Note: This plan is not currently available in New York.

Generation 3... a whole new way to look at life insurance

First there was term life insurance, then came whole life. Now there's Generation 3... combining the best of both term and whole life insurance. Generation 3 is a combination policy blending whole life, decreasing term, and paid-up additional insurance. It gives you level coverage (the benefit amount doesn't decrease), with premiums designed to remain level for life!

How the Generation 3 Plan Works: You choose the amount of coverage that best meets your needs... from $25,000 to $400,000. Coverage is issued in $1,000 increments. Generation 3 offers you the best of both worlds - the lower premiums of a term policy and the security of a whole life plan. The exact combination of whole life coverage and decreasing term protection is based on your age on the date insurance becomes effective. Typically, the coverage begins with 4% to 5% whole life coverage and 95% to 96% decreasing term coverage.

Premiums are also based on your attained age at entry into the plan and are expected to remain level as long as your coverage stays in effect. You cannot be singled out for a rate increase; your premiums may be increased only if they are increased for all insureds under the Group Policy.

Once issued, your total coverage amount remains level so long as your premiums are paid. Dividends as may be declared are used to purchase paid-up Whole Life additions. The Term portion of your coverage decreases as these Whole Life additions accumulate. Should no dividend emerge in any plan year, the amount of decreasing term coverage remains the same.

Check around and compare the cost. Right now, our Generation 3 Plan can give you the advantages of permanent lifetime protection at a fraction of the cost of a traditional whole life policy. And later, when you're older, the cost can be substantially less than term coverage.