Viking Magazine - May 2018 - 11

The Guaranteed Issue Whole Life
Policy can be purchased regardless of
your health status. There is no medical
exam or health questionnaire.
" You can get a policy
guaranteed, with
no underwriting, "
says Sons of
Norway's Director
of Agencies Len
Carlson. " It's
coverage you
can count on. No
questions asked. "
You can choose a policy with
a death benefit between $5,000 and
$25,000. It can be issued from age
zero to 85. The benefit is not subject
to federal income tax. Premiums
are fixed.
This is a solution for people who
think they could never get a policy
" A life insurance
policy can be
earmarked to pay for
final expenses. "
-Lynn Bartness, FBC
because of their age or health. " With
the guaranteed issue, you will not be
turned down, " says Bartness.
If you die within the first two years
of purchasing the guaranteed
issued whole life policy, the
premiums will be returned to
the beneficiary with interest.
After three years, the entire
death benefit is paid out.
A Simplified Issue Whole
Life Policy provides up to
$50,000 in coverage. There is also
no medical exam, but the policyholder
must answer a few health questions
to qualify. When a rider such as the
guaranteed purchase option is attached
to the policy, the insured is allowed to
purchase up to $25,000 at ages 22, 25,
28, 31, 34, 37 and 40 without proof
of insurability.
The simplified issue whole life policy
also has a guaranteed premium, cash
value and death benefit. It can be issued
from age zero to 85. You have options
of paying the premiums monthly,
quarterly, semi-annually or annually.
" With these two new life products,
it makes it easier and more convenient
for you to get coverage, " says Bartness.
No one wants to think about
death and estate planning, which
can be overwhelming. But a financial
professional, such as a Sons of Norway
Financial Benefits Counselor, can help
with the process. Setting aside money
or purchasing life insurance for final
expenses can ensure your family
is taken care of when you are not
around. " It can provide peace of mind
for the policy owner and eliminate
stress and anxiety for the family, "
says Carlson.
Sons of Norway, 1455 West Lake Street, Minneapolis, MN, offers financial products, but not all products are available in all states.
Products issued by Sons of Norway are available to applicants who meet membership, insurability and residency requirements.
Funeral Costs on the Rise
Is Your
Family Protected?
Final expenses continue to
increase faster than the rate of
inflation. A National Foundation
for Credit Counseling online
poll found that 83 percent
of Americans are either not
prepared to take on the financial
responsibilities associated with
a funeral, or had no idea what
a funeral costs. The best way to
cover final expenses is through
life insurance.
11k
10k
9k
8k
7k
6k
5k
4k
3k
2k
1k
$10,014
$6,560
$5,108
$1,809
1960 1980 2000 2009 2020
$708
sonsofnorway.com VIKING MAY 2018 11

http://www.sonsofnorway.com

Viking Magazine - May 2018

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