Term life plans
These plans are ideal for individuals or families who need life insurance coverage for a specified number of years. Premiums for term life plans are economical, stable, and guaranteed. In addition, if your needs change, you can change your plan to a universal life plan, as long as you do so within the time frame outlined in your policy.
Universal life plans
Universal life insurance plans are the most versatile life coverage your family can have. They accumulate cash at current interest rates and allow you to decide how much you need and the amount of your own insurance premium.
Our universal life plans give you necessary death benefit protection while offering tax advantages to help plan for future needs.
Last survivor protection
A last survivor plan is for people who have sizeable estates or businesses and want to protect their survivors from having to pay large amounts of money to satisfy federal estate taxes, state taxes, legal expenses, and administrative expenses.
A last survivor plan is designed to help solve estate-planning problems such as these by insuring the lives of both husband and wife under one universal life insurance policy. The benefits are payable after the death of the second spouse and provide ready cash for estate taxes so your estate can pass to your family and charities virtually intact.
Leave a legacy
In addition, you can also use life insurance as a practical and affordable way to leave a legacy to your family or charity. It’s easier than you think, and you may be pleasantly surprised at how even modest annual contributions can be multiplied into a substantial gift. Your Everence representative can help you find the right life insurance policy to fit your needs, dreams and budget.
Protect your business
Life insurance can be used to protect your business. Using it to fund a buy-sell agreement or purchasing a key person policy are just two ways it can help keep a business running if an owner dies.