Benefits of Your Policy's Cash Value
If you ever cancel the policy,
you will get back in cash every penny 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.
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 |
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 |
$1740.00 |
$1,685.68 |
| 50 |
$90.00 |
$2065.00 |
$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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