of life.
“Twenty Pay Life” is exactly as the name suggests – a permanent plan with
premiums payable for 20 years. After the premiums are paid for the 20
years, the plan is “paid up” and no more premiums are due. Unlike its term
counterpart, however, the plan stays in force, the death benefit remains
intact and the guaranteed cash value continues to grow.
Another such plan is our “Life Paid Up at 65.” With this permanent product
you pay premiums until you reach age 65. Then, premiums stop (just in time
for retirement), but the plan remains very much in force.
Finally, the ultimate in limited pay is our Single Premium Life product.
Imagine buying life insurance – permanent life insurance – and only paying
one single premium? It’s possible.
I have detailed information on all of these products. At your convenience,
I’ll meet with you and your wife to perform a free, custom-tailored needs
analysis, to help determine which of our many life insurance products is
right for you and your family.
Todd Diffenderfer
Field Agent
Knights of Columbus
todd.diffenderfer@kofc.org
Bus. 248-366-4807
Cell 248-881-3132
