Insurance Company - Life Insurance
Life Insurance Company
Life Insurance Company has nearly 3,000 sales associates serving
approximately a million policyowners throughout the U.S. Whether
you are seeking the right products for your financial future
or the right path toward a new career, The Franklin can guide
you. Find out about this top organization and locate the Franklin
associate near you by browsing their Web site.
The Franklin Life Insurance Products
of the type, life insurance offers a death benefit. When an
insured individual dies, the benefit goes to a named beneficiary.
A life insurance policy is a legally binding contract under
which the insurance company agrees to pay a certain amount
of money upon the death of the insured party, in return for
payment of premium.
Term Life Insurance
"pure" death-benefit policy, it offers no cash value and usually
has a lower premium than permanent insurance policies. The
death benefit protection is for a given period of time. Some
term insurance can be converted to a permanent product, which
builds a cash value.
Term - A product that offers coverage for a fixed period
of time, 10 years, for example. Franklin offers a variety
of level term products varying from 5 to 30 years. You select
the plan length that best serves your needs.
Renewal Term - A product that is renewable on an annual
basis at a slightly higher premium than the previous year's.
Initial premiums usually are lower than the level term products.
permanent life insurance product that provides a death benefit
for the entire life of an individual as long as premiums are
paid. It offers a level premium. The cash value can be used
to purchase more insurance or can be considered an emergency
fund; the insured can borrow against the policy. Franklin
offers a variety of whole life products to meet your needs.
Whole Life - A portion of the death benefit in this whole
life product is composed of term insurance. As the premium
is paid through the years, the term insurance element is replaced
by permanent insurance. The policyowner can choose the premium
amount and coverage desired by setting the mix of permanent
and term insurance and can accelerate the cash value buildup.
Franklin offers the CustomPlus blended whole life policy.
- can be added to the whole life policy to increase death
benefits, protect other family members, waive the premium
requirements should the client become disabled, and to pay
monthly benefits to partially replace income lost due to disability.
Interest-sensitive Life Insurance
is a form of permanent life insurance that is tied to interest
rate movements and/or market performance.
Premium Variable Life - This product offers a death benefit
and cash value based on the performance of underlying investment
divisions. Some of these policies contain guaranteed elements.
American Franklin Life offers the EquiBuilder III Flexible
Premium Variable Life product with investment portfolios provided
by Fidelity Investments® and Massachusetts Financial Services.
insurance provides for the "forgotten need," the need for
income when accident or illness disables the insured person.
It can provide a fixed monthly income and be enhanced with
options such as an additional monthly income benefit, a monthly
income benefit during lengthy hospitalization, and accidental
death and dismemberment coverage. The Franklin's products
include Income Protection Plus, which accumulates a cash value,
and Income Protection, which does not.
the nation's third-largest writer of new individual life insurance
premium, The Franklin Life Insurance Company provide security
and peace of mind for over 8 million customers. They offer
a range of products from basic term life insurance, to an
array of fixed and variable life insurance and annuities,
to sophisticated retirement planning and estate planning solutions.