For Financial Planning, Call Randy Simmons at: 231-922-9391
Simmons Insurance - Final Expense Life Insurance
Senior Whole Life
Funeral and burial expenses do not have to create a financial burden for your family. This policy can help cover these costs, as well as administrative and probate fees.
Your premium will never increase, and your coverage will never decrease. All death benefits are income tax-free under current U.S. tax laws.
We offer these two policies:
Policy I
Immediate, Full Death Benefit. This policy is a whole life policy with guaranteed cash values. If the insured's death occurs while the policy is in force, the death benefit is paid to the named beneficiary less any outstanding loans.
Benefits range from $2,500-$35,000, depending on age and the state in which you live.
Policy II
Modified Death Benefit. If death occurs during the first three years of the policy, the death benefit will equal all of the premium paid plus 10% interest. Should death result from an accident, the full benefit will be paid. Benefits range from $2,500-$25,000, depending on age and the state in which you live.
With either policy, we offer an Accidental Death Benefit Rider (available at an additional cost), doubling your death benefit if death occurs as the result of an accident. Your benefits are tripled if that accident results from riding in a bus or plane.
To create an insurance plan that's right for you, and check the availability of products in your state, contact us today! For more information about any of our insurance plans, or call 231-922-9391!
