LIFE-STYLE® Final Expense

Three Plan types are available:


  • Simplified Issue

  • Graded Death Benefit

  • Modified Benefit

  •  

LIFE-STYLE® Final Expense New

115% Commission


A small face amount product available to applicants ages 50 - 85 with simplified issue underwriting. The SIWL product is an immediate death benefit plan. An Accidental Death Benefit rider and a Child Insurance rider are available.

 

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Benefits Per Age Group

Issue Age: 50 - 85 50 - 70 50 - 80 81 - 85
Minimum face amount $3,000 $3,000 $3,000
Maximum face amount $35,000 $35,000 $10,000
Premium Payment Period Options 10 Pay / 20 Pay1 / Life 10 Pay / Life 10 Pay / Life

120 Pay - Only Available for age group 50-70

Benefit Description The SIWL, Level Death Benefit plan, pays the face amount while the policy is in force. Subject to policy provisions
Premium Mode Policy Fee
  • Annual $30
  • Semi-Annual $15 (add $1.00 collection fee)
  • Monthly EFT $2.50
Underwriting Classes
Male Female
Standard Non-Tobacco Standard Non-Tobacco
Standard Tobacco Standard Tobacco
Guarantees Level Premiums / Level Death Benefits / Cash Values
Accidental Death Benefit Rider pays a death benefit in addition to the base policy if death is caused by an accident, subject to policy provisions.

     

  • Issue Age: 50-60
  • Benefit terminates at attained age 70
Child Insurance Rider Rider pays a $5,000 death benefit on eligible children

     

  • Issue Age: 15 days - 17
  • Issue Age: 50-60
  • Premium $15 per child, per year (or $1.32 per month)
  • Available on SIWL base policies of $5,000 and over
  • Proposed Insured Child must reside with Proposed Insured (Proposed Insured: Parents or Grandparents)
  • NOTE: Foster parents may not purchase insurance on foster children.
  • Insurable Interest regulations apply
  • Rider terminates when Primary Insured dies
  • Eligible for conversion on the Child's 25th birthday. Converted to $25,000 Simplified Issue Whole Life Insurance Policy with level death benefits.
  • Other restrictions may apply and vary by state

 

Benefits Per Age Group

Issue Age: 50 - 85 50 - 80 81 - 85
Minimum face amount $3,000 $3,000
Maximum face amount $25,000 $10,000
Premium Payment Period Options Life Life
Benefit Description
Benefit Grade per year
Year Natural Cause of Death ADB
Year 1 30% of ultimate face amount 100%
Year 2 70% of ultimate face amount 100%
Year 3 100% of ultimate face amount 0%

 Accidental Death Benefit (ADB)

  • ADB included in GDB plan
  • Death Benefit: 100% for Years 1-2
  • Death Benefit: NONE for Years 3+
Premium Mode
Policy Fee
  • Annual $30
  • Semi-Annual $15 (add $1.00 collection fee)
  • Monthly EFT $2.50
Underwriting Classes
Male Female
Standard Non-Tobacco Standard Non-Tobacco
Standard Non-Tobacco Standard Non-Tobacco
Guarantees

 Level Premiums / Level Death Benefits / Cash Values


 

Benefits Per Age Group

Issue Age: 50 - 85 50 - 85
Minimum face amount $3,000
Maximum face amount $10,000
Premium Payment Period Options Life
Benefit Description
Benefit Grade per year
Year Natural Cause of Death ADB
Year 1 Return of Premium + 10% 100%
Year 2 Return of Premium + 10% 100%
Year 3 100% of ultimate face amount 0%

 Accidental Death Benefit (ADB)

  • ADB included in MBWL plan
  • Death Benefit: 100% for Years 1-2
  • Death Benefit: NONE for Years 3+
Premium Mode
Policy Fee
  • Annual $30
  • Semi-Annual $15 (add $1.00 collection fee)
  • Monthly EFT $2.50
Underwriting Classes
Male Female
Standard Non-Tobacco Standard Non-Tobacco
Standard Non-Tobacco Standard Non-Tobacco
Guarantees

 Level Premiums / Level Death Benefits / Cash Values

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Contact North Coast Life Insurance Company for complete details


 

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