SNL - Security National Life
Funeral Insurance Products
5 Year Pay — Whole Life Policy (Guaranteed Issue)
With this Whole Life Policy, premium payments continue for 60 months at which time the policy is "paid up." This policy includes a two-year Incontestability Clause and a one-year Suicide Limitation Clause. The death benefit of this policy grows at the rate of $50 per thousand per year for the life of the policy beginning with the second policy year.
This policy will be issued to anyone regardless of health conditions. However, the death benefit during the first five years will equal the premiums paid plus the guaranteed growth. After the 5-year payment period, the death benefit converts to the full face amount of the policy plus the guaranteed growth. The policy includes an Accidental Death Benefit Rider.
Maximum eligible age is 85.
Memorial Insurance Company of America is a legal reserve whole life insurance company licensed to do business in the State of Arkansas only.