Product Portfolio

 



Economax is a blended insurance policy composed of approximately 30% whole life and 70% term insurance. This combination can make it a useful choice for families and businesses on a limited budget who want the permanent power of whole life coverage and the cost-saving benefits of term insurance. Economax's cost-effective, level premiums can also make it a useful alternative for anyone who currently owns term insurance and wants to begin to build cash values with whole life.

Personal Uses: Family protection; mortgage protection; estate tax protection for grandparents; forced savings; and as a low cost universal life alternative. Best used when the death benefit is needed and cash value is of secondary importance.

Business Uses: Buy & sell agreements; estate conservation and liquidity; stock redemption; and coverage for farm and business loans.

Features



Premiums are level and payable to age 100.



Preferred rates are available at face amounts at or above $100,000.




There are guaranteed and non-guaranteed cash values. Based on 4% and 2001 CSO Tables. Vary by underwriting class, sex, issue age and duration.

Riders



Accelerated Death Benefit – Chronic and Terminal Illness



Accidental Death Benefit



Applicant Waiver of Premium Benefit



Children's Insurance Rider



Single Premium Paid-Up Additional Insurance Rider



Guaranteed Purchase Option (GPO)



7 Year Term Rider



15 Year Term Rider



Waiver of Premium - 2 Year Own Occupation

Waiver of Premium - 5 Year Own Occupation

MORE ON ECONOMAX

Download
Consumer Brochure

Download
Product Guide

WRITE YOUR FIRST CASE NOW!

QUESTIONS?

Have questions about our Economax or other whole life products? Contact our Sales Development Team at 1-800-323-7320, ext 5140.