Universal/Whole Life Insurance
Universal Life Insurance is a type of cash value life insurance and under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.
Whole Life Insurance is a policy which is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums are paid, or to the maturity date.
Why Banterra Insurance?
It’s important to leave a legacy for your loved ones, and with Banterra Insurance, we work with the nation’s leading insurance brands to provide you with the financial security and personal service that you deserve.
COVERAGES AVAILABLE
Coverage Type | Coverage Details |
|---|---|
Term Life | Features your choice of term periods with guaranteed level premiums for 10, 15, 20, or 30 years and coverage expiring at age 95. |
Universal/Whole Life | A highly competitive, flexible and permanent protection guaranteed death benefit and strong cash accumulation. |
Disability | Provides coverage in case you are not able to work due to sickness or injury. |
Discount Considerations
Life insurance typically doesn’t offer discount options,
but here are things to consider.
- You can often get discounts with vehicle, home, and business insurance if you have life insurance with the same carrier.
- Life insurance rates are based on whether a customer is a smoker or nonsmoker, in good health, and weight is also a factor. A nonsmoker in good health may be eligible for Preferred or Super Preferring rating class with some carriers.
- There are always economies when you pay your insurance bill for the full year vs. monthly payments.
CDs & Money Markets Are Another Way
To Plan For Your Family’s Future
Banterra Bank offers competitive rates on CDs and Money Market accounts, making it a great way to save money for the unexpected. Visit a local Banterra branch or make an appointment online and a representative can assist you with a product that is best suited for your financial needs.