Whole Life Simplified Issue
If you are looking for a policy with minimum requirements and no medical examination, this product is for you. The policy offers cash values and guaranteed level premiums for life. At age 100 the benefit will automatically be paid. In addition, as there is no waiting period, the full benefit is payable from the first day of coverage.
This policy has the following coverage options:
- From $ 7.500 to $ 25,000 for ages from 0 to 50 years old
- From $ 5,000 to $ 35,000 for ages from 51 to 65 years old
- From $ 2,500 to $ 15,000 for ages from 66 to 85 years old
This policy accumulates cash values at an annual rate of 5.75%. These values allow you to:
- Receive cash from the accumulated values if you decide to cancel the policy.
- Obtain loans, guaranteed by the accumulated values, at an annual rate of 8%.
- Maintain coverage even if you stop paying premiums with the reduced paid up option.
