| Level Benefit Plan: |
• Death Benefit: 100%
• Issue Ages: 45-85
• Face Amounts: $2,000 – $40,000 (in WA, $25,000 – $40,000)
• Underwriting Classes: Standard Tobacco/Nontobacco
• Underwriting: MIB, pharmaceutical check, random phone interviewsAdditional Benefits – Level Benefit Plan Only
Accelerated Death Benefit for Terminal Illness or Nursing Home
Confinement Rider* (not available in New York)
Allows the owner a one-time election to receive the Accelerated Benefit
if the insured is either: (a) diagnosed as having a terminal illness that,
with a reasonable degree of certainty, will result in the insured’s death
within 12 months or less from the date a physician signs the statement
of proof of terminal illness, (b) has been confined to a nursing home for
90 consecutive days or more and is expected to remain confined in a
nursing home for the duration of the insured’s life; in FL, or (c) certified
by a physician that the insured is unable to perform (without substantial
assistance from another person) at least two activities of daily living due
to a chronic illness.* Accelerated Death Benefit for Terminal Illness or Chronic Illness Rider in FL;
Accelerated Death Benefit for Terminal Illness Rider in CT.Optional: Accidental Death Benefit Rider
This Rider provides an additional death benefit equal to the policy’s face
amount if the death of the insured results from accidental bodily injury
and independently of sickness and all other causes. |
Graded Benefit Plan:*
*not available in AR, MT, NC, or WA |
• Death Benefit: This policy contains a graded benefit meaning that for
death due to natural causes (any cause other than accidental) during
the first two years, the beneficiary will receive all premiums paid plus
10 percent. After the two years, the full benefit is paid for death due
to all causes. Full death benefits will be paid, in all years, if death
results from an accidental bodily injury.
• Issue Ages: 45-80 (in NY, 50-75)
• Face Amounts: $2,000 − $20,000
• Underwriting Class: Standard (no tobacco distinction)
• Underwriting Requirements: MIB, pharmaceutical check, random
phone interviews
*not available in AR, MT, NC or WA |
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