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Plan Features
How it Works
Your premium buys you the "face amount" of insurance on your policy, payable upon death. Face amounts may vary from as low as $10,000 and as high as several million. Premiums may vary depending upon your state of health and such things as whether you are a smoker. Larger value policies typically require a physical in order to qualify.
Exclusions and limitations can include intentional suicide within a specified period of time.
Benefits
Benefits are usually paid out upon proof of death. Payment methods may vary and lump sum payments are fairly common.
There are some simple rules of thumb to determine how much life insurance you may need, however, every person's case is different. Suiter & Associates will evaluate your financial scenario and recommend the appropriate amount for you.
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