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Pacific Life Insurance Company

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Term insurance for up to $350,000 that is easy to obtain and requires no medical exam.


Did You Know?
83% of consumers say they don’t purchase more life insurance because it’s too expensive, but consumers believe life insurance costs nearly 3 times the actual price.
Universal life insurance is a flexible low-cost plan to provide protection for your entire life.

Did You Know?
40% of Americans who have life insurance coverage don’t think they have enough.
Life insurance coverage at a fixed cost for a specific period of time.

Did You Know?
Less than half of American households have an individual life insurance policy.
Life insurance guaranteed for the insured’s entire life.

Did You Know?
The value of a whole life insurance policy is uncorrelated to the stock market and is largely guaranteed by the insurer, so that neither death benefits nor cash values are affected by declining markets.
Life insurance to cover expenses at one’s death, such as medical bills, credit card debts, and funeral costs.

Did You Know?
The average cost of a funeral ranges from $7,000 to $10,000 for a basic service, burial and headstone.
Insurance to help provide for cost of long-term care that generally is not covered by health insurance, Medicare, or Medicaid.

Did You Know?
70% of people will need some form of long-term care after age 65.
Lump sum disability provides income protection in the form of a single payout equal to your annual income up to $100,000.

Did You Know?
Disability is the number one cause of bankruptcies in the U.S.
Short-term disability insurance provides income in the event one becomes disabled and cannot work, up to a maximum of $5,000 per month.

Did You Know?
One in four will become disabled before they retire.
Long-term disability insurance provides income in the event one becomes disabled and cannot work, up to a maximum of $20,000 per month.

Did You Know?
One in four will become disabled before they retire.
SBA term life insurance is expedited issue term life insurance required by SBA lenders.

Did You Know?
Life Insurance is mandated for SBA borrowers. The average SBA loans takes 43 days to place, but the average life insurance policy takes 75 days to place.
Whole life coverage that is easy to obtain and requires no medical exam.

Did You Know?
Half of Americans say they couldn’t survive a year without the primary wage earner’s income.
Guaranteed issue whole life coverage for children who are 14 days to 17 years old.

Did You Know?
A whole life policy for a child can provide a head start in saving for college.
Life insurance that pays a death benefit if death occurs as a result of an accident.

Did You Know?
Accidents are the fourth leading cause of death in the U.S.
Ten years of premiums to provide guaranteed life insurance.

Did You Know?
Cash value in a life insurance policy grows on a tax deferred basis.
Life insurance designed to combine death benefit with early access to high cash values.

Did You Know?
Industry experts have found that insureds are 2x more likely to surrender or exchange their life insurance policy prior to death.
Life insurance guaranteed for the insured’s entire life with only a single lump-sum premium payment.

Did You Know?
Death proceeds from life insurance are tax free to beneficiaries.
Changing from a term policy to a permanent product without proving insurability.

Did You Know?
40% of all insureds consider themselves "Orphan clients", meaning policy holders who don’t have anyone to serve them.
Term insurance for up to $250,000 that is easy to obtain and requires no medical exam.

Did You Know?
83% of consumers say they don’t purchase more life insurance because it’s too expensive, but consumers believe life insurance costs nearly 3 times the actual price.
Grow your cash value immediately and transfer your asset to the ones you love.

Did You Know?
Life insurance can be a tax-advantaged way to transfer wealth to future generations; based on current tax laws.
Life insurance coverage at a fixed cost for a specific period of time.

Did You Know?
25% of people wish their spouse or partner would purchase some or more life insurance.
Product that combines the value of life insurance and long-term care benefits together in one product.

Did You Know?
40% of LTC benefits are paid to people under age 65.
Flexible premium policy designed for death benefit protection with competitive long-term cash value accumulation.

Did You Know?
Two in three Americans are worried about insufficient retirement savings; partly due to qualified retirement plan contribution limits.
Life insurance coverage at a fixed cost for a specific period of time.

Did You Know?
25% of people wish their spouse or partner would purchase some or more life insurance.
Life insurance coverage at a fixed cost for a specific period of time.

Did You Know?
25% of people wish their spouse or partner would purchase some or more life insurance.

Life insurance coverage at a fixed cost for a specific period of time.

Did You Know?
25% of people wish their spouse or partner would purchase some or more life insurance.
Universal life insurance is a flexible low-cost plan to provide protection for your entire life.

Did You Know?
Only 44% of Americans own an individual life policy.


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This product is great for clients looking for the following:

  • Need benefit amount of $350,000 or less
  • Do not want to go through a medical exam (blood and urine test)
  • Easy and quick process to purchase insurance
  • Coverage for their entire life
  • The ability to make premium payments in a flexible manner
  • The lowest cost of protection for their entire life
  • Lowest possible cost for coverage
  • Coverage for a specific period of time
  • Coverage for your entire life
  • Coverage and cash value guaranteed
  • Guaranteed level cost
  • The ability to build tax-advantaged cash value in your life insurance policy
  • Need benefit amount of $5000 - $20,000
  • Do not want to go through a medical exam (blood and urine test)
  • The ability to remove the financial burden of funeral and burial expenses for their family
  • Guaranteed acceptance, guaranteed level cost and guaranteed death benefit
  • Want to protect their assets/estate
  • Have assets greater than $75,000
  • Are up to age 79
  • Need benefit amount of $100,000 or less
  • Financial protection for up to one year’s worth of salary in the event of a disability
  • Looking for a simple underwriting process and product
  • Need benefit amount of up to $5,000 per month
  • A simple underwriting process and product
  • Short-term financial protection in the event of a disability
  • Need benefit amount of up to $20,000 per month
  • Long-term financial protection in the event of an extended disability
  • A simple underwriting process and product
  • Longer-term protection, over 2 years
  • Life insurance coverage related to borrowing from an institution under the SBA program
  • Coverage for a specific period of time at a low cost
  • An expedited underwriting process
  • Coverage for your entire life
  • Do not want to go through a medical exam (blood and urine test)
  • Coverage and cash value guaranteed
  • Guaranteed level cost
  • Simplified underwriting
  • Coverage for their entire life
  • To pay a single, lump-sum premium
  • Coverage and cash value guarantee
  • Tax-deferred growth and accumulation
  • A tax-advantaged way to pass on wealth
  • Parents, grandparents, and permanent legal guardians looking to give the gift of insurability
  • Guaranteed protection for the insured
  • Starting a savings plan early in life that can keep giving
  • Guaranteed future insurance for the insured
  • Life insurance death benefit coverage for a specific period of time
  • Lower cost of life insurance coverage
  • Flexible convertibility options for the life insurance coverage

This product may be great for clients looking for the following:

  • Concerned regarding the potential cost of Long-Term Care expenses
  • Want to protect their assets/estate
  • Want a single premium product
  • Death benefit if no long term care is needed
  • Concerned about return of premium

This product is great for clients looking for the following:

  • Product with potential gains tied in part to performance of major stock market indexes, but guarantees protection against market based losses.
  • Coverage and cash value
  • Tax-deferred growth and accumulation
  • Professional who plans to wait 15 or more years until first planned distribution
  • Want to fund with moderate to high premiums
  • Executives looking for a supplemental retirement strategy

This product is great for clients looking for the following:

  • Coverage for a specific period of time
  • Express underwriting available
  • Low cost for coverage

This product is great for clients looking for the following:

  • Coverage for a specific period of time
  • Express underwriting available
  • Low cost for coverage

This product is great for clients looking for the following:

  • Coverage for a specific period of time
  • Express underwriting available
  • Low cost for coverage
  • Coverage for their entire life
  • Express underwriting available
  • The ability to make premium payments in a flexible manner
  • The lowest cost of protection for their entire life
  • A simple application process and guaranteed acceptance
  • Do not want to go through a medical exam (blood and urine test)
  • Affordable coverage
  • Coverage for their entire life
  • To only pay premiums for a limited number of years
  • Coverage and cash value guaranteed
  • Tax-deferred growth and accumulation
  • Long-term accumulation vehicle with exceptional safety and predictability
  • Long-term cash value available for income needs
  • A product that offers high cash accumulation with access early in the contract
  • Access to more cash value, faster than traditional life insurance policies
  • Low surrender charges so that clients will not face a severe financial penalty if they decide the policy no longer fits into their financial strategy
  • Business owners looking to retain a key employee
  • Deferred cash accumulation vehicle not tied to the market
  • Estate planning
  • Coverage for their entire life
  • Estate planning
  • To only pay a one-time premium
  • Coverage and cash value guaranteed
  • Tax-deferred growth and accumulation vehicle with exceptional safety and predictability
  • A tax-advantaged way to pass on wealth

Who Should Consider A Term Conversion

  • Anyone who wants to pay for their own final expenses
  • Anyone who’s health has changed since their original term policy was issued
  • An insured interested in a cash accumulation vehicle with safety and tax advantages
  • Anyone who needs coverage for their entire life
  • Need benefit amount of $250,000 or less
  • Coverage for a specific period of time
  • Do not want to go through a medical exam (blood and urine test)
  • Easy and quick process to purchase insurance

AM Best rating: "A" (excellent)

Who is National Life?

National Life Group is a diversified family of financial service companies that offer a comprehensive portfolio of life insurance, annuity and investment products to help individuals, families and businesses pursue their financial goals.

National Life Group, a Fortune 1000 company, serves 840,000 customers. With 2011 revenue of $1.5 billion and net income of $124 million, members of National Life Group employ roughly 900 employees, with most located at its home office in Montpelier, Vermont. Group companies also maintain offices in Addison, New York, and San Francisco. Life Insurance Company of the Southwest (LSW) is a member of the National Life Group. Life of the Southwest has an AM Best rating of A, which means Excellent.

Learn more about National Life Group here: https://www.nationallifegroup.com


Who Is Ameritas?

Backed by a foundation of financial strength, we offer a competitive array of insurance, employee benefits and financial products and services. And we service them in a highly welcoming, ethical and professional manner that builds lasting trust and enduring relationships. We’re here to help customers put worry behind and the future ahead and help enable a life that’s rich in family, happiness, health and financial security. When lives are fulfilled, our mission is fulfilled. We are Ameritas: Proud to say we’re in the business of fulfilling life.

Our Mutual Advantage

We believe being part of a mutual organization is the best way to develop long-term strategies and make decisions benefiting our policyholders, who are our members. This perspective and customer focus guides our actions every day. Our mutual advantage includes our commitment to do what’s best for the diverse needs of individuals, families and businesses rather than third-party stockholders; to focus on long-term financial strength rather than short-term quarterly returns; and re-investing our proceeds into growing our capital helps ensure we’ll be there when needed most. This mutual advantage has been the foundation that has allowed us to deliver on our promises for more than 125 years. www.ameritas.com

AM Best rating: "A+" (Superior)

Securian is an A+ or Superior rated company due to its impeccable financial strength and claims paying ability. Founded in 1880, their record of financial strength and claims paying ability position itself as one of the most highly rated companies in America. They are proud to protect clients nationwide with more than $1 trillion of life insurance in force.

Learn more about Securian Financial Group here: https://www.securian.com

AM Best rating: "A-" (Excellent)

Who Is Vantis?

Vantis Life Insurance Company was established in 1942; from its inception, the company's primary goal has been to provide families with affordable life insurance and annuity products.

Vantis Life has received a rating of A- Excellent from the A.M. Best Company.

AM Best rating: "A+" (Superior)

Who is Securian?

Securian is a Financial Group. The Group provides financial security to over 15 million people nationwide through insurance, investment and retirement products. Founded in 1880, their record of financial strength and claims-paying ability positions them as one of the most highly rated companies in America. They are proud to protect clients nationwide with more than $1 trillion of life insurance in force.

Learn more about Securian Financial Group here: https://www.securian.com



AM Best rating: "A+" (Superior)

Who is MetLife?

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East and Africa.

MetLife is the largest life insurer in the United States.

Learn more about MetLife here: https://www.metlife.com



Who is Pacific Life?*

A company with more than 145 years of experience, hundreds of thousands of individuals, families, and businesses trust Pacific Life to help with their financial future. Pacific Life Insurance Company’s organization is part of a mutual holding company structure; therefore, they have no publicly traded stock, but rather their policy owners are members of the company.

What is Prime Term?

Pacific PRIME Term life insurance was developed for a new generation of clients who want a faster, easier way to protect their families and businesses. Simpler in design and competitively priced, Pacific PRIME Term offers a streamlined application and underwriting process for faster turnaround times.

*Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company. Pacific Life's Home Office is located in Newport Beach, CA.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. Only a life insurance producer who is also a fiduciary is required to advise if the product purchase and any subsequent action taken with regard to the product are in their client’s best interest.





Who is Pacific Life?*

A company with more than 145 years of experience, hundreds of thousands of individuals, families, and businesses trust Pacific Life to help with their financial future. Pacific Life Insurance Company’s organization is part of a mutual holding company structure; therefore, they have no publicly traded stock, but rather their policy owners are members of the company.

What is PremierCare Advantage?

Pacific Premier Care Advantage is a product that combines life insurance and long-term care benefits into one product. This product is a true "hybrid" and offers death benefit protection with long term care benefits, return of premium features and potential access to the policy available cash value.

*Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company. Pacific Life's Home Office is located in Newport Beach, CA.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. Only a life insurance producer who is also a fiduciary is required to advise if the product purchase and any subsequent action taken with regard to the product are in their client’s best interest.



AM Best rating: "A+" (Superior)

Who is Pacific Life?

A company with more than 145 years of experience, hundreds of thousands of individuals, families, and businesses trust Pacific Life to help with their financial future. Pacific Life Insurance Company’s organization is part of a mutual holding company structure; therefore, they have no publicly traded stock, but rather their policy contract owners are members of the company.

What is Pacific Discovery Xelerator IUL?

  • Is a life insurance policy designed for death benefit protection with competitive long-term cash value accumulation potential after policy year 15. This product illustrates well when funded with large premiums within the policy’s first 7 to 10 years. The PDX offers a simplified issue underwriting for select classes, and can go up to $3 million in coverage with this simplified underwriting process.


AM Best rating: "A+"

Who is John Hancock Financial?

John Hancock was founded in 1862 and has stood for integrity and commitment ever since. In 2004 shareholders overwhelmingly approved the merger with Manulife Financial Corporation; who is the largest Canadian life insurer.


AM Best Rating: “A+”

Who is Lincoln Financial?

Lincoln Financial was founded in 1905 and is dedicated to provide advice and solutions that empower Americans to take charge of their financial futures.

What is Lump Sum Disability Insurance?

Lump sum disability insurance provides income in the event one becomes disabled and cannot work, up to a maximum of a $100,000 one-time payment. This coverage is Simplified Issue, which means there is no medical exam required.

What is SI Term Life Insurance?

Simplified issue term life insurance is life insurance that provides death benefit at a fixed cost for a specific period of time, usually 5, 10, 15, 20 or 30 years. This product provides coverage from $25,000 to $350,000 for people ages 20 to 60. The "simplified issue" refers to the underwriting process, which does not require a medical exam and occurs online right after you submit your policy. Term insurance is the least expensive way to purchase coverage over a specific period of time.

What is Universal Life Insurance?

Universal life insurance is a type of flexible permanent life insurance offering low-cost insurance protection as well as a savings element which is invested to provide a cash value buildup. The death benefit, savings element and premiums can be reviewed and altered as a policyholder's circumstances change. Guaranteed universal life insurance offers a guaranteed level death benefit and premium usually to age 100 and beyond.

What is Term Life Insurance?

Term life insurance is life insurance that provides death benefit at a fixed cost for a specific period of time, usually 5, 10, 15, 20 or 30 years. Term insurance is the least expensive way to purchase coverage over a specific period of time.

What is Whole Life Insurance?

A life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime, as long payments are made. Whole life insurance is the most predictable type of coverage; your death benefit and cost is guaranteed.

What is Final Expense Life Insurance?

Smaller death benefit life insurance policies (usually referred to as final expense or burial insurance) are designed specifically to handle the last expenses a person’s family must handle for the deceased. Typically, these policies are issued without a medical exam and provide a guaranteed level cost and death benefit, commonly between $5,000 and $20,000.

What is Asset Based LTC?

Asset based long-term care insurance is insurance to help provide for the cost of chronic illnesses, disabilities or other conditions that need assistance over an extended period of time. This insurance would help provide skilled care from nurses, therapists, or other professionals for daily living activities such as bathing, dressing, and eating.

Asset based policies are commonly referred to as Hybrid, Universal Life Insurance with LTC benefits. These policies provide a flexible LTC benefit while still providing a death benefit, return of premium features, and access to cash value. The policies long-term care benefit is limited to a maximum amount but the premiums will never increase. When long-term care is needed, the life insurance death benefit or annuity value is accessed to pay for qualifying expenses (your care). The asset based policies have a death benefit payout that is made to beneficiaries at the time of death if the policy has not been exhausted for long-term care expenses. The premiums are usually guaranteed, meaning the policy will never be exposed to an increase in cost.

What is Long-Term Care Insurance?

Long-term care insurance is insurance to help provide for the cost of chronic illnesses, disabilities or other conditions that need assistance over an extended period of time. This insurance would help provide skilled care for daily activities such as bathing, dressing and eating from nurses, therapists or other professionals.

What is long-term disability insurance?

Long-term disability benefits replace a portion of your income if you become disabled for more than several weeks.

What is short-term disability insurance?

Short-term disability benefits can pay a portion of your income if you can’t work for several weeks due to a covered injury or illness — or childbirth.

What is SBA Term Life Insurance?

  • Many SBA lenders require borrowers to have life insurance to serve as collateral for the loans.
  • We offer an online application process specifically for SBA borrowers.
  • The application and collateral assignment is completed online, where the bank required collateral assignment paperwork is included in the e-application and is e-signed with the application.
  • The expedited underwriting process ensures that the purchase of life insurance does not hold up the loan closing process.

What is Accidental Death Insurance?

Accidental death insurance pays a benefit if the insured dies as a result of a covered accident. The coverage is very affordable and is guaranteed issued.

What is SI Term Life Insurance?

Simplified issue term life insurance is life insurance that provides death benefit at a fixed cost for a specific period of time, usually 5, 10, 15, or 20 years. This product provides coverage from $10,000 to $250,000 for people ages 18 to 55, and $10,000 to $150,000 for people ages 56 to 60. The "simplified issue" refers to the underwriting process, which does not require a medical exam and occurs online right after you submit your policy. Term insurance is the least expensive way to purchase coverage over a specific period of time.

What is Single Premium Whole Life?

A life insurance policy in which a single lump-sum premium is paid in return for a death benefit that is guaranteed to remain in force for the insured’s entire lifetime. Single premium whole life is a great way to leverage assets to create a legacy for the next generation. Single premium whole life insurance is a predictable type of coverage; your death benefit is guaranteed and you only pay a single premium. There is considerable access to policy cash value, including favorable ways to withdraw part of the cash value or the ability to take a loan against the cash value. A single premium whole life policy grows cash value immediately and provides a tax-advantage strategy for transferring wealth to beneficiaries.

What is 10 Pay Whole Life?

The 10 Pay Whole Life from MetLife gives your client the opportunity to build up long-term cash value that can be withdrawn tax free post-retirement. This product only requires premiums for the first 10 years and is guaranteed not to require additional premiums. Whole life insurance is the most predictable type of coverage; your death benefit and costs are guaranteed.

What is PAUL?

MetLife Premier Accumulator Universal Life (PAUL) is designed to combine death benefit protection with high early cash accumulation for increased flexibility as well as competitive long-term cash accumulation for income needs. Clients have the potential to access most or all of what they put into the policy within the first few years, providing outstanding liquidity and options to help meet changing needs.

What is Single Premium Universal Life?

A life insurance policy in which a single lump-sum premium is paid in return for a death benefit that is guaranteed to remain in force for the insured’s entire lifetime. Single premium universal life insurance is the most predictable type of coverage; your death benefit is guaranteed and you only pay a single premium. There is considerable access to policy cash value, including favorable ways to withdraw part of the cash value or the ability to take a loan against the cash value. Single premium universal life is often used for estate planning purposes.

What is a Term Conversion?

  • Changing your existing coverage to a product that will last your entire life and guarantee a payout
  • Policy holders can convert their term policy to a permanent policy without any underwriting, simply completing a conversion form
  • Most clients' policies expires without them ever realizing that they had the opportunity to convert
  • Term owners can convert all or just a portion of their existing death benefit.
  • Most people need life insurance and most people want their coverage to last their whole life. The issue in the marketplace is once most insureds decide this it is too late and/or too expensive to find a product.
  • Many term policies have the ability to convert the existing policy into a permanent product.
  • Converting to permanent policy guarantees coverage for your entire life, along with having the ability to build savings in the cash value component in a tax-efficient manner.
  • Converting the policy ensures that you will have coverage, even if your health status has changed.

Funding Options

Pros and Cons of different long-term care funding options
  • Self-funding with personal assets
    • Pros
      • If no long-term care expense arises cost is $0
      • Assets saved on insurance can be invested
    • Cons
      • Any long-term care expenses will be funded through distributions from financial assets
      • Your household may assume full risk of costs that could run into seven digits
      • Potential investment risk for underlying portfolio
      • Possible difficulty managing assets should a long-term care need arise
      • Could force family members to care for you, which can create additional hardships
  • Medicaid
    • Pros
      • Available to those with little savings
      • Can be used after other resources have been liquidated
    • Cons
      • Could require relative poverty to qualify
      • Reimbursement to facilities can be generally lower than costs, so Medicaid recipients may receive lower quality care
  • Traditional long-term care insurance
    • Pros
      • Can minimize house-hold risk
      • Premiums may be tax-deductible
    • Cons
      • If it ends up unused, could be viewed as a waste of money
      • Premium increases may occur
      • Can be difficult to predict coverage
      • Patient could be left to pay for items not covered
      • Possibility of inadvertent lapsing
  • Asset based long-term care insurance
    • Pros
      • Typically provides upfront premium guarantee against future premium increases and the risk of inadvertent lapsing
      • Death benefit can be available if long-term care insurance is not needed
      • Long-term care coverage is typically leveraged by a “high deductible” as the policy’s cash value is spent first
      • Generally, fewer underwriting requirements than traditional long-term care insurance
    • Cons
      • Large upfront premiums can remove assets from investment portfolio
      • If interest rates rise, policy interest rates may fail to keep up

Detailed Product Specifications

  • Issue ages: 20 – 60 years
  • Coverage amounts available: $25,000 - $350,000
  • Term length options: 10, 15, 20 and 30 years
  • No medical exam required
  • Renewable at the end of the term period
  • Instant issue, online underwriting, where policy is approved in minutes
  • Issue ages: 0 – 90 years
  • Coverage amounts available: $25,000 - $10,000,000
  • Flexible premium payments
  • Offers long-term guaranteed death benefit to age 100 and beyond
  • Various cash value accumulation features available
  • Issue ages: 0 – 90 years
  • Coverage amounts available: $25,000 - $10,000,000
  • Lengths of term coverage available: 5, 10, 15, 20, 25, and 30 years
  • Guaranteed, level premium payments for term of coverage
  • Return of premium option available – your cost will be returned at the end of the coverage period
  • Issue ages: 0 - 85 years
  • Coverage amounts available: $5,000 - $10,000,000
  • Many payment types: single pay, 10 pay, pay to 65 and pay for lifetime
  • Issue ages: 50 - 80 years
  • Coverage amounts available: $5,000 - $20,000
  • Guaranteed issue: no medical questions are asked and there is not a medical exam required
  • Cost is guaranteed level for lifetime
  • Coverage / death benefit is guaranteed level for lifetime
  • Available in all state, except Minnesota and Washington
  • Issue ages: 18-65 years
    • For ages 55-65, there is additional electronic underwriting
  • Coverage amounts available: $10,000 - $150,000
  • Fixed premiums
  • No medical exam required
  • Instant issue underwriting policy approved in minutes
  • Guaranteed interest rate: 4%
  • Builds tax deferred cash value
  • Issue ages: 50 – 85 years
  • Coverage amounts available: $5,000 - $250,000
    • Maximum Premium depends on insured’s age:
      • Ages 50-59: $100,000
      • Ages 60-64: $175,000
      • Ages 65-80: $250,000
      • Ages 81-85: $50,000
  • Guaranteed coverage to age 120
  • Guaranteed minimum interest rate on cash value
  • Builds tax-deferred cash value
  • The ability to take a loan on cash value at a net 2% interest rate
  • 100% guaranteed return of premium, less withdrawals and loans if applicable, upon full surrender
  • Decision based on answers to health questions in application. For most applications, no medical exam required
  • Underwriting decisions received in minutes for most applications
  • Includes Accelerated Death Benefit Agreement for early access to a portion of death benefit coverage in the event of terminal illness at no additional cost
  • Issued by Minnesota Life Insurance, a Securian Company
  • Issue ages: 18-70 years
  • Minimum coverage is $100,000
  • Coverage of $249,999 and under does not require an exam
  • Lengths of term coverage available: 10, 15, 20, 30
  • Guaranteed, level premium payments for term of coverage
  • Generous conversion provision with a credit up to one year of annualized term insurance premiums applied to cash value of life insurance policy.*
  • Issue ages: 30-75 years
  • Coverage amounts available: $60,000 - $600,000 *in most states
  • Inflation benefit options:
    • 5% Compound Interest
    • 5% Simple Interest
    • 3% Simple Interest
    • None
  • Benefit period: 2 – 8 years*
  • Underwriting classes only smoker and non-smoker
  • Care coordination service
  • Elimination Period:
    • In-Home Care: 0 day
      • Services Include:
        • Home Health Care
        • Care Coordination
        • Caregiving Training
        • Home Modification
        • Durable Medical Equipment
        • Adult Day Care Facility
    • Facility Care: 90 days (do not have to be continuous and need only be satisfied once per lifetime)
      • Services Include:
        • Nursing Home Facility
        • Assisted Living Facility
        • Facility Hospice Care
  • Issue ages: 0 – 90 years
  • Coverage amounts available: Varies based upon age
  • 2% guarantee in fixed account with potential for non-guaranteed additional credit
  • Highly compensated individuals earning $200,000 or more annually can potentially qualify for simplified underwriting up to a $3 million policy; meaning no medical exam is required, but instead underwriting is done with a client phone call.
  • Multiple options to optimize cash value potential
  • Multiple options to optimize cash value potential
    • Beginning in year 3 potential for non-guaranteed credit and/or performance factor
    • Benefit Distribution Rider: allows client to distribute death proceeds from 5 to 30 years reducing policy charges on a nonguaranteed basis. This features allows for greater growth and distribution potential.
  • Multiple additional riders available
    • Accelerated Death Benefit Rider for Long-Term Care
    • Benefit Distribution Rider
  • Issue ages: 18 – 80 years
  • Coverage amounts available: $100,000 and up
    • Express issue up to $1,000,000 of coverage
  • Lengths of term coverage available: 10, 15, and 20 years
  • Convertibility: Convertible up to the end of the level term period or prior to insured’s attained age 70, whichever comes first
  • Guaranteed, level premium payments for term of coverage
  • Available riders:
    • Total Disability Waiver
    • Accelerated Benefit
    • Unemployment Protection
      • Waives premiums for up to 12 months if insured becomes unemployed
  • Please call one of our experts for a complete product specifications guide
  • Issue ages: 20 – 80 years
  • Coverage amounts available: $250,000 - $20,000,000
    • Express issue up to $1,000,000 of coverage
  • Lengths of term coverage available: 10, 15, and 20 years
  • Convertibility: Enhanced conversion privilege plus the Conversion Extension rider gives clients additional flexibility to decide when they want to convert their policy
  • Vitality Program:
    • Opportunity to reduce premiums by living a healthy lifestyle
    • Personalized health goals and a free health tracking electronic device to track progress toward a healthy lifestyle
    • Other discounts and rewards
  • Available riders:
    • Total Disability Waiver
    • Accelerated Benefit
    • Conversion Extension
      • Extends the normal conversion period to the earlier of the last day of the Term Period or the policy anniversary nearest the life insured’s attainment of age 70
  • Please call one of our experts for a complete product specifications guide
  • Issue ages: 18 – 80 years
  • Coverage amounts available: $250,000 - $10,000,000
    • Express issue up to $1,000,000 of coverage
  • Lengths of term coverage available: 10, 15, 20, and 30 years
  • Convertibility: Convertible up to the end of the level term period or prior to insured’s attained age 70, whichever comes first
  • Available riders:
    • Waiver of Premium
    • Accelerated Benefit
    • Children’s Term
      • Up to $15,000 per child
      • One rider charge, no additional cost per child
  • Issue ages: 18 – 50 years
  • Coverage amounts available: $100,000 - $500,000
    • Express issue up to $1,000,000 of coverage
  • Lengths of term coverage available: 15, 20, and 30 years
  • Convertibility: Convertible up to the end of the level term period or prior to insured’s attained age 70, whichever comes first
  • Guaranteed, level premium payments for term of coverage
  • Available riders:
    • Waiver of Premium
    • Accelerated Benefit
    • Children’s Term
      • Up to $15,000 per child
      • One rider charge, no additional cost per child
  • Issue ages: 20 – 85 years
  • Coverage amounts available: $100,000 - $5,000,000
    • Express issue up to $1,000,000 of coverage
  • Flexible premium payments
  • Offers long-term guaranteed death benefit to age 121
  • Available riders:
    • Accelerated Benefit
    • Children’s Term
    • Disability Waiver
    • Guaranteed Insurability
    • Spouse Term
  • Please call one of our experts for a complete product specifications guide
  • Issue ages: 0 – 90 years
  • Coverage amounts available: $100,000 and up
    • Express issue up to $1,000,000 of coverage
  • Flexible premium payments
  • Offers long-term guaranteed death benefit to age 121
  • Available riders:
    • Disability Payment of Specified Premium (DPSP)
    • Accelerated Benefit
    • Long-Term Care (LTC)
      • Maximum monthly benefit amount is based on 1%, 2% or 4% of the policy death benefit elected at issue
  • Please call one of our experts for a complete product specifications guide

*Exclusions, Exceptions, and Limitations: We will not pay benefits for any room and board, care, treatment, services, equipment, or other items for care or services: 1) provided by the Insured’s Immediate Family unless he or she is a regular employee of an organization which is providing the treatment, service or care; and the organization receives the payment for the treatment, service or care; 2) for which no charge is normally made in the absence of insurance; 3) provided outside the United States of America, except as described in the International Benefit; 4) that result from an attempt at suicide (while sane or insane) or an intentionally self-inflicted injury; 5) provided in a government facility (unless otherwise required by law); 6) for which benefits are available under Medicare (including amounts that would be reimbursable but for the application of a deductible or coinsurance amount) or other governmental program (except Medicaid), any state or federal workers’ compensation, employer’s liability or occupational disease law, or any motor vehicle no-fault law. No benefits will be paid for services received while the Accelerated Benefit Rider (ABR) for Long-Term Care and the Extended Benefit Rider (EBR) for Long-Term Care are not in force

*Conversion credit is not available if the policy is converted in the first policy year. Conversion is available with a minimum of the first 5 policy years for all level premium periods. For 15, 20, and 30-year level premium periods, policy may convert up to 10 policy years, depending on the insured's issue age.

Secure Legacy is not available in New York. Insurance products are issued by Minnesota Life Insurance Company or Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues. 400 Robert Street North, St. Paul, MN 55101-2098.
  • Issue Ages: 14 days - 17 years
  • Coverage amounts available: $10,000 - $75,000
  • Coverage doubles at age 18
  • Guaranteed interest rate of 4%
  • Less than 50 cents a day for $25,000 of coverage
  • Fixed premiums
  • Opportunities to increase coverage up to 10 times the original amount without underwriting
  • Issue ages: 18 years and older
  • Coverage amounts available: $50,000 - $500,000
  • No underwriting required
  • Guaranteed issue: no medical questions are asked and there is not a medical exam required
  • Premium rates will not increase with age
  • Single and family coverage is available
  • Issue ages: 18 – 60 years
  • Coverage amounts available: $10,000 to $250,000
  • Ages 55 – 60 years: $10,000 to $150,000
  • Term Length options: 5, 10, 15, and 20 years
  • No medical exam required
  • Online underwriting
  • Additional features
    • Accelerated death benefit
    • Conversion privilege
    • Renewable at end of the term period

Traditional Long-Term Care

Traditional long-term care insurance usually provides the most comprehensive coverage for the cost. Long-term care insurance can cover home care, assisted living, adult daycare, respite care, hospice care, nursing home care, and Alzheimer’s facilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed. Many traditional long-term care policies use the person’s inability to perform certain "activities of daily living’’ ("ADLs") as one trigger to determine if the policyholder is eligible for the LTC benefit. ADLs are (i) bathing, (ii) continence, (iii) dressing, (iv) eating, (v) toileting, and (vi) transferring (i.e., moving from one place to another). Most long-term care policies will pay benefits when one cannot do two of the six activities of daily living, but this may vary depending upon the individual’s policy. Another trigger that can be used is when the policyholder needs substantial assistance for a designated period of time due to "cognitive impairment". Premiums paid on traditional long-term care insurance policies may also be eligible for an income tax deduction.
  • Issue ages: 18 – 79 years
  • Benefit period: 1 – 6 years
  • Monthly benefit amounts available: $1,500 - $15,000
  • Elimination period: 0 - 365 days
  • Payment duration: lifetime
  • Return of premium available
  • Tax advantages
  • Exam usually required
  • Issue ages: 18 – 60 years
    • Coverage in place until age 65
  • Coverage amount available: equal to your annual income up to $100,000
  • Affordable fixed premium
  • Covers both manual and non-manual jobs
  • Pays lump sum benefit for total disability that is expected to last at least one year
  • Policy terminates once claim payment is made
  • Instant issue, online underwriting, where policy is approved in minutes
  • Issue ages: 18 – 61 years
  • Monthly benefit: up to $5,000 per month
  • Elimination period: 0 – 90 days
  • Benefit period: 3, 6, 12 or 24 months
  • Premium rate is fixed until coverage ends at age 67
  • Issue ages: 18 – 61 years
  • Monthly benefit: up to $20,000
  • Elimination period: 60, 90, 180, or 365 days
  • Benefit period: 2 year, 5 year, to age 65 or to age 70
  • Guaranteed level premium rates to age 65

The Term Conversion Process

  • Complete eligibility form
  • Choose new permanent product by signing desired illustration
  • Execute conversion form
  • Receive policy with no underwriting

Detailed Product Specifications

  • Issue ages: 16 - 80 years
  • Coverage available: $50,000-$5 million up to age 55; $250,000 minimum for ages 55-80
  • Choose 10 or 20 year term coverage period
  • Guaranteed, level premium payments for term of coverage
  • Expedited underwriting with a dedicated team:
    • For coverage amounts under $250,000, the e-application is followed by a telephone interview, as well as MIB, motor vehicle, and prescription database checks.
    • For coverage amounts of $250,000 - $750,000, the applicant will be required to undergo an exam, but no attending physician statements are required.
    • For coverage amounts of $750,000 - $5,000,000, regular underwriting will apply, but will be expedited with the e-application process.
Simplified Issue
  • Issue ages: 20 - 60 years
  • Underwriting standard class will be issued at best class
  • Coverage amounts available: $100,000 - $1,000,000
  • For US residents only – minimum of 2 years residency
  • For non-smokers only – no nicotine use within last 24 months
  • Premium payments made only in first 10 years or less
  • Telephone interview, but no medical exam required
Regular Underwriting
  • Issue ages: 0 - 85 years
  • Coverage amounts available: $50,000 - $1,000,000
  • Low surrender charges
  • Payment duration less than 10 years
Simplified Issue
  • Issue ages: 55 - 80 years
  • Coverage amounts available: $25,000 - $150,000
  • Guaranteed coverage to age 120
  • Guaranteed minimum interest rate on cash value: 3%
  • Builds tax-deferred cash value
  • The ability to withdraw 10% of premium paid without a fee each policy year
  • The ability to take a loan on cash value at a net 3% interest rate
  • Return of premium available
Simplified Issue
  • Issue ages: 20 - 60 years
  • Underwriting standard class will be issued at best class
  • Coverage amounts available: $100,000 - $1,000,000
  • US residents – minimum of 2 years residency
  • Non-smokers – no nicotine use within last 24 months
  • High early cash value accumulation
  • Telephone interview, no medical exam
  • Low surrender charges
  • Flexible Premiums
Regular Underwriting
  • Issue ages: 0-85 years
  • Coverage amounts available: $50,000 - $1,000,000 +
  • High early cash value accumulation
  • Low surrender charges
  • Flexible Premiums

Purchasing This Product Can Be Simple

  • Provide basic information to get an accurate and instant quote.
  • Complete a simple online application that includes personal and health questions.
  • It's so easy that the entire process can be completed in minutes.
You can always give one of our experts a call at your convenience if you have any questions.
  • Provide basic information to get an accurate and instant quote.
  • Complete a simple online application that includes personal and health questions.
  • It's so easy that the entire process can be completed in minutes.
You can always give one of our experts a call at your convenience if you have any questions.
  • Provide basic information to get an accurate and instant quote.
  • Complete a simple online application that includes personal and health questions.
  • Underwriting decision received in minutes for most applications.
  • It’s so easy that the entire process can be completed in minutes.
  • You can also give one of our experts a call at your convenience.
Simply complete a short set of questions, then one of our life insurance experts will call you to complete your application and schedule the necessary requirements. In many cases, it may require a medical exam scheduled at your convenience and at no cost to you.

You can also give one of our experts a call at your convenience.
Simply complete a short set of questions, then one of our life insurance experts will call you to complete your application and schedule the necessary requirements. In many cases, it may require a medical exam scheduled at your convenience and at no cost to you.

You can also give one of our experts a call at your convenience.
Simply complete a short set of questions, then one of our life insurance experts will call you to complete your application and schedule the necessary requirements. In many cases, it may require a medical exam scheduled at your convenience and at no cost to you.

You can also give one of our experts a call at your convenience.
  • Fill a short set of questions with your personal information and desired coverage amount.
  • This is a guaranteed issue product, so you do not need to answer any medical questions and are not required to take a medical exam.
  • This process is so easy that the entire process can be completed in minutes.

You can also give one of our experts a call at your convenience.
Simply fill out a few questions and one of our experts will call you to complete the process. Traditional LTC requires a medical exam. Asset Based LTC only requires a brief phone interview and no exam.

You can also give one of our experts a call at your convenience.
This is a simplified issue lump sum product that does not require blood or urine tests, paramedical exams, attending physicians’ statements (APS) or income documentation.

Simply complete the online application and your policy will be approved in minutes and the policy will be sent to you right away.

You can also give one of our experts a call at your convenience.
You start by getting an online quote, then you simply fill out a few questions and one of our experts will call you to complete the process. Traditional disability insurance requires a medical exam.

You can also give one of our experts a call at your convenience.
You start by getting an online quote, then you simply fill out a few questions and one of our experts will call you to complete the process. Traditional disability insurance requires a medical exam.

You can also give one of our experts a call at your convenience.
You can get a quote online for the coverage amount and term length that you want to apply for. You then can complete a simple online application that includes personal and health questions and submit it to the carrier through the interface. In some cases, the application process may require a medical exam scheduled at your convenience and at no cost to you.

You can also give one of our experts a call at your convenience.
  • Provide basic information to get an accurate and instant quote.
  • Complete a simple online application that includes personal and health questions.
  • It's so easy that the entire process can be completed in minutes.
  • You can also give one of our experts a call at your convenience.
  • Provide basic information to get an accurate and instant quote.
  • Complete a simple online application that includes personal and health questions for you and the child.
  • It's so easy that the entire process can be completed in minutes.
  • Provide basic information to get an accurate and instant quote.
  • Fill out one short set of questions with your personal information.
  • It's so easy that the entire process can be completed in minutes.
  • You can always give one of our experts a call at your convenience if you have any questions.
  • Provide basic information to get an accurate and instant quote.
  • Complete a simple online application that includes personal and health questions.
  • You can always give one of our insurance experts a call.
Take advantage of our e-app and MetLife’s Enhanced Rate Plan
  • Request an illustration
  • Review the illustration with your client and have them sign the illustration
  • Scan and submit the signed illustration via the interface
  • Complete the simple online application that includes health questions
  • MetLife will follow up with a 20-40 minute telephone interview
  • Simply complete a short set of questions, then Pacific Life will reach out to your client for a telephone history interview which will complete the application process. Pacific Life will schedule the necessary requirement such as a medical exam if required which is at no cost to you.
  • You can also give one of our experts a call at your convenience.
Purchasing This Product Is Simple

  • Asset based LTC requires a brief phone interview and no medical exam
  • Request an illustration
  • Review the illustration with your client and have them sign the illustration
  • Can submit the signed illustration via the interface

You can also give one of our experts a call at your convenience.
  • Request an illustration
  • Review the illustration with your client and have them sign the illustration
  • Scan and submit the signed illustration via the interface
  • Complete the simple online submission
  • You can also give on of our experts a call at your convenience
  • Simply complete a short set of questions, then Lincoln Financial will reach out to your client for a telephone history interview which will complete the application process.
  • There are two possibilities during underwriting:
    • First option is your client qualifies for express issue underwriting and no medical exam will be required
    • Second option is your client does not qualify for express issue underwriting and Lincoln Financial will setup and schedule a medical exam with the client
    • In both scenarios Lincoln Financial will schedule and manage the gathering of the necessary requirements
  • You can also give one of our experts a call at your convenience.
  • Simply complete a short set of questions, then John Hancock Financial will reach out to your client for a telephone history interview which will complete the application process.
  • There are two possibilities during underwriting:
    • First option is your client qualifies for express issue underwriting and no medical exam will be required
    • Second option is your client does not qualify for express issue underwriting and John Hancock Financial will setup and schedule a medical exam with the client
    • In both scenarios John Hancock Financial will schedule and manage the gathering of the necessary requirements
  • You can also give one of our experts a call at your convenience.

Who can qualify?

There are only a few basic qualifications needed to apply for the simplified issue term insurance product. If you meet the basic criteria below, you can easily apply online now. After you apply, the information you provide will be used to determine if you are approved.
  • You must be age 20 through 60
  • You must be a US citizen or be a permanent resident of the United States
  • You must have a valid driver’s license

How easy is the online application process?

The online application process is truly easy. You can complete the entire application online, by yourself. No phone calls or paper required! You will need to fill a short set of questions with your personal information, then two short pages of health/history questions. It's so easy that the entire process can be completed in less than 10 minutes. You will then typically get an approval response online in less than 3 minutes.

What information do I need to apply?

You will only need the following information to complete the online application:
  • Your address, phone, email, SSN and driver's license number
  • The name and address of the beneficiaries of your policy
  • Your payment information (debit card or bank account information)
  • Your general health history information (family history not required)

Why do I have to provide my email address?

This application process requires that you enter your email address so that we can email you a link to e-sign your application, plus a link that you can use any time to view the status of your pending application. Your email address is used as a form of authentication, so we know who opened, viewed and signed the application.

Do I have to sign my application?

This application uses a revolutionary process to make it one of the only applications that you can complete online. You do not have to talk on the phone to anyone or hassle with any papers. Once you fill out your application you will use the guided process to digitally stamp your e-signature onto the application. This signature is 100% valid by Federal E-sign Law. You will even get a copy of your application with your digital signature on it.

Who can qualify?

There are only a few basic qualifications needed to apply for the simplified issue term insurance product. If you meet the basic criteria below, you can easily apply online now. After you apply, the information you provide will be used to determine if you are approved.
  • You must be age 18 through 60
  • You must be a US citizen or be a permanent resident of the United States
  • Actively performing the duties of their regular occupation (including a homemaker or student)

How easy is the online application process?

The online application process is truly easy. You can complete the entire application online, by yourself. No phone calls or paper required! You will need to fill a short set of questions with your personal information, then two short pages of health/history questions. It's so easy that the entire process can be completed in less than 10 minutes. You will then typically get an approval response online in less than 3 minutes.

What information do I need to apply?

You will only need the following information to complete the online application:
  • Your address, phone, email, SSN and driver's license number or state ID card
  • The name and address of the beneficiaries of your policy
  • Your payment information: credit card or bank account information
  • Your general health history information (family history not required)

Why do I have to provide my email address?

This application process requires that you enter your email address so that we can email you a link to e-sign your application, plus a link that you can use any time to view the status of your pending application. Your email address is used as a form of authentication, so we know who opened, viewed and signed the application.

Do I have to sign my application?

This application uses a revolutionary process to make it one of the only applications that you can complete online. You do not have to talk on the phone to anyone or hassle with any papers. Once you fill out your application you will use the guided process to digitally stamp your e-signature onto the application. This signature is 100% valid by Federal E-sign Law. You will even get a copy of your application with your digital signature on it.

Additional Features

  • Accelerated Death Benefit – Automatically included at no additional cost. If insured is diagnosed as terminally ill with a life expectancy of 12 months or less, provides for early payment of the death benefit.
  • Conversion Privilege – After coverage has been in force for one year, may convert to a whole life policy within the next five years of the term until age 65.
  • Renewal Provision – After the initial policy term, the customer may choose to renew their policy in one-year increments until age 80. Rates will be based on their current age with no additional underwriting. Premiums will increase.

What is single premium whole life insurance?

Single premium whole life insurance grows cash value immediately and provides a tax-advantaged strategy to pass on wealth to beneficiaries. Policyholders make a single lump-sum payment, no future payments are required.

Can I access my money if I need to?

Access funds through loans, withdrawals or full policy surrender.

Can the insurance company cancel my coverage if I get sick after my policy is issued?

Coverage cannot be cancelled if the insured gets sick after the policy is issued as long as you answer the health questions on the application, completely, truthfully and to the best of your knowledge and belief.

Do I have to go through a medical exam to get my coverage?

Coverage decisions are based on answers to the health questions in the application. For most applications no medical exam is required.

What happens if I apply for this product and do not qualify?

If you do not qualify for this product we will notify you and offer other coverage options that may meet your goals.

Should I buy term or permanent life insurance?

The type of life insurance you need is dependent upon your particular needs. Term life insurance is appropriate and more cost effective for temporary needs, which may be a period of one to thirty years. On the other hand, permanent life insurance is better for permanent or long-term needs. In some cases, a mix of both term life and permanent life insurance may be suitable.

What is the difference between whole life and universal life insurance?

Whole life insurance and universal life insurance are both types of permanent life insurance; however, universal life has flexible premiums and an adjustable death benefit. Whole life insurance premiums are fixed level and the death benefit is not adjustable. Another difference between these two types of insurance is cash value component’s sensitivity to market factors. The cash value in a universal life insurance policy is more sensitive to market fluctuations, while a whole life insurance policy's cash value is not sensitive.

What is involved in the life insurance application process?

The life insurance application process consists of submitting an application and often a medical exam to the life insurance company. It may also be necessary for the life insurance company to contact you for a brief telephone interview.

Once we receive your completed life insurance application, it will be submitted to the insurance company for underwriting. Underwriting for fully underwritten products usually takes approximately 4-8 weeks. You will receive your policy after it is approved.

When does my life insurance coverage begin?

Your life insurance coverage begins once the policy has been issued and all of the delivery requirements have been returned to the insurance company. Delivery requirements may include a premium payment, statement of health, delivery acknowledgement form or amendment of application.

Temporary coverage during the underwriting process may also be available with some insurance companies.

How is an applicant classified?

Life insurance companies use factors such as personal medical history, family medical history, financial situation, and sometimes avocation and occupation to place an applicant in a specific rate class.

Can the insurance company cancel my coverage if I get sick after my policy is issued?

No. Universal life insurance coverage cannot be canceled if the insured gets sick after the policy is bound by the insurance carrier, as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

What is Accidental Death Insurance?

Accidental Death insurance is an economical way to help protect your loved ones from the financial upheaval an unexpected accident can bring. The policy provides a cash payout to your beneficiary, but is different from life insurance in that it pays only if you die as a direct result of injury due to a covered accident.

I've had health problems. Can I still qualify for coverage?

Yes. Your acceptance is guaranteed regardless of your health or occupation. You will not be asked any questions about your health.

Can I sign up my spouse and children for coverage as well?

Yes. You have the option to include your whole family—your spouse and unmarried children 25 years of age or younger.

Will my benefits terminate or decrease as I get older?

As long as you keep your payments current, your coverage is guaranteed to remain level until you turn age 70, at which time your benefits will be reduced by 50%. The insurer will not terminate your coverage due to age or health issues.

If I'm not satisfied with this coverage, can I get a refund?

Accidental Death is risk-free. If you're not completely satisfied that the coverage meets your needs, simply return your policy documents within 30 days of receiving them for a full refund of any payments made—no questions asked.

What is whole life insurance?

A life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime to maturity date, as long payments are made. Whole life insurance is the most predictable type of coverage, your death benefit and cost are guaranteed.

Will my whole life insurance premium payments ever go up?

No. Your premiums are guaranteed not to go up, as long as premiums are paid according to policy specifications.

Can the insurance company cancel the coverage if the insured get sick after my policy is issued?

No. Whole life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

Is MetLife Enhanced Rate Plus (ERP) available on this product?

Yes, ERP is available on this product if the client and policy requirements under the program below can be met.

What is MetLife Enhanced Rate Plus (ERP)?

ERP is an underwriting program available to applicants who qualify that offers the opportunity to move from Standard class to best possible rating class. Applicants receive an underwriting decision within one week, with no paramedical exams or lab work required.

Who is Eligible for ERP?

Clients who are:
  • Ages: 20 - 60
  • U.S. residents with a minimum residency period of two years
  • Non-smokers—no nicotine use within the last 24 months

Do I have to go through a medical exam to get my coverage?

For the MetLife 10 Pay Whole Life policy, a medical exam is not required if you are eligible for ERP. If you are eligible for ERP, you will be interviewed by a MetLife underwriter over the telephone. If you are not eligible for ERP, traditional underwriting is required.

What types of payment plans are offered?

A variety of payment options are available, including having your payments automatically deducted from your bank account, monthly or annual credit card payments, and direct bill. Options vary by insurance company.

Why should I recommend PAUL as a solution to my clients?

There are a few features about PAUL that make it attractive, including:
  • High early cash value, which gives clients access to more cash value, faster than traditional life insurance policies
  • 1% of typical universal life surrender charges
  • Cash value growth not directly affected by market fluctuations
  • Competitive cash value accumulation

Can the face amount be changed?

Yes. PAUL has the typical rules for Universal Life (UL) products for face amount increases and/or decreases. See the Producer Guide for full details.

Is there a grace period?

Yes. Paul has the standard grace period that appears on UL policies. See the Producer Guide for full details.

What are the Death Benefit Options?

There are two death benefit options (DBOs) with PAUL: DBO A (Level) and DBO B (Increasing). See the Producer Guide for full details.

Are there any riders?

PAUL offers three optional riders: Accelerated Death Benefit Rider, Waiver of Specified Premium Rider, and Overloan Protection Rider.

Acceleration of Death Benefit Rider makes all or a portion of the death benefit available to the owner after the insured has been determined to be terminally ill with 12 months (24 months in some states) or less to live. This rider provides the policy owner with access to the greater of $250,000 or 10% of the eligible death benefit proceeds on a discounted basis while the insured is still alive. There is no cost for this rider until it is exercised.

Overloan Protection Rider (OPR) is designed to prevent a policy with a large loan from lapsing from indebtedness.

Waiver of Specified Premium Rider helps pay the policy premiums should the insured become totally disabled as defined in the rider. Premiums are credited for the amount specified in the rider and continue to be credited as long as the insured is totally disabled. Crediting will end when benefits are no longer payable under the rider.

Can clients do a single pay premium on PAUL?

Yes, they can. However, Universal Life is not "paid up" on a single premium unless it is high enough to carry the policy to maturity on guaranteed interest rates and guaranteed charges.

Is PAUL available for term conversions?

Yes, PAUL is available for term conversions.

Is MetLife Enhanced Rate Plus (ERP) available on PAUL?

Yes, ERP is available on PAUL if the client and policy requirements under the program below can be met.

What is MetLife Enhanced Rate Plus (ERP)?

ERP is an underwriting program available to applicants who qualify that offers the opportunity to move from Standard class to best possible rating class. Applicants receive an underwriting decision within one week, with no paramedical exams or lab work required.

Who is Eligible for ERP?

Clients who are:
  • Ages: 20 - 60
  • U.S. residents with a minimum residency period of two years
  • Non-smokers — no nicotine use within the last 24 months

What happens if Underwriting determines my client doesn’t qualify for ERP?

The case will go through our traditional underwriting program, and typical requirements applying to the client’s age and face amount, or based on factors such as medical history, will be ordered.

What is Long-Term Care?

Long-term care refers to assistance with the very basic, everyday activities that most of us can do for ourselves. We call them ADLs or Activities of Daily Living. As a result of illness, injury or advanced age, many people need assistance in order to eat or dress or bath. The need for long-term care may also result because a person has cognitive impairment. Some people need supervision or reminders to accomplish every day activities, such as using the toilet, eating, bathing, dressing, and so forth.

What is Long-Term Care Insurance?

Long-term care is provided to people who are unable to perform the basic tasks of everyday living on their own for an extended period due to chronic medical, physical or cognitive conditions, or disabling injuries. Long-Term Care Insurance covers long-term care services provided in a nursing home, at home, in an assisted living facility, or in other community-based settings. Medicare, Medicare supplemental insurance (Medigap), and traditional health and disability insurance plans typically do not cover long-term care services.

Who needs LTC?

The U.S. Department of Health and Human Services estimates that those ages 65 and older have a 70% chance of needing long-term care services at some point. Many people are also aware of the need to address this issue: 63% of Americans say they need long-term care insurance, according to the 2014 Insurance Barometer Study that Life Happens and LIMRA conducted. However—and here’s the catch—only 13% own it.

Am I Eligible?

Each applicant for long-term care insurance goes through an approval process called "underwriting." The underwriter must determine your ability to remain self-sufficient and live independently.

If you have been medically diagnosed as having chronic memory loss, liver cirrhosis, muscular dystrophy, Parkinson's Disease, Alzheimer's Disease, senility or dementia, or multiple strokes, if you currently need a walker, wheelchair, oxygen, or kidney dialysis, or if you currently need the ongoing assistance or supervision of another person with getting out of bed or up from a chair, bathing, dressing, going to the bathroom, controlling your bladder or eating, you won't qualify for LTC insurance.

How Much Do I Need?

A typical stay in a nursing home is estimated to cost around $30,000 a year in the South, Southeast and Midwest. In the Northeast and on the West Coast, nursing home costs can be over $65,000 per year. Part-time care at home is estimated to cost $8,000 to $20,000 a year. If you're younger than age 75, we recommend an inflation protection option, if affordable. We recommend consulting with a long-term care expert to fully estimate your need.

Are There Any Tax Advantages to Purchasing Long-Term Care Insurance?

The premiums charged for tax-qualified long-term care insurance policies are treated as medical expenses under Federal tax law which may also qualify you for a more favorable outcome on your tax return. You should check with the insurance carrier to determine if your plan is tax-qualified and consult with an attorney, accountant or tax advisor regarding the tax implications of purchasing a tax-qualified policy.

Who Pays for Long-Term Care?

About half of all long-term care expense is paid by state Medicaid programs. About one-third is paid out of pocket by individuals and their families. Medicare only provides for some skilled care in some limited situations. Neither Medicare supplemental insurance nor major medical coverage provided by most companies pays for long-term care. This leaves approximately one sixth of the total cost to be covered by other government programs and private insurance.

Does Medicaid Pay for Long-Term Care?

Yes, but in very limited situations. Medicaid will generally apply only to those with very low incomes and very few assets. Even then, there is only limited choice of what and where benefits will be provided. For example, there might be limited choice of physician and facility, no control over the number of people sharing a room, or no ability for the family to pay for any extras.

Does Medical Insurance Pay for Long-Term Care?

Although medical insurance has some aspects of long-term care, they are not the same thing. For example, some medical plans may pay for the services of a nurse while you are recovering from an illness or an injury that requires medical attention. This medical benefit is very limited. Once you are better or reach the maximum benefit for nursing services, this benefit would cease to be available. Medical insurance is not designed to cover activities of daily living. Long-term care is designed to cover activities of daily living.

Can I have this for my husband, mother or other family members?

Coverage is available at the discounted rate for both you and your spouse; coverage can also be purchased for your parent’s, parent’s in-law and adult children.

What is term life insurance?

The "term" in term life insurance refers to the period of time you want to keep continuous coverage without the risk of an increased premium. The full value of the policy is paid to the beneficiary you choose if you pass away during the plan’s term. Terms are usually between 5 to 30 years.

Will my term life insurance premium payments ever go up?

No. Your premiums are guaranteed not to go up during the specified term as long as premiums are paid according to policy specifications.

Can the company cancel my coverage if I get sick after my term life insurance policy is issued?

No. Term life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

What types of payment plans are offered?

Options vary by insurance company and by each type of product offered. A variety of payment options are available, including having your premium payments automatically deducted from your bank account, monthly or annual credit card or debit card payments, and direct billings.

How long can I keep my coverage?

The length of your life insurance coverage is based on the policy’s term. For example, if you purchase a 10-year plan, you are covered for 10 years as long as your premiums are paid. Rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums.

What is Return of Premium?

Many term life insurance plans offer a return of premium rider ("ROP Rider"). This rider will provide a return of your cost at the end of the term period.

Do I have to go through a medical exam to get my coverage?

It depends on the type and amount of life insurance you purchase. Most policies do require a medical exam, which is of no cost to you, but there are products that do not require a medical exam. We offer some of those, including a "Simplified Issue Term" product, along with other simplified issue and guaranteed issue products.

What is whole life insurance?

A life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime, as long premium payments are made. Whole life insurance is the most predictable type of coverage; the death benefit and cost of premiums are guaranteed.

Will my whole life insurance premium payments ever go up?

No. With a whole life policy, your premiums are guaranteed not to go up as long as premiums are paid according to policy specifications.

Should I buy term or permanent life insurance?

The type of life insurance you need is dependent upon your particular needs. Term life insurance is appropriate and more cost effective for temporary needs, which may be a period of one to thirty years. On the other hand, permanent life insurance is better for permanent or long-term needs. In some cases, a mix of both term life and permanent life insurance may be suitable.

What is the difference between whole life and universal life insurance?

Whole life insurance and universal life insurance are both types of permanent life insurance; however, universal life has flexible premiums and an adjustable death benefit. Whole life insurance premiums are fixed level and the death benefit is not adjustable. Another difference between these two types of insurance is cash value component’s sensitivity to market factors. The cash value in a universal life insurance policy is more sensitive to market fluctuations, while a whole life insurance policy's cash value is not sensitive.

What is involved in the life insurance application process?

The life insurance application process consists of submitting an application and a medical exam to the life insurance company. It may also be necessary for the life insurance company to contact you for a brief telephone interview.

Once we receive your completed life insurance application, it will be submitted to the insurance company for underwriting. Underwriting for fully underwritten products usually takes approximately 4-8 weeks. You will receive your policy after it is approved.

Can the insurance company cancel my coverage if I get sick after my policy is issued?

No. Whole life insurance coverage cannot be canceled if the insured gets sick after the policy is bound by the insurance carrier, as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

When does my life insurance coverage begin?

Your life insurance coverage begins once the policy has been issued and all of the delivery requirements have been returned to the insurance company. Delivery requirements may include a premium payment, statement of health, delivery acknowledgement form or amendment of application.

Temporary coverage during the underwriting process may also be available with some insurance companies.

How is an applicant classified?

Life insurance companies use factors such as personal medical history, family medical history, financial situation, and sometimes avocation and occupation to place an applicant in a specific rate class.

How can I pay for my insurance coverage?

Options vary by insurance company and by each type of product offered. A variety of payment options are available, including having your premium payments automatically deducted from your bank account, monthly or annual credit card or debit card payments, and direct billings.

What is a waiver of premium rider?

This is an optional rider on some life insurance policies that waive the cost of your policy in the event you become disabled.

What is a child rider?

This is an optional rider that provide coverage for your children. Usually the options are between $1,000 to $25,000 of coverage.

Do I have to go through a medical exam to get my coverage?

It depends on the type of life insurance you purchase. Most policies do require a medical exam, which is of no cost to you, but there are products that do not require a medical exam. We offer some of those, including our simplified issue and guaranteed issue products.

What is whole life insurance?

A life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime, as long as premium payments are made according to policy specifications. Whole life insurance is the most predictable type of coverage; the death benefit and cost of premiums are guaranteed.

Will my whole life insurance premium payments ever go up?

No. With a whole life policy, your premiums are guaranteed not to go up as long as premiums are paid according to policy specifications.

Can the insurance company cancel my coverage if I get sick after my policy is issued?

No. Whole life insurance coverage cannot be canceled if the insured gets sick after the policy is bound by the insurance carrier, as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

How can I pay for my insurance coverage?

Options vary by insurance company and by each type of product offered. A variety of payment options are available, including having your premium payments automatically deducted from your bank account, monthly or annual credit card or debit card payments, and direct billings.

Do I have to go through a medical exam to get my coverage?

For the "Simplified Issue Whole Life" policy, there is no medical exam required.

What is the Accelerated Benefit Agreement?

The Accelerated Benefit Agreement is an optional feature with no additional charge and with no effect on premium amount. This agreement allows access to a portion of the death benefit coverage in the event of the insured's terminal illness.

What is the Automatic Premium Loan Provision?

The Automatic Premium Loan Provision (APL provision) is an optional feature with no additional charge and with no effect on premium amount. This provision is included to help protect your contract when premium payments are not paid. If a premium is missed, the provision allows a policy loan to be taken from the cash value to pay the premium which will help ensure that the policy will not lapse.

What happens if I apply for this product and do not qualify?

If you do not qualify for this particular product, you will receive a notice and have the ability to call one of our insurance experts at your convenience to find a solution better fitted for you. Additionally, we will reach out to you to discuss other options for your life insurance coverage.

What is whole life insurance?

A life insurance policy that is guaranteed to remain in force for the insured’s entire lifetime, as long premium payments are made. Whole life insurance is the most predictable type of coverage; the death benefit and cost of premiums are guaranteed.

Will the premium payments ever go up?

No. With a whole life policy, your premiums are guaranteed not to go up as long as premiums are paid according to policy specifications.

Can the insurance company cancel the coverage if the insured get sick after my policy is issued?

No. Whole life insurance coverage cannot be canceled if the insured gets sick after the policy is bound by the insurance carrier, as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation.

Our life insurance experts can assist you in evaluating how much coverage is the right amount.

How can I pay for my insurance coverage?

Options vary by insurance company and by each type of product offered. A variety of payment options are available, including having your premium payments automatically deducted from your bank account, monthly or annual credit card or debit card payments, and direct billings.

Does the insured have to go through a medical exam to get coverage?

For the "Juvenile Whole Life" policy, there is no medical exam required.

What is the Accelerated Benefit Agreement?

The Accelerated Benefit Agreement is an optional feature with no additional charge and with no effect on premium amount. This agreement allows access to a portion of the death benefit coverage in the event of the insured's terminal illness.

What is the Automatic Premium Loan Provision?

The Automatic Premium Loan Provision (APL provision) is an optional feature with no additional charge and with no effect on premium amount. This provision is included to help protect your contract when premium payments are not paid. If a premium is missed, the provision allows a policy loan to be taken from the cash value to pay the premium which will help ensure that the policy will not lapse.

What is the Guaranteed Insurability Option Agreement?

The Guaranteed Insurability Option (GIO) Agreement provides future options to add additional coverage at ages 25, 28, 31 and 34 without the need for underwriting, meaning the insured's coverage could increase up to 10 times the original coverage amount. When exercising the GIO to gain additional coverage, the insured's new age will be used to calculate the premium for the new policy at its coverage amount.

The GIO Agreement is an optional feature with no additional cost and will not increase your current policy premiums when the benefit is exercised. However, additional premium will be required for the new policy.

Will my final expense whole life insurance premiums ever go up?

No. Your premiums are guaranteed not to go up, as long as premiums are paid according to policy specifications.

Can the insurance company cancel my coverage if I get sick after my policy is issued?

Final expense insurance coverage cannot be canceled, as long as premiums are paid according to policy specifications. There is a two-year waiting period, during which if the insured dies, the death benefit amount will not be paid out, unless the death was the result of an accident. The policy also will be void if the insured is in hospice or another end of life situation at the time of issuance.

Do I have to use my final expense insurance benefits on funeral and burial expenses?

No. The death benefit payout can be used however the beneficiaries would like. Funds are most commonly used to pay for funeral related services and products, but can be applied to the cost of debts or any other expense or bill.

Do I have to go through a medical exam to get my coverage?

No. Our proprietary final expense insurance product does not require a medical exam.

How can I use the money?

Use it any way you choose.

How long can I receive payments?

The length of time you can receive disability benefits varies, depending on the policy and how long you are unable to work.

How do I receive benefits?

The money is paid directly to you and can be used however you wish.

Do I have to go through a medical exam to get my coverage?

It depends on the type and amount of life insurance you purchase. Many policies do require a medical exam, which is of no cost to you, but there are products that do not require a medical exam. We offer some of those, including this "Simplified Issue Disability" product, along with other simplified issue and guaranteed issue products.

What is short-term disability insurance?

Short-term disability benefits can pay a portion of your income if you can’t work for several weeks due to a covered injury or illness — or childbirth.

What is long-term disability insurance?

Long-term disability benefits replace a portion of your income if you become disabled for more than several weeks.

How can I use the money?

Use it any way you choose.

How long can I receive payments?

The length of time you can receive disability benefits varies, depending on the policy and how long you are unable to work.

How do I receive benefits?

The money is paid directly to you and can be used however you wish.

Do I have to go through a medical exam to get my coverage?

It depends on the type and amount of life insurance you purchase. Many policies do require a medical exam, which is of no cost to you, but there are products that do not require a medical exam. We offer some of those, including this "Simplified Issue Disability" product, along with other simplified issue and guaranteed issue products.

Why is life insurance required for SBA borrowers?

Under SOP 50 10 5 (B), a "lender must determine if the viability of the business is tied to an individual or individuals. In these situations, the lender must require life insurance".

The lender will either be named on a collateral assignment form (the most common form) or as the beneficiary with special wording.

For institutions and their clients, the SBA required life insurance process is cumbersome and inefficient. The underwriting cycle can take up to three months, and institutions are also often scrambling to get the collateral assignment paperwork in place causing delays in placing the loans.

What is a Collateral Assignment?

Collateral assignment refers to the contractual designation of a company or other entity as beneficiary of a life insurance policy. The documents necessary to enact such an agreement is included in our electronic application package.

Typical insurance assignments focus on a policy's death benefit as the source of collateral for a loan. The agreement places the lender in the primary beneficiary position, ensuring the recovery of an outstanding loan balance if the owner dies before the loan is repaid. If the policy's death benefit exceeds the dollar amount of the collateral assignment, the remaining proceeds are distributed to the owner's listed beneficiaries, per the policy documents.

What happens when the loan is repaid?

Once the loan is repaid, the assignment must be removed from the policy. Rescinding the agreement requires the borrower and lender to acknowledge the fulfillment of the loan terms and removal of the lender's position as beneficiary. After the life insurance company receives the collateral assignment rescission documents, all access to cash value and policy documents is returned exclusively to the owner.

Can I terminate a policy with a collateral assignment?

Collateral assignment contracts require the policy owner to keep coverage in force for the length of the loan term. If the policy is cancelled or terminated for non-payment without replacement, the lender may consider the loan contract violated in the absence of collateral. To protect the lender from such situations, most assignment agreements institute the delivery of duplicate policy correspondences to the lender. Non-payment notices or other policy change documents would allow the lender to proactively intervene and prevent termination. In such cases, the lender might be permitted to add payments made to the insurance company to the outstanding loan principle.

What is term life insurance?

The "term" in term life insurance refers to the period of time you want to keep continuous coverage without the risk of an increased premium. The full value of the policy is paid to the person or beneficiary you choose if you pass away during the plan’s term. Terms are usually between 5 to 30 years.

Will my term life insurance premium payments ever go up?

No, your premiums are guaranteed not to go up during the specified term as long as premiums are paid according to policy specifications.

Can the insurance company cancel my coverage if I get sick after my term life insurance policy is issued?

No, term life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

For SBA loans, the lender will dictate how much insurance coverage is required—usually an amount equal to the loan principal.

You can opt to buy insurance in excess of the loan amount, and in the event of an untimely death, the death benefit proceeds above the loan amount would be paid out to your beneficiaries.

How long can I keep my coverage?

The length of your life insurance coverage is based on the policy’s term. For example, if you purchase a 10-year plan, you are covered for 10 years as long as your premiums are paid. Rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums. For SBA Term, the term amount should be equal to or greater than the term length of the loan.

Will my universal life insurance premium payments ever go up?

With a single premium universal life policy, you only make a single, initial premium payment which funds the entire policy.

Can the insurance company cancel my coverage if I get sick after my policy is issued?

No. Your coverage cannot be cancelled if the insured gets sick after the policy is bound by the insurance carrier.

Are there any riders?

Symetra Successor offers the following product features: Accelerated Death Benefit Rider for Terminal Illness, Accelerated Death Benefit Rider for Cognitive Impairment and Limited Activities of Daily Living. The ability to make withdrawals and take loans, and Return of Premium Guarantee.

Accelerated Death Benefit Rider for Terminal Illness allows for the insured to access up to 75% of the policy’s death benefit ($250,000 Maximum) if the insured is certified by a physician to be terminally ill with less than 12 months to live. The benefit is paid in a lump sum without any surrender charges, minus any outstanding loans and loan interest.

Accelerated Death Benefit Rider for Cognitive Impairment and Limited Activities of Daily Living allows for the insured to access up to 50% of the policy’s death benefit ($250,000 maximum). The insured is eligible for this benefit if he/she is unable to perform at least two of the six activities of daily living for a consecutive 90-day period or; if the insured has a severe cognitive impairment for 90 consecutive days, requiring supervision to ensure the health and safety of himself or herself and others.

Withdrawals and Loans
  • The insured can withdraw 10% of premium paid without a fee each policy year. If more than 10% is withdrawn during the first 10 years, there will be a surrender charge.
  • The insured can take a loan on the policy’s cash value at a net interest rate of 3%.
Return of Premium Guarantee allows for the insured to receive a return of 100% of the policy’s principal, minus any withdrawals, outstanding loans and loan interest. If loans are outstanding for more than 6 months, this guarantee will be terminated.

Do I have to go through a medical exam to get my coverage?

It depends on the amount of life insurance you plan to purchase. We offer a simplified issue product, which does not require a medical exam, for policies with a single premium payment of $25,000 to $150,000. If you are looking for more coverage or do not qualify for simplified issue underwriting, you will likely be required to undergo a medical exam, which is of no cost to you.

Why should an insurance policy be converted?

Often as people age they realize the importance of continuing to provide protection for their loved ones once they are gone. They also don’t want to become a burden on their family who have to pay their final expenses. Unfortunately, most people realize this when it is too late and the cost of life insurance coverage becomes expensive and often very difficult to obtain. By utilizing a conversion, the insured has guaranteed approval without the unknowns of health rating and pricing. Another common reason many people consider converting their policies is their health has changed since the original policy was issued and they want to leverage the superior rating by making their policy or a portion of their policy last for their entire lifetime. There are numerous other reasons to consider converting an insurance policy, which you can discuss with one of our insurance experts.

When should I consider converting my policy?

Insureds should consider converting their policy any time before they lose their conversion rights. A lot of policies are only convertible in the first half of the contract or to a certain age—whichever comes first. For example, a 20-year term policy is often only eligible for conversion in the first 10 years of the contract.

Many insureds also convert their policy or a portion of their policy while they are younger. The benefits of converting a policy at an earlier age are tremendous. The premiums of the policy will be lower, and there will be more time for the policy to build tax-efficient cash value.

What are some typical events that should trigger a conversion?

There are numerous reasons to look at converting your policy related to evaluating your current needs and objectives. Below is a list of definite factors that may be a trigger to look at a conversion:
  • Last year with the ability to convert
  • Any type of health issue
  • Age change
  • Diagnosed with a disability
    • Might have some favorable options
  • Income change
    • In need of another tax deferred accumulation vehicle
  • Coverage needs have changed
  • Diagnosed with a terminal/chronic illness

What Are Some Basic Life Insurance Terms I Should Know?

Policy owner
The policy owner is the person who owns the life insurance policy. In many cases, the policy owner is also the person who is insured by the policy. However, the policy owner may also be a relative of the insured, a trust, partnership, or a corporation.

Beneficiary
A beneficiary is the person(s) selected by the policy owner to receive the life insurance payments upon the death of the insured.

Premium
Premiums are the payments made to the insurance company to purchase and keep a policy active.

Death benefit
A death benefit is the amount paid to the beneficiary at the time of the death of the insured.

Face amount
The face amount of the policy is the amount of the death benefit as stated in the policy. This does not include additional amounts that the policy may provide.

Insurability
Insurability refers to how likely an applicant is to be offered coverage based on current health, medical background, family history and other factors.

How Much Life Insurance Do I Need?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

Why Do I Need Life Insurance?

A death in the family is not only emotionally tragic; it can also take a tremendous toll on the future financial security of a family. Suddenly, paying the mortgage or providing for a child's college education may become much more difficult. Those who make the decision to buy life insurance do so to help ensure their loved ones are taken care of financially in the event the unforeseen occurs.

What Kinds of Life Insurance Are There, and How Do They Differ?

The two main types of life insurance are term life insurance, which offers coverage that may be purchased for a specific time period, and permanent life insurance, which offers protection for an entire lifetime. There are a number of affordable term life insurance products and several types of permanent life insurance, including whole life insurance, universal life insurance, variable universal life insurance, and survivorship life insurance.

What Are the Benefits of Term Life Insurance?

Term life insurance is life insurance coverage designed to be purchased for a specific time period, typically between 5 and 30 years. Term life insurance is an affordable way to get maximum coverage throughout that time frame, and is great for helping to cover specific financial responsibilities, such as paying for a mortgage or saving for college expenses.

What Are the Benefits of Permanent Life Insurance?

Permanent life insurance is protection for your entire life, as long as sufficient premiums are paid. Properly structured and maintained permanent life insurance builds equity in the form of cash value which you can use as you see fit. There are many different options and flexible policies to choose from to suit your needs (whole, variable, and universal life, to name a few).

What is term life insurance?

The "term" in term life insurance refers to the period of time you want to keep continuous coverage without the risk of an increased premium. The death benefit of the policy is paid to the beneficiary you choose if you pass away during the plan’s term. Term durations are 10, 15, 20, and 30, depending on issue age.

Will my term life insurance premium payments ever go up?

No. Your premiums are guaranteed not to go up during the specified term.

Can the company cancel my coverage if I get sick after my term life insurance policy is issued?

No. Term life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-free death benefit.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

How long can I keep my coverage?

The length of your life insurance coverage is based on the policy’s term. For example, if you purchase a 10-year plan, you are covered for 10 years as long as your premiums are paid. Rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums.

Do I have to go through a medical exam to get my coverage?

It depends on the amount of life insurance you purchase. Most policies do require a medical exam, which is of no cost to you. One thing to note with the medical exam with PRIME Term is that Pacific Life controls this process so if you do not get the rate you desire you would need to undergo an additional exam in order to re-apply with a different carrier. With most other carriers our internal case management team controls the exam process so we have the flexibility to re-apply with different carriers if needed.

What is Long-Term Care?

Long-term care refers to assistance with the very basic, everyday activities that most of us can do for ourselves. We call them ADLs or Activities of Daily Living. As a result of illness, injury or advanced age, many people need assistance in order to eat or dress or bath. The need for long-term care may also result because a person has cognitive impairment. Some people need supervision or reminders to accomplish every day activities, such as using the toilet, eating, bathing, dressing, and so forth.

What is Long-Term Care Insurance?

Long-term care is provided to people who are unable to perform the basic tasks of everyday living on their own for an extended period due to chronic medical, physical or cognitive conditions, or disabling injuries. Long-Term Care Insurance covers long-term care services provided in a nursing home, at home, in an assisted living facility, or in other community-based settings. Medicare, Medicare supplemental insurance (Medigap), and traditional health and disability insurance plans typically do not cover long-term care services.

Who needs Long-Term Care (LTC)?

The U.S. Department of Health and Human Services estimates that those ages 65 and older have a 70% chance of needing long-term care services at some point. Many people are also aware of the need to address this issue: 63% of Americans say they need long-term care insurance, according to the 2014 Insurance Barometer Study that Life Happens and LIMRA conducted. However—and here’s the catch—only 13% own it.

Am I Eligible for Pacific PremierCare Advantage?

Each applicant for PremierCare Advantage goes through an approval process called "underwriting." The underwriter must determine your ability to remain self-sufficient and live independently. If you have been medically diagnosed as having chronic memory loss, liver cirrhosis, muscular dystrophy, Parkinson's Disease, Alzheimer's Disease, senility or dementia, or multiple strokes, if you currently need a walker, wheelchair, oxygen, or kidney dialysis, or if you currently need the ongoing assistance or supervision of another person with getting out of bed or up from a chair, bathing, dressing, going to the bathroom, controlling your bladder or eating, you won't qualify for Pacific PremierCare Advantage insurance.

How Much Insurance Do I Need?

A typical stay in a nursing home is estimated to cost around $30,000 a year in the South, Southeast and Midwest. In the Northeast and on the West Coast, nursing home costs can be over $65,000 per year. Part-time care at home is estimated to cost $8,000 to $20,000 a year. If you're younger than age 75, we recommend an inflation protection option, if affordable. We recommend consulting with a long-term care expert to fully estimate your need.

Who Pays for Long-Term Care?

About half of all long-term care expense is paid by state Medicaid programs. About one-third is paid out of pocket by individuals and their families. Medicare only provides for some skilled care in some limited situations. Neither Medicare supplemental insurance nor major medical coverage provided by most companies pays for long-term care. This leaves approximately one sixth of the total cost to be covered by other government programs and private insurance.

Does Medicaid Pay for Long-Term Care?

Yes, but in very limited situations. Medicaid will generally apply only to those with very low incomes and very few assets. Even then, there is only limited choice of what and where benefits will be provided. For example, there might be limited choice of physician and facility, no control over the number of people sharing a room, or no ability for the family to pay for any extras.

Does Medical Insurance Pay for Long-Term Care?

Although medical insurance has some aspects of long-term care, they are not the same thing. For example, some medical plans may pay for the services of a nurse while you are recovering from an illness or an injury that requires medical attention. This medical benefit is very limited. Once you are better or reach the maximum benefit for nursing services, this benefit would cease to be available. Medical insurance is not designed to cover activities of daily living. Long-term care insurance is designed to cover activities of daily living.

Can the life insurance policyowner access the policy cash value, if the policyowner is not on an LTC claim?

Yes, you can access available policy cash value through policy loans, withdrawals or full surrender.

Do I have to go through a medical exam to be approved for a Pacific PremierCare Advantage policy?

Underwriting is done on a simplified underwriting basis, meaning no medical exam will be required.

What happens if I apply for this product and do not qualify?

If you do not qualify for this particular product, you will receive a notice and have the ability to call one of our insurance experts at your convenience to find a solution better fitted for you. Additionally, we will reach out to you to discuss other options for your life insurance coverage.

What is the difference between whole life and index universal life insurance?

Whole life insurance and index universal life insurance are both types of permanent life insurance; however, index universal life has flexible premiums and an adjustable death benefit. Whole life insurance premiums are fixed level and the death benefit is not adjustable. Another difference between these two types of insurance is cash value component’s sensitivity to market factors. The cash value in an index universal life insurance policy is more sensitive to market fluctuations, while a whole life insurance policy's cash value is not sensitive. The crediting rate of an index universal life policy is tied to a chosen index or multiple indexes.

When does my life insurance coverage begin?

Your life insurance coverage begins once the policy has been issued and all of the delivery requirements have been returned to the insurance company. Delivery requirements may include a premium payment, statement of health, delivery acknowledgement form or amendment of application.
Temporary coverage during the underwriting process may also be available with some insurance companies.

Is my money invested in the stock market?

No. The policy cash value is held within the carriers general account, however the policy crediting rate is tied to a market index or indexes that are selected. There is also a fixed account option that can be selected for this policy which would not be tied to an market index.

How is an applicant classified?

Life insurance companies use factors such as personal medical history, family medical history, financial situation, and sometimes avocation and occupation to place an applicant in a specific rate class.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Do I have to go through a medical exam to get my coverage?

Coverage decisions are specific to each clients situation. This product utilized a simplified issue underwriting guideline if your client meets the criteria to qualify for a simplified issue process a medical exam will likely not be required. The general guideline for the simplified issue process is if the client makes $200,000 or more annually and is applying for less than $3 million of coverage, but Pacific Life reserves the right for final decision.

What is term life insurance?

The "term" in term life insurance refers to the period of time you want to keep continuous coverage without the risk of an increased premium. The full value of the policy is paid to the beneficiary you choose if you pass away during the plan’s term. Terms are between 10 to 30 years.

Will my term life insurance premium payments ever go up?

No. Your premiums are guaranteed not to go up during the specified term as long as premiums are paid according to policy specifications.

Can the company cancel my coverage if I get sick after my term life insurance policy is issued?

No. Term life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?

Our life insurance experts can assist you in evaluating how much coverage is the right amount.

How long can I keep my coverage?

The length of your life insurance coverage is based on the policy’s term. For example, if you purchase a 10-year plan, you are covered for 10 years as long as your premiums are paid. Rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums.

Do I have to go through a medical exam to get my coverage?

It depends on the amount of life insurance you purchase. Most policies do require a medical exam, which is of no cost to you. One thing to note with the medical exam with PRIME Term is that Pacific Life controls this process so if you do not get the rate you desire you would need to undergo an additional exam in order to re-apply with a different carrier. With most other carriers our internal case management team controls the exam process so we have the flexibility to re-apply with different carriers if needed.

What is term life insurance?

The "term" in term life insurance refers to the period of time you want to keep continuous coverage without the risk of an increased premium. The full value of the policy is paid to the beneficiary you choose if you pass away during the plan’s term. Terms are between 10 to 30 years.

Will my term life insurance premium payments ever go up?

No. Your premiums are guaranteed not to go up during the specified term as long as premiums are paid according to policy specifications.

Can the company cancel my coverage if I get sick after my term life insurance policy is issued?

No. Term life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?

Our life insurance experts can assist you in evaluating how much coverage is the right amount.

How long can I keep my coverage?

The length of your life insurance coverage is based on the policy’s term. For example, if you purchase a 10-year plan, you are covered for 10 years as long as your premiums are paid. Rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums.

Do I have to go through a medical exam to get my coverage?

It depends on the amount of life insurance you purchase. Most policies do require a medical exam, which is of no cost to you. One thing to note with the medical exam with PRIME Term is that Pacific Life controls this process so if you do not get the rate you desire you would need to undergo an additional exam in order to re-apply with a different carrier. With most other carriers our internal case management team controls the exam process so we have the flexibility to re-apply with different carriers if needed.

What is term life insurance?

The “term” in term life insurance refers to the period of time you want to keep continuous coverage without the risk of an increased premium. The full value of the policy is paid to the beneficiary you choose if you pass away during the plan’s term. Terms are between 10 to 30 years.

Will my term life insurance premium payments ever go up?

No. Your premiums are guaranteed not to go up during the specified term as long as premiums are paid according to policy specifications.

Can the company cancel my coverage if I get sick after my term life insurance policy is issued?

No. Term life insurance coverage cannot be canceled as long as premiums are paid according to policy specifications.

How much coverage should I purchase?

The amount of coverage needed for each person is unique to his or her personal and financial situation. Life insurance has a variety of uses which should be considered, including as protection for family in the case of an untimely death and providing a tax-advantaged inheritance.

Here are some additional things to keep in mind as you make your decision:

  • How many children do you have and how old are they?
  • Who primarily cares for your children? Would that change after your death?
  • Do you already have college funds and retirement savings?
  • Does your spouse work? Would that change after your death?
  • What will it cost to pay off your home mortgage and other debt?
  • What will it cost for your family to maintain their lifestyle?
  • How much would you want to leave your family as an inheritance?
Our life insurance experts can assist you in evaluating how much coverage is the right amount.

How long can I keep my coverage?

The length of your life insurance coverage is based on the policy’s term. For example, if you purchase a 10-year plan, you are covered for 10 years as long as your premiums are paid. Rates are guaranteed during the term period selected, but life insurance coverage may be available beyond the initial term length at increased premiums.

Do I have to go through a medical exam to get my coverage?

It depends on the amount of life insurance you purchase. Most policies do require a medical exam, which is of no cost to you. One thing to note with the medical exam with PRIME Term is that Pacific Life controls this process so if you do not get the rate you desire you would need to undergo an additional exam in order to re-apply with a different carrier. With most other carriers our internal case management team controls the exam process so we have the flexibility to re-apply with different carriers if needed.

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*Pacific PRIME is a registered trademark of Pacific Life, all rights reserved. Pacific PRIME Term policy form #P12TRS or ICC12 P12TRS for simplified underwritten policies and policy form #P12TRF or ICC12 P12TRF for fully underwritten policies. Policy form number based on state of policy issue. Form numbers will vary based on the age of the insured and the face amount chosen at time of application. Form numbers also correspond to the underwriting method associated with the application.

Pacific PremierCare Advantage (Form #P12PPC or ICC12 P12PPC—form # based on state of policy issue) is a flexible premium adjustable life insurance policy with long-term care insurance payable through reimbursements. Pacific PremierCare Advantage is not a Partnership Qualified product. For more information on Partnership Qualified products, please contact your state department of insurance. Pacific PremierCare Advantage is subject to underwriting and approval of the application and may include obtaining records from a physician. No medical exam is required, but a Medical Information Bureau (MIB) and prescription report will be ordered and a Personal History Interview and Cognitive Assessment will be performed via telephone as part of the underwriting process.

This product is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). When benefits are received from multiple policies providing long-term care or chronic illness benefits for a given insured, including policies with different owners, all of those benefits must be aggregated to determine their taxability. Pacific Life cannot determine whether the benefits are taxable. If there are any questions concerning the tax implications of this product, qualified and independent legal and tax advisors should be consulted.

Only one premium is necessary to fund Pacific PremierCare Advantage. While this product allows additional premiums, they are not required and do not provide additional Long-Term Care (LTC) Benefits, a greater Return of Premium Benefit, or increased Death Proceeds(unless a subsequent increase in the policy’s cash value requires a death benefit increase to satisfy IRC Section 7702 requirements). A premium load will apply to each premium payment. Once a sufficient premium has been paid, the LTC coverage will continue as long as the insured lives; or until the policy is surrendered at the owner’s request; or until the maximum LTC benefits have been paid; or until policy lapse. Policy charges (cost of insurance and coverage charges) are deducted from the policy’s accumulated value on a monthly basis. Policy lapse will only occur where the policy’s cash value less policy debt is not sufficient to cover monthly policy charges. Prior to lapse, the policy provides 61 days to pay premium sufficient to keep the policy in force.

Reimbursements for covered long-term care (LTC) expenses are subject to an elimination period and are provided by the Accelerated Benefit Rider (ABR) for Long-Term Care (Form #R12ABR or ICC12 R12ABR]) and the Extended Benefit Rider (EBR) for Long-Term Care(Form #R12EBR or ICC12 R12EBR). (Rider form numbers vary based on state in which policy is issued.) The amount and duration of the maximum LTC benefits will be based on the benefit options elected at time of application. Coverage elected for longer than two years is only provided through a combination of the ABR and EBR. Actual amount and duration of LTC benefits will vary based on the use of policy benefits and features. Covered LTC expenses will be reimbursed until the total LTC benefits are exhausted, which may vary from the elected duration. Premiums for LTC benefits will vary depending upon the benefit options elected. Charges for the ABR, EBR, and any Inflation Benefit Option are included in the scheduled premium payment(s).


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