First United American offers outstanding, flexible life coverage through the 400 Whole Life Series.
Available with level or increasing benefits, this series provides permanent lifetime coverage.
No physical exam is required, and the policy is guaranteed renewable as long as premiums are paid on time.
Because premiums are invested, your policy gradually builds cash and
loan value, which you can convert into paid-up term insurance.
Choose payout options of 10, 15 or 20 years. Numerous benefit options
such as Increasing Benefit and Living Benefit are available. There is no
premium increase ever. Your First United American Agent will be happy to
tell you more.
- Cash Value - The money that accumulates during the time the
life insurance policy is in force. The premiums you pay are invested so your
whole life policy gradually builds cash and loan value.
- Loan Value - The amount of money an insured can borrow against
the policy. The loan value is based upon the cash value of the policy, which is
used as collateral or security to guarantee payback.
- Payout Options - The timeframe and methods available to the
insured or beneficiary to receive cash value or death benefits. Common payout
options are lump sum or monthly payments over a period of 10, 15 or 20 years.
- Increasing Benefit - An available option within the life policy
in which the benefit grows 5 percent each policy year for 20 years until it doubles.
Medicare Supplement Insurance Policies: These policies meet the minimum standards for
MEDICARE SUPPLEMENT INSURANCE as defined by the New York State Insurance Department.
The expected benefit ratio for this policy is 65%. This ratio is the portion of future
premiums which the company expects to return as benefits, when averaged over all people
with this policy.
Important Notice - A consumer's guide to health insurance for people eligible for Medicare may be obtained from your local social security office or from this insurer.