Bi-Weekly Benefit Plan

The Bi-Weekly Benefit Plan can give you peace of mind knowing your family and home will be protected if the unthinkable happens. This unique program uses a bi-weekly payment structure to fund a universal life insurance policy and pay your mortgage at the same time.


Benefits of the Bi-Weekly Benefit Plan:

• Minimizes the number of bills you pay by combining your mortgage payment and life insurance payment.
• Payments coincide with a bi-weekly pay schedule for convenient budgeting.
• Works with any mortgage loan. No refinancing, re-qualifying, credit checks or closing costs are necessary.
• Provides the opportunity to accumulate cash value in your life insurance policy. Cash value can be used for many purposes, including paying your mortgage faster.*
• Protect the financial security of your loved ones with a life insurance policy. (Your beneficiary will receive an income tax-free** benefit in the event of your death.)

• 2011 NMB Bi-Weekly Draft Schedule
• If you need to make changes to your bi-weekly draft, please download, fill out and print the NMB Bi-Weekly Notification of Change Agreement / Authorization form.

For more information about our products contact our Home Office or find your local sales office.

* Cash values can be accessed through loans and/or withdrawals, but these will reduce the death benefit. In addition, withdrawals from some policies may be subject to surrender charges and could have a permanent effect on the cash value and death benefit.

** According to current tax laws, IRC Sections 101 & 7702. For Minnesota residents, Minnesota Statutes Section 290.01, Subd. 19.

Policy Form 0108 and Form 1308. Not available in all states.

National Mutual Benefit is authorized to conduct business in 11 states: Arizona, Colorado, Illinois, Iowa, Michigan, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin and Wyoming. Products issued by National Mutual Benefit are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states.

Guarantees are backed by the financial strength and claims paying ability of National Mutual Benefit.