You need life insurance and not just any life insurance: you need the best final expense or burial life insurance policy you can get. Keeping in mind your life insurance budget, requirements and eligibility, you’ve added KSKJ Life to a short list of companies possibly right for you. To help make up your mind, we here at IBUSA has compiled a bit of information about KSKJ Life and their products.
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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 more than 100 years. KSKJ Life first opened its doors in 1894.
Originally, KSKJ Life was set up with the needs of Slovenian immigrant families in mind. By 1909, KSKJ Life was serving more than 10,000 people.
It’s important to know that KSKJ Life is different from many life insurance companies in that it is not a “company”, but a not-for-profit organization. This means that they are not profit-seeking, and in theory, that makes them more likely to have your best interests in mind.
Is KSKJ Life only for people of Slovenian descent?
While KSKJ Life was founded with the goal of helping new Slovenian immigrants, they do not exclusively serve the Slovenian-American community. KSKJ Life is an inclusive life insurance organization that offers coverage to people of all walks of life.
KSKJ Life Insurance Ratings
We looked far and wide but were unable to 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 10 or whole life 20-pay life insurance policy might be a good day. Whole life 10-pay means that you have only 10 annual payments to make whereas whole life 20-pay means you have 20 annual payments to make.
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 totally paid off before retiring, or perhaps you just want the security of knowing your life insurance is fully taken care of.
Whatever the reason, 10 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. For people who have cash on hand, this is a great way to invest and be secure from day one. Whole Life Single Premium policies are issued for people from 20-90 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.
Cash value whole life insurance focused on final expenses and burial or funeral insurance. Available for ages 45-85 with face amounts ranging from $5,000 up 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 opt to get covered only during a certain period of life.
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.
Overall Opinion of KSKJ Life
The reason you’ve found yourself on this page is to get more information to possibly help you decide if KSKJ Life is a good life insurance company. You want to know if you should buy a life insurance policy from KSKJ Life.
Well, our overall opinion is that KSKJ Life is a great life insurance company with people at the core of their values. KSKJ Life has the right intentions and most certainly is the right life insurance company for many people.
Is KSKJ Life right for you?
This is a question we cannot answer with all certainty until we get to know you. KSKJ Life is right for many life insurance seekers. For many, they will over the best life insurance policy option at the most affordable price. They will offer great coverage, awesome customer experiences, and options you need.
However, there are definitely some people who may find a better life insurance policy elsewhere.
Why? Because life insurance policies aren’t one-size-fits-all. There are so many factors that make every person unique—and life insurance companies recognize that.
Just like you can’t say one clothing shop is “the best” shop for all of mankind, it’s impossible to say one life insurance company is right for everyone. Some clothes just fit some people better—and some life insurance policies just fit some people better.
How do you know if KSKJ Life is right?
We at IBUSA suggest that you give us a call and let us compare KSKJ with the other final expense and burial life insurance companies we work with. Remember, you’re trying to find the best life insurance policy, and the only way to do that is by comparing.
We will tell you our top recommendations based on your specific needs and wants. You can compare the life insurance coverage offered by the companies we suggest and compare them with what KSKJ Life recommends. Then, you can make an informed decision and choose the life insurance policy that is truly right for you.
So what are you waiting for? Call today for a complimentary strategy session