Simple Choice Level Convertible Term Life Insurance
Help ease your mind about your family’s future with this temporary coverage for 10, 15, 20 or 30 years to help cover household expenses.
Why Choose Simple Choice?
Term life insurance may be an effective financial solution for people who need coverage for a specific period of time.
When you have children, a mortgage or other major expenses, life insurance may not be the first thing on your mind. But not having coverage may put your family's financial future at risk. Simple Choice Term Life Insurance may provide
affordable protection that helps suit your immediate life insurance protection
Your premium is guaranteed to remain the same for the coverage term you select: 10, 15, 20 or 30 years regardless of your age or health. If you pass away at any time during your policy term, your beneficiary will receive the guaranteed death benefit – funds that can help protect your loved ones.
Benefits of Simple Choice Term Life Insurance
Flexible and dependable to fit your needs, Simple Choice Term Life Insurance offers protection designed to be affordable:
Choose coverage amounts starting at $25,000
Your premiums stay the same for your chosen coverage term: 10, 15, 20 or 30 years
Guaranteed death benefit at any time during your coverage period as long as premiums are paid
Option to convert to permanent insurance after policy is issued1
Accelerated Death Benefit Rider if the insured has a chronic and/or terminal illness2
Death benefit proceeds can be paid as an optional monthly income stream with Income Choice Term option
Term life insurance policies may be a preferred
option to some for initial coverage because you choose the amount and duration of the policy that fits their specific situation. Then, as their needs change, people may convert some
or all of their policies to permanent life insurance to help give their
families an even greater level of financial security. Consider term life insurance if:
You are just starting out and your primary focus is on yourself and your own security.
You are making big changes in your life as you begin or change careers, get married, purchase a first home or start planning for a family.
You are beginning to understand the importance of insurance due to increasing financial burdens, new assets and having loved ones to protect.
Eighty-four percent of Americans would agree most people need life insurance, yet when asked, only 57% said they needed any. (Insurance Barometer Study, LIMRA & Life Happens, 2018. Insurance Barometer Study, LIMRA & Life Happens, 2019)
In the event of a tragedy, life insurance can help pay bills and meet ongoing living expenses, pay off debt, including credit cards and mortgage, finance future needs like education, protect a spouse, pay for funeral costs and leave a financial legacy. (LIFE Happens, 2019)
57% of American households have life insurance. (Insurance Barometer Study, LIMRA & Life Happens, 2019)
40% of families would immediately struggle to pay living expenses if the primary wage earner died. (Insurance Barometer Study, LIMRA & Life Happens, 2019)
43% of Americans have no insurance whatsoever. (Insurance Barometer Study, LIMRA & Life Happens, 2019)
Did you know? Over half the population thinks term life insurance is over three times more expensive that it is? (Insurance Barometer Study, LIMRA & Life Happens, 2019)
Of the people who already have a life insurance policy, 1 in 5 admit they don't carry quite enough. (Insurance Barometer Study, LIMRA & Life Happens, 2018)
44% of Millennials overestimate the cost at five times the actual amount. (Insurance Barometer Study, LIMRA & Life Happens, 2018)
3 reasons for not having life insurance are that it's too expensive, I don't have time to get the coverage and I don't know what kind of coverage I need or how much. (Life Happens, 2019)
We can help you insure the ones you love. Start now.
Western & Southern Life
Insurance | Retirement |Investments
The Western and Southern Life Insurance Company, Cincinnati, OH, operates in DC and all states except AK, ME, MA and NY. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except NY. Western & Southern Life is the marketing name for The Western and Southern Life Insurance Company. Each company is financially responsible for its own products and services.
1 Increases in coverage are subject to new underwriting.
2 The ADBR rider is generally automatically included on a life insurance policy at no additional premium subject to underwriting and state availability. The cost of the rider is built into the life insurance premium, though if exercised, the lien created incurs interest unless repaid. The rider allows an advance to be paid against a portion of the death benefit in the form of a lien or loan against the policy provided the insured is diagnosed with a qualifying chronic or terminal illness. Rider terms vary by type of life insurance and state. The type of illness determines the maximum advance amount available. There are no restrictions on how the money from the ADBR can be used after payment. The ADBR is added at no additional premium (although a fee of up to $250 may be charged for an advance payment). If not repaid, will reduce the Death Benefit and affect other policy values. Receipt of accelerated benefit payments may adversely affect the recipient's eligibility for Medicaid or other government benefits or entitlements. They may also be considered taxable by the Internal Revenue Service. You should contact your personal tax advisor for assistance.
Individual Term Life Policy Series ICC18 1801-307 WSA issued by Western-Southern Life Assurance Company, Accelerated Death Benefit Rider Series 1308-301 WSA, 1308-331 WSA, Accidental Death Benefit Rider Series 9401-3540 WSA, Waiver of Premium Series ICC18 1801-302 WSA, Children Term Life Insurance Rider Series ICC10 1103-2675 WSA, Other Insured Term Rider ICC18 1801-2610 WSA issued by Western-Southern Life Assurance Company, Cincinnati, Ohio, which operates in DC and all states except NY.
The Income Choice Term product ICC20 2008-2627 is available as an option under the Simple Choice Term product ICC18 1801-307 by selecting one of the period certain guaranteed payment options. Should an alternate payment option be selected, the client will receive the Simple Choice Term product. Product features, rider availability and benefit provisions vary by state. Availability is also subject to underwriting. The policies and riders offered contain exclusions, limitations, reductions of benefits, and specific requirements for keeping them in force. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, Western-Southern Life Assurance Company, Cincinnati, Ohio, which operates in DC and all states except NY. Guarantees are based on the claims-paying ability of the issuing company. Western & Southern Life is the marketing name for Western-Southern Life Assurance Company. Individual Term Life Policy Series ICC18 1801-307 WSA. Endorsement series ICC20 2008-2627 WSA END.
These policies and benefits may not be available in all states, and benefits may vary by state.
Life insurance policies contain certain exclusions, limitations, reductions of benefits and terms for keeping them in force. Please contact a financial representative for complete details.
Life insurance products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value.
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Life Insurance with a Reliable Income Stream:
What is it, and why would you want it?
We don’t really like talking about it, but death… is part of life. And while we can’t plan when that will happen, we can take steps to help make sure our loved ones are taken care of, financially.
That’s where life insurance comes in.
Most life insurance pays a lump sum of money to a beneficiary when the insured person dies. While that’s a valuable benefit, how do you know your loved ones will have enough ongoing income to maintain their current lifestyle? How will they stay in your home? Continue to pay the bills? Or save for the future?
We may have an answer. But let’s start by understanding there really are two types of financial needs when someone dies – Immediate, and ongoing.
By immediate, we mean expenses that occur within a couple of months of someone’s death…
Like their funeral. In 2019, the average funeral and burial cost over $9,100.1
But then there’s debt, too, which doesn’t go away when someone dies. Did you know that 73% of Americans die in debt? And the average amount they owe? It’s over $61,000.2
1 National Funeral Directors Association, 2019 Statistics. 2 Experian data as reported to Credit.com, accessed Sept. 2020. Includes home loan balances.
Okay, immediate expenses. They’re real.
But then… there are ongoing expenses, and by that we mean costs your loved ones will need to continue paying to maintain their current lifestyle.
Ongoing expenses can add up. Now what?
With Income Choice Term from Western & Southern Life, you decide how much money your loved ones receive when you die, as well as how much they receive as regular payments into the future. That helps create peace of mind, knowing your loved ones will be taken care of, financially.
Income Choice Term. Life insurance that pays an up-front death benefit and provides an ongoing, reliable income stream.
Is Income Choice Term right for you?
Talk to a Western & Southern Life financial representative today.