The Estate Saver
Protect Your Estate
Single Premium Pure Endowment Life Insurance Policy
Irrevocable with No Cash Value
The Estate Saver
Uniquely Designed for Asset Protection
Th e Est ate Sa ve r is a Si ng le Pr e mi um Pu re End o wme nt L ife I nsu ra nce
co ntr act. Th e p ri mar y p urp ose of th is po lic y is to p rot ect yo u r assets
fo r yo ur be nef it wh il e yo u ma y b e i nca pac itat ed. Upo n matu rit y, all of
yo u r assets ar e r etu rn ed t o you. In t he cas e of d eath, you r ch osen
b en efic ia ri es wil l rece i ve t he de ath b enef it. I n eit her case, you can be
ce rta in th at your wis hes a re fo llo we d r eg ar di ng a n y fun ds in The Estate
S a ver. I n a rec ent cas e i n Mic hi ga n, an ap pe ll ate j ud ge h el d t hat
E L CO 's Si ng le P re miu m Pu re E nd o wment po licy wa s, i n fact, li fe i nsu r-
a nce as sup port ed b y state stat ur e MCL 50 0.6 02. Furth er, he c le ar l y
stat ed E L CO 's e nd o wment po lic y "has no cash al ue, is an asset wi th
ze ro c ash va lu e, a nd is not a d i vest ment." We t hi nk th is esta bl ishes
p rec ed ent.
How Does The Estate Saver Work?
Th e Est ate Sa ve r is a Pu re En do wme nt Lif e Ins ur anc e P ol icy. It is
si mil ar to a Term L ife Ins ur ance Po lic y, in t hat Th e Estat e Sa ve r h as no
cas h val ue. It is als o ir re vo ca bl e. At mat ur it y, th e ful l End o wme nt will
b e p ai d to th e ins ur ed. Th e amo unt of t he mat ur ed en do wme nt wi ll not
ch an ge fr om the a mou nt sh o wn i n t he p ol ic y il lust rat io n an d in th e po l-
ic y. If d eat h occu rs b efo re t he matu rit y dat e, a p ost - mo rte m di vi dend
wi l l b e pa id t o th e be nef ici ar ies. Th e o ld er th e po lic y, th e gr eat er the
p ost - mort em d ivi d e nd wi ll be. Ho we ver, i n no c ase wil l t he post mor -
te m di vi d en d b e less th an 90 % of the in it ial pre miu m. Th e b en efic ia r y
wi l l a l wa ys ha ve th e opt io n at d eat h of t he i nsu re d pr io r to mat ur it y, to
r ece i ve 1 00% of t he i nit ia l p remi u m, p ai d out o ve r onl y fi ve ye a rs i n
e qu al pa yme nts. Th e p ol ic y h as n o cas h va lu e. Th at me ans th at at no
t ime pr ior to mat ur it y or de ath, is an y pa rt of t he p re mi u m or e nd o w-
me nt a va i la bl e fo r wit hd ra wa l. Th e e nd o wment ben efit is o nl y a va i la bl e
at matu rit y de pen di ng on t he po lic y pe ri od c hose n, 3, 5 o r 1 0 ye ars.
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Age
Th e ma xi mu m issu e a ge f or t he p ol ic y is 10 0. Issu e a ge is b ase d o n a ge
n ea rest bi rth da y.
Safety
A l ife insu ra nce p ol ic y is co nside r ed on e of the s afest ve h ic les i n whic h
to accu mu lat e fu nds f or f utur e us e o r to p la n fo r a n i nd i vi du al’s de mise .
Ins ura nc e co mpa ni es a re r eq ui re d to ma int ai n res er ve s at l east e qu al to
cu rr ent be nef it va l u es to meet th ei r p ol ic yh ol de r o bl ig ati ons . Fu nds are
p rot ecte d b y str ict state reg ula t or y r ul es. Th e co m p an y ma in t ai ns a
B est’s K e y Rat in g of B + (Ve r y G oo d) i n or de r to fu r th er ass ur e its po lic y -
h ol de rs of th e secu rit y of the ir po li c ies. E mpl o ye es Lif e Co mp an y
( Mutu al ) h as bee n i n b usi ness fo r o ve r s i xt y yea rs.
Avoiding Probate
In ad dit io n to p ro vi d in g a n effect i ve t oo l to p rot ect a nd p rese r ve yo ur
est ate, yo u r p ol ic y ma y p ro vi d e an effec t i ve est ate -p la nn in g ve hic le to
sp ee d the r e ma in in g fu nds to yo ur ben efici ar ies wit ho ut th e d el a ys
ass oci ate d wit h pr ob ate. In a dd iti on, th e pr oce eds a re no r mal l y pass ed
ta x- fr ee.
Free Look Period
Th er e is a ma nd ato r y fr ee l ook pe ri od as p ro vi d ed b y yo u r st ate
r eg ul ati ons. Ple ase c ons ult yo u r A ge nt fo r the f re e l ook pe rio d i n yo ur
stat e.
S in g le Pr em ium P ur e En d o wm en t Lif e I ns ur anc e P o lic y Fo rm PE- 04
P l e a s e b e c e r t a i n t o o b t a i n n e c e s sa r y l e g a l o r p r o f e s s i o n a l a d vi c e .
BR 7 01 A Ed . 0 2/ 20 0 7
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Pl eas e c on ta c t you r ag e nt or th e Com pan y a n d s e ek
pro fes s i o nal adv i c e wi th a n y qu es ti o ns yo u m a y h av e ab ou t
Medi c ai d q ual i fi c ati on , L on g Te rm Ca re pl anni n g or th e pol i c y.
Home Office
916 Sherw ood Drive
Lake Bluff, Illinois 60044
800-321-ELCO (3526) Fax 847-295-1145
www.elcoins.com
Email: rpl@elcoins.com
Agent
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