Graded Whole Life (GWL) Plan
The GWL plan is available for many applicants that have some serious health issues. However, the applicant must not have had any cancer, treatments for cancer or major surgeries within the last year, have serious illnesses with no treatment or cure, and death is not imminent. This is a graded benefit policy with a limited benefit period of two years and a level benefit thereafter. The benefit during the Limited Benefit Period will be (1) the refund of premium paid plus 10% interest if death occurs due to natural causes, or (2) the face amount if death occurs due to accidental causes. This policy is not available to persons in hospitals, nursing homes or similar institutions, or to persons requiring continued acute medical care. It is available with optional premium paying periods of 3, 5, 7, 10, 20, and Lifetime (Paid-Up at 98).