FAQs
What kind of insurance plan is this?
This is a whole life insurance plan that provides up to $10,000 of coverage without a medical exam. Rates are based on your age when the policy begins and won’t increase as you get older. Plus you get an additional $5,000 of common carrier accidental death coverage.
Why do I need this type of insurance?
If you’re worried about the cost of life insurance when you get older, buying simplified whole life coverage now can help ensure your family is protected in the future.
How much life insurance can I apply for today?
You can choose the level of coverage you need from $3,000, $5,000, $7,000 or $10,000. Whatever level of coverage you choose, you also get an additional $5,000 common carrier accidental death coverage.
How much coverage do I need?
Start by figuring out how much income your family would need to live on without you. Our calculator tool can help you determine the amount of coverage you need to protect your family.
Can my spouse apply too?
Yes. Not only can you begin the application process online, but your spouse (if age 45-79) can begin the application process, too.
Is there a Free Look Period on this coverage?
We want you to be confident you've made the right decision. When your arrives, you'll have 30 days (31 in South Carolina) to review it in detail. If you're not totally satisfied that the coverage meets your needs, simply return your within 30 days (31 in South Carolina) of receiving it for a full refund of premiums paid.
Do I have to take a medical exam?
No. A medical exam is not required. Acceptance is based upon information you provide.
What happens if I change jobs or retire while covered?
As long as the premiums are paid, the plan provides continuous coverage even if you change jobs or retire. You own the coverage and can take it with you.
Does this simplified whole life insurance plan build cash value?
Yes. The plan starts building cash value in the fifth year. Over time, the cash value in your “account” can be used to borrow against or to surrender the for cash at a later date.
Policy Form: GC409 series. Not available in all states.