Depending on case size simplified underwriting or guaranteed standard issue for the life coverages are available. Unique Features Available Coverages Plan Features Unique Features Enables employer to make supplemental insurance products available at the workplace. Life policies are individually owned and portable.
Coverages are also available for spouses and children of eligible employees.
The Masterplan features competitive interest rates, opportunity for cash value accumulation, flexibility and simplicity. The flexibility of this plan allows policyholders to increase coverage with evidence of insurability or decrease coverage within federal guidelines. The premiums may increase or decrease, but may never exceed the guaranteed maximum premium stated in the policy. Level term policies are convertible to a permanent plan of insurance prior to the policy anniversary date following the insured's 70th birth date, while the policy is in force. A conversion credit will also be applied toward the first modal premium of the new permanent policy.