LifeScape® Single Premium Whole Life Insurance
(Policy Form No. 0680)
For an older individual interested in buying a guaranteed death benefit with a single payment. Creates a modified endowment contract but if held until death there is no adverse tax impact. Alternative to taxable fixed investments. True single-premium purchase with guaranteed contract maturity. Lowest cost permanent life insurance per thousand. Can purchase additional coverage within the first six months, if underwritten at initial application. Ideal for those who want to leave an estate but don’t want to budget premiums into current lifestyle
Issue Ages:
Non tobacco: 0-80
Tobacco: 16-80
(All applications submitted as non-medical)
Minimum Face Amount:
$10,000 for issue ages 0-54
$5,000 for issue ages 55 and older