Navy Mutual Launches New Insurance Product: Flagship Whole Life

ARLINGTON, VA (PRWEB) September 01, 2016

Developed by our insurance experts in response to Member needs, Flagship Whole Life is a participating whole life insurance plan that provides the protection of permanent life insurance with the flexibility of a tax-advantaged asset that grows in value. It also includes a Chronic Illness Option that can allow the insured individual to use the insurance plan's death benefit to help offset some of the expenses associated with long term care while the insured is still living.

"We realize that Members' needs change over their lifetimes," said Bruce Engelhardt, President and CEO of Navy Mutual. "What you and your family may need in your 30's is often very different from what you need in your 60's. Flagship Whole Life was designed to provide lasting flexible coverage to meet the changing needs of our Members."

Flagship Whole Life provides the traditional protection against loss of income, mortgage or education requirement and funeral and other costs in the case of death of the insured. But it also offers the opportunity to receive dividends that may result from Navy Mutual's conscientious investments, favorable mortality rates, and low expenses. Members can choose to use their dividends to increase their coverage, reduce their premiums, purchase additional term insurance, or take them in cash.

Up to $1 million of coverage is available, starting at $10,000. Flagship Whole Life's pricing structure is based not only on age, coverage amount, and premium duration, but also on a series of health levels. This allows individuals to get the best price available for their specific circumstances.

For more information, contact a Sales Representative at counselor(at)navymutual(dot)org.

About Navy Mutual:
The Navy Mutual is a non-profit association whose mission is to provide Members with quality life insurance as close to the net cost as possible, to counsel Members on government benefits to which they may be entitled, and to educate military members and families on matters of financial security. Since 1879 Navy Mutual has fulfilled our mission by providing excellent life insurance and annuity products with no combat restrictions or fine print. At Navy Mutual, our guiding principle is to serve our Members the same way they serve our country -- with integrity, passion, and commitment. For more information go to http://www.navymutual.org.

Read the full story at http://www.prweb.com/releases/2016/08/prweb13645141.htm