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Limited Pay (LP) – WL Series 100

Death benefit protection that is paid for during working years while maintaining a focus on lower premium than the Limited Pay – WL Series 200.

Guaranteed Premium

Payable to Age 75 or 30 years, whichever is longer

Guaranteed Cash Value

Faster build-up due to limited pay structure

Minimum Death Benefit

$25,000

LP Series 100 in action

Eric, 48, and his wife, Nicole, 49, couldn’t be prouder of their three adult children, who are in their mid-20s. Eric and Nicole have watched them blossom and grow into young adults who will likely be starting families of their own in the near future. They want to continue to help them be successful and are looking for an insurance solution that can help them create a financial platform from which to accomplish this.

Solution:

Using the Limited Pay Series 100 plan, for a monthly premium of $1631, Eric can acquire $75,000 of whole life coverage to help protect his family financially. To help him achieve his commitment to providing his children financial assistance, Eric names them as beneficiaries. He is also interested in policy growth to increase the amount he is able to leave them.

If Eric uses annual dividends to purchase paid-up additions, the policy’s non-guaranteed death benefit potentially could grow to more than $96,0002 by age 78, when this limited pay policy is fully paid up – an increase of over $21,000. Eric potentially increases the amount he can leave each child by just over $7,000.

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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.

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

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.