Guarantee Trust Life: A Simplified Issue Life Company

At A Glance

Guarantee Trust Life: A Simplified Issue Life Company has most useful information for life insurance agents including their rating, face amounts, issue ages, and application submissions.

  • A-

  • 40-90

  • $2,500-$20,000

  • Electronic only

  • Not Required

  • Heritage Plan available in 48 states and the District of Columbia (Not available in CA or NY)

Overview

"Heritage Plan" Continued

E-Application:

  • Exclusive e-application process available on Tablet, Smartphone, and PC Platforms

  1. Underwriting Simplicity:

    • No MIB, RX, PHI, or underwriting screens

    • 5 yes/no health questions

    • No height or weight guidelines

  2. Commission Assurance:

    • Full chargeback of commissions if any death occurs in the 1st year

  3. Instant Issue:

    • Immediate policy approval

  4. Electronic Policy Delivery:

    • Quick and efficient policy delivery electronically

  5. Payment Convenience:

    • ACH bank draft only

"Heritage Plan": Offers simplified processes, accessibility, and flexibility, making it a convenient choice for a range of individuals.

"Heritage Plan"

Plan: Tailored coverage with the following key features:

  1. Issue Age Range:

    • 50-85: Face amounts from $2,500 to $20,000

    • 86-90: Face amounts from $2,500 to $10,000

  2. Graded Death Benefit Whole Life Coverage:

    • Benefits range from $2,500 to $25,000

  3. Grading Structure:

    • Year 1: Premiums paid plus 5%

    • Year 2: 50% of policy face amount

    • Year 3: 100% of policy face amount

  4. Accidental Death Benefits:

    • Full face amount payable on accidental death in Year 1 and Year 2

  5. Sales Convenience:

    • Can be sold remotely