Whole life

Protect your life - your Whole Life

A Whole Life insurance plan is permanent life insurance that protects you for your entire life and can never be cancelled, once the premiums are paid.  Whole Life insurance builds modest cash value over time.

Features & Benefits:

Your Whole Life Plan offers insurance protection for the entire duration of your life, providing it is paid. On your death, your beneficiary will receive whichever of the two amounts below is greater.
-    The face value of your insurance OR
-    The Accumulated Value of your plan at the time of death plus $5,000   

Building cash values
A Whole Life plan builds modest cash values over time.

Level Premium
Your Whole Life insurance premium will never change once the policy is paid. This benefit means that low premiums that are available to you in your younger years will remain constant as you age.

Policy Loan
The policy owner may borrow up to 90% of the Cash Surrender Value of the plan, minus any indebtedness to BAF.

Retirement Funding
Over the long term, if you no longer need the death benefit protection, accumulated cash values can be accessed through policy loans or surrender to supplement retirement income.

Mortgage Protection
Your insurance policy can be used as collateral to secure a mortgage or other loan from a lending institution. Your policy guarantees the lender that they will be repaid in the event of your death.  Any remaining value of your plan will be paid to your beneficiary after the lender’s collateral assignment has been satisfied.

Riders can be added:

• Accidental Death and Dismemberment 
• Waiver of Premium Benefit

brochure_WholeLife.pdf (~ 1.33 MB)