PFP | The Family Security Plan® Whole Life Insurance features:
Flexible Benefits and Affordable Rates
You can choose the death benefit amount that gives you peace of mind and the premium amount that will fit your budget.
Your spouse, for as little as $3 a week, your grandchildren and great-grandchildren, for $2 a week per child, and even your parents are all eligible for Whole Life Insurance.
You are covered as soon as you accurately fill out, sign your application and authorize payment.
Convenient Premium Payment
There are no bills to watch for or checks to mail. Premiums are conveniently paid automatically from the financial institution of your choice.
Permanent Insurance Protection
The policy is yours to keep by continuing to pay premiums, even if you have a change in employment or health.
You can keep your coverage at the same cost if you change jobs or retire.
Guaranteed Cash Values
Whole Life Insurance contains a guaranteed cash value feature. Payment of the scheduled premiums will produce guaranteed cash values, much like the equity in your home. There are a number of benefits to this cash value feature:
1. 1.It is tax-deferred and you can use it by taking a policy loan1.
2. 2. Or if you were to retire, you could use your cash value to purchase a reduced policy amount and make no further premium payments.
3. 3. Or you could elect to keep the policy and allow the cash value to grow.
Paid-up life insurance allows you to keep your policy without paying any premiums. Once you have built up a sufficient cash value in your policy, you can use your cash value to purchase a reduced policy amount, and make no further premium payments.