Examples of Life Products

Single Premium Whole Life (SPWL)

MINIMUM AMOUNT ISSUED

Non-Qualified Only

No Tobacco / Tobacco: $25,000

Preferred: $100,000

ISSUE AGES

• 0 – 85 for Standard underwriting classes

• 18 – 80 for Preferred underwriting classes

RATE CLASSES

• Super Preferred No Tobacco

• Preferred No Tobacco • Preferred Tobacco

• Standard No Tobacco • Standard Tobacco

Only a Standard class if age 0 –17.

POLICY MATURITY: Age 121

Brochure PDF 

Whole Life Insurance 

MINIMUM AMOUNT ISSUED 

Qualified and Non-Qualified No Tobacco/Tobacco: $25,000 

Preferred: $100,000 

ISSUE AGES  

• 0–85 for Standard underwriting classes* 

• 18–80 for Preferred underwriting classes * Qualified: age is 18+. 

RATE CLASSES

• Super Preferred No Tobacco  

• Preferred No Tobacco  • Preferred Tobacco  

• Standard No Tobacco • Standard Tobacco 

Only a Standard class if age 0–17. 

POLICY MATURITY: Age 121 

PREMIUMS: Payable to age 65 or 20 yrs, (longer of) 

Brochure PDF

Issue Ages

• 45–80, age last birthday

Premiums

• $5,000 minimum–$200,000 maximum

• Premiums over $200,000 require Home Office approval

• Single premium only

Risk classifications

• Female/Male

• Tobacco/Non-Tobacco

• Standard – risks up to Table 4

• Substandard – risks Table 5-8

Brochure PDF

 Issue ages:

55 through 80 by age at last birthday Minimum Death Benefit: 

$30,000 Maximum Death Benefit: 

Based on issue age, gender, tobacco class

Free-look Period: 

30-day penalty-free cancellation

Loans: May not exceed cash value of the policy 

Modified Endowment Contract (MEC): is issued as a MEC. Surrender of the policy or policy loans may be taxable  — consult a tax advisor 

Brochure PDF