The Benefits of Pacific Mutual Life Insurance

Pacific Mutual Life Insurance Company, better known as PMI, is one of the biggest names in the life insurance industry. The company has branches in most states and in Canada as well. What makes Pacific Mutual Life Insurance Company stands out from the crowd is that it offers a wide variety of coverage for their policy holders. In fact, there are so many services they offer to policy holders that they have become a unique name in the insurance industry.

One of the most popular features offered by Pacific Mutual Life Insurance Company is the Guaranteed Renewable Life Policy. The life insurance is very similar to other life insurance policies in that it provides you with a policy that pays out a benefit to the beneficiary in case you die within a specified time frame. This is called "guaranteed renewability". However, unlike other life insurance policies, Guaranteed Renewable Life Policies are backed by specific data which ensure that the policy will continue to pay out once the insured has passed away. Unlike some life insurance policies where cancellation is possible due to Policy Expiration, a Guaranteed Renewable Life Policy is backed by medical exams and statistics.

You can also choose between different coverage plans such as Preferred Provider Organization, or PPO, and point of service plans. With the PPO, you can choose a primary health care provider, while the point of service plan will require you to use a hospital within their network.  Insureinfoq  offers the option of having an accidental death benefit included in your plan.

Another feature offered in the Pacific Mutual Life Insurance policy is the Waiver Of Premium Protection. What this means is that when you fail to pay your premiums on time, you will not be charged a fee. If you have experienced a loss of job, you can have the premiums forgiven, too. However, the insurance company may also cancel your policy at any given time without prior notice.

One of the best features of this policy is the ability to build a cash value. When you purchase a policy from Pacific Mutual, you will receive a percentage of your premium back as cash. If you want to use the money for your home, college tuition, or emergency medical expenses, then you have the option. This is also an excellent choice if you are self-employed and would like to benefit from tax benefits.

The policies also provide a number of flexibility options, including the ability to change terms. For example, you can decide to renew your policy, but you may wish to raise the deductible. You can also decide to convert your term policy into a whole life policy. If you are 65 or older, you can convert your whole life into a limited liability policy. These are just a few examples of the flexibility available with Pacific Mutual Life Insurance.

Another benefit of the Pacific Mutual Life Insurance policy is the ability to build a cash value. In order to do this, you must invest in a minimum amount with the insurance company each month. You can earn dividends, which will be returned to you. If you are unable to work while you are insured, you will still receive regular payments and dividend checks. This provides for extra income and security for you and your family.

There are many other features that you will enjoy as well. If you purchase additional coverages, such as accidental death and dismemberment benefits, you can usually get additional discounts. The Pacific Mutual Life Insurance policy provides benefits to you and your loved ones in the event of your death. You can be at peace knowing that your family will not lose everything that you have worked so hard to acquire. The benefits offered are simply too many to mention.