Common Types of Coverage
We can help you plan for your family’s future financial security. A Germania Life insurance policy offers a wide range of insurance products that can be tailored specifically to you and your family’s needs.
- Whole Life Insurance Whole life insures you for your whole life and pays a cash benefit to your designated beneficiaries. Most of our whole life plans are available from birth to a maximum age of 85.
One advantage of whole life coverage is that it gains cash value that accumulates on an annual basis. This cash value is available to the policyholder for a loan on the policy or if the policy is surrendered. Policy loans are currently available at 10% interest.
- Term Life Insurance Protect your loved ones from financial burden. The stress of financial burdens can be eased with a term product.
Term Life policies provide greater coverage for a smaller premium and they insure you for a specific time. Term policies are great for debt or mortgage protection. 5-Year Renewable and Convertible Term.