Mutual Life Insurance

Mutual Life Insurance is an agreement among a number of persons to insure each other against loss of life and the company which does a business of insurance on the mutual principle, the policy holders sharing losses and profits pro rata is called Mutual life Insurance company. Mutual Life Insurance has provided dependable insurance and paid policy owner benefits for nearly a century. The security of our policy owners lies in the security of our assets. The strength and stability created by conservative management allows us to keep our promise of security to our policy owners today and for many generations to come.

Mutual Life Insurance includes traditional, universal, and term life insurance products with plans that can be tailored to fit individual needs. Immediate annuities for present or retirement needs are also the part of Mutual Life insurance. Thus Mutual Life Insurance Company product line includes a full selection of life insurance options (both Whole Life and Term Life) plus a tax-deferred annuity, disability coverage, and other financial services to help value-conscious consumers to plan their lives, build their futures, and achieve their dreams. Mutual Life insurance provides quality, affordable life insurance and financial services to families like yours.The following products are provided under Mutual Life insurance by most of the companies .Again the plans differ from company to company.

Whole Life Insurance which includes :-

Whole Life.
Single Premium Whole Life-A single payment for a lifetime of protection.
Whole Life for Children- whole life policies are available for Children.
20-Year Limited Payment Whole Life-Whole life protection without paying for the rest of your life.
Senior Life-Guaranteed acceptance for men and women ages 55 to 75.

Term Life Insurance which includes :-

Simple Term Life Insurance (Individual) - Initial 10-year level premium.
10-Year Renewable and Convertible Term-Fixed rate for initial 10-year period; rates increase each year thereafter.
20-Year Renewable and Convertible Term-Fixed rates for initial 20-year period; rates increase each year thereafter.
Single Premium Term Life for Children-Term Life for children, convertible to Whole Life at age 21.
1-Year Renewable and Convertible Term-Fixed rate for initial 1-year period;rate increases each year thereafter.
15-Year Renewable and Convertible Term-Fixed rate for initial 15-year period ,rates increase each year thereafter.
30-Year Renewable and Convertible Term-Fixed rates for initial 30-year period; rates increase each year thereafter.

There is no such thing as too much security. That's why variety of optional Supplemental Benefits and Riders are also available as a addition to most policies we offer. So if you own or recently dropped a life insurance policy or an annuity contract issued by a Mutual life insurance company, or if you are thinking of buying one consider all the options and make a wise decision for your life.

Mutual Life Insurance is dedicated to providing you with superior service and excellent products to meet varied financial goals. We provide high quality traditional, universal, and term life insurance products with plans that can be tailored to fit individual needs. We also offer deferred and immediate annuities for present or retirement needs. With our long history of dependable performance, integrity, financial strength, and outstanding service, there is nothing finer in life than mutual trust.
If you own or recently dropped a life insurance policy or an annuity contract issued by a mutual company, or if you are thinking of buying one, this may affect you.