Final Expense: Simplified Issue Whole Life Plan
A Simplified Issue Whole Life Plan is designed to help with final expenses and more. It can provide affordable protection that pays benefits directly to the person you choose to take care or your outstanding medical bills, unexpected expenses or debt that you leave behind. Having a whole life insurance policy in place can be a very loving and considerate thing to do for your loved ones.
PROTECTION
Protect your loved ones from the added stress these expenses create by planning ahead with Simplified Issue Whole Life Plan.
GUARANTEED LEVEL PREMIUMS
Your premiums are guaranteed for life and do not increase regardless of your age or health.
GUARANTEED DEATH BENEFIT
Your face amount will never decrease regardless of your age or health. At death, 100% of the death benefit is paid to the beneficiary you name (less any loans you may have outstanding).
GUARANTEED NON-CANCELABLE POLICY
Coverage under this policy can never be canceled as long as scheduled premium payments are made.
AFFORDABLE PREMIUMS
You choose the amount of coverage that suits both your needs and your budget. If all application questions are answered “NO”, you may be eligible for a death benefit of $2,000 - $40,000. A “YES” answer may allow you to be issued a “Graded Death Benefit” policy of $2,000 - $20,000.
100% ACCELERATED LIVING BENEFIT
Benefits may be accelerated if the insured is diagnosed with a terminal illness that with reasonable medical certainty will result in the death of the Insured in 12 months or less.
NURSING HOME CONFINEMENT
Benefits may also be accelerated if the Insured is confined continuously to a Qualified Nursing Home, with confinement expected to continue until the Insured’s death. Nursing Home confinement must begin after the effective date of this policy.
CONVENIENT BILLING
You have a variety of payment options from which to choose to make paying your premiums easy and convenient. Select either: annual, semi-annual, quarterly, or monthly automatic deduction directly from your checking or savings account. The choice is yours!
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