LIFE INSURANCE
SLN offers Life Insurance to our members. If your needing a policy or just wanting a quote we can help. We also can look into your policy and if your not getting Cash Value taking advantage of the "Living Benefits" offered we can switch you to the best plan for you!
BENEFITS
COVERS FUNERAL COST
Life insurance policies will pay a lump sum when you die to a beneficiary of your choice. That money can be used to pay for your funeral or for any other general financial needs of your survivors. The payment will be made soon after you die, and it doesn't have to go through probate.
CASH VALUE
Cash value is a savings component typically included in permanent life insurance policies. Depending on your particular policy, the cash value can grow at a fixed or variable interest rate over time. You can borrow against your policy's cash value in the form of a life insurance loan. If you have universal life insurance, cash value may also be used to adjust your premium or death benefit amounts.
LIVING BENEFITS
Living benefit insurance works by allowing policyholders to access a portion of their death benefit while they're still alive. The circumstances under which the policyholder can access the death benefit varies by rider or plan terms, and are usually related to terminal illness and critical care needs.