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Life Policies




Here Are Some of The Most Frequently Asked Questions

 


Try These Links For Special Info

Social Security Administration

National Funeral Directors Association

American Association of Retired Persons



Q. Do I pay more as I grow older?
A. No. The rates remain the same for your entire lifetime.

Q. Do I get less insurance as I grow older?
A. No. The amount of your insurance is never reduced because of health or age.

Q. If my health fails, can the Company cancel my policy?
A. Absolutely not. Neither can it reduce your insurance nor charge you more.

Q. How long does this policy insure me?
A. For the rest of your life - as long as you pay your premiums and the policy remains in force.

Q. How much money will the government pay my surviving spouse when I die?
A. Social Security guarantees to pay $255 to your spouse.

Q. Is the cash benefit paid by this policy tax free?
A. Yes. Under current federal law, all death benefits are paid income tax free to whomever you name as your beneficiary.

 

Q. I'm a widower. Who would get the money paid by my insurance?
A. Anyone you choose. It could go to a brother, sister ... perhaps one of your children. You might want it to go to the person who pays your final expenses. Or you might have a favorite grandchild ... nephew or niece. It can also be a gift to a favorite charity.

Q. Exactly when does the insurance start?
A. Your insurance begins on the very day your application and payment are received and accepted.

Q. I already have a good life insurance policy. Do I really need this additional insurance?
A. There's a good chance you do. Remember that inflation has weakened many insurance policies. Every year since you bought your present policy, the money it provides has bought less and less.

Q. I have an excellent life insurance policy where I work. How would I gain by having the Cass Life policy?
A. For one thing, you may not be able to take your work insurance with you if you leave your job. And it may not be available to you in retirement when you're especially concerned about having enough money for final expenses.

 

©2002 Cass Life Insurance



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