Simplified Issue Life Insurance I & II
| |
|
| |
Life Insurance
for Those Impaired Risk & Declined Cases! |
|
|
|
|
| |
● |
Plan I Level Death Benefit Issued Thru Table 6 |
|
● |
Plan II Graded Death Benefit for those Declined & Hard to Issue |
| |
● |
10-Year Term, 20-Year Term & Whole Life |
| |
● |
No Medical Exams, No APS & No Testing |
| |
● |
Face Amounts up to $100,000 |
| |
● |
Accept/Reject...No Waiting & No Processing |
| |
● |
Issued Ages
20-80 |
| |
|
| |
|
| |
Plans of
Insurance |
| |
|
| 10-Year Term |
Issued Ages 20-65 |
|
| |
|
| 20-Year Term |
Issued Ages 20-55 |
|
| |
|
| Whole Life |
Issued Ages 20-75 (Plan I Level Death Benefit) |
| |
Issued Ages 20-80 (Plan II Graded Death Benefit) |
|
| |
|
| ● |
At year 11, the 10-Year Term
premiums will remain level for the life of the
policy and the policy will continue as Decreasing
Term to Age 95. |
| ● |
At year 21, Plan I 20-Year Term
premiums will remain level for the life of the
policy and the policy will continue as Decreasing
Term to Age 95. |
| ● |
At year 21, Plan II 20-Year Term
face amount will remain level and the premiums will
increase annually. |
| ● |
10 & 20 Year Term policies are
convertible to a level premium whole life policy
which must be available at that time and have a
higher minimum premium rate than the policy at the
time of conversion. |
|
| |
|
| |
Plan
I
Level Death Benefit Maximum Issue Limits |
| |
|
| Level Death Benefit 10-Year
Term |
Issued
Ages 20-65 |
|
$100,000 |
| |
|
|
|
| Level Death Benefit 20-Year
Term |
Issue
Ages 20-55 |
|
$100,000 |
| |
|
|
|
| Level Death Benefit Whole
Life |
Issue
Ages 20-65 |
|
$100,000 |
| |
66-70 |
|
$50,000 |
| |
|
|
|
|
| |
Plan
I
Minimum Issue Limits Term & Whole Life |
| |
|
| $300 Annual Premium (All
Modes) |
|
|
|
| |
|
|
|
|
|
|
Plan II Graded Death Benefit |
| |
|
| The death benefit in the first three
policy years is less than the full amount applied
for. The first year death benefit is equal to the
amount shown in the death benefit table. In years
two and three the death benefit increases ("grades")
until in the fourth year it equals the full amount.
(If the insured dies from natural causes in the
first year, full commission will be charged back). |
| |
|
|
|
| If death occurs because of accident
during the first three years, the full face amount
of the policy will be paid (Not applicable in
Arkansas). |
|
| |
|
| |
|
|
|
|
Plan
II Graded Death Benefit Maximum Issue Limits |
| |
|
| Level Death Benefit 10-Year
Term |
Issued
Ages 20-65 |
|
$100,000 |
| |
66-70 |
|
$50,000 |
| |
|
|
|
| Level Death Benefit 20-Year
Term |
Issue
Ages 20-55 |
|
$100,000 |
| |
|
|
|
| Level Death Benefit Whole
Life |
Issue
Ages 20-65 |
|
$100,000 |
| |
66-70 |
|
$50,000 |
| |
71+ |
|
$25,000 |
| |
|
|
|
|
|
|
Plan
II
Minimum Issue Limits Term & Whole Life |
| |
|
| $300 Annual Premium (All
Modes) |
|
|
|
| |
|
|
|
| |
|
|
|
|
| |
|
| |
Accelerated Benefit Rider (Plans I & II) |
| |
Allows the owner to
accelerate up to 75% of the death benefit of the policy if
the insured, as diagnosed by a physician, has a life
expectancy of six months or less, or is confined in a
nursing home for the rest of his/her life. Added to policies
at no cost to the insured. (Not available in all states). |
| |
|
| |
Guarantee Trust Life Insurance Company |
| |
Simplified Issue Life I & II plans are underwritten
by Guarantee Trust Life Insurance Company (GTL). Founded in 1936,
GTL has a proud heritage of providing excellent service and superior
insurance products for more than seventy years. |
