Great Southern Insurance offers a full range of life insurance coverage. Life Insurance provides payment of a specified amount on the insured's death, either to his or her estate or to a designated beneficiary; or in the case of an endowment policy, to the policy holder at a specified date.
| Term Insurance |
Term InsuranceLife insurance payable to a beneficiary only when an insured dies within a specified period. 5, 10, 15, 20 or 30 years are usually the terms available. |
| Whole Life Insurance |
Whole Life InsuranceLife insurance payable to a beneficiary at the death of the insured whenever that occurs. Premiums may be payable for a specified number of years (limited payment life) or for life (straight life). Or a plan of insurance for the whole of life. Which may include straight life on which premiums are payable until death. |
| Universal Life Insurance |
Universal Life InsuranceA flexible premium life insurance policy under which the policy owner may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments. Premiums (less expense charges) are credited to a policy account from which mortality charges are deducted and to which interest is credited at rates which may change from time to time. |
| Group Insurance |
Group InsuranceAn employee or association group insurance program that provides each qualifying plan participant with life or health insurance by issuing a certificate to a master plan contract. |
| Mortgage Life and Disability Insurance |
Mortgage Life and Disability InsuranceA life, credit life, or disability insurance policy designed to pay off the balance due or make the monthly payments on a mortgage, if the insured should be injured, become ill, or die. Disability income insurance can replace monthly income should you become unable to work, due to injury or illness. |
| Burial Expense |
Burial ExpenseBurial, or Final Expense Life Insurance is essentially a whole life product with small face values and ($5,000 to $25,000). The application process is usually simple and normally does not have the associated medical requirements. |
Insurance Help Center |
Additional Resources |
Products and services offered by Great Southern Insurance are:
- Not FDIC Insured
- Not Guaranteed by the Bank
- Subject to risk and may lose value
Member FDIC | Equal Housing Lender
