LIMITED BENEFIT PLANS: MODIFIED - $15,000 MAXIMUM

Question 1

Limited Benefit Plans are Whole Life Plans and have up to $15,000 in Coverage. What is the Minimum Face Amount of the MODIFIED?

Answer 1

LIMITED BENEFIT PLANS
MODIFIED PLAN:
Minimum Face Amount: $1,000.

Question 2

Limited Benefit Plans are Whole Life Plans and have up to $15,000 in Coverage. What are the Issue Ages of the MODIFIED PLAN?

Answer 2

LINITED BENEFIT PLANS
MODIFIED PLAN:
Issue Ages: 0 - 85

Question 3

Limited Benefit Plans are Whole Life Plans and have up to $15,000 in Coverage. What are the Tobacco Nicotine restrictions of the MODIFIED PLAN?

Answer 3

LIMITED BENEFIT PLANS
MODIFIED PLAN:

No Restrictions for Tobacco/Nicotine Use

Question 4

Limited Benefit Plans are Whole Life Plans and have up to $15,000 in Coverage. What are the benefit payouts OF THE MODIFIED PLAN?

Answer 4

LIMITED BENEFIT PLAN
MODIFIED PLAN:
Benefit: Year 1-2 110% of Premiums Paid;
Year 3+ Full Face Amount

Question 5

Limited Benefit Plans are Whole Life Plans and have up to $15,000 in Coverage. Who are the elegible clients for the MODIFIED plan?

Answer 5

LIMITED BENEFIT
MODIFIED PLAN:
For Those With Moderate Health Conditions