Finance
Your policy will grow cash value as long as you ____
Pay your premiums
Explain the Waiver of Premium
Your monthly premiums may be waived if you become totally disabled
At what age does Whole Life insurance through Americo expire?
It doesn't
T or F: Premiums increase after a serious medical event
False
Explain The Accidental Death Benefit Rider
Provides an additional death benefit if your death is the result of an accident
How is a death benefit payout taxed?
It's not
T or F: Premiums increase with age
False
Explain the Accelerated Benefit Payment Rider
Gives you an advance of up to 50% of the death benefit in case of a qualifying terminal illness.
What is the youngest you can get a whole life policy?
Birth (0 months)
Interest rate for a whole life policy is determined by
The Insurer
Explain the Childrens Term Life Rider
Provides up to $10,000 of additional insurance coverage for each child. Coverage is provided to age 25 and then may be converted into a new individual policy for up to five times the initial rider amount.
What is the max benefit on Americo for a whole life policy?
450k
The average growth rate for an Americo Whole Life policy is (range)
1-3.5% of premiums