Assumption life offers three simplified insurance policies under their non-medical life insurance umbrella.
The first is Total Protection, which has a limited number of health questions and no medical tests. The premiums on Total Protection are higher and the death benefit has a two-year waiting period on non-accidental deaths.
Their flagship plans, Golden Protection and Golden Protection Plus, are also available without a medical but, have an increased number of health questions. Both plans offer coverage from day one, a living benefit feature at no additional cost, an accidental fracture rider, immediate coverage with no waiting period, and a built-in accidental death benefit feature.
The difference between the two coverage plans is as follows:
Golden Protection -Available to individuals aged 40 to 85 -Face amounts range from $1,000 to $50,000 -Death benefit is level.
Golden Protection Plus Available to individuals aged 40 to 80 Face amounts range from $1,000 to $30,000 Death benefit increases by 3% per year.
The Golden Protection Plus tends to be a better value among younger applicants.
I have been in the insurance business for almost 45 years (since the end of October, 1969 - wonder how many of LSM's crew were even born LOL). It is a pleasure to be involved with this firm. They are part of a TINY group of advisers who understand Living Benefits and actually work in that area.
They are true quality professionals who care about their clients and truly work for THEM. I can honestly say that - if you are looking for any product they sell, you should deal with LSM. Their true interest is YOU - their client. You will always be pleased with your choice
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