Below is a summary of available life insurance and annuity products for individuals.*

Annuities

 

Build tax-deferred savings and receive a guaranteed income stream.

 

Annuities are retirement savings plans for tax-qualified and nonqualified funds. Premium payments grow with tax-deferred interest. Withdrawals are available with certain qualifications. Savings can provide a guaranteed income for life or for a specified period.

Bonus SPDA 2% (policy form ICC10ELP007 or ELP007) (LP202 for CA only):
Bonus SPDA 1.5% (policy form LP216):
Bonus SPDA 1% (policy form LP215):


A Single Premium Deferred Annuity (SPDA) offers several advantages that can help meet your savings goals. The above annuities earn 2%, 1.5% and 1% bonus interest respectively during the first year. Current interest rate is guaranteed for one year.


Additional features include:

• First year interest bonus guaranteed
• Minimum premium: $10,000
• 10% penalty free withdrawal per year after the first policy year
• Issue ages: 0-90 nonqualified, 0-80 qualified
• Nursing Home Rider and Terminal Illness Rider, in states where approved

 

SPDA 3, 4 & 5 (policy form ELP004):


 

Current interest rates are guaranteed for three, four and five years respectively.


 

Additional features include:


• Minimum premium: $5,000
• 10% penalty free withdrawal per year after the first policy year
• Issue ages: All ages nonqualified, 0-80 qualified
• Nursing Home Rider and Terminal Illness Rider, in states where approved

Accumulator FPDA (policy form ICC10ELP005 or ELP005) (LP9134 for CA only):


A Flexible Premium Deferred Annuity is a good plan for IRAs, Roth IRAs and periodic funding of nonqualified retirement savings. Current interest rate is guaranteed for one year.


Additional features include:

• 1% first year interest bonus guaranteed
• Minimum premium: $50 monthly, $600 annually
• 10% penalty free withdrawal per year after the first policy year
• Issue ages: 0-90 nonqualified, 0-80 qualified
• Nursing Home/Nursing Care Benefit, in states where approved

SPIA (policy form ICC10ELP006 or ELP006):


A Single Premium Immediate Annuity is designed to provide you a guaranteed steady income immediately after purchase. It guarantees income payments for life or for a specified period.


 

Additional features include:

• $100 payout per period – 5 year minimum
• Issue ages: All ages
• Various settlement options available
  

Term Life Insurance

Term Life Insurance provides protection for a specified period of time. If you die within the term period, a death benefit is paid to your named beneficiary. Protection ends if you are still living at the end of the term period, unless you renew the policy. Term Life is a good option for covering needs that may diminish in time.

 

Term Select (policy form ELP240):




Protect yourself and your loved ones.

 

Term Select is low cost term insurance and the ideal life insurance product for mortgage protection, short-term debt and business/ farm insurance.

Term Select features the following:


• 5, 10, 15, 20, 25 or 30 year term plans
• Guaranteed level premiums
• Minimum death benefit: $50,000
• Convertible term policy
• Additional Insured Term Rider, Term Insurance Rider for Children, Disability Waiver of Premium Benefit Rider, Accidental Death Benefit Rider, Accelerated Death Benefit Rider, Seat Belt Benefit Rider and Unemployment Waiver of Premium Rider

Instant Issue Term (iit) (policy form ELP240):


Because your time is precious.


With Instant Issue Term, in just minutes, you can apply for and walk out of your agent's office with your policy in hand, leaving plenty of time for you to do the other things you love. iit is a quick coverage option for new auto owners or homeowners and people looking for one-stop shopping. iit is great for people in excellent health.

 

Instant Issue Term features the following:


• Available exclusively online; no paper applications
• Accept/reject underwriting based on simplified online application process
• Convenient, fast and easy; issued instantly
• Credit card payment accepted**
• 10, 15, 20 or 30 year term plans in amounts from $25,000 - $250,000
• Guaranteed premiums and death benefit amount
• Accelerated Benefit Rider and Seat Belt Benefit Rider included, in states where approved, at no additional cost

Youth Plus Term (policy form LP810 or LP816):

 

This may be the most important gift you will ever give.


Youth Plus Term is a parent's, grandparent's or other loving relative's gift that provides future security for the children they love. Youth Plus Term, a small face term life insurance policy, provides two-stage lifetime insurance protection.

 

Youth Plus Term features the following:

• Death benefit options of $5,000, $7,500, $10,000 or $20,000
• One single premium or two year payment plan available
• Convertible at age 25 to a permanent plan being offered by EMCNL, up to $25,000 without evidence of insurability
• Guaranteed Insurability Option Rider can be purchased if converted to a Universal Life policy, without evidence of insurability; $150,000 total coverage available by purchasing $25,000 at ages 28, 31, 34, 37 and 40
• Available online through your agent
• Convenient, fast and easy; issued instantly if qualified
• Credit card payment accepted**

** Credit card payment is not accepted in MD, NC and PA. Annual payment mode is not available in ME. For Youth Plus Term, non-monthly modes are accepted only.     Credit card payment is not accepted for monthly check plan.

 

Universal Life Insurance

Your life changes, so do your life insurance needs.

Universal Life (UL) Insurance offers the flexibility to change your policy as your life changes. Marriage, children, job status and time can impact your life insurance needs. When premium requirements are met, a UL policy provides permanent life insurance protection with cash value accumulation.

ULTRA CHOICE UL (policy form ELP003):


ULTRA CHOICE UL is permanent life insurance with an adjustable death benefit and flexible premium payments. Tax-deferred interest adds to cash value.


 

ULTRA CHOICE UL features the following:


• Low face amounts from $10,000 or the amount $300 minimum premium will purchase
• Withdrawals and loans available – borrow from the cash value at a low interest rate
• Additional Insured Term Rider, Waiver of Premium Benefit Rider, Accelerated Death Benefit Rider, Accidental Death Benefit Rider, Term Insurance Rider for Children, Seat Belt Benefit Rider, Guaranteed Insurability Option Rider

 

Whole Life Insurance

Secure the financial future of your family.

Whole Life Insurance offers permanent life insurance protection with a guaranteed death benefit and guaranteed premium payments. Premiums pay the cost of insurance protection and create cash value on a tax-deferred basis. Loans are available.

IWL INNOVATOR® Increasing Whole Life Insurance (policy form LP300 (10-05)):


IWL INNOVATOR® is a great permanent life insurance product for family protection, final expense planning and wealth transfer. Three plan options are available: Plan 1 – Single Premium Simplified Issue, Plan 2 – Level Premium Simplified Issue and Plan 3 – Level Premium Fully Underwritten. IWL INNOVATOR® Young American Increasing Whole Life Insurance provides coverage for ages 0-14 in face amounts from $2,000 - $35,000.


IWL INNOVATOR® features the following:


• Guaranteed level premiums, cash value and death benefit
• Increasing death benefit
  
  

  EMC National Life Company intends to declare a death benefit increase annually on the policy anniversary date according to the following rates:
  Years 1-10: 3%***
  Years 11-40: 2%***
  Years 41+: 0%
  
  

• Several payment options: single premium, 5-pay, 10-pay, 20-pay, continuous pay

*** Death benefit increase rates are not guaranteed until declared. However, once declared by the Company, the increased death benefit is guaranteed.

Disability Income Rider (policy form ELR009 (8-10)):




You insure assets such as your home and car, but your most important asset is your ability to earn an income.




The Disability Income Rider can be added to your new individual term, universal or whole life insurance policy, to help protect you and your loved ones from loss of income due to disability or death.


Disability Income Rider features the following:


• Maximum benefit amount of 1% of total face amount up to $5,000 per month.
• Insured is totally disabled if unable, due to sickness or injury, to perform all of the material and substantial duties of his or her regular occupation.
• Benefits are not coordinated with Social Security or Workers' Compensation.
• Elimination period options of 30, 60 or 90 days before benefits are paid.
• Benefit period up to two years.
• Terminal Illness benefit.

 

Critical Illness Rider (rider form ELR010 (8-10)):




With improved medical technology, your chance of surviving a critical illness is very high; however, your finances could be in jeopardy.




The Critical Illness Rider can be added to your new individual term, universal or whole life insurance policy, to help you protect your loved ones from life's whens and ifs; loss of life and the financial burden that can come with surviving a critical illness.


Critical Illness Rider features the following:


• The Critical Illness Rider is a 5, 10, 15, 20, 25 or 30-year term life insurance rider with an accelerated benefit.
• Benefit amounts from $10,000 - $100,000.
• Issue ages 18-60
• Provides coverage for the selected term period of 5, 10, 15, 20, 25 or 30 years or to age 70, whichever is less.
• Nontobacco and tobacco rates.
• Upon diagnosis of a covered critical illness, the Critical Illness Rider provides a lump sum cash payment up to 100% of the face amount of the rider.

 

Covered Conditions
Advanced Stage Cancer
Heart Attack
Stroke
Kidney Failure (End Stage Renal Disease)
Major Organ Failure
Early Stage Cancer (25% benefit)
Coronary Artery Bypass Surgery (25% benefit)

 

• Any accelerated benefit will be deducted from the life insurance amount of the rider, not from the base life insurance policy.
• Upon death of the insured - if no accelerated benefits are paid and the policy and rider are still in force - a death benefit for the Critical Illness Rider will be paid, in addition to the death benefit of the base life insurance policy.

 

 

* Not all products and riders are approved in all states. Complete product and rider details are contained in the respective policy forms for each product and may vary by state.