Strictly Business

Founded in 1946, Shelter Insurance is headquartered in Columbia, Mo. and provides a variety of competitively priced financial products and services, as well as comprehensive insurance programs such as:

Life Insurance

Flexible Premium Universal Life Insurance Policy

The Shelter Platinum Shield II Universal Life Policy includes these outstanding features:

Flexible premiums controlled by you.
Within policy limits, you may increase or decrease your premiums.

Adjustable protection depending on your needs.
Choose from two basic coverage options:

• Coverage Option A – Death benefit remains level.
• Coverage Option B – Total death benefit increases as cash value grows.

In addition, you can add to your protection or decrease your benefits within certain limits on both Coverage Option A and B.

Tax-favored yield based on current interest rates.
Your Shelter Universal Life policy pays competitive interest on all cash values after the cost of insurance and expenses are deducted. The rate of interest will vary but is guaranteed never to be less than four percent.

To illustrate the flexibility of the Shelter Platinum Shield II Universal Life Policy, the photos below show events during a lifetime that may necessitate changes affecting your policy premiums and benefits.

• Birth of child (insured uses money from policy to increase face amount coverage, and premium remains unchanged)
• Spouse resumes career (insured increases premium payments)
• Child graduates (insured increases premium payments to prepare for retirement)
• Marriage (insured increases coverage and premium payments)
• Home purchased (insured withdraws money from policy for home purchase, and premium remains unchanged)
• Child in college (insured withdraws money from policy for child’s education, and premium remains unchanged)
• Retirement (options: continue the program as is; convert the cash value to a monthly income, or; change coverage and/or premiums)

An Accelerated Benefit is included in your Universal Life Policy.

Your Universal Life Policy includes an Accelerated Benefit provision which may allow you to use part of your death benefit if you become terminally ill (with a life expectancy of 12 months or less). You may request a one-time withdrawal of up to 50% of the specified amount (but not more than $250,000) less any outstanding loans and unpaid loan interest. You must withdraw at least $5,000. This benefit reduces your policy values. We do not charge you a premium for this benefit.

Optional Coverages

• Accidental Death – provides an additional benefit if death results from an accident.
• Guaranteed Purchase Option – This permits the Insured to increase the specified amount on stated option dates without proof of insurability. Regular Option Dates are on policy anniversaries when the Insured’s age is 25, 28, 31, 34, 37 and 40. Special Option Dates for marriage, childbirth or adoption may be used instead of the next Regular Option Date.
• Waiver Of Month Deduction – After six months of total disability, the monthly deduction will be waived. This includes the cost of insurance, the monthly expense charge and the cost of attached riders. If disability occurs before age 60, the monthly deduction will be waived until the disability ends. If disability occurs after age 60, the monthly deduction will be waived until age 65 or until the disability ends, whichever comes first.
• Spouse’s Term Insurance – Term insurance on the spouse that expires on the earliest of: 1) 20th anniversary of the rider, or; 2) the policy anniversary after the Insured’s 65th birthday.
• Children’s Term Insurance – Term insurance on each child that expires on the earliest of: 1) policy anniversary after each child’s 25th birthday, or; 2) the policy anniversary after the Insured’s 65th birthday.

Policy Loans And Cash Surrenders*

• Policy Loans – You may borrow all or any part of the cash surrender value at any time. Interest will be charged on borrowed funds at a rate not to exceed 6% per year.
• Partial Surrender – You may withdraw a part of the cash surrender value at any time except the specified amount may not be reduced below $25,000. A charge of $25 will be made for each partial surrender.
• Full Surrender – You may surrender your policy for its cash surrender value at any time. If you surrender the policy during the first 10 policy years or during the first 10 years of any increase in specified amount, there will be a surrender charge. The charge is a percentage of the first year premium for the policy or increase, which declines to 0% after 10 years.

Benefit Coverage

Options:

 Option A        Option B

Initial Specified Amount Selected $ _______
First Year Minimum Premium $ _______

Riders

Permanent Life Protector-Plus

Most people earn a fortune during their lifetime…but few become financially independent. How much could you comfortably set aside each month toward a program that would help guarantee your financial future?

Non-Guaranteed Elements of the policy:

Many aspects of your life insurance contract are guaranteed, including your cash value and maximum premium. However, certain aspects of the policy cannot be predicted with absolute certainty. For example, the dividends are not guaranteed and may vary from year to year.

The non-guaranteed elements can increase the value of your life insurance contract in one of two ways:

• by increasing your policy’s cash value and/or death benefit, or;
• by reducing the out-of-pocket cost of your policy.

Dividend Options:

Dividends paid are based on the insurance company’s year-by-year experience, which depends on items such as general interest rate environment, the amount and timing of benefit claims that the insurance company pays and the company’s operating expenses. Dividends are not guaranteed and are subject to change by the insurance company. Results may be more or less favorable.

Dividends may increase the value of your life insurance policy in one of two ways:

• by increasing your policy’s cash value and/or death benefit, or;
• by reducing the out-of-pocket cost of your policy.

There are several options for the use of any dividends generated by the policy. The dividend options include:

• left on deposit
• paid to you
• used to reduce premium (not available on Special Monthly Mode)
• paid up additions

Shelter’s Permanent Life Insurance is designed to provide you with solutions to the three major money problems of life if you qualify (you must meet underwriting guidelines at the time of issue).

1. Live
If you live to retire, you need enough income for a comfortable retirement.
At age 65, guaranteed cash value $ ______

2. Die
If you die, you need to leave an estate for your loved ones plus enough to cover your financial obligations.
Your family will receive $ _______

3. Quit
If you are forced to quit, you may take the cash in one sum or use the cash to buy a fully paid-up life insurance policy for a lesser amount. Or you may purchase a policy for the full face amount for a limited number of years.
At the end of 20 years, you will have guaranteed cash value of $ _______

Other Benefits Available

• Waiver of Premium Benefit
  If you become totally disabled before age 60, we will pay your premiums after six continuous months of disability and as long as total disability continues. If you become disabled between ages 60 and 65, we will pay your premiums after six continuous months of disability and as long as disability continues, but no longer than the policy anniversary following your 65th birthday.
• Accidental Death Benefit
  If death occurs as a result of an accident, this benefit could increase the amount or proceeds payable to your beneficiary.
• Payor Benefit
  This benefit provides continuous payment of premium for a specified time if the payor of a policy on a child dies or becomes totally disabled.
• Renewable Term Benefit
  For those needing additional protection, a renewable term may be added to the basic policy.
• Guaranteed Insurability
  With this benefit, you can purchase additional life insurance regardless of your health beginning at age 25 and every three years thereafter until you reach age 40. Special provision dates at marriage and the birth or adoption of a child allow you to use one of the available options.
• Spouse Term Benefit
  This rider provides Term coverage on your spouse of up to 100% of your protection.
• Children’s Term Benefit
  This benefit provides protection on your children up to half of your coverage or $25,000, whichever is less. One premium covers all children.

Junior Special Life Policy

Click here to view the full brochure.

What if your child becomes uninsurable before age 26? Consider purchasing a Shelter Junior Special Life Insurance Policy for your children or grandchildren who are age 17 or younger. You may purchase up to $20,000 in life insurance that remains in force until age 26 with only one premium payment.

Here’s how it works: From the insured’s 25th birthday to the policy’s termination date, the Junior Special policy may be converted for up to five times the policy face amount. The Owner may convert to either a Whole Life or Universal Life policy or any other policy that Shelter Life agrees to issue at that time. The conversion can occur without proof of insurability. The converted policy will contain the Waiver of Premium Rider.

For an additional premium, the converted policy can include the Guaranteed Insurability Rider at the option of the Owner of the policy. The amount of the Guaranteed Insurability Rider purchased cannot exceed the amount of the policy purchased at conversion. The Guaranteed Insurability Rider allows the purchase of additional insurance without proof of insurability at the policy anniversary on which the Insured’s attained age is 28, 31, 34, 37 and 40 or on Special Option dates such as marriage, birth or adoption of a child.

The converted policy also includes waiver of premium. If the insured becomes totally disabled before age 60, we will pay the premiums after six consecutive months of disability and as long as total disability continues. If the insured becomes totally disabled between ages 60 and 65, we will pay the premiums after six continuous months of disability and as long as total disability continues, but no longer than the policy anniversary following the insured’s 65th birthday.

Junior Special Policy

Prepared especially for
Name _________________ Age ______

This Junior Special Policy provides death benefits
in case the named insured dies before age 26 $ ______

At age 25, the policy may be converted to an ultimate face amount of five times the original with regular premiums due thereafter. Should the owner elect to purchase the Guaranteed Insurability Rider at conversion, additional purchase options are available. $ _______

Guaranteed Options To Purchase

At age 28,
additional policy available $ _______

At age 31,
additional policy available $ _______

At age 34,
additional policy available $ _______

At age 37,
additional policy available $ _______

At age 40,
additional policy available $ _______

Total Coverage Available $ _______

The additional coverage will be available at premium rates based on the insured’s attained age and current company rates applicable for standard insureds at the time each option is exercised.

In addition to offering the guaranteed purchase option at conversion, the converted policy will have the Waiver of Premium Benefit.

Convenient alternative payment plans are available. The policy presented in this information is level term to age 26.

Platinum Protector

Why do I need life insurance?

Protection for your family
Term insurance provides an affordable life insurance option for many young families, allowing them to cover financial obligations which will reduce or disappear over time. Take a minute to consider how your family’s lifestyle would change if you were no longer around to provide for them financially.

Term life insurance can be thought of as “temporary” insurance that exists for a given period of time such as 10, 20 or 30 years. Term insurance benefits can help survivors with burial expenses, mortgage payoff, education expenses for children, daily bills, taxes, and allow them to enjoy financial security.

Protection for your business
Many people use term life insurance as a means to protect their business obligations. Starting or investing in a business venture involves a substantial financial commitment and thus creates the need to protect that investment with a financially sound life insurance program. Term insurance is an excellent source for this protection.

Protection to age 95

This term life insurance to age 95 is a life insurance policy providing a guaranteed death benefit of $100,000 or more until age 95. Level premium options available are for 10, 20 or 30 year planned periods.

Waiver of Premium Benefit (Optional)

By adding the optional Waiver of Premium benefit to your Platinum Protector policy, you are assuring that this policy will continue to provide for your family’s security even if you become totally disabled. After six months of total disability, the premium will be waived. If disability occurs before age 60, the premium will be waived until the disability ends. If disability occurs after age 60, the premium will be waived until age 65 or until disability ends, whichever comes first.

Conversion Options

To convert this policy to permanent life insurance, you do not need proof of good health if you are not receiving benefits under the Waiver of Premium Policy Rider. You may convert this policy to any Whole Life or Universal Life policy that the Company issues prior to the conversion expiration dates as shown below.

This information contains only a general description of coverages and is not a statement of contract. All coverages are subject to the provisions of the policy. Not available in all states.

Let Shelter Insurance, which has more than 1,400 agents in our 14-state operating area, save you time and money when insuring your most valuable assets. To learn more about our company and all of our services, simply follow the links to our web site at www.shelterinsurance.com