An institutional purchase of individual term life insurance for executives, physicians, and highly compensated employees. Using this insurance as an employee attraction tool, the healthcare organization gives highly compensated employees a better model of coverage:
Up to $3,000,000 of death benefit per participant (subject to restrictions)
No exams or blood work
Portable, without changes to death benefit or pricing
Long term rate schedule guarantees - 15 years at most ages
In-force policies cannot be cancelled by the insurer
Experience does not affect pricing
GE Corporate Term is term life insurance underwritten by First Colony Life Insurance Company, Lynchburg, VA. Subject to the Terms of Policy Form No. 1420-UNS et. al., which includes an exclusion period for death by suicide. Subject to state availability and issue limitations.
This is a highlight of the program. It is not a proposal for coverage.
COLLATERAL (PARTNER)/WHITE PAPERS (PARTNERS) :
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