Do You Need Pekin Life Insurance? Considerations and Uses

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.

Advantages of Pekin Life Insurance

High Coverage Amounts

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. lets consumers customize their insurance with $5 million or more coverage.

Multiple Optional Riders

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.

Simplified Issue Alternatives

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 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.

Disadvantages of Pekin Life Insurance

Necessary Agent's Involvement

Pekin doesn't allow online life applications, but other firms do. Agency applications are the only method to acquire coverage.

Online Quotes unavailable

Pekin Insurance doesn't offer online quotes or prices on its website. You need an agent to get premium quotes.

Unavailable in a Few States

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:

  • Alabama
  • Arizona
  • Arkansas
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Wisconsin

Available Plans

The individual terms, entire, universal, and funeral plans are available on 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

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:

  • Transitional life provides term life coverage for a set duration. The plan becomes a lower-face-amount whole life insurance.
  • For accidental death, a $10,000 entire life death benefit is available. This option offers level premiums for 10, 15, 20, or 30 years or until 65.

Funeral Pre-planning

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.

Whole Life Insurance

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:

  • Graded Whole Life: No medical exam required. Answers to three health questions determine eligibility. The maximum death benefit is $24,000, lowered if the policyholder dies within two years of issue.
  • Preferred Whole Life: Healthy folks get the best prices with this coverage. Premiums are assured and don't grow with age; coverage is unlimited.
  • Simplified Issue Whole Life: Anyone 85 or younger can get simplified issue whole life coverage by answering three questions. The maximum issue is $50,000.
  • Single Premium Whole Life: This plan provides lifetime life insurance for one lump sum payment.

Universal Life Insurance

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.

Available Riders

Many carriers provide extra insurance riders to personalize life insurance coverage. Pekin Insurance offers several riders:

Benefits of Rapid Death

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.

Incidental Death Benefit

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.

Identity Fraud Prevention Services

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.

Long-term Care

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.

Premier Waiver

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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