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Life Insurance
People don’t buy life insurance because they need it, they buy it because they love someone. They want to make sure that person has money to survive after they are gone. Life insurance can help guarantee our loved ones will have the life we want them to have if we die prematurely. A life insurance policy creates a guaranteed pile of money to pay for soccer games, educational expenses, groceries, mortgage or rent payments, grief counseling, and more, plus it can help relieve the emotional and financial stress a family feels when someone dies unexpectedly. Life insurance gives your family options. We are all going to die sometime; we just don’t know when. That’s why.
Available Options
Single Premium Whole Life Insurance
Simplified-Issue Whole Life Insurance
Preferred Whole Life Insurance
Universal Life Insurance
Term Insurance to Age 95
Transitional Life Insurance
Annuities
EXAMPLE DEATH BENEFITS PAID BY PEKIN LIFE INSURANCE COMPANY IN 2016*
Age 6, Female child
Cause of death: Car accident
Years in force: 6, Premium Paid: $350.00
Death Claim Paid: $5,000 plus $5,000 accidental death
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Age 39, Married Male, Police Officer Children: 3
Cause of Death: Homicide
Years in Force: 7, Premium Paid: $2,101.84
Death Claim Paid: $200,000
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Age 43, Married Male, Roofing Company Owner Children: 3
Cause of Death: Drowning
Years in Force: 18, Premium Paid: $31,276.67
Death Claim Paid: $350,000
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Age 62, Married Female, Homemaker
Cause of Death: Breast Cancer
Years in Force: 16, Premium Paid: $7,589.42
Death Claim Paid: $200,000
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Age 44, Single Female, Teacher Children: 3
Cause of Death: ATV Accident
Years in Force: 18, Premium Paid: $2,016.39
Death Claim Paid: $125,000
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Age 56, Married Male, Business Executive Children: 4
Cause of Death: Emphysema
Years in Force: 8, Premium Paid: $9,670.00
Death Claim Paid: $150,000
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Age 58, Married Male, Construction Worker
Cause of Death: Heart Disease
Years in Force: 2, Premium Paid: $12,991.54
Death Claim Paid: $500,000
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Age 36, Married Male, Farmer
Children: 3 Cause of Death: Snowmobile Accident
Years in Force: 8, Premium Paid: $2,600.99
Death Claim Paid: $300,000
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Age 60, Married Female, Customer Service Rep
Cause of Death: Uterine Cancer
Years in Force: 15, Premium Paid: $2,795.70
Death Claim Paid: $150,000
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Age 43, Married Male, Sanitation Engineer Children: 4
Cause of Death: Blunt Force Injury to the Head
Years in Force: 10 months, Premium Paid: $151.88
Death Claim Paid: $100,000
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*“Death Claim Paid” represents the net proceeds issued to the beneficiaries.
Disclaimer: This information is designed to give you a basic description of coverage and does not include all of the exclusions, conditions, or limitations of the policy. Contact your Pekin Insurance agent for an explanation of the exact terms of the contract.