How simple is Simplified Issue Whole Life? Super simple! We are so excited, because Western has made applying for life insurance so much easier! All you need to do is answer seven health questions and wait a short time to see if you are accepted. Of course, you need to tell the truth, the whole truth, and nothing but the truth. You won’t need a medical exam, doctor’s records, or a lab test. This is why it’s called “simplified issue.”
Don’t let the name overwhelm you - this is just simply a new permanent life plan with an easy application. Permanent plans last your whole life, as long as you pay your premiums, and the premiums never increase. There is a limit on the face amount, which as we learned before is the amount beneficiaries receive if an insured dies. The face amounts with this application are $5,000 - $24,999. Additionally, this plan does not pay dividends.
You have four choices to pay for this plan:
Do you know someone who might be interested in this type of insurance? Give your agent a call today!
Answers from the March pop quiz:
What is the original face amount Courtney purchased? $65,000
What is Courtney’s current face amount? $68,755
What option let her buy more insurance? The dividend option. Specifically, the option used to purchase additional life insurance.
ACS, FLMI, Member Programs Assistant
Call 877-935-2467 to speak with a Western Fraternal Life Representative.