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Continuous Pay (CP) – WL Series 200

Offers all the perks of the Continuous Pay – WL Series 100 with a lower maturity age and higher expected dividends to help build policy value faster.

Guaranteed Premium

Payable to age 95, with a no-cost policyowner option to extend

Guaranteed Cash Value

Faster guaranteed build-up; Cash value equals death benefit at age 95

Minimum Death Benefit

$10,000

CP Series 200 in action

Sarah, 38, is married with no children. She is seeking life insurance that can provide death benefit coverage to assist her husband, John, to keep their house in the event of her death while also providing the ability to access loan value1 or accelerated benefits if she were to develop a chronic or terminal illness.

Solution:

With the Continuous Pay Series 200 plan, Sarah can purchase $125,000 of whole life insurance that will provide coverage as long as premiums are paid. Sarah chooses to add the Disability Waiver of Premium Rider, which waives any premiums due if she were to become totally disabled, to lower the risk that her policy would lapse due to inability to pay premiums. And, at no additional premium, Sarah also has qualified for the LifeAid® Accelerated Death Benefit Rider that allows her to accelerate a portion of the policy’s death benefit if she were to become chronically or terminally ill.2

Sarah can purchase all of this for a total monthly premium of $1443!

By age 72, Sarah's planned retirement age, using annual dividends to purchase paid-up additions, she potentially would have more than $69,0004 of non-guaranteed cash value and a death benefit amount of over $150,000. She has peace of mind knowing that she has secured death benefit protection to assist her husband in the event of her death and the ability to access cash value should the need arise later in life.

Get a life insurance quote online or have an agent contact you

Other Whole Life Insurance Options

Limited Pay Whole Life Video

Limited Pay Plans

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Single Pay Whole Life Video

Single Pay Plan

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Whole Life Product Overview Video

Path Protector Plus® Whole Life

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Outstanding loans accrue interest and reduce the policy's death benefit.

Must be under 76 and meet underwriting standards. When paid, a lien with interest is created which reduces the death benefit and amounts available for loans and nonforfeiture. If lien is not repaid, the policy may terminate. Eligibility for certain government benefits may be affected. Not intended to be a substitute for long term care insurance, health insurance, or nursing home insurance.

For illustration purposes only. Subject to underwriting. Example assumes proposed insured’s rating classification is Preferred Non-Tobacco and monthly EFT is the selected premium mode.

Guaranteed cash value is $54,902. Example assumes no outstanding policy loans and annual dividends are paid based on dividend scales as of 11/1/2019. Dividends are not guaranteed.

Policy Form LWL18, Whole Life Insurance Policy; Policy Form LDIV19D, Dividend Options Endorsement; Policy Form 5784(R), Disability Waiver of Premium Rider; Policy Form 5786(R), Terminal Illness Accelerated Death Benefit Rider; Policy Form 5803, Chronic and Terminal Illness Accelerated Death Benefit Rider

Not available in AK, DC, HI, MT, or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact your agent or Illinois Mutual. If any discrepancies exist between this communication and the policy, the terms of the policy will control.

Illinois Mutual, its agents and representatives may not give legal or tax advice. An accountant or attorney should be consulted regarding individual circumstances.