Bankers Life and Casualty Company was founded
in 1879 and has grown to become one of the largest and most
reputable insurance companies in the United States. Specializing
in the needs of senior citizens, Bankers Life is a subsidiary
of Conseco Inc. and provides a wide range of insurance products
including long-term care insurance, life insurance, annuities
and Medicare supplements. Bankers Life and Casualty Company
is based in Illinois and is licensed in every state with the
exception of New York.
Bankers Life and Casualty - Life Insurance Products
Term Life Insurance: Term Life Insurance is temporary coverage good for the life of the term, typically up to 20 years. Term life policies only pay death benefits and do not build cash values. With Level Term Insurance both the premiums and amount of insurance protection stay constant for the life of the policy. Decreasing Term Insurance is a policy typically purchased when insurance coverage is needed even though personal funds are being allocated to other expenses. Credit Life Insurance is term life insurance designed to pay off debt should the insured die before fulfilling all payment obligations. Increasing Term Insurance is a policy that provides a death benefit that increases over the term of the policy. Many term life policies are renewable and convertible into whole life plans.
Permanent Life Insurance: Permanent Life Insurance lasts throughout the
life of the insured provided that all premiums are paid. One
half of the premium goes to the insurance company to pay for
the insurance protection and the other half goes toward the
cash value buildup.
Whole Life Insurance: Whole Life Insurance requires premiums to be
paid on the policy for the rest of the insured's life and
goes to paying the face amount or death benefit to the beneficiary.
Limited Pay Policies: A Limited Pay Policy is a form of whole life
insurance that requires the payment of premiums for a specific
number of years or to a specific age. This option is offered
to individuals who want lifetime insurance coverage but do
not want to pay premiums for the rest of their lives. The
premiums are generally higher and the cash values of limited
pay policies build at a faster rate than regular whole life
policies.
Single-Premium Whole Life: Single-Premium Whole Life is a limited pay life
policy with a premium that may be as high as thousands of
dollars.
Juvenile Insurance: Juvenile insurance is a means of building an
insurance program with low premiums and standard rates. This
form of insurance helps to protect a child's ability to procure
insurance should the future hold unforeseen illness that may
render them uninsurable. Juvenile insurance can be used to
build cash or loan values and can be attained in any type
of ordinary coverage.
* My-Life-Insured.com makes no representation, express or implied, that you will receive a quote from the company or companies profiled on this page. My-Life-Insured.com provides free information concerning companies, insurance products and services but is not an agency or an insurer. Not all products are available in all states, and no guarantees regarding same are made herein. Please speak to a licensed insurance agent for more information. Read more about us.
Key Fact:
Less than half (47%) of U.S. households own individual life insurance. Don't be one of them. Safeguard your assets and protect your loved ones by finding a life insurance policy that fits your needs.
