Four other products available:
- Whole Life (Policy Form No. 502 LIF88)
- Life Paid-Up at 65 (Policy Form No. 502 LIF88)
- Twenty Payment Life (Policy Form No. 502 LIF88)
Each policy offers similar benefits and riders as the Par Life policy, level lifetime death benefits, flexible exchange provisions, attractive settlement options, but with varying premium payment periods.
- Single Premium Whole Life (Policy Form No. 52C SP392)
Provides guaranteed death benefit protection; The cash value increase each year, coupled with dividend credits, creates a tax-deferred compounded growth effect; Policy falls under rules for the "Modified Endowment Contract (MEC)": distributions prior to age 59 1/2 are subject to a 10% tax penalty, and all distributions are considered taxable income (based on "LIFO" rules); Taxable distributions include (1) partial surrenders, (2) policy loans, and (3) dividends left to accumulate or paid in cash.