Life Insurance for Those Impaired Risk & Declined Cases!
●Plan I Level Death Benefit Issued Thru Table 6
●Plan II Graded Death Benefit for those Declined & Hard to Issue
●10-Year Term, 20-Year Term & Whole Life
●No Medical Exams, No APS & No Testing
●Face Amounts up to $100,000
●Accept/Reject...No Waiting & No Processing Delays
●Issued Ages 20-80
Plans of Insurance
10-Year Term
Issued Ages 20-65
20-Year Term
Issued Ages 20-55
Whole Life
Issued Ages 20-75 (Plan I Level Death Benefit)
Issued Ages 20-80 (Plan II Graded Death Benefit)
●At year 11, the 10-Year Term premiums will remain level for the life of the policy and the policy will continue as Decreasing Term to Age 95.
●At year 21, Plan I 20-Year Term premiums will remain level for the life of the policy and the policy will continue as Decreasing Term to Age 95.
●At year 21, Plan II 20-Year Term face amount will remain level and the premiums will increase annually.
●10 & 20 Year Term policies are convertible to a level premium whole life policy which must be available at that time and have a higher minimum premium rate than the policy at the time of conversion.
Plan I Level Death Benefit Maximum Issue Limits
Level Death Benefit 10-Year Term
Issued Ages 20-65
$100,000
Level Death Benefit 20-Year Term
Issue Ages 20-55
$100,000
Level Death Benefit Whole Life
Issue Ages 20-65
$100,000
66-70
$50,000
71-75
$25,000
Plan I Minimum Issue Limits Term & Whole Life
$300 Annual Premium (All Modes)
Plan II Graded Death Benefit
The death benefit in the first three policy years is less than the full amount applied for. The first year death benefit is equal to the amount shown in the death benefit table. In years two and three the death benefit increases ("grades") until in the fourth year it equals the full amount. (If the insured dies from natural causes in the first year, full commission will be charged back).
If death occurs because of accident during the first three years, the full face amount of the policy will be paid (Not applicable in Arkansas).
Plan II Graded Death Benefit Maximum Issue Limits
Level Death Benefit 10-Year Term
Issued Ages 20-65
$100,000
66-70
$50,000
Level Death Benefit 20-Year Term
Issue Ages 20-55
$100,000
Level Death Benefit Whole Life
Issue Ages 20-65
$100,000
66-70
$50,000
71-80
$25,000
Plan II Minimum Issue Limits Term & Whole Life
$300 Annual Premium (All Modes)
Accelerated Benefit Rider (Plans I & II)
Allows the owner to accelerate up to 75% of the death benefit of the policy if the insured, as diagnosed by a physician, has a life expectancy of six months or less, or is confined in a nursing home for the rest of his/her life. Added to policies at no cost to the insured. (Not available in all states).
Guarantee Trust Life Insurance Company
Simplified Issue Life I & II plans are underwritten by Guarantee Trust Life Insurance Company (GTL). Founded in 1936, GTL has a proud heritage of providing excellent service and superior insurance products for more than seventy five years.
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