Family Protector II is designed to provide you and your family with quick and simple coverage for your life insurance needs from covering final expenses or securing a financial foundation, to leaving your family a legacy you can be proud of. Using our all-digital, instant-issue design, there is no more waiting for an underwriting decision. Life is hectic - buying life insurance shouldn’t be.

Family Protector II

Overview

LCBA’s Family Protector II plan offers coverage for families of all ages between 0-85. Our all-digital, instant-issue life insurance plan will help you set aside funds for final expenses without burdening your family. Designed to cover things like funeral or burial costs, our whole life insurance can be used for setting up a secure financial foundation and leaving a legacy to your loved ones.

Our unique underwriting design does the work while the application is being completed. What this means to you is no wait times for an approved policy. The application can be completed in as little as 10 minutes, and coverage can begin moments after completion. The premiums you pay will never increase and the coverage will grow guaranteed at 5% after every 5th policy year. Plus, you build cash value at the same time.

Coverage will always be there for you* as this plan is designed to pay the benefit at a future date unlike term or universal life policies. *Contestable period remains in effect from the date of issue for the first 2 years.

Benefits

  • Ages 0-85.

  • Face amounts from 5k to 50k.

  • Guaranteed growth of 5% after every 5th policy year

  • Standard and Guaranteed Issue underwriting classes.

  • Continuous pay, 20pay and single pay options available.

  • E-sign ready

  • Instant underwriting decisions using our unique process so there’s no waiting for a policy decision.

  • Digital application allows for quick and simple design that gets your family covered fast.

  • Member Benefits including:

    • Educational scholarships for you and your family.

    • Prescription drug discounts.

    • Hearing aid discounts.

    • Retail discounts

The Process

1 : Collect basic data

2 : Answer 10 simple health questions

3 : Receive your approved offer

4 : Accept and sign

Highlights

  • Inflation Protection
    The amount of insurance coverage purchased to fund your wishes increases every 5 years at a guaranteed rate of 5%.

  • Medicaid Exemption
    If desired, we have the tools to allow your policy to be considered exempt from Medicaid’s countable assets. Your plan will not affect Medicaid eligibility.

  • Fraternal Benefits
    As an LCBA policyholder, you become a member who is provided opportunities for scholarships, discount programs and other value-added benefits.