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Canopy Preneed
The only preneed you'll ever need.
Canopy Preneed is the new industry-leading 5-in-1 preneed product from Investors Heritage. Designed to allow you to cover all your families regardless of age, health status or financial situation, it features unrivaled low premiums, flexible growth tiers, and a best-in-class graded benefit that returns up to 35% and 75% in years 1 and 2, respectively.
Quick Facts
Highlights
- All medical histories are insurable.
- Premiums never increase. Guaranteed.
- 1 simple application for all 5 products.
- Health questions for Full Benefit only.
- Commissions paid on face amount. (remove?)
- Insurance products provide tax-free benefit.
- Funding flexibility.
Payment Flexibility
Premiums can be paid by:
- Bank Draft
- Direct Bill
- Visa / Mastercard
- Direct Express Debit Card
Payments can be made Monthly, Quarterly, Semi-Annually or Annually
OPTIONAL SINGLE PREMIUM RIDERS
These riders are designed to offer flexibility and additional coverage.
Down Payment Rider
Used with multi-pay plans to purchase single premium coverage at the time of application.
Additional Insurance Rider
Add single premium coverage to a paid-up policy without taking a full application. A rider application is included with the policy at issue.
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A great place to start
Single Premium
WHO IT’S FOR
Clients who can afford to purchase
their funeral plan with one payment.
WHAT IT DOES
Gives first-day, full coverage and is
designed to provide competitive
growth.
PREMIUM RATES
Rates discounted for insureds who
sign the application themselves and
do not have a POA, Guardian or
family member sign the application.
Commission rate the same regardless of
signature type. -
A healthy option
Full Benefit
WHO IT’S FOR
Clients who are in good health, who do
not want to pay in a single installment and
who are willing to answer a few health
questions.
UNDERWRITING
Medical Information Bureau check made to
verify health status. Phone follow-up only if
necessary. If client doesn't qualify, a Graded
Plan will be automatically issued.
WHAT IT DOES
Allows customers who satisfactorily answer
health questions to get first-day coverage
and pay in monthly, quarterly, semi-annual,
or annual installments.
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Covering all health conditions
Graded Benefit
WHO IT’S FOR
Clients with any health status who do not
want to pay all at once and are willing to take
a temporarily reduced benefit.
WHAT IT DOES
This graded product pays the full benefit after 2
years and 1 day, 75% in months 13–24, 35% in
months 7–12 and, and return of premium plus
10% in months 1–6**.
ADVANTAGE
Although the benefit it reduced during first
two years, the benefit is always more than the
premiums paid.
*May vary by state -
Complete Pay. Complete Benefit.
Monthly Increasing Benefit
WHO IT’S FOR
Clients who can make regularly scheduled
payments, but need a smaller premium to fit their
budgets.
WHAT IT DOES
The benefit builds and earns interest as payments
are made. To receive full benefit and cover planned
funeral expenses, all payments must be made.
ADVANTAGE
The death benefit will always be more than the
premiums paid, even if the policy goes to Reduced
Paid-Up status. -
Pay as you go.
Flexible Premium Annuity
WHO IT’S FOR
Clients who exceed the maximum issue age for
other products or who don’t want to make regularly
scheduled payments.
WHAT IT DOES
Clients can choose to make regular, scheduled payments
into the annuity, or make payments on their own
timetable.
ADVANTAGES
Provides payment flexibility and coverage for your clients
of all ages. The death benefit will equal the premiums
paid plus interest.
Get more information.
If you’re in the market for preneed, please download our brochure. If you’re an industry professional, please contact us for more information.