Whole Life Insurance in Banner Elk, North Carolina
Whole Life Insurance In Banner Elk, North Carolina
In Banner Elk, North Carolina
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WHAT IS WHOLE LIFE INSURANCE IN Banner Elk?
Whole life insurance offers lifetime protection that builds cash value at a guaranteed interest rate. Permanent life insurance can help cover long-term needs, such as paying for final expenses, supplementing income, or paying off debts.
Product features and benefits in Banner Elk: in Banner Elk, North Carolina
Many individuals have a lifelong need for life insurance. Whole life insurance is a valuable option because it provides financial protection for your entire lifetime. In addition to a guaranteed death benefit, enjoy the advantages of building long-term cash value, which can be tapped into for any need via policy loans.
Level premium payments
Guaranteed death benefit
Simplified issue options
Build and access long-term cash value
Protects for your entire lifetime, rather than for a defined number of years¹
Death benefits are generally tax-free to your named beneficiaries and avoid the delays and expenses of probate, in most cases
COMPARE DIFFERENT TYPES OF BANKERS LIFE WHOLE LIFE INSURANCE POLICIES in Banner Elk, North Carolina
Bankers Life offers a variety of whole life insurance products to meet the unique needs of our customers. Depending on your age, budget and financial goals, check out the chart below to find the Bankers Life whole life insurance policy that checks all your boxes.
Product features and benefits
InnovativeLife SP I
InnovativeLife SP II
Death benefit amounts as low as $2,500
17—49 and 50—85
Guaranteed renewable for life
Single premium payment
Level premium payments, so out-of-pocket costs never change
Death benefit guaranteed not to change
Long-term cash value buildup
Access to your policy’s cash value through loans
Riders to enhance your policy
Automatic premium loan provision
Protects for your entire lifetime, rather than for a defined number of years
Face amounts as low as $30,000
Avoids the delay and expense of probate, in most cases
Death benefits are generally tax-free to your named beneficiaries
Lasting protection in Banner Elk, North Carolina
Additional benefits available with your BasicLife, SecureView®, or InnovativeLife SP whole life insurance policies
- Pay for final expenses.
- Supplement income/retirement.
- Pay off debt.
- Fund a college education.
- Create an emergency fund.
- Pay for medical bills.
- Leave an inheritance to children or grandchildren.
How do I know if I’m eligible? Banner Elk, North Carolina
- The first step in getting whole life insurance coverage is completing an application.
- Next, our underwriters will review your medical history to determine if your application is acceptable, and to identify your risk classification.
- You may need to complete a medical exam.
- Your premium amount will be determined by the amount of insurance coverage you request, plus your age, gender and risk classification.
Customize your policy with optional riders* in Banner Elk, North Carolina
*Riders may be subject to underwriting and availability. See agent for complete description and rules of each rider and benefit, including limitations and exclusions.
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About Bankers Life in Banner Elk, North Carolina
Bankers Life in Banner Elk is here to help you build a plan that provides security and peace of mind. With Medicare Supplement insurance, life insurance, long-term care insurance, supplemental health insurance and annuities, we can help you plan for medical expenses, protect your life savings, provide for your loved ones and more. Visit us at our Banner Elk, North Carolina location, or contact us at (888) 525-8019. Get a quote today!