Simple Choice Guaranteed
As you grow older and gain more responsibilities, preparing for a secure financial future for you and your family becomes a paramount concern. A term life insurance policy offers you the peace of mind that your spouse and children will be provided for in the event that something happens to you. Simple Choice Guaranteed Level Term insurance can give you affordable protection to suit your immediate insurance needs and budget.
A Simple Choice Guaranteed Level Term policy provides dependable protection at a great value with guaranteed level premiums. Your premiums remain the same for the coverage term that you choose: 10, 15, 20, or 30 years.
Convertibility and Renewability
These plans are convertible to permanent insurance without additional underwriting, according to the policy terms. Once you renew the plan at the annually increasing renewal premiums, no conversion is allowed.
These plans are also renewable on an annually increasing scale to age 95.
You can get additional protection by choosing from a number of riders, or options.
Accelerated Death Benefit Plus Rider
The Accelerated Death Benefit Plus Rider is automatically included with the policy at no additional cost to you. This rider provides benefits for terminal illness and chronic illness:
|Terminal Illness||Chronic Illness|
|Benefits||$250,000 or 60% of base policy death benefit||$250,000 or 40% of base policy death benefit|
|Conditions||An illness that is expected to result in death within 12 months from the date medical evidence is supplied to the Home Office.||You are unable to perform at least two of six Activities of Daily Living for a period of 90 days, or
You require substantial supervision to protect yourself from threats to health and safety due to a severe cognitive impairment.
Advances made under this rider will be in the form of a special loan secured by a first lien on the death benefit payable under your policy. Upon the death of the insured, the death benefit will be reduced by the amount of this special loan, including interest.
Waiver of Premium Disability Benefit Rider
This rider is an optional benefit available at the time of policy issue. It provides that premiums for the policy will be waived during the continued total disability of the insured.
Accidental Death Benefit Rider
This rider is an optional benefit equal to the face amount of the base policy. It provides for payment of an additional sum upon receipt of proof that the insured’s death was accidental.
Family Children Security Protector Rider (Children Term Rider)
This rider is an optional benefit that provides level term coverage on every child of the insured. Your premiums are the same regardless of the number of children you have covered.
Other Insured Rider (Spouse Rider)
This rider is an optional benefit that provides coverage to the insured’s spouse. This rider is available in 10-, 15-, 20-, and 30-year term periods (depending on the term period selected for the base policy). The minimum amount is $25,000, and the maximum amount is two times the base policy face amount.
The Simple Choice Guaranteed Level Term insurance policy can help you secure your family’s financial future with life-insurance protection and guaranteed premiums. Get More Information or contact our Client Relationship Center at 1.866.832.7719 to learn more.
Simple Choice Guaranteed Level Term is issued by Western-Southern Life Assurance Company (NAIC code 92622), Cincinnati, Ohio. It is not licensed in Alaska, Maine, New Hampshire, New York, Rhode Island, Vermont, or outside the United States.
Exceptions and Limitations: Product, features, rider availability, and benefit provisions vary by state. The policies offered contain exclusions, limitations, reductions of benefits, and specific requirements for keeping them in force. For complete coverage information, see your Western & Southern Life Financial Representative.
Not FDIC Insured (no bank guarantee; may lose value).
Policy series numbers: 0701-307 WSA, 0701-307-U WSA
Rider series numbers: 9911-302 WSA, 0010-2610WSA, 0010-2610-U WSA, 1001-304 WSA RDR, 9401-3540 WSA, ICC10 1103-2675 WSA, 1208-331 WSA
Investments are offered through an affiliate of Western & Southern Life.