Texas Life Whole Life Plan Details

This Voluntary Permanent Life Program will allow you to purchase permanent life insurance for you and your eligible dependents.
VPL- plus is an individual permanent life insurance product specifi cally designed for employees and their families. It provides a guaranteed level premium and
death benefit for the life of the policy, and you can keep the life insurance even after you retire.
As an employee, you are eligible to apply if you have satisfi ed your employer’s eligibility period. You may also apply for coverage on your spouse, children and
grandchildren.

WHY VOLUNTARY COVERAGE
• Most employees are dependent on group term
• Only 50% of U.S. Households have individually owned life insurance
• 72% of life insurance policies are paid to benefi ciaries of individually owned life plans1
• Most term policies expire before paying a death claim
• When do you want a life insurance policy in force?
— Answer: When you die
• Term is for IF you die; permanent is for WHEN you die
• Everybody dies

THE NEW PRODUCT: TEXAS LIFE’S VPL-plus
• Portable, permanent life insurance through the convenience of payroll Deduction
• Whole life chassis
• Strong guarantees
• Popular features
• Coverage available for spouse, children and grandchildren

VPL-plus: PORTABLE AND PERMANENT
• Employee can keep policy, at same premium, if he/she retires or changes jobs
• Employee may apply for spouse, children and grandchildren at the worksite
• Permanent coverage: policy guaranteed to remain in force as long as necessary premiums are paid

VPL-plus: THE GUARANTEES EMPLOYEES WANT
• Guaranteed level premium
• Guaranteed level death benefit
• Guaranteed reduced paid-up insurance at retirement
• Guaranteed paid-up for face amount at age 70 (or after 20 years for insureds between ages 51 and 70)

VPL-plus: CGI (EXPRESS ISSUE) UNDERWRITING
Employee, spouse coverage require 3 health and employment related questions:
• During the last six months, has the proposed insured been actively at work on a full-time basis, performing usual duties?
• During the last six months, has the proposed insured been absent from work due to illness or medical treatment for a period of more than five consecutive working days?
• During the last six months, has the proposed insured been disabled or received tests, treatment or care of any kind in a hospital or nursing home or received chemotherapy, hormonal therapy for cancer, radiation therapy, dialysis treatment or treatment for alcohol or drug abuse?

Child coverage (ages 6 months -18 years old):
• During the last six months, has the proposed insured been disabled or received tests, treatment or care of any kind in a hospital or nursing home
or received chemotherapy, hormonal therapy for cancer, radiation therapy, dialysis treatment or treatment for alcohol or drug abuse?

Express Issue Maximums
• employee
— ages 17-49, $100,000
— ages 50-65, $50,000
— ages 66-70, $10,000

• spouse (if employee applies)
— ages 17-49, $50,000
— ages 50-65, $25,000
— ages 66-70, $10,000

• spouse (if employee does not apply)
— ages 17-24 $25,000
— ages 25-29 $20,000
— ages 30-39 $15,000
— ages 40-44 $10,000
— ages 45-49 $7,500
— ages 50-70 $5,000

• children - ages 6 months -18 $25,000

• grandchildren - ages 6 months -16  $25,000

Simplified Issue
• Use if proposed insured wants amounts over Express Issue maximums
• Coverage is dependent on answers to health-related and other questions contained in the application
• Answer all underwriting questions
• Blood required for amounts in excess of $100,000
• Rates are unisex
• Rates are unismoke

Accelerated Death Rider
• Included on all policies (Employee, Spouse, Children, Grandchildren)
• Pays 92% of death benefi t, less $150 processing fee, upon physiciancertified diagnosis of condition expected to result in death within 12 months
(conditions and limitations apply)
• Percentage lower in New York and Massachusetts
• No extra charge for rider
• Policy terminates when rider is exercised

Waiver of Premium
• Available for issue ages 17-55
• Benefit payable to insured through age 60
• Cost is included in premium

VPL-plus: Review
• Permanent and portable
• Non-participating Whole Life chassis (no dividends)
• Guaranteed level death benefi t
• Guaranteed level premium
• Guaranteed reduced paid-up insurance at retirement
• Premiums cease at age 70 (or after 20 years, ages 51-70)
• Accelerated Death Benefi t Rider included on all policies
• Waiver of Premium available issue ages 17-55
• Express Issue underwriting
• Unisex rates
• Unismoke rates
• Blood required for amounts over $100,000
• Simplifi ed issue for health reasons or for amounts over Express Issue maximums

If you have any questions regarding your Texas Life policy, please call (800) 283-9233 prompt #3.
Since 1901     900 Washington      Post Office Box 830        Waco, Texas 76703-0830

This product cannot be enrolled via the Internet. You must see a Mark III representative to enroll or make changes to the Texas Life Whole Plan

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