Our 20-year tax deferred annuity allows any applicant to pay a lump sum
payment or an installment of payments and is usually used to fund a
pre-paid funeral contract. The policy grows at an annual interest
rate of 4% per year. (Policies issued before 1/1/02 are subject to
different terms)
The policy is designed for persons who are
pre-arranging for their funeral needs and/or for persons desiring a tax
shelter.
There is no maximum eligibility age for this policy.
Memorial Insurance Company of America is
a legal reserve whole life insurance company licensed to do business in
the State of Arkansas only.
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