Silver Premier Choice Plans

Two products to fit individual needs

PREFERRED

GRADED

Product Description

Individual simplified issue whole life insurance with a level death benefit and level premiums to age 121.

Individual simplified issue whole life insurance with a graded death benefit and level premiums to age 121.

Market

Seniors with the need for a moderate amount of insurance to cover final expenses.

Seniors with certain health histories in need of a moderate amount of insurance to cover final expenses.

Issue Age

50 – 85

(Not available for M/F Tobacco Smokers over age 80)

50 – 85

(Not available for M/F Tobacco Smokers over age 80)

Min Face Amount

$5,000

(Min Face is $2,000 for increases.  Sold as a separate policy.)

$5,000

(Min Face is $2,000 for increases.  Sold as a separate policy.)

Max Face Amount

$25,000

$25,000

Death Benefit

Level Death Benefit

2-year Graded Death Benefit

 
Death Benefit Description

Full Death Benefit day one

Year 1:  Death Benefit equals 30% of selected benefit amount

Year 2:  Death Benefit equals 70% of selected benefit amount

Year 3:  Death Benefit equals 100% of selected benefit amount

Death Benefit equals 100% for accidental death in any year.

Policy Fee

Non Tobacco Smoker/Tobacco Smoker

Male/Female

Application Statement of Health

Point of Sale Telephone Interview

MIB Check

Height and weight restrictions apply.

Monthly Bank draft or Credit Card draft

Direct Bill – Annual, Semi-annual, Quarterly, Monthly (with home office approval)

Emergency Death Benefit: $15,000 or 50% of face, whichever is less within 24hrs of reported claim.

(Not applicable during initial 2 year contestability period)

Extended Term Insurance

Paid Up Insurance

Automatic Premium Loan