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Care Annuity

The Care Plan represents an affordable way to obtain additional protection for the insured as well as their family. Protection that pays an immediate benefit and a monthly income check to their spouse for the rest of his or her life and if they choose, helps pay for the their kids college tuition.

As the direct result of death caused by an accident to the Insured while the policy is in force, PLAN A or PLAN B pays the following benefits:

 

1. ACCIDENTAL DEATH BENEFIT

  • PLAN A:  $100,000 paid to beneficiary on the application.
  • PLAN B:   $50,000 paid to beneficiary on the application.

2. MONTHLY INCOME

  • PLAN A: $1,000.00 paid monthly for the rest of his or her life.*
  • PLAN B:  $ 500.00 paid monthly for the rest of his or her life.*
          Beneficiary's Age   % Reduction
          Less than 5 years younger than insured   0%
  5-9 years younger than insured   10%
  10-15 years younger than   20%
 

3. LOW MONTHLY RATES

                        Male  Female
                     Plan A: ($100,000/$1,000):   $22.50 $14.50
                     Plan B: ($50,000/$500):   $12.50  $8.25
 

4. OPTIONAL CHILDREN'S EDUCATION BENEFIT

PLAN A & B: College fund available by rider. This benefit pays up to $20,000 per year for four years to a minor dependent if the insured dies of an accident prior to the dependent's attained age 18. The benefit is paid out in four annual installments on or after attainment of age 18. * One unit ($10,000) or two units ($20,000) are allowed per child for up to four children per plan.

 

*Monthly rate per unit for each child is based on child's age at issue as follows: under age 6, $1.25; ages 6 through 12, $2.00; ages 13 through 17, $2.50.

 

5. GUARANTEED RENEWABLE TO AGE 70

Your policy cannot be canceled prior to your age 70 as long as premiums are paid on time. The premium may be adjusted, but only for all policyholders in your state.

 

6. WORLDWIDE PROTECTION, 24 HOURS A DAY

No matter where you are - on vacation, at home, work, school, or play - you're protected for covered accidents.

 
  • Available to persons age 21 through 65.
  • You won't be subject to a Medical Exam.
  • Only one Care plan can be issued on an individual

*Not available in the states of Washington, Nevada, Oregon, Utah, Montana and New Mexico.

 
 
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North Coast Life Insurance
1116 West Riverside Avenue
Spokane, WA 99201
Toll-Free (800) 541-5858 Ext. 5000
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