GREAT WESTERN: ASSURANCE PLUS

Question 1

What is Great Western’s level benefit ASSURANCE PLUS PRODUCT?

Answer 1

Great Western’s ASSURANCE PLUS product is a first-day coverage product. The ASSURANCE PLUS product is a level benefit product.

Question 2

What are the issue ages of the ASSURANCE PLUS product?

Answer 2

ISSUE AGES:
Age Last Birthday: 40 - 80

Question 3

What are the issue classes of the ASSURANCE PLUS product?

Answer 3

ISSUE CLASSES: MALE/FEMALE
FACE AMOUNTS $1,000 TO $40,000

Question 4

What is the Death Benefit of the ASSURANCE PLUS product?

Answer 4

Level Death Benefit: First-Day Coverage with additional 25% payout on the total face amount.

Question 5

What are the rider features of the ASSURANCE PLUS product?

Answer 5

The ASSURANCE PLUS product has two rider options:

(1) Accelerated Death Benefit Rider and (2) Child/Grandchild Rider.

1. Accelerated Death Benefit Rider is no additional cost. Benefit is paid as a lump sum payment based on the present value of the death benefit.
   
   • Terminal Illness: Life expectancy is 12 months or less.
   • Chronic Illness: Cannot perform Activities of Daily Living (ADLs) for at least 90 days or requires substantial supervision.
2. Child/Grandchild Rider is an optional rider that the applicant can purchase at the time of application for only $1.00 per month. This rider will pay $2,500 on the death of a dependent child or grandchild.

Question 6

Does the ASSURANCE PLUS product have any medical/underwriting questions?

Answer 6

Yes. The ASSURANCE PLUS product has 4 medical/underwriting question that the client must answer “no” to all in order to qualify for the ASSURANCE PLUS product. If the client answers “Yes” to any of the 4 medical/underwriting questions s/he will not qualify; however, you can then pivot to Great Western’s GUARANTEED ASSURANCE product which does not have any medical/underwriting question, but will be more expensive.