Life - Life Insurance
Articles of Incorporation establishing The Lafayette Life
Insurance Company as a mutual company were filed on December
26, 1905. On Lafayette Life's 95th anniversary, the company
became a stock life insurance company subsidiary of the Lafayette
Life MIHC, Inc. as part of a reorganization to a mutual insurance
holding company structure.
heart of the Articles of Incorporation has been a deep altruistic
philosophy. That philosophy was graphically illustrated after
World War I when the Company ordered all war claims reopened.
Beneficiaries were paid the face amount of their policies,
in spite of the fact that benefits for death in the military
during time of war were specifically excluded in most early
the Great Depression insurance companies across the nation
were besieged with requests for policy loans to prevent bank
foreclosures on real estate holdings. At the same time that
loans were in demand, premium payments were neglected. Because
The Lafayette Life had maintained its original goal of a solid
financial position, the Company was able to meet all requests
for policy loans. In addition, the Company enabled policy
owners to keep their policies in effect with a payment of
only $1.00 per thousand each month. While countless banks
suffered tremendous losses and many collapsed, The Lafayette
Life came through the Great Depression without borrowing a
dollar or sacrificing an investment.
World War II, the now stable economy, the postwar boom in
creativity, and, most tangibly, the progressive and enthusiastic
leadership of the postwar period, began a period of unprecedented
growth. In 1946, The Lafayette Life had $50 million of insurance
in force; by 1960, it had quadrupled to $200 million; and,
by the early 70s, the Company had reached the milestone of
one billion dollars. Today, The Lafayette Life has almost
$20 billion of life insurance in force and assets well in
excess of $1 billion.
Lafayette Life Insurance Company is based in Lafayette, Indiana,
and markets a portfolio of traditional, group and pension
products in 48 states, and the District of Columbia.
The Lafayette Life Mission Statement
maintain The Lafayette Life as a financially sound, quality
driven, growth oriented company, dedicated to exceeding its
customers requirements for life insurance and related
financial service and to distribute its products to well-defined
U.S. market segments.
Insurance and Annuity Products
Life Insurance Company has a complete line of life insurance
and annuity products to meet most every need. In addition,
there are specialized riders that may be combined with your
policy to provide a customized package best suited to your
personal objectives. The following information provides a
brief description of Lafayette Life's products and what they
were designed to do. You can find more information on a particular
product from your Lafayette Life agent.
Classic Series of Whole Life Insurance
These policies provide permanent insurance, with level death
benefits to age 100. Each participates in policy dividends*,
and offers death benefit protection that is guaranteed to
stay in place as long as you pay the scheduled premium without
accessing the policy cash values. Lafayette Life have three
different whole life insurance polices, each with different
features and benefits.
Millennium Series of Universal Life Insurance
These life insurance policies are designed to provide flexibility
in premiums and death benefits, with access to current policy
values. Lafayette Life have several different universal life
policies, each designed to meet a different need.
Marquis Series of Equity-Indexed Life and Annuity Products
Lafayette Life Marquis product line is designed to offer the
opportunity to participate in interest crediting based in
part on the Standard and Poors 500 Composite Stock Index.
These policies provide the possibility of a greater interest
crediting than fixed-interest crediting, while still offering
minimum guaranteed values and a minimum guaranteed interest
rate and the benefits associated with traditional insurance
products. The S&P 500 Index does not reflect dividends
paid by the S&P 500 companies. The annuities are used
primarily for long term cash accumulation and retirement income,
and the life insurance can provide a substantial death benefit.
There are three products in the Marquis product line.
Series of Term Life Products
Term insurance is designed to provide low cost, temporary
death benefit coverage to meet a variety of needs. It has
a limited policy length and no cash value accumulations. Lafayette
Life have several term insurance plans to meet your needs.
Horizon Series of Fixed Annuities
Lafayette Lifes portfolio of traditional fixed-interest
annuity products are designed to provide a flexible and easy
method of accumulating funds to meet your long-term needs,
and to offer several distribution options for you to consider.
Interest is credited on a regular basis and funds may be available
at any time, subject to possible withdrawal charges, income
taxes and penalties.
P.O. Box 7007,