Whole Life Insurance provides the most comprehensive coverage of various life insurance products. It never expires or ends and you can't outlive it. No matter how and no matter when you die, your beneficiaries receive a benefit.
You have the right to receive a detailed notice regarding our insurance information practices which will include a summary of your rights to access and correct all information which we may have collected. Requests should be made in writing to the Chief Underwriter of CMFG Life Insurance Company, Administrative Office, P.O. Box 61, Waverly, IA 50677-0061. Through the collection and use of this information we seek to offer you coverage at the lowest possible cost. THIS NOTICE IS TO BE READ BY THE APPLICANT FOR INSURANCE. CU-SINOTICE-2004
For residents of CA, CT, FL and VT: You may name a person as Secondary Addressee in the spaces provided on the application. A Secondary Address is not a beneficiary. If you choose to complete the Secondary Information on the application, that person would also receive notice of lapsed coverage in the event your premiums are not paid. You are not required to complete this section of the application. Completing the Secondary Addressee information is optional. If you choose to designate a Secondary Addressee in the future, or change the person you designated, you may do so at any time by writing CMFG Life Insurance Company.
For all residents except, AZ, D.C., FL: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit, or knowingly presents false information in an application for insurance may be guilty of a crime and subject to fines and confinement in prison, and denial of insurance benefits, depending on state law. You may designate a third party to receive notice of your policy cancellation due to nonpayment. To do this, send a written request to the PO Box printed on the application and include the third party's name and address.
For residents of Arizona: Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison.
For residents of Washington, D.C.: WARNING: It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits, if false information materially related to a claim was provided by the applicant.
For residents of Florida: Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an application containing any false, incomplete or misleading information is guilty of a felony of the third degree.
CMFG Life Insurance Company • P.O. Box 61 • Waverly IA 50677-0061 • Phone:1-855-200-7101
REPLACING YOUR LIFE INSURANCE POLICY? Are you thinking about buying a new policy and discontinuing or changing an existing policy? If you are, your decision could be a good one - or a mistake. You will not know for sure unless you make a careful comparison of your existing policy and the proposed policy. Make sure you understand the facts. Below you will find a check list of some of the items you should consider in making your decision. TAKE TIME TO READ IT.
Do not let one agent or insurer prevent you from obtaining information from another agent or insurer which may be to your advantage.
Hear both sides before you decide. This way you can be sure you are making a decision that is in your best interest.
We are required to notify your existing company that you may be replacing their policy.
Cash values and dividends, if any, may grow slower under a new policy initially because of the initial costs of issuing a policy.
Your present insurance company may be able to make a change on terms which may be more favorable than if you replace existing insurance with new insurance.
If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.
Current interest rates are not guaranteed. Guaranteed interest rates are usually considerably lower than current rates. What rates are guaranteed?
Are premiums guaranteed or subject to change - up or down?
Participating policies pay dividends that may materially reduce the cost of insurance over the life of the contract. Dividends, however, are not guaranteed.
CAUTION, you are urged not to take action to terminate, assign, or alter your existing life insurance coverage until after you have been issued the new policy, examined it and have found it to be acceptable to you.
And, REMEMBER, you have thirty (30) days following receipt of any life insurance policy to examine its contents. If you are not satisfied with it for any reason, you have the right to return it to the insurer at its home or branch office or to the agent through whom it was purchased, for a full refund of premium.
Base Form Number ICC12-A10a-029-LB; ICC12-A10a- 029-NB; A10a-029-LB2012; A10a-029-NB20.