Life Insurance
Life insurance will help take care of your family in case you should die prematurely. While life insurance can be complex, your COUNTRY® Financial representative will help you determine the type and amount that fits the needs of your family considering expenses like your mortgage balance, outstanding debt, and children’s education. Plus, if you are a woman, senior, or a parent of a young child, COUNTRY offers options created especially for your unique needs.
Purchase your life insurance policy early in life, live a healthy lifestyle, and guarantee yourself some of the best rates available.
Term Life Insurance
Term life insurance policies provide affordable protection for a predetermined period of time. It is a very popular option because it provides insurance coverage at the stage of life you need it most, yet have the least amount of money to spend on it.
Benefits of term life insurance:
Affordable
- Level premiums throughout the term selected
- Guaranteed coverage for the amount selected throughout the term
- Convertible to a whole or universal policy without needing a physical exam or other further evidence of insurability if your needs change
- Renewable in one-year increments with gradually increasing premiums and no need for a physical exam or further evidence of insurability when the term policy expires
Whole life insurance
Unlike a term life policy, a whole life policy protects you for as long as you live. Plus, your whole life policy builds cash value and the death benefit is tax free.
Benefits of whole life insurance:
Permanent coverage for as long as you live
- Level premiums
- Death benefit is income tax free to your beneficiaries*
- May be paid up before you retire and are on a fixed income
- Lower premium policy option that you pay throughout your life
- Cash value builds tax-deferred and can be loaned against for emergency funds as long as you meet certain conditions
*COUNTRY Financial and our representatives cannot give tax advice. See a tax advisor for more details.
Universal life insurance
Universal life policies are flexible and allow you to adjust the amount of life insurance to keep pace with your current lifestyle. Plus, you can even adjust the amount and frequency of the premiums you pay, even skip payments if necessary.
Choose from universal life and variable universal life. Both types share some of the same benefits of a whole life policy:
Permanent coverage for as long as you live
- Death benefit is income tax free to your beneficiaries*
- Cash value builds tax-deferred and can be loaned against for emergency funds as long as you meet certain conditions
Additional benefits of universal life insurance:
Withdraw funds from the policy if you meet certain conditions
- Offer a level death benefit or an increasing death benefit depending on your needs
- Universal life policies offer a special guaranteed minimum interest rate. Any amount that you pay in excess of the amount required to maintain your life policy earns a guaranteed minimum interest rate in a conservative account, similar to a savings account, and builds your cash value
- Variable universal life policies allow you to take the deposit that exceeds the amount required to maintain your life policy and put it in an investment account, which can offer more potential gains or possible loss, depending on the fluctuation of the market. There is also an option for a guaranteed minimum interest rate with a variable policy.*
Related resources
Policies issued by COUNTRY Life Insurance Company® and COUNTRY Investors Life Assurance Company®, Bloomington, IL. Coverage not available in all states. Read our full disclaimer.
*Issuing Life Insurance Company: COUNTRY Investors Life Assurance Company®, 1701 N Towanda Avenue, PO Box 2000, Bloomington, IL 61702-2000, 1-866-COUNTRY (1-866-268-6879).
Variable Product Service Center: PO Box 9239, Des Moines, IA 50306-9239, 1-888-349-4658
Securities products are offered through COUNTRY® Capital Management Company, 1705 N Towanda Avenue, P.O. Box 2222, Bloomington, IL 61702-2222, 1-866-COUNTRY (1-866-268-6879). Member FINRA /SIPC.
The investment objectives, risks, charges and expenses of the aforementioned investment options must be considered carefully before investing. The Variable Universal Life prospectus contains this and other important information about the investment companies, and it may be obtained by calling 1-866-COUNTRY (1-866-268-6879). Read the Variable Universal Life prospectus carefully before you invest or pay money.
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