Sons of Norway Final Expense
If you have clients who are looking for a guaranteed issue life plan for ages 0-85; you will be happy to know we have added one called Sons of Norway Final Expense. Sons of Norway offers clients 2 plan types.
Sons of Norway rates: Lowest rates in market for GI and level simplified issue
Both the simplified issue and guaranteed issue policies have a huge rate advantage over other common final expense plans. Agents can access our final expense quote site at no cost to see the price point of the plan. Call our office to get a username and password to access the quote site
Watch a recorded webinar on how to use our quote site:
The first type of plan is a simplified issue whole life policy. Some features of this plan include:
Policies issued to individuals between the ages of 0 to 85. The premiums are payable until the insured reaches the age of 121.
Simple application; questions are easy to answer. Underwriting is simplified. No physical is necessary.
Face amounts available are: Ages 0 – 59 $25,000 to $50,000 or ages 60 – 85 $10,000 to $50,000.
Guaranteed cash value: If an insured needs cash, they have access to the cash value of the policy when needed.
Members receive dividends: Each year members receive refund payments starting at the end of the second year. There are several payment options available.
Click here for more details – Sons of Norway, Final Expense Simplified Issue
If you need a paper application, they are available by state. Just click the links below. If you do not see the state you are looking for, use the application found in the last link below.
CA – Simplified Issue paper App
FL – Simplified Issue paper App
MT – Simplified Issue paper App
ND – Simplified Issue paper App
SD – Simplified Issue paper App
For a simplified Issue paper app for all other states – click here
NY – Single Premium Whole Life only – paper App
The Second type of plan is the guaranteed issue whole life policy. This plan includes the following:
For the GI policies, the issue ages range from 0 to 85 years old on your last birthday. Premiums are payable until insured reaches age 121.
The face amounts of these policies is from $5,000 to $25,ooo.
Death benefits; during the first 24 months, non-accidental death benefits equal any premiums paid and 4.5% interest from date premiums were received until date of death. The death benefits due to accident equal the policy face amount. Once the client has passed the 24 month period, the death benefit will equal policy face value regardless of cause.
The cash values of these policies are guaranteed at issue. Issue date is the first day that headquarters receives the application, payment and membership dues.
No riders available on these policies.
To view more plan details for Sons of Norway – Final Expense Guaranteed Issue – click here.
If you would like a paper application for the GI plans, click the links below. Use the last link below for any state that participates in this plan and is not listed individually.
CA – Guaranteed Issue paper App
FL – Guaranteed Issue paper App
MT – Guaranteed Issue paper App
ND – Guaranteed Issue paper App
SD – Guaranteed Issue paper App
Guaranteed Issue paper app – click here
These plans are not available in the following states: Maine, Vermont, West Virginia, Kentucky, Tennessee, Georgia, Alabama, Mississippi, Arkansas, New Mexico, Wyoming and Michigan.
Click here to view map of approved states for selling Sons of Norway plans
Are you an agent who is contracted with Crowe and Associates and wants to offer these plans to your clients? Contracting is easy, just email lisa@croweandassociates.com.
If you are not currently contracted with Crowe and associates; CLICK HERE FOR CROWE PAPER CONTRACTING. OR, CLICK HERE TO CONTRACT ONLINE.
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