The Waiting Period
There is a two year waiting period before this policy will pay the full death benefit. If the insured party does not live past the two year waiting period, the policy will return any previously paid premiums — plus 10% interest. This return is far better than what a savings account would deliver, if you were to withdraw your money and place it elsewhere.
This policy is only available to individuals within the 40-80 age bracket. We do, however, have a company that will offer lower amounts of coverage for younger applicants. Local Life Agents offers guaranteed issue life insurance policies starting at age 25. For more information about that option, you will need to speak with us directly.