Better Life: A Guaranteed Issue Life Company

At A Glance

Better Life insurance company most important details for agents. Ratings, issue ages, face amounts, application submissions, and states available. Accendo (CVS/Aetna)

  • B++

  • 40-85

  • $2,000-$25,000

  • Paper & electronic options

  • Not Required

  • AZ, CO, IL, IN, IA, KS, LA, MI, MN, NE, ND, OH, OK, OR, SD, TX, WA, WI, & WY

Overview

Commissions

  • Advance Commissions: 12 months advance

  • Year 1: 85%

  • Year 2-6: 10% renewals

  • Years 7+: 3% service fee commissions years 7 plus

  • Commissions: Paid weekly

  • Policy Fee ($48) : Fully commissionable

Plans

  • Health Questions: Zero

  • Death Benefits: $10,000 paying monthly bank draft 

  • Non-accidental Death: If you have a non-accidental death within the first two years of issue, your beneficiaries will receive a return of all premiums paid plus 5% interest per year

  • Accidental Death: 100% of face value is paid if accidental death occurs during first two years and for any death claim after two years

Products

  • GI Life Product: Graded Benefit is a pay for life product with optional premium payments of monthly, quarterly, semi annually and annually

  • Funeral Expense Trust Option: The Better Life Funeral Expense Trust is irrevocable so if your client has to go on Medicaid because they are going into a nursing home or other reason, their coverage for final expense will continue as long as premiums are paid.