Financial Security Program - Exclusively for Members of KPC
Whole Life Insurance Plans
Benefit | Available |
Simplified issue - No medical exam 1 | ✓ |
Lump-sum death benefit for burial expenses, offsetting debts and other needs | ✓ |
Early payout of death benefit in case of terminal illness | ✓ |
Added payout in case of accidental death - typically optional | ✓ |
Early partial payout of death benefit in case of critical illness | ✓ |
Income for a benficiary up to age 85 * | ✓ |
Optional annual birthday gifts to a beneficiary up to age 22 * | ✓ |
Optional tuition assistance for a benficiary for higher education and/or full-time military enlistment * | ✓ |
Optional supplementary income for a benficiary for life or to age 65 * | ✓ |
1 Issuance of the policy may depend on the answers to health questions in the application process.
* Optional benefits provided by rider(s)(an addition to your policy). Products and riders may not be available in all states. Benefits become available only upon the death of the Insured. The named Rider Beneficiary must be alive to receive benefit payments, which will cease if he/she dies prior to the end of the term stated in each rider. Rider premiums will cease at the completion of rider benefits or if the rider terminates for any reason. College tuition assistance is paid over a maximum of 4 annual payments for a qualifying institution or military service. This benefit must commence by age 22.