Polish Falcons of America

One of our primary purposes is to provide affordable life insurance to protect all family members. Polish Falcons issues plans of life insurance in amounts starting at $1,000 (if the initial premium is $300 or more). Our modern and economical life insurance plans are designed for adults as well as children.

Click any of the links below to learn about any one of our plans.

PERMANENT INSURANCE
Single Premium Whole Life Plan
5-Pay Life Plan
20-Pay Life Plan
Ordinary Whole Life Plan

TERM INSURANCE
Yearly Renewable Term
10-Year Renewable Term
20-Year Convertible Term

INSURANCE PLANS FOR CHILDREN
Juvenile Level Term Plan (Single Premium)
Juvenile Level Term Plan (Annual Premium)
Life And Education Plan
Coverdell Education Savings Account (C-ESA)

MISCELLANOUS
To Request An Insurance Application Form
Get Information On PFA Annuities
Find a PFA Agent In Your Area

PERMANENT INSURANCE
All permanent life insurance plans issued by the Polish Falcons of America are eligible for dividends.

With dividends from these plans, you have one of the following options:

• Have your dividend paid in cash directly to you on an annual basis.
• Use your dividends to purchase additional paid-up life insurance.
• Allow your dividends to accumulate with interest at the Polish Falcons of America.

Single Premium Whole Life Plan
With this whole life plan, the premium is paid in one lump sum at the time of application. In some cases, the initial premium may be higher than other ordinary life plans, but the longer the certificate remains in force, the more economical it becomes. This plan provides a fully paid certificate at a great savings and paid-up national dues for the life of the certificate holder whether the member is signed up as a juvenile or adult.

5-Pay Life Plan
With this whole life plan, premiums are paid for 5 years. After 5 years, the certificate is paid-up and will remain in force for the life of the certificate holder. Premiums for the 5-Pay Life plan are higher than for the ordinary life insurance plan, since the premium payments are condensed over a shorter period of time, but the cash value accumulates more quickly than the ordinary whole life plan. Rates are “banded”, which means that a person purchasing larger amounts of insurance will pay less premium for every $1,000.00 of insurance.

20-Pay Life Plan
With this whole life plan, premiums are paid for 20 years. After 20 years, the policy is paid-up will remain in force for the life of the certificate holder. Premiums for the 20-Pay Life plan are higher than for the ordinary life insurance plan, since the premium payments are condensed over a shorter period of time, but the cash value accumulates more quickly than the ordinary whole life plan. Rates are “banded”, which means that a person purchasing larger amounts of insurance will pay less premium for every $1,000.00 of insurance. Younger applicants applying for $5,000 or more should be encouraged to consider $10,000 or more of insurance. The 20-Year Convertible Term Plan is available as a rider to the 20-Pay Life plan. Certain conditions apply. Contact Headquarters or your Sales Representative for details.

Ordinary Whole Life Plan
This is the Falcons’ lowest premium permanent life insurance plan. Ordinary life insurance or whole life insurance is the most common type of permanent or “cash value” insurance. It provides you with the certainty of a guaranteed amount of death benefit, a guaranteed rate of return on your cash values and a level premium that is guaranteed to never increase for life. Rates are “banded”, which means that a person purchasing larger amounts of insurance will pay less premium for every $1,000.00 of insurance. Younger applicants applying for $5,000 or more should be encouraged to consider $10,000 or more of insurance. The 20-Year Convertible Term Plan is available as a rider to the 20-Pay Life plan. Certain conditions apply. Contact H eadquarters or your Sales Representative for details.

TERM INSURANCE
Yearly Renewable Term
Excellent insurance protection for short-term needs. The Yearly Renewable Term Plan is a one-year level term plan that can be issued to persons from age 16 to 65 and can be renewed up to age 75. The Yearly Renewable Term plan can be converted to a permanent plan of insurance.

10-Year Renewable Term
An advantage of the PFA 10-Year Renewable Term Plan over most commercial insurance companies is that the contract is renewed for consecutive 10-year periods. The 10-Year Term Plan can be issued to persons from age 16 to 65 and is renewable for consecutive 10-year periods up to age 75. Benefits expire at age 75, thus at ages 66 through 74, the 10-Year Term Plan renewal period is less than 10 years. The 10-Year Renewable Term plan can be converted to a permanent plan of insurance.

20-Year Convertible Term (currently not available in NY)
Excellent protection for mortgage protection, home equity loans or other extended obligations and can help provide much needed protection for families while financial obligations are the greatest. Exceptional coverage for anyone who needs the maximum amount of protection on a budget. This plan is available as a rider to the Ordinary Whole Life Plan and 20-Pay Life Plan. Certain conditions apply. Contact Headquarters or your Sales Representative for details.

Conversions - Polish Falcons of America term certificates are convertible to a permanent plan of insurance at any time before the policy anniversary nearest the insured’s 75th birthday.

INSURANCE PLANS FOR CHILDREN
Juvenile Term
This low-cost life insurance plan is issued to children from age 0 through 15 and provides protection to age 25. There are no cash values, but the certificate earns conversion credits and is convertible to a permanent plan of insurance up to the age of 25. The Juvenile Level Term plan offers two premium options.

• Single Premium Plan – The minimum face amount for the single premium option is $10,000.00. Rates are different for males and females.

• Annual Premium Plan – The minimum face amount for the annual premium option is $15,000.00. Rates are the same for males and females.

Life and Education Plan
This plan combines a Permanent Life insurance certificate with an Annuity. Available to children ages 0 through 15. The plan provides an immediate death benefit for the face amount selected. This means life insurance protection and guaranteed cash values, which continue to grow on a tax-advantaged basis. The education fund, available following your child’s age 18, is an annuity that will provide a cash fund that can be used to pay for books, tuition and living expenses.

Coverdell Education Savings Account (C-ESA)*
A C-ESA is a tax-favored account designed to help families accumulate funds for future education costs. While contributions (limited to $2,000 per beneficiary per year) are not deductible, earnings accumulate tax-deferred and qualified withdrawals are generally tax-free. An account can be established for as little as $300.00. A C-ESA can be established in addition to a PFA Life and Education Plan and contributions for a beneficiary are permitted in the same year in which a contribution is made for the same beneficiary to a qualified tuition program (QTP).

*Information contained in this plan descriptions is intended to serve as a basis for further discussion. The application of some of the concepts may require you to consult with either a tax professional or legal counsel for your individual situation.

INSURANCE APPLICATIONS
To request an insurance application, or for more information about PFA Insurance plans, you can contact our professionally licensed insurance agent. PFA National Sales Director, John Denning, can be reached by phone at 1-800-535-2071 or by e-mail.

PFA ANNUITIES
PFA also offers several annuities that can help you save for retirement. Click the link to find out more!

PFA Agents
To find an agent in your area, click here.

The descriptions of the insurance plans offered by the Polish Falcons of America are not offers of insurance. Certain conditions apply. All plans are not available in all states. Please contact PFA National Headquarters or your Sales Representative for complete details.