New York, NY, May 28, 2009 --(PR.com
)-- First Investors Corporation
- First Investors Life Rolls Out Updated term Life Insurance
On June 1, 2009, First Investors Life is unveiling an updated version of its Level Term Life Insurance product.
The updated First Investors Life Level Term product offers new features and benefits. A new underwriting category, Preferred Plus, has been added, which gives the most insurable candidates the opportunity to benefit from First Investors Life’s best term premium rates. Those purchasing a policy with a face amount over $250,000 will also benefit from even lower rates. Overall, the re-priced First Investors Life Level Term product offers generally lower premiums across nearly all age and underwriting categories. Finally, the 20-year term policy has extended its issue age to 60, meaning more people can enjoy the benefits of First Investors Life Level Term.
First Investors Life Level Term life insurance is insurance coverage that provides pure protection for a limited period of time. Term insurance generally offers a lower initial premium than other types of policies for the same level of coverage, allowing more coverage per premium dollar. Term policies can be converted to permanent life insurance. Unlike permanent insurance, term insurance does not offer cash value accumulation. First Investors Life Level Term product offers a guaranteed(i) death benefit and is guaranteed(i) convertible to a permanent plan of insurance up to age 65, as long as the policy is in force.
First Investors Life offers term life insurance in three term periods: 10, 20 and 30 years. A First Investors Financial Services Representative will work with each client to determine which policy is best suited to his or her needs.
First Investors Life has been serving the needs of its clients since 1962. A New York-domiciled life insurance company, First Investors Life is a member of the First Investors financial network. Life insurance policies are issued by First Investors Life Insurance Company, and distributed by First Investors Corporation. Each company is a wholly owned subsidiary of First Investors Consolidated Corporation.
Neither First Investors Life Insurance Company nor its affiliates provide legal, tax or estate planning services. Should you require such services, you should consult a legal, tax or estate planning professional.
First Investors Level Term life insurance is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
First Investors Life Level Term products are issued by:
First Investors Life Insurance Company
First Investors Corporation
110 Wall Street
New York, NY 10005-3830
(i)All guarantees are subject to the financial strength and claims-paying ability of First Investors Life Insurance Company.