With Devout, you can take out a different policy where your Church becomes a beneficiary and owner for very affordable rates. The new policy does not impact other policies you may have.
You may be familiar with the term “death benefit.” The phrase typically means the amount of money paid to the beneficiary when the insured dies. Devout calls it a “legacy benefit” because our products were created to support the Christian Family and America’s Churches. So, when you purchase Devout’s product, you are leaving a legacy that will be felt for generations.
Devout offers guaranteed issue permanent life insurance where your Church becomes the beneficiary and receives the legacy benefit once the policy is paid-out. Unlike a term policy, where benefits may not be received within a term, Devout offers permanent life insurance, so that Christian money never goes to waste. There’s more: permanent life insurance grants access to a growing cash value account that your Church can use in new ways.
Devout is not here to replace donations. But, unlike a donation, Devout allows your Church to access the growing cash value account to secure its economic safety. This means that the value of your contribution will leave a greater long-term benefit in a more affordable way. Also, Churches can use the account in unique ways to obtain greater benefits than they could otherwise.
While term life is more affordable on an annual basis, whole life or permanent life insurance provides multiple benefits for churches:(1). Term life is a temporary life insurance policy that only provides a death benefit, should the policyholder pass away within the given term. Permanent, whole life insurance provides not only a guaranteed death benefit as long as the policy premiums are paid, but also provides cash value building, much like an investment account. (2). Because permanent, whole life insurance also builds cash value, churches can utilize the cash value account immediately. Term life does not provide cash value and thus, the only benefit the church may receive is upon the death of that member providing the policy. Should the member pass away after the term of the policy, the church receives no benefit.
Yes, we can do this! Please contact firstname.lastname@example.org to make it happen.