Life Insurance

Permanent Life Insurance

Permanent Whole Life Insurance is the most common type of insurance; it provides you with the certainties of a guaranteed death benefit, cash value and premiums. Have peace of mind with a Permanent plan.

Our PFA Permanent Whole Life Insurance plan gives you the flexibility of five payment options. Issue ages from 0-80. A Term Rider is also available for you to customize your coverage with the combination of lifetime and shorter-term protection needs.

Payment Options for Lifetime (or Permanent) Coverage:

  • Lifetime Pay
  • 20-Year Pay
  • 10-Year Pay
  • 5-Year Pay
  • Single Premium

Final Expense
Insurance

Final Expense Insurance is a type of Permanent Insurance intended to cover funeral costs and end-of-life expenses. This insurance is also known as “burial insurance.” This is a simplified-issue product, where you don’t need to be in perfect health to qualify. The death benefit is guaranteed as long as premiums are paid, and cash value accumulates. PFA’s Final Expense Insurance is available to those ages 50-80 and up to $25,000. A single premium option is also available.

Term Life Insurance

Term Life Insurance is coverage for a certain period of time, spanning from 10 to 30 years. Term Insurance is more affordable than Permanent Insurance. This type of insurance is usually issued for specific reasons, such as paying off debt from a mortgage. Term Life Insurance does not accumulate a cash value.

When the term of your policy expires, you can convert your policy to a Permanent type of coverage or extend the time annually by simply continuing the Term premium payments (that will be recalculated for you annually). Both options are available with no evidence of insurability – meaning if your health were to decline, you still have these choices. Certain limitations apply.

Term Life Insurance vs. Permanent Life Insurance

Insurance for
Children

Newborn Benefits

A no-cost death benefit of $5,000 will be issued to children up until the age of one year, provided PFA National Headquarters is notified within 60 days of the birth of the child. At least one parent must be a PFA Insured Benefit Member at the time of the child’s birth.

Juvenile Term Insurance

Juvenile Term Insurance is a low-cost Life Insurance plan issued for children from ages 0 through 17 that provides protection to age 25. There are no cash values with this plan, but this plan is convertible up to three times the face amount to a permanent plan with no evidence of insurability (up to the age of 25).

Plan Options:

  • Single Premium of $150 = Face Amount of $10,000
  • Single Premium of $300 = Face Amount of $20,000

Our permanent plans as described above are also available for children.

What is Best for
You and Your Family?

The amount of life insurance to buy depends on who you want to protect financially and for how long. For a general idea, consider the following:

  • Add up the immediate, ongoing and future expenses your family or loved ones would incur if you were to pass away. That could mean everything from funeral costs to rent or mortgage to college tuition.
  • Add up the financial resources your loved ones already have. That could mean a spouse’s income and life insurance that’s already in place.
  • Subtract your financial resources from the anticipated expenses. The difference between the two numbers is the approximate life insurance to buy.

Use the Life Insurance Needs Calculator to easily estimate the amount of life insurance coverage you need to take care of your family.

Contact Us

Need More Life Insurance Information?

For more information regarding PFA Life Insurance, please contact John Denning at 800-535-2071 or by email at jdenning@polishfalcons.org.