Path Protector Plus® Term Life with the Retirement Path™ Solution
Being in business for more than 110 years, Illinois Mutual understands that financial goals are behind many life insurance purchases. When you select the Retirement Path™ solution, premiums are guaranteed level for your selected initial term period, and you can choose between To Age 65, To Age 70, or Return of Premium (ROP) To Age 65 term periods. The policy may be renewed after the initial term period at annually increasing rates until age 95.
The Retirement Path™ Solution in Action
Dave, 51, is the owner of a successful contracting company and is the breadwinner of the family, which includes his wife, Sarah, 50, and their two adult children. Dave plans to retire at age 70 and wants to make sure Sarah has sufficient funds should he die prior to retirement.
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Solution:
Using the Retirement Path solution, Dave can acquire a To Age 70 term life policy with a $500,000 death benefit for a monthly premium of $114.331. This helps protect his spouse financially during his remaining working years if he were to die prior to retirement at age 70.
