Western Fraternal Life :: How Simple is Simplified Issue Whole Life?

How Simple is Simplified Issue Whole Life?

Apr 01, 2016

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:

  • Pay one premium
  • Pay premiums over 10 years
  • Pay premiums over 20 years
  • Pay premiums over a lifetime

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.



Tags:
Category: insurance

Shannon Daugherty

ACS, FLMI, Member Programs Assistant


Learning About Vision 20

After 20 years, the term part of the policy ends. The permanent part of the policy remains with $25,000 of paid up whole life…

Let’s Talk About Conversion!

When it comes to life insurance, what is a conversion? Many times, you can take a term life insurance policy and change or…

Learn about Western's Funeral Expense Trust

Western Fraternal Life offers a Funeral Expense Trust which allows members to set funds aside for their final expenses. There…

Call 877-935-2467 to speak with a Western Fraternal Life Representative.