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Simplified Whole Life Is permanent whole life insurance coverage for people 50-75 years of age. Simplified whole life distinguishes itself from traditional life insurance by the fact that there is no medical examination. This insurance coverage is designed for people who want to upgrade and add additional life insurance to existing policies that may be inadequate; or for people who don't have coverage or lost it. People with existing medical conditions who would normally be declined through traditional life insurance companies are ideal candidates for this coverage. Simplified whole life is an excellent option for people who want a burial fund to cover expenses and can't qualify medically with traditional life plans.
Important Features
- Coverage up to $25,000 (minimum face value $2,000)
- Immediate death benefit
- Premium payments never go up
- Benefits never decrease
- Builds cash and loan value
- Permanent whole life insurance coverage
Reasons People Acquire Whole Life Insurance
- To pay for funeral expenses
- To leave an income tax free inheritance for loved ones
- To pay outstanding debts
- To leave as a charitable contribution
- To provide a sense of security
For more information, please check this product when you contact
us.
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