Permanent life insurance can be purchased in the form of whole life, and interest sensitive life insurance. All provide a death benefit, along with a cash surrender value and a loan value.

Permanent life insurance is most often used to pay for final expenses debts or mortgage or to provide a monthly income for a surviving spouse. Many people use permanent life insurance & cash value to supplement retirement income, help pay for a childs college education or for emergency funds.

R&A Insurance offers these permanent life insurance products:

• Custom Life II Insurance This flexible universal life insurance product accumulates cash value,competitive interest rates. This product can be tailored to meet your needs throughout your life & simply adjust the premiums and death
  benefits as your life changes.
  
  
• Interest Sensitive Life Insurance
  This product provided a guaranteed death benefit until age 65. At age 65 the death benefit may decrease. The premium is very low on this product.
  
  
• Interest Sensitive Whole life Insurance
  Policyholders pay the same premium throughout their life,in return for a guaranteed level death benefit. This products strength is its value accumulation.
  
  
• Single Premium Whole Life Policyholders make one premium payment at the time of purchase in return for a guaranteed death benefit.
  
  
• LP98 Whole Life Insurance This guaranteed whole life insurance product emphasis is on
  maximizing death benefit protection for the life insurance premium you pay. It also earns dividends and accumulates cash value. Premiums remain level throughout the policyholders life.
  

TERM LIFE INSURANCE

Term life insurance offers coverage for a fixed period of time.Premiums for term life insurance are based on your age the Younger the lower the premiums. As you grow older, the premium will increase. Term life is particularly popular with young families as their financial situation improves, they can convert term life to permanent insurance without providing evidence of insurability.

Choose from a number of plans:

• Annual renewable Term to age 95
  Policy or riders are renewable annually until age 95. You can choose between a level death benefit and increasing Premium or a level premium and decreasing death benefit.
  
  
• Annual Renewable Term for 10 Years
  Policy or riders are renewable annually for 10 years. Premium Increases each year.
  
  
• 15 Year Level Term Policy is renewable annually for 15years. Premium remains level.
  
  
• Term 95 Policy is renewable annually until age 95. Various premium options are available.
  
  
• Junior Protector Policy is issued to children ages 0 to 15 for coverage to age 18. The policy holder can convert the insurance to permanent or term insurance for up to 5 times the face amount .
  
  
• Junior Protector Plus Policy is issued to children age 0 to 19 for coverage to age 25. At 25
  The insured can convert the term life insurance to permanent insurance for up to two and a half times the face amount.
  
  
• Decreasing Term Policy or rider is issued for 15,20,25 or 30 years. The death benefit decreases over the length of the term, making it ideal for debt protection.For additional Information visit me at www.modernwoodmen.org