How First Step Works

You start with $10,000 or $25,000 of quality term insurance at a very low premium. Current rates are $35 a year for $10,000 worth of coverage and $50 a year for $25,000 of coverage. The premium stays the same until your child is age 30, out of school and ready to handle his/her own finances. At 30 he or she will have the opportunity to convert to up to ten (10) times the original amount to LCBA permanent insurance regardless of their health at the time, guaranteed!
 
Along The Way

Your child becomes a member of the LCBA. As a member he or she is eligible for many of the fraternal benefits offered by the LCBA. For example your student can apply for any of the LCBA scholarships. These include; camping, elementary, secondary, vocational and college scholarships. Scholarships are just one reason that LCBA insurance membership is a great value.

Common Questions and Answers
 
Q. What kind of insurance is this?
A. This is a term life insurance policy. It can be issued on Christian individuals 16 days old through age 22. It expires at age 30. Term life insurance means there is NO CASH VALUE.
 
Q. Will my premiums change?
A. NO. Your premiums remain the same for the duration of the term coverage. If you decide to convert your coverage to permanent insurance, your premiums will change. Upon conversion, you will be charged the premium due for the face amount of the conversion at the insured’s attained age.
 
Q. Do I have to convert?
A. NO. You may convert but are under no obligation to convert. You don’t even have to decide until the insured is age 30. LCBA guarantees that up to ten (10) times the original face amount will be available at age 30 regardless of the health of the insured.
 
Q. Who owns the coverage?
A. You, as the applicant become the owner. If the insured is under age 16 at the time the coverage is issued, ownership will automatically transfer to the insured when he or she becomes 16, unless you request otherwise.
 
Q. Can LCBA cancel the policy once coverage begins and the premiums are paid?
A. NO. The Association cannot cancel the insurance for any reason. Only you (or your child after 16) can cancel the coverage. 

Q. Can a grandparent apply for the Plan?
A. YES. A child’s parent, grandparent, or legal guardian can apply, and be the certificate owner. 

Guardian © Term 

Term insurance offers an affordable way to ensure your family won’t suffer due to lost income if something tragic happens to you or your spouse. Guardian© Term can help ease your mind by providing maximum insurance coverage with great premium rates that you can lock in for 10, 20, or 30 years. A Guardian© policy’s proceeds go quickly to your beneficiaries, in case of your death.* And in most cases, the benefits are 100 percent tax free.
 
*Suicide excluded during the first two years.
 
Guardian Term Guarantees:

Your Choice of Face Amount
$25,000 and up

Level Premiums
Premium payments** never change during the policy’s initial term period.And the sooner you purchase, the lower your payments, since initial premiums rise with age.

Renewable Coverage
At the end of policy’s initial term, up to age 95, with no questions asked. Annual premiums will increase based on current age and original underwriting classification.

Policy Protection
Your policy will never be cancelled for any reason, except premium non-payment or fraud.

Fixed Benefits
Death benefit amount you select remains the same for the policy’s term.

Convertible Option
You may convert your Guardian© policy to a whole life product three years prior to initial term’s end or age 70 (if earlier), with no medical questions or exam required.
 
**Based on term period—10, 20, or 30 years; age; sex; and underwriting classification at time of purchase.
 
Guardian Plus © Term (Return of Premium)

Raising a family, paying the mortgage, saving for your kids’ college education - the time of life when your first priority is protecting your family’s financial future. That's why term life insurance is a popular, easy, and economical way to provide your family with a financial safeguard. Should you unexpectedly die, beneficiaries receive tax-free cash quickly to help offset income loss. Now with a Guardian Plus Return of Premium (ROP) plan, you not only enjoy excellent term insurance coverage but you also get back the money you paid for that policy.
 
How it Works
Purchase a Guardian Plus© ROP 20- or 30-year term policy. During the policy’s life, your family receives benefit protection* in case the unthinkable happens. But if you outlive the term period, you get back 100% of your base premiums tax-free.**
 
*Suicide excluded during the first two years.
 ** Initial term period only. Optional rider premiums or extra charges not included. Partial premium return, beginning in the 6th policy year, may be available should you decide to terminate the policy. 

Why Guardian Plus Return of Premium?

Guaranteed Premiums
Premium payments never change during the policy’s initial term period. And the sooner you purchase, the lower your payments, since initial premiums rise the older you get.

Renewable
When your policy’s term ends, you may renew coverage up to age 95, with no questions asked. Annual premiums will increase based on current age and original underwriting classification.
 
**Based on term period—20 or 30 years, your age, sex,and underwriting classification at time of purchase.