Whole Life Two Year Graded
|
|
North Coast Life's Graded Life is a two year graded death benefit whole life product.
If death occurs in the first policy year, 25% of the ultimate death benefit is payable and
50% of the ultimate amount is payable in the second policy year. There is no reduction and
the full ultimate amount is payable if death is accidental.
|
|
|
|
Description of the Two year graded life insurance policy:
|
|
|
|
Issue Ages: 18 through 80
|
|
|
|
Maximum Issue Amount: $25,000 face amount.
|
|
|
|
Minimum Issue Amount: $2,500 face amount and $200 annual premium.*
|
|
|
|
Guaranteed Premiums for Insured's Lifetime
|
|
|
|
Guaranteed Cash Values
|
|
|
|
Guaranteed Death Benefits
|
|
|
|
Simplified Issue
|
|
|
|
Grade
|
Natural Causes - or -
|
Accidental
|
|
Year 1
|
25% of Face
|
100%
|
|
Year 2
|
50% of Face
|
100%
|
|
Year 3+
|
100% of Face
|
100%
|
|
|
|
|
Two year graded life insurance eligibility for insurance is determined by:
|
|
Five Medical Questions asked on the application.
|
|
|
|
Ask a question
|
|
|
|
Other Whole Life Plans
|
|
|
|
* Two year graded life insurance is not available in Washington State or Montana.
|
