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Versatile Life Insurance

Versatile Life is a whole life policy with guaranteed values like the conventional whole life plan. However, by using the current mortality and current competitive interest rates, we are able to provide "current" benefits in excess of conventional whole life plans.

 
  • Minimum Face Amount $25,000
  • Minimum Issue Age is 20
  • Maximum Issue Age is 80

Available Riders

Premium Waiver - Disability protection of premiums.
Accidental Death - Provides additional death benefits if death occurs by accident.
Family Group - Provides term insurance coverage for members of the family.
Term Riders - Face amounts starting at $25,000 allow one or two term riders.
Drop-In - Cash accumulation with int. paid at the same tax sheltered policy rate.
Living Benefit Rider - A "no cost" accelerated death benefit rider.
Versatile Life Commission Examples
 

Policy Types

Ordinary Life   Premiums payable for life.
 
Versatile Life ® LP1   Single premium limited pay plan.
Versatile Life ® LP3   Limited pay plan in 3 years.
Versatile Life ® LP5   Limited pay plan in 5 years.
 
Versatile Life ® Special 6   Preferred risk, limited pay plan in 6 years for larger face amounts.  Among the most competitive on the market.
 
Versatile Life ® LP7   Limited pay plan in 7 years.
Versatile Life ® LP10   Limited pay plan in 10 years.
 
Versatile Life ® Special LP11   Preferred risk, limited pay plan in 11 years for larger face amounts.  Among the most competitive on the market.
 
Versatile Life ® LP15   Limited pay plans in 15 years.  One of our most popular limited pay plans.
 
Versatile Life ® LP15 Joint Life   Limited pay plan in 15 years covering two lives. A first to die plan.
 
Versatile Life ® LP20   Limited pay plan in 20 years.
 
Versatile Life ® Increasing Benefit  

A limited pay level premium policy with premiums projected in 20 years with the death benefit increasing 5% a year for 20 years causing the overall benefit to double. This product is designed to keep life insurance protection comparable with inflation.

 
Versatile Life ®
Tri-Guard
 

A limited pay plan with premiums payable for approximately 15 years which provides an insurance amount three times the ultimate amount for 10 years or age 55, whichever is first; two times the ultimate amount years 11 through 20 or age 65, whichever is first; and the ultimate amount thereafter. Conversion of the amounts being reduced are provided. The cost per thousand competes with annual renewable term plans.

 
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 CD Includes the following:

- Full product literature

- Commission summary

- Illustration Software

- Current Financial Report

- E-signature Software

- Training and Manuals
 
 
North Coast Life Insurance
1116 West Riverside Avenue
Spokane, WA 99201
Toll-Free (800) 541-5858 Ext. 5000
Local (509) 838-4235
Fax (509) 747-8569
Hours: Mon-Fri 8-5, Pacific
 
 
 
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