Community Mutual - Life Insurance
Community Mutual Life - Individual Life Products
insurance is designed to provide financial protection for
individuals dependent upon the insured person, in the event
of the insured persons death. While this is the primary purpose
of life insurance, there may be other advantages, including
the potential to accumulate a cash value, such as American
Community Mutual's Value Life Plan. In addition, very affordable
spouse and children life insurance riders may be added to
all Individual Life Insurance Policies.
American Community Mutual Life Plans
Term 4 Life
Term 4 Life is an innovative insurance policy that provides
permanent type low cost coverage to age 99, without generating
cash values. Premiums for Term 4 Life are guaranteed for the
first four years and predictable for the remainder of the
policy. The death benefit amount will remain the same through
the duration of the American Community Mutual Life policy.
Term 4 Life is an affordable solution to your need for permanent
life insurance. This product is available for people ages
18 through 70. Included in the policy is a living benefit
payable when the insured is diagnosed as having an illness
expected to be terminal within six months.
Value Life is an affordable whole life (permanent) insurance
policy that builds guaranteed cash values. The premiums remain
the same through the duration of the policy and will not increase.
As an included benefit, if the insured is diagnosed as having
an illness expected to be terminal within six months, a living
benefit, or an accelerated payment of life benefits, is paid
from the policy. American Community Mutual's Whole life insurance
provides the comfort of fixed premiums with a guaranteed death
benefit. Value Life has an increasing lump sum cash value
which you may borrow against at low interest rates. Though
not guaranteed, they historically have paid an annual dividend
on Value Life. Value Life is a great life insurance policy
for all age groups, including children and newborns!
Term Life insurance pays a death benefit if the insured person
dies during the term of the policy. Term insurance is ordinarily
purchased for a set period of time, such as 10, 15 or 20 years.
Level Term policies are very popular for the temporary life
insurance need. American Community Mutual's Term Life premiums
are inexpensive during the period of the policy and are guaranteed
renewable at the expiration of the initial policy. Term Life
also includes a living benefit when the insured is diagnosed
as having an illness expected to be terminal within six months.
An added feature on the Term Life plan is the ability to convert
to their Value Life policy without evidence of insurability.