Underwriting
Requirements:
-
5 minute online quote &
application - the online system will qualify you for what
plan (preferred, standard, graded, none) you are eligible to receive
based on your input into the online quote/application engine.
-
No Medical Exam
-
Ages 76 and over - telephone
interview
Level Premiums for life:
Whole life insurance
(sometimes called straight life or permanent life) - provides protection
for your entire life at guaranteed level premiums (qualified eligible
applicants). GTL offers three plans (preferred, standard, graded) based on demographics and
health history.
Coverage that last your
whole life:
It is important that you insure
your insurability. Many people think about life
insurance when it is too late and they already have been diagnosed with
a medical condition that makes them uninsurable. So, it is
important to lock in permanent life insurance that will be there for
your entire life. Term is cheap but it is designed to last only a
specific time in your life.
Whole life builds cash values:
A portion of the money you pay into your whole life
policy accumulates as guaranteed cash values. If you choose to surrender
the policy, these guaranteed cash values would be available to you. Or,
as long as the policy is in force, you may borrow against them as a
policy loan at the current policy loan interest rate.
The amount of your guaranteed cash value depends on the kind of whole
life policy you have, its size and how long you have had it. The growth
in cash values is tax deferred under current federal income tax law.
Term insurance does not provide cash values.
Older Individuals
are able to get coverage:
The Simple Whole Life plan is available from 6 months all
the way up to 85 years of age. This plan has great flexibility to
meet age and health history requirements. Also, when applying for
coverage you will not have to take a medical exam or have any
blood work examined. Simple Whole Life was designed to be a
simple, fast, and affordable way to secure life insurance.