Meet Julia

Family is important to Julia, and life insurance is important to Julia’s family. In fact, Julia’s family considers life insurance to be an essential part of their financial plan. Each one of Julia’s 10 siblings has purchased a life insurance policy because they know it is a good way to prepare for tomorrow. However, as Julia entered retirement, she realized she was the only one without a policy. With two children and two grandchildren of her own, Julia knew she needed to protect her future and theirs.

Meet Carolyn

A single mother who raised five children on her own, Carolyn admits life hasn’t always been easy. But her daughter Sylvia says that despite the challenges, her mom never left the family wanting. Even today, with her kids grown and on their own, Carolyn continues to provide for their futures.
Her Life Foundations Whole Life Insurance plan lets her leave a financial inheritance—in addition to a strong legacy of trust, honesty and caring—for the next generation of family.

Path Protector^SM Term Insurance

Term insurance, as the name implies, provides protection for a particular term or length of time, and therefore pays a benefit if you die during the term period. Term insurance is the lowest premium life insurance available which allows you to maximize your coverage at a very affordable cost. Unlike permanent insurance, no cash values build within a term life policy.

How Does It Work?

You choose the term of the policy, within the limits offered by
Illinois Mutual – 10, 15, 20 or 30 years. The policy provides level death benefit protection for the full term period.

Benefits

• More life insurance at a lower cost.
• May combine term insurance with permanent insurance for the best mix in your personal situation.
• May be renewed without proving insurability.
• May be converted to a permanent policy without proving insurability.

Whole Life

Whether you’re a young adult beginning an insurance program, part of a family needing protection while saving for the future, or a mature consumer who needs to meet final planning objectives; whole life makes great financial sense. As long as the premiums are paid, your policy will remain in force and will provide life insurance coverage for your whole life.

How does Life Foundations Whole Life work?

With the LFWL plan, a part of each premium is set aside in a cash value account that grows tax-deferred over the life of the policy. The cash value can help with many life events such as providing an emergency fund, paying off a mortgage ahead of schedule, financing a college education and supplementing retirement income. The LFWL plan is also participating, which means Illinois Mutual pays dividends when possible. Dividends enhance the financial value of the policy as they accelerate cash value and death benefit growth within the policy. Dividends credited can be used to purchase additional insurance, reduce future premiums, accumulate at interest or receive cash.

The LFWL offers five different payment options that will determine the length of time you pay premiums for your life protection plan. Based on your budget and planning goals, you select the payment option that makes the most financial sense. The LFWL plan also offers a level term insurance rider which provides affordable life insurance protection and can be included on the primary insured as well as the spouse. This rider gives you the ability to maximize coverage at a low cost and gives you the opportunity to ensure the right amount of protection is available throughout different life stages. A child insurance rider is also available.

Benefits

• A predictable, level premium throughout the premium payment period
• A savings element in the form of accumulating cash values
• Provides guaranteed protection and guaranteed asset growth
• A choice of non-forfeiture options that allows you to retain some benefits even if you are unable to continue paying premiums

Policy Form 617, Whole Life Insurance To Age 121 Policy

Universal Life

Illinois Mutual’s
ValueLife Protector (VLP) is a flexible premium universal life insurance policy offering insurance protection and tax-deferred cash value buildup. VLP gives you the ability to adapt coverage and payments to meet your changing needs without compromising continued insurance coverage you can count on.

How does ValueLife Protector work?

The ValueLife Protector policy’s name asserts what it’s about – value. This plan is an excellent solution for protecting your dreams and securing your financial future.

Benefits

• A death benefit that is free from income taxes
• Cash value that grows tax-deferred and can be accessed when needed
• Flexible life insurance protection that can adapt to your changing needs
• Premium payments designed to fit your budget
• Can provide level term insurance on your spouse and children
• Gives you the ability to customize your coverage with a variety of policy riders

Mature Market

A quality life insurance program is an important component/consideration when addressing specific financial planning issues at this point in your life. Our Mature Market life insurance plans can provide income tax-free benefits to help pay for the following expenses:

• Funeral costs
• Medical bills
• Probate costs
• Pay off mortgage
• Pay off consumer debt

You can also use our Mature Market plans to meet a variety of financial goals:

• Fund a grandchild’s college education
• Provide a charitable gift for your church or non-profit organization
• Create an endowment fund

Level and Modified Whole Life insurance policies can be designed to meet your individual needs, offering:

• $5,000 minimum face amount
• Guaranteed premiums
• Guaranteed death benefit*
• Simplified underwriting – no medical requirements

ChildGUARD^®

As a parent or grandparent, you have the opportunity to provide life insurance protection for a child and guarantee his or her future life insurability, regardless of the road that lies ahead.
Illinois Mutual's ChildGUARD^® plan is an easy and affordable way to begin a lifetime of protection from birth to age 18. A one-time premium payment of $300 provides one unit of life protection with the following insurance guarantees:

• $5,000 from age 0 to age 12
• $10,000 from age 13 to age 17
• $15,000 from age 18 to age 23
• A maximum of two units may be purchased on each child.

Future Insurability Guarantee

This one-time premium payment will insure your child or grandchild through their 23rd birthday. After that, they can take advantage of ChildGUARD's future insurability guarantee. It allows your child or grandchild to continue with permanent life insurance protection up to $100,000 at age 23, regardless of future health considerations as long as premiums are paid. This means that no matter what their health situation may be at age 23, they are guaranteed life insurance coverage.

Benefits

• Low cost one-time premium payment
• Provide protection now and guarantee future insurability

The LIFE* Foundation’s “Insure Your Love” campaign can help you learn about the importance of protecting the ones you love with life insurance. Visit www.insureyourlove.org for quizzes, calculators, videos and other interactive resources – see how you can help Insure Your Love today!

* Illinois Mutual is a member of LIFE, the Life and Health Insurance Foundation for Education.

You choose the term of the policy, within the limits offered by Illinois Mutual – 10, 15, 20 or 30 years. The policy provides level death benefit protection for the full term period.

Our ValueLife Protector (VLP) is a flexible premium universal life insurance policy offering insurance protection and tax-deferred cash value buildup. VLP gives you the ability to adapt coverage and payments to meet your changing needs without compromising continued insurance coverage you can count on.

Our Mature Market life insurance plans, Level Death Benefit Whole Life and Modified Death Benefit Whole Life, offer guaranteed premiums, guaranteed death benefit and simplified underwriting*.

Our ChildGUARD^® plan offers straightforward individual life insurance protection for your child or grandchild with a one-time premium payment. There is also a future insurability guarantee, which allows your child or grandchild to continue with permanent life insurance protection at age 23*, regardless of future health considerations, as long as premiums are paid.

February is a month to show love. Through the LIFE* Foundation’s nationwide “Insure Your Love” campaign, you can learn more about helping protect those you love with life insurance. Visit www.insureyourlove.org for quizzes, calculators, videos and other interactive resources – see how you can help Insure Your Love today!

* Illinois Mutual is a member of LIFE, the Life and Health Insurance Foundation for Education.