Association Benefits Of America L.L.C.

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Different Types Of Life Insurance We Offer.

Here we will list and describe the different life insurance policies we have available.

For example:

* Term Life

Term insurance, as the name implies, provides protection for a particular term or length of time, and therefore pays a benefit if you die during the term period.
Term insurance is the lowest premium life insurance available which allows you to maximize your coverage at a very affordable cost. With term insurance, you are purchasing "pure" life insurance, which means life insurance is all that is included - no cash values build within the policy as is the case with permanent life insurance.
Illinois Mutual's Term Life policy is specifically designed to meet the needs of today's basic life insurance buyer. It offers flexibility, choice and competitive prices.
How Does It Work?
You choose the term of the policy, within the limits offered by Illinois Mutual – 10, 15, 20 or 30 years. The policy provides level death benefit protection for the full term period. With this type of coverage, you receive protection at a low-cost level premium that fits your budget.
Each Term Life plan is guaranteed renewable and convertible to a permanent policy, which means when the specified term ends, you may choose to renew the term coverage or convert your term policy to a permanent life insurance plan without having to prove you are still insurable. The premium for the term renewal period or conversion to a permanent plan will be adjusted.
Money-back Option
Return of Premium Term is ideal for individuals interested in basic term protection but hesitant to purchase life insurance. By adding the Surrender Benefit Rider to our 15, 20 and 30-year Term Life plans, a death benefit is there if you need it. If the benefit is not needed, you will receive a 100 percent return of all premiums paid at the end of the term period, as long as your policy is in force.
  • More life insurance at a lower cost
  • May combine term insurance with permanent insurance for the best mix in your personal situation.
  • May be renewed without proving insurability.
  • May be converted to a permanent policy without proving insurability.

* Universal Life Insurance

An insurance plan with periodically-adjusted returns tied to short-term interest rates.

* Whole Life Insurance

Whole life insurance is the most common type of permanent insurance. As long as the policy remains in force, it provides life insurance for your whole life. The premiums remain constant over the life of the policy and are paid according to a premium schedule indicated in the policy.
Whole life insurance is an excellent solution for young adults just beginning an insurance program and families who need protection while saving for the future.
How Does Whole Life Work?
With an Illinois Mutual Whole Life policy, you have a guaranteed level premium, meaning the annual premium is contractually guaranteed to never change. Part of each premium is set aside in a cash value account that grows tax-deferred over the life of the policy. The cash value is contractually guaranteed to grow each year until equal to the face amount of the policy at age 100. Cash values are available to you at any time in the form of policy loans or withdrawals.
The cash value can help with future events such as:
  • an emergency fund
  • paying a mortgage ahead of schedule
  • financing college education
  • supplementing retirement income
Likewise, the Accelerated Death Benefit provides access to policy funds for financial needs that arise from a terminal illness.
Illinois Mutual's Whole Life policies are participating, which means that Illinois Mutual pays dividends when possible.
Dividends credited may be used in four ways:
  • to purchase additional insurance
  • to reduce future premiums
  • to accumulate interest
  • to receive cash
  • Life insurance protection continues and never has to be renewed as long as premiums are paid
  • A predictable, level premium throughout the premium payment period
  • A savings element in the form of the accumulating cash values
  • The potential to receive dividends
A choice of nonforfeiture options that allows you to retain some benefits even if you are unable to continue paying premiums

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At, Association Benefits Of America we put your family first. Whether you are newlyweds, young parents, or have just purchased a new home, your financial future is important.

We can help you prepare for that future with a wide selection of different life insurance plans. Let us help take the confusion out of insurance and give you the peace of mind you want.

Association Benefits Of America L.L.C.
28150 North Alma School Parkway
Suite 103-214
Scottsdale AZ. 85262