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The Standard Group Whole Life Microsite
The Standard Group Whole Life (Permanent Life) insurance coverage for Employee or Spouse
Included Riders:
Accelerated Death Benefit for Terminal Illness or Condition
Accelerated Death Benefit for Long Term Care with Extension and Restoration of Benefits
Key Features
Guaranteed level death benefit and premium
Guaranteed cash values are known at issue
Portable at same benefit and premium
Fully paid-up at age 95
Matures/endows at age 121
Non-forfeiture options:
Extended Term Insurance
Cash Surrender
Reduced Paid-Up Insurance
Certificate Loans
Terminal Illness
An advance of the death benefit, up to 75% of the certificate face amount to a maximum of $100,000, when certified terminally ill
Terminal illness or condition means and illness or physical condition: (1) for which there is no reasonable prospect of recovery; and (2) that is expected to result in the insured death within 24 months.
Premiums are waived after payment of benefit
Long Term Care with Extension and Restoration of Benefits
A monthly advance of up to 6% of the death benefit for up to 34 full months while receiving qualified long-term care services, when certified chronically ill by a licensed health care practitioner
Qualified long-term care services includes confined (assisted living or nursing care facility) and non-confined (home health care or adult day care) care services
Premiums are waived when benefit is payable
Death benefit restores each month
*The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by American Heritage Life Insurance Company, Jacksonville, Florida in all states except New York. Product features and availability vary by state and are solely the responsibility of American Heritage Life Insurance Company.
Customer Care Number 1-800-521-3535
Cherry Creek SD Group Whole Life Presentation v2.pdfPage updated
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