Whether your primary concern is your family, your business or your estate, if you’re a resident of New York, Modern Woodmen’s Term to 80 can help you gain the financial security you need at an economical cost.
T80 offers level death benefit coverage to age 80 and features multiple premium payment options for terms as long as 15 years.
Advantages
Affordability
With term life insurance you receive the most life insurance protection for your premium dollar. If you meet health and additional requirements, you may qualify for reduction of premiums through a preferred or super-preferred rating.
Death benefit protection
Your family’s home, welfare and dreams can be protected upon your death. With help determining appropriate coverage, an outstanding mortgage can be paid off, your children’s college costs can be covered and your spouse’s retirement ensured.
Convertibility
If your life circumstances change, you can convert your Term to 80 coverage to a permanent plan of insurance prior to the 20th certificate anniversary or age 70, whichever comes first. Conversion allows you to lock in premiums and build cash value in your certificate, accumulating funds for your future.
Premium options
By choosing between the following four premium options, you can create a Term to 80 life insurance plan to suit your needs.
- Premiums increase annually
- Premiums are level for five years, increase and are level for another five years, then increase annually.
- Premiums are level for 10 years, then increase annually.
- Premiums are level for 15 years, the increase annually.