 IF
YOU EVER CANCEL THE POLICY, you will get back in cash every
penny you paid over $25 per year.
FOR EXAMPLE: You will
pay only $25 per year through age 24. At age 25, you will begin paying
$90 per year, of which the entire increase of $65
will go towards the policy's cash value.
Click here for an example of a policy's cash values.
IF
YOU EVER NEED CASH, you can keep the policy in force and
borrow the cash value at the low interest rate of 7% (6.5% in advance).
In fact, as long as the cash value is greater than the loan balance, no
payments are required since the interest will simply be added to the balance.
NOTE: If the insured passes
away while a policy loan is in force, the loan will be re-paid out of the
insurance proceeds.
CASH VALUE TABLE for a 10-year old male
INSURED'S
AGE |
ANNUAL
PREMIUM |
TOTAL
PREMIUMS
PAID
|
CASH
VALUE* |
| 10-24 |
$25.00 |
$375.00 |
$0.00 |
| 25 |
$90.00 |
$440.00
|
$65.00 |
| 30 |
$90.00 |
$765.00
|
$390.00 |
| 35 |
$90.00 |
$1,090.00
|
$715.00 |
| 40 |
$90.00 |
$1,415.00
|
$1,102.82 |
| 45 |
$90.00 |
$1,740.00
|
$1,685.68 |
| 50 |
$90.00 |
$2,065.00
|
$2,352.60 |
| 55 |
$90.00 |
$2,390.00
|
$3,098.28 |
| 60 |
$90.00 |
$2,715.00
|
$3,905.49 |
| 65 |
$90.00 |
$3,040.00
|
$4,756.03 |
|
*Cash values are as of the end of each policy year.
|
|
|
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