Benefits of Simplified Issue Whole Life

Below is a quick reference for the benefits of simplified issue whole life:

  • 1st Day Coverage. For non-modified plans, you are fully protected the very first day your coverage goes into effect with no waiting period.
  • Ease of Issue. No physical exams.
  • Premiums will Never Go Up. Lock into a rate at your current age and the cost will never increase regardless of changes to your health and age.
  • Benefits will Never Go Down regardless of changes to your health and age.
  • All Policies Build Cash Value.
  • Benefit is Paid Tax Free for lump sum payments.
  • Your Policy Can Never be Cancelled as long as premium payments are made.
  • Protected Asset. You will never be forced to liquidate this plan (assuming you have a living beneficiary).

If you have any questions about these benefits of simplified issue whole life, don’t hesitate to send us a message.

Author: ctopping

Licensed life insurance agent serving Houston and surrounding cities for over 8 years.

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