What is a unit?
A unit of coverage corresponds to the life insurance benefit amount you can purchase. It depends on age, gender (in Montana, age only) and state. Please get a quote to see benefit amounts and premiums available to you for up to 25 units of coverage.
Do I have to answer any medical questions?
You don't have to answer any questions about your health or take a physical exam. Your acceptance is guaranteed!
As I get older, will my benefits be reduced?
No. After your coverage begins, your benefit will not decrease as you grow older or if your health changes. Acceptance is guaranteed because of a limited benefit for death during the first two years.
Will my rate go up every year?
Once your coverage takes effect, your rate will stay the same as long as you keep your insurance.
Will my coverage be cancelled as I age?
Absolutely not. Your coverage can stay in force as long as you pay your premiums when due.
Can I take a loan against the cash value of my guaranteed acceptance life insurance?
Yes. If your coverage is in force and has a cash value yes, you may obtain a loan on it. The interest rate is 8% compounded annually. Any loan amount and interest that has not been repaid at the time of death is deducted from the death benefit. Please refer to your policy/certificate for more information or call our toll-free service number 1-877-877-8052
Does this plan pay benefits even if I have other insurance?
Yes. Your guaranteed acceptance life insurance plan will pay benefits directly to your beneficiary or beneficiaries in addition to any other insurance you might have.
What is a beneficiary?
A beneficiary is the person or entity you designate to receive the proceeds of your policy
