| |
The Balanced Program® for Ages Zero through 50
The Balanced Program Plan for ages Zero through 50 is a modified whole life insurance policy where, after the first policy year, the policyholder
makes periodic investments in a mutual fund. This plan is available to individuals who apply from age Zero through age 50. Unless you make special arrangements, only the amount
with which you establish your mutual fund account will be invested for the first year. After the first year,
Ozark National Life will forward an amount equal to approximately one-half of the basic premium to be
invested in your mutual fund account. Premiums are payable for the life of the insured or until coverage is discontinued.
Features of The Balanced Program Plan for ages Zero through 50 include:
- Modified Whole Life Insurance with a decreasing death benefit. Lump sum payment to beneficiary and investment plan
completion upon death.
- Disability Option: Ozark National Life will pay the fund investment and insurance premium
in the event of a disability before age 60.
- Guaranteed Cash Value.
- Mutual Fund Investment: Investment contributions starting year two and thereafter.
- The Mutual Fund Accounts can be set up as a non-tax qualified account, a Roth IRA account, or an IRA account.
|
|
| |
The Balanced Program® Plan for Ages 45 through 75
The Balanced Program Plan for ages 45 through 75 is a modified whole life insurance policy where, after the first policy year, the policyholder
makes periodic investments in a mutual fund. This plan is available to individuals who apply from age 45 through age 75.
Unless you make special arrangements, only the amount
with which you establish your mutual fund account will be invested for the first year. After the first year,
Ozark National Life will forward an amount equal to approximately one-half of the basic premium to be
invested in your mutual fund account. Premiums are payable for the life of the insured or until coverage is discontinued.
Features of The Balanced Program Plan for Ages 45 through 75 include:
- Whole Life Insurance with a level death benefit. Lump sum payment to beneficiary upon death.
- Disability Coverage: Ozark National Life will pay the fund investment and insurance premium
in the event of a disability before age 60. (However, to qualify, the insured must apply for disability coverage before age 56).
- Guaranteed Cash Value.
- Mutual Fund Investment: Investment contributions made for life.
- The Mutual Fund Accounts can be set up as a non-tax qualified account, a Roth IRA account, or an IRA account.
- The Balanced Program Plan for ages 45 through 75 does not provide for completion of mutual fund investments in the event of disability after age 60 or death.
Keep in mind that investing involves risk. Past performance does not guarantee future results. The value of your investment will fluctuate over time, and you may gain or lose money. Investment return and principal value will vary and mutual fund shares may be worth more or less at redemption than the original purchase price. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank or other depository institution. Shares are not federally insured by the FDIC, the Federal Reserve Board or any other government agency.
|
|