(1) Ages 40-64 deferral period first 3 policy years. Ages 65+ deferral period first 2 policy years.
(2) Age nearest birthday. State exceptions: MO 40-75, NY 50-75. NJ (Male 65- 78)(Female 65-80)
(3) $50,000 maximum (aggregate) limitation.
(4) ADB during applicable period is premium paid, plus 5% interest, plus additional sum equal to policy face amount. Death benefit during applicable deferral period for other than accidental death in premium paid plus 5% interest.
Not accepted applications: Power of attorney applications, funeral or burial services named as beneficiaries, an insured who is a patient or resident in any form of a health care or nursing home facility, and "out-of-state" applications.
*Policy form L-57 not available in all states, check state approval list, PA additional requirements. |