Monthly Increasing Benefit (MIB) Plan
The MIB plan is available to virtually all applicants regardless of health issues. The MIB is a dollar-for-dollar insurance product with optional down payment, and/or fixed payment periods of 3, 5, and 7 years. The benefit increases by the amount of the premium each month and by postings of declared increases after 6 months, 24 months, and each 12 months thereafter.
Should death occurs due to accidental causes during the premium paying period, the death benefit is the initial face amount.