Options at a Glance
PFSA is seeking career minded individuals for both Part-Time and Full-Time positions. Extensive training and support provided.
PFSA Plan Options
| Term Life | Whole Life | Universal Life (coming in 2017) | |
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Advantages
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Simple, affordable coverage for a period of time | Lifetime coverage with access to cash value | Flexible coverage Flexible premiums |
| What It's Used for | Appropriate for short-term coverage needs | Life insurance for life-long needs | Permanent protection and flexibility |
| Guaranteed Death Benefit | Yes Provided premiums are paid as required |
Yes Guaranteed for the life of the policy provided premiums are paid as required |
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| Cash Value | No | Yes Cash value growth is tax-deferred. |
Yes Cash value growth is tax-deferred. |
| Lifetime Level Premiums | Level premiums only for duration of initial term | Yes Guaranteed for the life of the policy |
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| Lifetime Coverage | No | Yes Guaranteed for the insured's lifetime, provided premiums are paid as required |
Yes It is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage1 |
| Flexible Premiums | Yes Available for the insured's lifetime |
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| Available Policies | Term Life Policies Term 10, 15, 20 and 30 Years |
Whole Life Policies Whole Life Limited Pay 10, 20 Single Premium Life Final Expense $10,000 |
Universal Life Policies Flexible Premium Universal Life Single Premium Universal Life |