Life insurance should be the foundation of any financial portfolio. If someone depends on you financially, life insurance is a necessity — providing a safety net of protection to your loved ones. Below are a few examples of what you can do with the proceeds from a life insurance policy:
- pay off a mortgage
- fund an education
- provide daily living expenses
- continue a family business
- protect a spouse’s retirement plan
Permanent Life Insurance
A permanent life insurance plan provides coverage throughout your entire lifetime. Degree of Honor offers universal and whole life plans. Permanent life insurance offers:
- the protection of a death benefit, and
- the potential to build cash value — increasing the amount your beneficiaries receive or giving you access to extra cash while you live
Uses for Permanent Insurance
- Family protection
- Retirement income
- Business continuation
- Charitable giving
- Parish endowments
- Mortgage protection
- Buy/sell agreements
- Keyman protection
- Wealth maximization
Term Life Insurance
Term life insurance offers a low-cost way to provide life insurance protection to those you love. Term life insurance provides coverage at a level cost for a specified period, usually 10, 20, or 30 years.
Term Life Insurance Plans
Term 10
- Guaranteed level and low-cost premiums for 10 years
- Available to those up to age 70
Term 20
- Guaranteed level and low-cost premiums for 20 years
- Available to those up to age 65
Term 30
- Guaranteed level and low-cost premium for 30 years
- Available for ages 16-50
Term Life for Children (TLC)
- Provides up to $25,000 of term life insurance for children age 15 or younger. Single Pay options of $10,000 or $25,000 of coverage are also available.
Call our Insurance Solutions Team at 1-800-965-2547 to learn more about our products and services.