The Slovak Catholic Sokol offers 3 Term Life Plans and 2 Term Riders with lower premiums to fill your insurance needs. (Term insurance does not accumulate any cash value):

Coverage expires after 5 years.

• The plan has a level premium for those 5 years.
• The coverage can be renewed without proof or declaration of insurability for another 5 years up to age 70
• This plan can be converted to a permanent life plan without proof or declaration of insurability as long as the converted face amount is not greater than the 5 Year Term certificate

 

Coverage expires at the anniversary date nearest to the insured's 25th Birthday. The plan can be purchased only in amounts of $10,000, $15,000, $20,000 and $25,000.

• Premiums are level
• At the expiration date, there is a guarantee to obtain new permanent life insurance without proof or declaration of insurability as long as the new certificate face amount is not three times greater than the original certificate
• A credit will be give for the conversion. Call the Home Office for details

 

This plan is appropriate when the need for protection decreases as when  insurance is obtained to pay an outstanding balance of a mortgage in case of death of the primary wage earner. The certificate is in affect until the end of 20 years.

• Premiums are level and are paid for a period of 16 years only
• The initial face amount is payable if death occurs during the first year
• The death benefit is reduced each year thereafter as does the outstanding balance of a mortgage loan
• The plan maybe converted at anytime during the premium payment period to a life certificate.
• The face amount of the new certificate may not exceed 80% of the 20 Year Decreasing Term death benefit on the date of conversion
• Click here for the death benefit conversion table

 

This term rider is available with any plan issued except for Single Premium Life plan. The premiums are at a slightly lower cost that the 20 Year Decreasing Term certificate. The plan is in effect for 20 years.

• Premiums are level and are paid for a period of 16 years only
• The initial face amount is payable if death occurs during the first year
• The death benefit is reduced each year thereafter and is the reduction schedule as the 20 Year Decreasing Term certificate.
• Click here for the death benefit conversion table
• The rider will terminate when and if the certificate terminates or is changed to a reduced paid-up or extended term insurance.

 

This term rider is available with any plan issued except for Single Premium Life plan. The premiums are at a slightly lower cost that the 20 Year Decreasing Term certificate. The plan is in effect for 20 years and is issued to a member's spouse.

• An insurance application will need to be completed and the spouse will need to meet the same requirements as for the member, but will be based on the spouse's age and amount of insurance
• Premiums are level and are paid for a period of 16 years only
• The initial face amount is payable if death occurs during the first year
• The death benefit is reduced each year thereafter and is the reduction schedule as the 20 Year Decreasing Term certificate.
• Click here for the death benefit conversion table
• The rider will terminate when and if the certificate terminates or is changed to a reduced paid-up or extended term insurance.

Slovak Catholic Sokol