Path Protector Plus® Whole Life Insurance
Illinois Mutual's variety of whole life insurance products can cover needs across the financial spectrum with five different customizable plan types. See which permanent life insurance plan might be right for your situation.
Path Protector Plus® Whole Life Insurance: Protecting Your Path in Life
Though today's financial marketplace can change quickly, whole life insurance has remained a stable part of a financial plan that can combine three guarantees: death benefit, fixed premiums, and cash value into one powerful and effective asset.
We developed our Path Protector Plus® Whole Life product, not only to better serve the middle market, but also to meet a wider range of coverage needs across the financial spectrum. Because we offer five different whole life plans and a variety of riders to further customize coverage, we have the right fit for people's needs depending on their life stages, financial situations, and planning objectives.
Our lowest cost whole life plan, Continuous Pay Whole Life Series 100, is intended for those looking for simple, affordable and guaranteed coverage. It provides death benefit protection with guaranteed cash value accumulation and can be a great choice for a young family who intends to supplement their death benefit coverage by also purchasing term life insurance to create a blended policy.
Next we have Continuous Pay Whole Life Series 200, which offers all the perks of Continuous Pay Series 100, but with a lower maturity age and higher expected dividends to help build policy value faster. This can be an ideal selection for those looking for more from their coverage, but who may have budget constraints that won't allow a limited pay option.
Now as we transition from our Continuous Pay Plans to our Limited Pay Plans, let's take a look at Limited Pay Whole Life Series 100. This whole life plan is crafted for those looking for a budget-friendly limited pay plan, with guarantees and dividend potential found in a participating whole life policy, while maintaining a focus on lower premium than the Limited Pay Whole Life Series 200, our next plan.
The Limited Pay Whole Life Series 200 features higher early cash values than the Limited Pay Series 100 and policy growth to supplement savings with a tax advantaged vehicle. Limited Pay Series 200 offers all the perks of the Limited Pay Series 100. This is our fastest cash value accumulation whole life policy.
Finally, we have Single Pay Whole Life. Single Pay offers guaranteed death benefit protection and cash value accumulation, with no future premiums. This could be an excellent solution for those looking for life insurance coverage that can help them maximize their legacy. Single Pay is usually a modified endowment contract, so you'll want to consult an accountant or attorney regarding your specific circumstances.
Thank you very much for taking the time today to learn about our Path Protector Plus® Whole Life Insurance. We look forward to serving you soon.