Foresters Insurance | Familylife’s Protector Option
Protector Option
The Familylife1 Protector Option is available at all issue ages for the Pay to 100 option, and at issue ages 0 to 70 for the 20-Pay option. The Protector Option provides enhanced life insurance through a combination of Paid-up Additional Insurance (PUA) and One-Year Term Insurance (OYT).
Let’s see it in action
Because the Protector Option is made up of a combination of PUA and OYT, there can be some significant benefit to purchasing a greater volume of Familylife insurance. Pamela is a 40 year old non-smoker and she was contemplating the purchase of a $100,000 total face amount Life Pay Familylife certificate. Her base coverage would be $51,250 and her enhanced protection would be $48,750. The monthly premium for this total coverage would be $102.45.
However, there is considerable value in looking at a greater package of total Familylife coverage. If Pamela were to purchase $175,000 of Familylife where $59,850 was made up of the base and $115,150 was enhanced protection, the monthly premium is only $118.13. For a little over $15/month she would be adding $75,000 of permanent coverage!
Here are some examples:
Details
This option can only be selected at time of purchase; the insured cannot change the dividend option to the Protector Option after the insurance takes effect. For more details on the Protector Option, including its potential impact on cash value, please refer to our comprehensive Familylife Advisor Guide.
For Advisors Use Only
Foresters™ is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9; its subsidiaries are licensed to use this mark.
1Underwritten by The Independent Order of Foresters.
410387 CAN (10/13)