Single Premium
what is the life limit for the SP product?
200K
what is the life limit for the LOC product?
100K
What is the maximum amount of life coverage for the Outstanding Balance product?
! mil
What is the maximum life coverage amount?
1 mil
Can I add Critical Illness to all lending applications
YES- rider to life coverage
what is the disability limit for the Single Premium product?
$3,000
what is the disability limit for the LOC product?
$3,000 K
What is the maximum disability payment?
$6,000
what is the maximum disability coverage amount
Can I add Involuntary Unemployment to all lending applications?
YES - rider to life coverage
what is the maximum amortization period?
15 years
what is the life termination age for the LOC product?
75 years old
Does Outstanding Balance have health questions- no matter what the limit is?
NO- 20K and less there are no health questions
age, smoker status and amount of mortgage
What is the aggregate limit for Outstanding Balance and Mortgage?
1 mil
What is the benefit period for disability coverage?
120 months
Disability coverage will pay up to how many months?
24 months
How long does the disability coverage last?
60 mths
How many life questions are there?
How many disability questions are there?
2 life
2 disability
Can I get just disability on my loan, LOC or Mortgage?
YES -stand alone product
Does Single Premium have health questions?
NO- up to 100K
YES over 100K
What is the termination age for the disability coverage on the LOC product?
75 years old
What is the termination age for life and disability coverage?
75 years
Can you use mortgage protection to protect a loan?
YES
both are declining balances
What is a pre-existing condition?
an illness or injury which you received or seek medical care, diagnosis, treatment including prescription medication for prior to getting the lending application