Ultima Life
Recommended for: people who want guaranteed funds and assistance in arranging and administering the details of their or their loved ones' memorial service
Benefits:1. Memorial service benefit
- receive a guaranteed fund for use in funeral services
2. Increasing benefit
- starting on the second year, there is 10% lifetime yearly increase
3. Professional administration of memorial services
- a Family Assistance Officer will arrange and pay for services acquired from an accredited servicing mortuary
4. Family assistance fund
- upon the planholder's death on or after his 75th birthday, the beneficiary will receive an additional amount equal to the initial memorial service benefit
5. Living benefit
- if the planholder is alive on the 15th plan anniversary, he is entitled to an amount equal to the pre-need price, making the plan cost-free
6. Assignability
- if the plan is already fully paid, it can be assigned to another person
7. Insurance benefits
- term insurance, credit life insurance, total disability benefit, accidental death and dismemberment benefit
8. Short paying period
- the paying period is only 5 years, payable on a monthly, quarterly, semi-annual, or annual basis
Factors to consider:1. Age of planholder
2. Initial memorial service benefit
