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KSKJ Life Insurance Review

KSKJ Life insurance review

You need more than just any life insurance policy – you need the best final expense or burial life insurance policy that fits your budget, requirements, and eligibility. If you’ve considered KSKJ Life as a possible option, we at IBUSA have compiled some information to help you make an informed decision. Let’s take a closer look at KSKJ Life and its products to see if they fit you.

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About KSKJ Life

About KSKJ Life

KSKJ Life, American Slovenian Catholic Union, is an Illinois fraternal benefit society located at 2439 Glenwood Ave., Joliet, IL 60435.

KSKJ Life is in the century-old club, meaning they’ve been around for over 100 years. KSKJ Life first opened its doors in 1894.

Initially, KSKJ Life was set up to meet the needs of Slovenian immigrant families. By 1909, KSKJ Life was serving more than 10,000 people.

It’s important to know that KSKJ Life differs from many life insurance companies because it is not a “company” but a not-for-profit organization. This means they are not profit-driven and have a different mission than traditional insurance companies. As a fraternal benefit society, KSKJ Life operates on a membership basis, and its members are also its owners. This unique structure allows KSKJ Life to focus on the well-being of its members and the communities they serve rather than solely on generating profits for shareholders.

Today, KSKJ Life provides various insurance and annuity products, including final expense and burial insurance policies. Their products are designed to meet the needs of individuals and families at various stages of life, and they offer flexible coverage options to fit different budgets and requirements.

Suppose you’re considering KSKJ Life for your life insurance needs. In that case, it’s important to note that as a fraternal benefit society, their eligibility requirements may differ from those of traditional insurance companies. It’s always a good idea to compare other companies’ policies to ensure you get the best coverage for your needs and budget.

Is KSKJ Life only for people of Slovenian descent?

While KSKJ Life was initially founded to help Slovenian immigrants, it has since evolved into an inclusive life insurance organization offering coverage to people from all walks of life. KSKJ Life’s mission is to help individuals and families achieve financial security through life insurance products. They are committed to providing affordable, reliable, and comprehensive coverage to their policyholders, regardless of their background or ethnicity. So, whether you’re a first-generation immigrant or a multi-generational American, KSKJ Life may have a life insurance policy that’s right for you.

KSKJ Life Insurance Ratings

We looked far and wide but could not locate an A.M. Best Company rating for KSKJ life. If there is one, it is not made readily available.

KSKJ Life Insurance Policies

KSKJ Life has two categories of life insurance: permanent and term.

Permanent Life Insurance Policies:

Whole Life 10-Pay/ Whole Life 20-Pay:

If you want to be able to countdown your payments, then a whole life ten or whole life 20-pay life insurance policy might be a good day. Whole life 10-pay means you have only ten annual payments to make, whereas whole life 20-pay means you have 20 yearly payments.

Why do people want 10 or 20 payment options?

For some people, life insurance is more than just life insurance: it’s a part of a well-thought-out financial strategy.

It may be that the person wants to have their life insurance paid off before retiring, or perhaps you want the security of knowing your life insurance is fully taken care of.

Whatever the reason, ten and 20-pay life insurance policies make sense for some people.

Whole Life Single Premium:

This type of permanent life insurance is a single, one-time investment. This is a great way to invest and be secure from day one for people with cash on hand. Whole Life Single Premium policies are issued for people from 20 to 90 years of age.

Why do people want a single premium policy? As mentioned, if you have money to invest, you might as well invest it in a life insurance policy rather than shaky stocks or real estate. Many people see this as a safe way to invest money and get decent returns dollar for dollar.

Whole Life Policy:

In KSKJ Life’s classic Whole Life Policy, your premiums will never go up, and as long as you keep making payments, you will have lifelong protection. Issued from 0-85 years old.

Why do people choose whole life insurance policies? Whole life insurance policies give you lifelong protection while making payments is easy. You don’t have to give over a large chunk of money at one time (or annually); you can make steady, regular payments that are easy to accommodate in a budget.

Final Expense:

Cash value whole life insurance focuses on final expenses and burial or funeral insurance. Available for ages 45-85 with face amounts ranging from $5,000 to $25,000.

Term Life Insurance:

This is available for 10, 20, and 30-year periods. Instead of getting covered your whole life, you can get covered only during a specific period.

Why do people choose term life insurance policies? If you have dependents, then you may want to ensure they will receive a hefty death benefit if you should die during your income-earning years.

Final thoughts…

While KSKJ Life may seem like an excellent option for your final expense or burial insurance policy, it’s always wise to do your due diligence and shop around to find the best fit for your needs. KSKJ Life may offer policies that align with your budget and eligibility requirements. Still, comparing their offerings with other life insurance companies is important to ensure you get the best coverage possible.

When shopping around for life insurance policies, it’s also essential to consider factors such as financial stability, customer service, and policy features. By taking the time to research and compare different options, you can make an informed decision that offers the most value for your money. So, while KSKJ Life may be a great option, explore all available options to find the best final expense or burial life insurance policy for you.

1 comment… add one
  • rickey Estep March 4, 2021, 11:27 am

    What would stop your company from paying a beneficuary benefits on a life ins claim?

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