May 10, 2024 By Triston Martin
Pekin Insurance deals in whole, term, and universal life policies in 21 states. It offers life insurance with high coverage maximums to protect families. The company also provides optional riders, including unique benefits like long-term care and identity fraud protection to increase coverage.
Moreover, it may be a good choice for you if you live in one of Pekin Insurance's life insurance states and are willing to get a medical checkup. Perkin Life Insurance offers many coverage options and riders; you can choose a high-coverage policy to protect your cars using Pekin auto insurance.
Pekin Insurance offers much more coverage than other insurers. Its life insurance products cover far more than $1 million. This flexibility can be invaluable for those wanting significant financial security for their families. Pekininsurance.com lets consumers customize their insurance with $5 million or more coverage.
The Pekin complaint department lets consumers personalize their coverage to address specific concerns and goals. These optional riders provide protection and benefits to the policy. Accelerated death benefits can help terminally sick policyholders financially. Long-term care riders help pay for nursing home or in-home care. Children's term riders safeguard them financially if they die unexpectedly. Premium riders waive coverage premiums under specific conditions, such as incapacity, preventing financial strain during difficulty.
Pekin offers simplified issue options for its life insurance plans, which normally require medical exams and extensive health assessments. These simplified application processes serve those who value speed and ease while getting coverage. Simple issue policies on Pekininsurance.com help applicants get coverage quickly and easily with fewer medical requirements and faster approval dates. Pekin offers customers several coverage pathways based on their preferences and circumstances by accepting classic underwriting and streamlined issue options.
Pekin doesn't allow online life applications, but other firms do. Agency applications are the only method to acquire coverage.
Pekin Insurance doesn't offer online quotes or prices on its website. You need an agent to get premium quotes.
Pekin's life Insurance and Pekin auto insurance aren't accessible in all states. Pekin sells individual life insurance exclusively in the following states. No other state residents are covered than these:
The individual terms, entire, universal, and funeral plans are available on Pekininsurance.com. It has some simplified issue alternatives, but most plans are fully underwritten and involve medical exams and bloodwork. Agents offer all policies. Pekin provides the following life insurance plans:
Term life insurance covers a set duration. While most corporations have 10- to 30-year terms, Pekin has distinct standards. You can contact the Pekin complaint department if it does not meet those standards. Moreover, two options for term-life exist:
Pekin's pre-need insurance covers burial and other funeral expenditures. You prepay for everything after choosing your service and fee with a participating funeral home.
Although cheaper than whole life insurance, term life insurance is transitory. Some prefer whole life insurance because it's lifelong. You can contact the Pekin complaint department or use cash value from whole-life plans to pay for major expenses or enhance your retirement funds. Pekin offers four complete life plans:
One sort of permanent insurance is universal life insurance. It gives a death benefit and an investment to build cash value. Universal life insurance lets you change premiums and death benefits as needed, making it more flexible. The minimum face value of Pekin's universal life option is $25,000. It can be provided to applicants up to 85, and there are five rate groups based on age and health.
Many carriers provide extra insurance riders to personalize life insurance coverage. Pekin Insurance offers several riders:
If diagnosed with a terminal illness and given 24 months to live, the accelerated death benefit rider allows the policyholder to spend half of the death benefit, up to $250,000.
Any policyholder aged 1560 can add the accidental death benefit. Pekin will boost beneficiaries' death benefits if the policyholder dies in a covered accident before 70. An additional $150,000 reward is possible.
The Young People's Rider offers level-term coverage for children aged 15 days to 18 years until they are 25. Permanent coverage is available for up to five times the initial rider value.
Pekin Insurance offers free identity fraud prevention with every policy. An identity fraud specialist from CyberScout, an identity security provider, will contact you via this rider. The Pekin auto insurance program provides repair, resolution, and document replacement services.
With the long-term care rider, Pekin auto insurance policyholders can set aside a portion of their death benefit for long-term care. Nursing homes, assisted living facilities, and home health care may incur these fees.
A premium rider waiver is available to 15to 55-year-olds. If the policyholder becomes disabled after the coverage begins, Pekin will waive future premiums for this rider.
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