LIMITED BENEFIT PLAN - GUARANTEED ISSUE - $10K MAXIMUM Flashcards

1
Q

GUARANTEED ISSUE is a LImited Benefit, Whole Life plan, with a Maximum Face Amount of $10,000. What is the minimum Face Amount of GUARANTEED ISSUE?

A

LIMITED BENEFITS
GUARANTEED ISSUE PLAN:
Minimum Face Amount: $1,000

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2
Q

GUARANTEED ISSUE is a LImited Benefit, Whole Life plan, with a Maximum Face Amount of $10,000. What are the Issue Ages of GUARANTEED ISSUE PLAN?

A

LMITED BENEFIT PLAN
GUARANTEED ISSUE:
Issue Ages 0 - 85

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3
Q

What are the Tobacco/Nicotine Restrictions for Tobacco/Nicotine use in the GUARANTEED ISSUE PLAN?

A

LIMITED BENEFIT PLAN
GUARANTEED ISSUE:
No Restrictions for Tobacco/Nicotine Use

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4
Q

Who is elegible for **GUARANTEED ISSUE **plan?

A

LIMITED BENEFIT
GUARANTEED ISSUE:
Guaranteed To Anyone 0 - 85, Regardless of Health Conditions

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5
Q

What are the benefits of GUARANTEED ISSUE PLAN?

A

LIMITED BENEFIT
GUARANTEED ISSUE:
Benefit: Years 1-3 110% Of Premiums Paid; Year 4+ Full Face Amount

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