Monumental Life Insurance Company

Monumental Life Insurance Company started in Baltimore, Maryland and it is devised to lower and middle income clients and communities. The company has been serving 20 states all over America and through their nationwide locations, they are able to reach out with their policyholders and clients in their homes, neighbourhoods, community and businesses. It gives flexible, affordable and convenient plans since 1858. Monumental Life Insurance Company is certainly a good company that should be branded as a leader in their market. This company is a member of AEGON Insurance Group, an international group that has a number of pensions, insurance and financial services organizations. In addition, Monumental Life Insurance Company currently ranks as one of the biggest insurance services groups throughout the world.

What Monumental Life Insurance Company Offer?

Monumental Life Insurance is pleased to offer valuable benefits for associations that address certain issues for members. They offer annuities, interest sensitive whole life, cancer check, expense, accident insurance, life insurance, disability and disease insurance, final expense coverage, and other products. In addition, the company also offers long-term care, Medicare solutions, burial insurance, fire content policy and a $9.50 prescription card. They definitely excel in meeting all of their customers’ needs. However, unlike common group insurance, this program offers an individual policy for each insured person.

The kinds of life insurance that Monumental Life Insurance Company offers are Term Life, Whole Life and Universal Life.

• • Term Life offers life insurance coverage for pre-set period of time. It can be as short as 1 year, or as long as 10, 20 to 30 years. The plan can also cover you until you’ve reached a certain age such as 65. This kind of plan can be the most cost-effective way to secure your family’s finances.
• • Whole Life offers a sure benefit because the premiums will never change and there is additional financial security of a build up cash value that rises over the life of the policy. In addition, this plan can’t be terminated if you develop a health problem, its policy will generate a tax-deferred cash value account over time and as long as you have your premiums, your plan remains in effect for life.
• • Universal life gives you the ability to elevate or lower the value of the policy, depending on the amount of the premium you want to pay. It will allow you adjust the benefits if your needs change, its policy value can be used as collateral for a non-taxable loan and it offers flexibility to pay either a low-cost or high-cost premium depending on your circumstance.