Death Benefit
When an insured party passes away, the amount of capital paid to the designated beneficiary or beneficiaries is referred to as the death benefit. Death benefits are commonly paid to beneficiaries of life insurance policies, annuities and some pensions.
Lincoln Benefit Life
Thrivent
Thrivent Financial is a company dedicated to serving Lutherans in the insurance and banking sector. Thrivent is a Fortune 500 financial services organization and is a faith-based organization. Thrivent is the largest fraternal benefit society in the United States. Products include annuities, mutual funds, insurance, banking, and church loans. Brief descriptions of product areas is as follows:
Pacific Life
Pacific Life Company provides its customers with services in annuities, college savings, life insurance, mutual funds, and other products. It also provides financial planning and educational information to its customers. Products include:
1) Fixed Annuity: A fixed annuity provides defined growth of principal and interest, free from taxes until money is withdrawn. Fixed annuities generally guarantee a fixed amount of interest for several years; others guarantee rates from one to three years, and renew at the option of the insurance company.
North American
North American Company for Life and Health Insurance was founded in 1886 and is currently headquartered in Chicago, Illinois. North American, as it is commonly called, offers life insurance products to individuals. An overview of its life insurance products is as follows:
Term Life Insurance: Offers coverage for a specified term with guaranteed level premiums.