Modified Benefit Whole Life (MBWL) A level premium, modified benefit, whole life policy. The death benefit payable is a return of premium plus 10% compounded interest in the first two years and $1,000 per unit issued in years three and later. In the event of accidental death during the first two years, the death benefit is the year three sum insured. There is no accidental death benefit beginning in policy year three.
- Issuable from age 50 to 85
- Min. issue amount $ 3,000 (for age 50-80)
- Max issue amount $25,000 (for age 50-80)
- Max issue amount $10,000 (for age 81-85)
Policy Form 58K SIW06
GPM Life products are available in most states for nearly every age.