"Peace of Mind and Protection You and Your Loved Ones Deserve"
Funeral costs are on the rise. Social Security only pays a death benefit of $255* for a qualified individual. The average funeral cost is estimated to be $7,323.**
5 Benefits of Silver Premier
Benefit # 1 — Strength of Company
5Star Life Insurance Company (5Star Life) rated “A-” (Excellent) by A.M. Best.*** 5Star Life Insurance Company is a related enterprise of Armed Forces Benefit Association (AFBA) which has provided group life insurance for military personnel and their dependents since 1947. 5Star Life insures nearly 517,000 people, both military and civilian, and has over $38.9 billion of insurance in force.
Benefit # 2 — Ease of Issue
Silver Premier allows you to purchase up to $25,000 of Whole Life Insurance without requiring a physical exam or medical records. You are covered to age 121 as long as premiums are current. You can pay your premium monthly by automatic bank draft or credit card. You can purchase Silver Premier anywhere in the United States, except NY and WA.
Benefit # 3 — Policy Guarantees
The policy guarantees your premiums will never go up, guarantees your benefits will never go down regardless of changes to your age or health, and guarantees your policy can never be canceled as long as premiums are current. In addition, there are no war and terrorism exclusions - once the policy is issued, it’s valid worldwide.
Benefit # 4 — 1st Day Coverage
You are fully protected the very first day your coverage goes into effect with no waiting period and only this exclusion: if death should occur due to suicide during the first two years**** the policy is in force, the benefit payable will be equal to premiums paid on the policy less any policy loan and loan interest.
Benefit # 5 — Emergency Death Benefit
Within 24 hours after receiving notice of an insured’s death, an emergency death benefit equal to 50% of the total death benefit will be mailed to the insured’s beneficiary, unless the death is within the two-year contestability period and/or under investigation.
*www.socialsecurity.gov
**From the 2006 National Funeral Directors Association General Price List Survey.
***A.M. Best rating effective 3/5/10. Ratings on a scale of A++ (Excellent) to S (rating suspended).
**** One year in CO, MO, and ND.