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Product Highlights: |
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| LEVEL Benefit Whole Life - I L601 | |
| Non-participating whole life insurance policy with level, guaranteed premiums through maturity at age 121. This policy provides the full death benefit from the first day the policy is issued. To be considered for the Level Death Benefit plan, all questions on the application must be answered “no.” | |
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Issue Ages: |
0 through 80, Age last birthday (Applicant must be a least six months old.) |
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Issue Limits: |
Face
Amounts $10,000 - $50,000 Ages 0-14: Male/Female – Select Non-Tobacco Ages 15-19: Male/Female – Select Non-Tobacco, Tobacco
Face
Amounts $5,000 - $50,000
Face
Amounts $5,000-$25,000 |
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Policy Fee: |
$25, Commissionable |
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Premiums: |
Level, guaranteed and based on issue class, gender, and issue age (last birthday). |
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Payment Modes: |
Annual, semi-annual, quarterly, monthly bank draft, and list bill |
| GRADED Benefit Whole Life - I L602 | |
| Non-participating whole life insurance policy with level, guaranteed premiums through maturity at age 121. The Graded Death Benefit plan has a reduced death benefit for the first two years the policy is in force. If death due to natural causes occurs during the first year of coverage, the benefit is limited to 40% of the face amount. If death due to natural causes occurs during the second year of coverage, the benefit is limited to 75% of the face amount. After the second year, the full face amount of the policy is payable. | |
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Issue Ages: |
40 through 80 Age Last Birthday |
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Issue Limits: |
Face
Amounts $5,000 - $35,000 Ages 40-65: Male/Female – Select Non-Tobacco, Tobacco
Face
Amounts $5,000 - $25,000 |
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Policy Fee: |
$25, Commissionable |
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Premiums: |
Level, guaranteed and based on issue class, gender, and issue age (last birthday). |
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Payment Modes: |
Annual, semi-annual, quarterly, monthly bank draft, and list bill |
| MODIFIED Benefit Whole Life - I L603 | |
| Non-participating whole life insurance policy with level, guaranteed premiums through maturity at age 121. The Modified Death Benefit plan has a reduced death benefit for the first two years of coverage. For death due to natural causes, the benefit is limited to 110% of the annual premium amount in year one of coverage and 220% return of the annual premium amount in year two of coverage. After the second year, the full face amount of the policy is payable. | |
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Issue Ages: |
40 through 80, Age last birthday |
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Issue Limits: |
Face
Amounts $5,000 - $25,000 Ages 40-80: Male/Female – Select Non-Tobacco, Tobacco |
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Policy Fee: |
$25, Commissionable |
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Premiums: |
Level, guaranteed and based on issue class, gender, and issue age (last birthday). |
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Payment Modes: |
Annual, semi-annual, quarterly, list bill, monthly automatic bank withdrawal and credit card (recurring only) |
