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The Stewardship Life Income

The Stewardship Life Income is a reversionary annuity--a unique new life insurance product.

Reversionary Annuity... "[A] life insurance policy conditioned on the survival of the beneficiary beyond the life of the insured and payable to the beneficiary at a stated amount per month or year so long as the beneficiary lives and commencing with the death of the insured."*

A reversionary annuity is a life insurance policy that provides a monthly income to the beneficiary on the death of the insured.

The Stewardship Life Income is a patented, new life insurance product.  The patent for the product is owned by The Baltimore Life Companies.

The Stewardship Life Income's unique features make it an attractive solution for many personal and business needs.  The Stewardship Life Income offers premium and benefit efficiency by combining key attributes of permanent and term life insurance with a guaranteed lifetime monthly income payout.  Premiums are low in comparison to other life insurance products providing the same or comparable benefits.  Premiums may be changed by the company after the first contract year.  The monthly income benefit is guaranteed and can never decrease, and the beneficiary cannot outlive the lifetime income.   

*Handbook of Personal Insurance Terminology, Levy, Michael H.; Farnsworth Publishing Company, 1968, p. 478

Source: The Baltimore Life Companies sales materials provided for use by Independent Insurance Sales & Brokerage, Inc.

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 Advantages
  - new to the marketplace
- provides premium-to-benefit cost efficiency
- beneficiary cannot outlive the lifetime income benefit
- many potential uses
 

 

 
 Cost Efficiency
  - Lifetime income benefit to beneficiary is guaranteed
- Premiums can be as much as 50% less than traditional life insurance providing the same guaranteed lifetime income benefit
- Policy is tailored to specific life situations and expectancies of both the insured and beneficiary
 

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