EnsurEstate® is participating single premium whole life insurance. Where allowed by state, the policy includes a Travel Accidental Death Benefit, which pays an additional benefit equal to the face amount of the policy (up to $250,000) if death occurs while you are a fare-paying passenger on public transportation.
When you purchase EnsurEstate®:
- Your estate value will immediately increase.
- Your death benefit is guaranteed.
- You may make withdrawals on the guaranteed cash value after the first year.
- You have the option to accelerate payment of funds if you are diagnosed with a terminal condition, chronic illness or confined to a nursing home.
- Your beneficaries may avoid legal fees and probate delays.
- The portion of your estate that is passed on through the policy is potentially tax free.*
Example: Mary Smith and John Brown, both age 60 non-smokers, each have $100,000 that they would like to pass on to their families. If they placed their money in a bank CD, the amount payable to their families would be $100,000 less taxes. With the funds reallocated to EnsureEstate®:
- The amount payble to Mary Smith's family will be $219,998 in non-taxable funds*
- The amount payable to John Brown's family will be $193,647 in non-taxable funds*
The following riders are available:
- The Accelerated Benefit Terminal Condition Rider (Limited Life Expectancy Accelerated Death Benefit Rider in PA) allows you to request early payment of all or a portion of your death benefit if you are diagnosed with a terminal condition and a life expectancy of 12 months or less (24 months where required). Receipt of accelerated benefit may affect eligibility for public assistance programs and may be taxable.
- The Accelerated Benefit Nursing Facility and Extended Care Rider allows you to request early payment of all or a portion of your death benefit if you become chronically ill, requiring permanent confinement to a nursing facility or requiring home health care or adult day care for 90 days or more. Receipt of accelerated benefit may affect eligibility for public assistance and may be taxable.
- The Accidental Death Benefit Rider provides for an additional benefit equal to the face amount of the policy (up to $250,000) for accidental death.
Interested in learning more? Contact us!
*See your tax advisor for tax advice. Internal Revenue Code Section 101 excludes amounts received under a life insurance contract from gross income if such amount are payable by reason of the death of the insured.
This describes Policy/Rider Form Nos. 1F150, 1F150-CL, 1H820, 1H820-CL, 1H821, 1H821-CL, 1H822, 1H822-CL and 1H823-CL or state variation. Product specifications and availability may vary by state.