Senior Choice — Final Expense (Whole Life)
Plan Designs
Immediate DB
Level benefit, 100% of face amount paid immediately (all years) for non-accidental death.
Graded DB
Pays 30% of face in year 1, 70% in year 2, then 100% from year 3+. Accidental death 100% all years.
Return of Premium
Returns premium + 10% interest for 3 years if < 65, 2 years if 65+; then 100% thereafter. Accidental death 100% all years.
Issue Ages
50–85 (age last). Minimum DB $2,500 ($5,000 WA).
Face Max
Immediate: 50–75 up to $35,000; 76–85 up to $20,000. Graded/ROP: up to $20,000.
Riders & UW Signals
Included: Terminal Illness ADB (all plans); Confined Care ADB (Immediate plan).
Optional: Accidental Death; Nursing Home Waiver of Premium (Immediate plan); Children’s Insurance Agreement ($3k–$6k units); Grandchild Rider (also great-grandchildren).
Knockouts: “Yes” to early health questions (1–3) = not eligible. MIB/Rx checks used; tele-interview possible based on signals (ROP typically no interview).