THE UKRAINIAN NATIONAL ASSOCIATION FORUM (10/17/04)

THE UKRAINIAN NATIONAL ASSOCIATION FORUM

INSURANCE MATTERS
by Joseph Hawryluk

Permanent life insurance you don't have to pay for your whole life

Dear Osyp:

I want whole life (permanent) life insurance, but I don't want to be paying for it my whole life. What do you recommend?

- Bernie

Dear Bernie:

Thank you for an excellent question. You can obtain UNA permanent life insurance with just one payment (Whole Life Single-Premium Plan), after 20 annual payments (20-Pay Life), or have it paid up by age 65 (Life Paid up at 65).

For example, a 40-year-old man can obtain a $10,000 permanent life policy for a one-time payment of $2,425 ($2,345 preferred rate, if the UNA underwriting department determines per your application that you are in excellent health - one more reason to get your life insurance early).

You see, statistically speaking, the older you get, the more things can go wrong with you. But once you qualify (during the underwriting process) for the lower preferred rate, that rate is yours until the policy is paid up.

If you don't mind paying for 20 years, that $10,000 policy would cost you $219.70 per year ($192.20 preferred). To have that $10,000 policy paid up by age 65, you would pay just $196.60 per year ($171.60 preferred).

So, don't procrastinate. Rates only go up as you get older, more things can go wrong with your health (i.e., you miss out on the preferred rate), or you could die without life insurance - and your loved ones will be left with a tremendous unexpected financial burden. Contact your local UNA branch secretary today, or call the UNA home office at 1-800-253-9862.

- Osyp

Joseph (Osyp in Ukrainian) Hawryluk is an advisor on the UNA General Assembly, chairman of the Buffalo UNA District Committee and secretary of UNA Branch 360. He is also a New York State licensed agent.

Young UNA'ers

Alexandra and Stefan Konopada, children of Andrew A. and Tania Konopada of Birmingham, Mich., are new members of UNA Branch 175. They were enrolled by their grandfather Jaroslav Konopada.
Lina Sophia Horobchenko, daughter of Volodymyr and Ksenia Horobchenko of Warren, Mich., is a new member of UNA Branch 175. She was enrolled by her grandmother Daria Rychtyckyj.
Abigail Claire Watters, daughter of Hugh and Jane Watters of Novi, Mich., is a new member of UNA Branch 292. She was enrolled by her grandparents John and Joanne Orlyk.
Sophia Larisa Maria Leshchyshyn, daughter of Andrij M. Leshchyshyn and Lada K. Onyshkevych-Leshchyshyn of Columbia, Md., is a new member of UNA Branch 66. She was enrolled by her grandparents Peter and Maria Leshchyshyn.
Larissa M. Strouse, daughter of James A. and Natalie M. Strouse of Bay Village, Ohio, is a new member of UNA Branch 358. She was enrolled by her grandfather Michael Tratch.

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