“At Texas Republic Life we realize you have choices. I personally want to thank you for choosing Texas Republic Life Insurance Company.”
- Timothy Miller
President Texas Republic Life
TEXAS REPUBLIC TRUEFLEX UNIVERSAL LIFE
Texas Republic Life Insurance was founded by a group of industry leaders with one goal in mind, Texans helping Texans. With over 200 years of industry experience consulting together the TrueFlex Universal Life product was developed for the Texas work space.
BENEFITS OF THE TRUEFLEX UL
The market today demands a quality product at a competitive premium with ease of enrollment and great service. Texas Republic Life accomplishes this with the TrueFlex with Living Benefits enrolled on state of the art technology, with Express Issue underwriting and a personal Account Representative for each group.
HIGHLIGHTS FOR THE EMPLOYEE
Permanent Life Insurance coverage to age 121.
Available for the whole family; employee, spouse, children and grandchildren.
Easy qualification with Express Issue Underwriting (NO MEDICAL EXAM!!!)
The three Express Issue questions:
During the last six months, has the proposed Insured(s):
1) Been actively at work on a full-time basis, performing usual duties?
2) Been absent from work due to illness or medical treatment for a period of time greater than five consecutive working days?
3) Been disabled or received tests, treatment, or care of any kind in a hospital or nursing home or received chemotherapy. hormonal therapy for cancer, radiation therapy, dialysis, or treatment for alcohol or drug abuse?
Convenient to enroll in. Offered through your employer as part of your benefits package.
Funded through the convenience of payroll deduction.
Portable and easy, TrueFlex transitions from payroll deduction to a bank draft or direct bill when you retire or change jobs.
Guaranteed premium rate for a significant number of years (average of 30 years across all ages).
Provides Accelerated Death Benefit, that can be used as a living benefit.
Flexible options! Including Child Term Rider, Accidental Death Rider, Waiver of Premium Rider, and Accelerated Death Benefit.
Individual issue policies allows the employee to purchase a policy on family members even if the employee does not participate in the life insurance program.
Perfect complement to Group Term and Voluntary Term. In your working years you want max protection (Term and Permanent Life). House payment, car payments, kids, college, that is a lot of responsibility. When you retire your exposure to risk can be greatly diminished.
PERMANENT PROTECTION
Trueflex is permanent life insurance protection. Texas Republic Life can never cancel or reduce coverage if the required premiums are paid, even if your health status changes. Coverage extends to age 121. At age 121 the policy matures, and the cash surrender value shall be paid to the owner of the policy and the coverage terminated.
LOWER PREMIUMS
TrueFlex Life Insurance is designed to have a minimal cash value. It is to be purchased for life insurance plus Living Benefits protection. Payment of table premium produces a small cash value, used to keep the policy enforce and premiums level. Making loans can affect the performance of the policy.
PORTABLE POLICY
TrueFlex is portable. Continuance of employment is not a condition of continued coverage. When your employment status changes due to retirement or termination you may port your TrueFlex policy by making your premium payment by bank draft, No converting, requalification or decreased face amount.
LONG GUARANTEED PERIODS
TrueFlex has long guaranteed periods (an average of over 30 years across all age groups). Texas Republic Life cannot legally predict the premium required to keep the policy in force after the guaranteed period. The premium could go down, stay the same, or go up after the guaranteed period.
INDIVIDUAL POLICIES
TrueFlex individual policies are available for the employee, spouse, children and grandchildren. Please see the underwriting offer for Minimum and Maximum offers for family coverage. TrueFlex policies are individual so the employee does not have to participate to purchase coverage on other family members. Most policies are issued based on three work and health related questions on the application.
UNIVERSAL LIFE CONTRACT
TrueFlex is a Universal Life contract. The premium has a flexible mechanism but if the table premiums are not paid the policy could laps before the guaranteed period. The Trueflex life product has a 4% guaranteed credited interest rate and charges an 8% loan interest rate.
CHILD TERM RIDER
TrueFlex has a child term rider available if the employee does not wish to cover the children with individual policies. $5.00 a month will purchase $10,000 on all the dependent children of the employee and spouse. Children are eligible from 15 days to 18 years of age, with the option to convert the rider to a permanent policy at age 26. Please see form TRLIC-CTR for more details.
ACCIDENTAL DEATH RIDER
TrueFlex Accidental Death Rider is used to protect policy owners against an untimely death caused by an accident. The Accidental Death Rider doubles the face amount when the insured is killed in an accident before the insured’s 70th birthday. The accident must be the cause of death and the death occurring within 180 days of the accident. Please see form TRLIC-ADB
WAIVER OF PREMIUM RIDER
TrueFlex Waiver of premium Rider is used to protect the policy owner against premium exposure while disabled before age 65. After being declared disabled by a physician for more than 3 consecutive months, the premium will be waived for the duration of the physician’s diagnosis of the insured as disabled. Please see form TRLIC-WP
ACCELERATED DEATH BENEFIT
The Accelerated Death Benefit Rider is included with every TrueFlex policy at no additional cost. You can accelerate 50% of your death benefit if you are diagnosed as terminally ill. Terminally ill being defined as the insured having less than 12 months or less to live by a licensed physician. This benefit is paid in a lump sum and there is a $100.00 administrative charge (Please see form TRLIC-Chron for full explanation of benefit). You can Also accelerate 45% of your death benefit with a Chronic Care Rider if you are unable to perform 2 of the 6 activities of daily living or have severe cognitive impairment. This benefit is paid out over a 24-month period. There is a $100.00 administrative charge for this acceleration of the death benefit (Please see form TRLIC-Chron for full explanation of benefit). These benefits may have tax consequences so please consult your tax advisor. The Accelerated Death Benefit may also affect your eligibility for medical assistance, please consult your advisor before you make application for the Accelerated Death Benefit.
IMPORTANT DETAILS
Premiums are flexible. The recommended premium payment is the Table Premium during the Guaranteed Period. Paying a lesser premium than the Table Premium can result in negative cash values, and as a result lapse the policy.
This is a summary only. Policy provisions prevail. This information is not a contract or an offer to contract.
Like most life insurance policies, Texas Republic Life Insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force. Please contact a Texas Republic Life Insurance representative for costs and complete details.
QUESTIONS?
Have questions or want to receive more info? Please fill out the form below and we will contact you as soon as possible!
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