Care Annuity
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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:
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1. ACCIDENTAL DEATH BENEFIT
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- PLAN A: $100,000 paid to beneficiary on the application.
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- PLAN B: $50,000 paid to beneficiary on the application.
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2. MONTHLY INCOME
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- PLAN A: $1,000.00 paid monthly for the rest of his or her life.*
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- PLAN B: $ 500.00 paid monthly for the rest of his or her life.*
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Beneficiary's Age
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% Reduction
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Less than 5 years younger than insured
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0%
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5-9 years younger than insured
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10%
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10-15 years younger than
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20%
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3. LOW MONTHLY RATES
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Male
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Female
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Plan A: ($100,000/$1,000):
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$22.50
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$14.50
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Plan B: ($50,000/$500):
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$12.50
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$8.25
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4. OPTIONAL CHILDREN'S EDUCATION BENEFIT
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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.
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*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.
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5. GUARANTEED RENEWABLE TO AGE 70
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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.
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6. WORLDWIDE PROTECTION, 24 HOURS A DAY
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No matter where you are - on vacation, at home, work, school, or play - you're
protected for covered accidents.
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*Not available in the states of Washington, Nevada, Oregon, Utah, Montana and New Mexico.
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