Sentences with phrase «graded death benefit product»

And, should we not find any carrier willing to write a traditional policy, we can always turn to a guaranteed - issue, graded death benefit product to fill the gap.

Graded death benefit products are generally used by those who seek final expense insurance or burial insurance.

Graded death benefit products are typically reserved for anyone looking for burial insurance or final expense insurance.

Transamerica offers three graded death benefit products for those looking for burial insurance or final expense insurance.

Not exact matches

Each of which will have their own unique set of features including what is called a «2 year graded death benefit» for their Legacy Whole Life product (if you die in the first 2 years, the policy returns 110 % of the premiums paid).

For instance, for an American, there may be term insurance, permanent insurance, whole life, universal life, long term care insurance, accidental death, critical illness insurance, disability insurance, variable products, graded and modified, guaranteed premiums, living benefits, return of premium, policies for 5,10,20,30, or for life coverage — all very confusing to a potential customer.

These products offer a graded death benefit of 25 % coverage the first year, 50 % coverage the second year, and 100 % of the death benefit the third year.

You can choose this product to come fixed with the death benefit being 100 % of the face value from the start, graded which causes your death benefit to be limited the first two years but you will receive the greater of the sum of the total premium paid with 4.5 % interest of 30 % of the face amount, or you can choose modified which offers a limited death benefit for the first two years based on return of premium paid plus 10 %, after the two years the death benefit is 100 %.

The NWL Rapid Issue, NWL Graded Death Benefit, and the NWL Living Benefit Term life insurance products are simplified underwriting policies, meaning that no medical exam is required for approval.

A graded death benefit means the product does not pay out for two years, accept in the event of an accidental death.So if you die due to natural causes during the first two years of the policy, the company will return your premiums paid.

Regardless of which carrier you ultimately select and purchase a policy through, all guaranteed acceptance products feature a graded death benefit period.

Another of our simplified issue / no exam carriers, Americo's Ultra Protector product offers 3 death benefit types based on answers to application questions — Full death benefit, a 2 year graded benefit, and a 3 year graded benefit.