Whole Life Two Year Graded Insurance
|
A Final Expense Plan
|
- Guaranteed Premium Payments
- Guaranteed Cash Values
- Guaranteed Death Benefits
- Issue Ages: 18 through 80
- Minimum Face Amount $2,500
- Maximum Face Amount $25,000
- Guaranteed Premiums for Insured's Lifetime
- Guaranteed Cash Values
- Guaranteed Death Benefits
- Simplified Underwriting
|
|
Graded Life is a two year graded death benefit whole life product. If death occurs in the
first policy year 25% of the ultimate death benefit is payable and 50% of the ultimate amount is payable in the second
policy year. There is no reduction and the full ultimate amount is payable if death is accidental.
|
|
|
Eligibility
|
|
Determined by Five Medical Questions
|
|
|
Death Benefit overview
|
|
|
Grade
|
Natural Causes
|
- or -
|
Accidental
|
|
Year 1
|
25% of Face Amount
|
|
100%
|
|
|
Year 2
|
50% of Face Amount
|
|
100%
|
|
|
Year 3+
|
100% of Face Amount
|
|
100%
|
|
|
|
|
|
|
|
|
|
|
Whole Life Commission Examples
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
