Permanent life insurance – it sounds so final. But what if permanent life insurance could change along with your needs? What if you could change your coverage amount and premium amounts to suit your future financial situation, without losing the protection of your life insurance plan?
Creative Life is a flexible-premium universal life insurance plan that adapts to your changing needs. By purchasing permanent life insurance coverage now with Creative Life, you can later decrease or even increase your face amount, with underwriting approval. As a permanent life insurance plan, Creative Life features a guaranteed cash value.
How do flexible premiums work?
Payments you submit beyond the cost of your insurance are credited to the cash value earning a guaranteed minimum accumulation rate of 3%. Once your cash value is established, you can use it to pay for the cost of insurance. That means that you can pay increased premiums now and lower premiums later in life if your financial situation changes. Creative Life is flexible enough for you to decide what’s best for you today or years from now.
How do I increase my life insurance coverage?
Creative Life’s Guaranteed Increase Option rider* guarantees your ability to purchase additional coverage at various points throughout the life of your certificate, regardless of your health or other underwriting concerns.
Other Optional Riders*
Other insured rider: Purchase coverage for another individual, like a spouse.
Children’s rider: Purchase coverage for children with options for them to convert later in life.
Waiver of premium: If you become permanently disabled before age 60, the Waiver of Premium will ensure you continue to have life insurance coverage.
Accidental death benefit: If you die of causes deemed accidental, your beneficiaries will receive an additional death benefit.
*Riders available for additional premium based on underwriting and the age of the insured; riders must be purchased at issue.
Issue ages: 0-85
Minimum amount of insurance: $10,000
Maximum amount of insurance: none
Guaranteed accumulation rate: 3%