Is a standard Life insurance policy always the best whole life rate?

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Q) As a senior I was told the best rate is always on a standard Life insurance policy, is that true?
A) Yes! That is true in most cases. If you have no major health conditions you may qualify for a standard life insurance policy and get the best whole life policy premium rate.

With a Standard Life Insurance Coverage – Full face value of your Senior Life Insurance coverage begins on the policy issue date with no waiting period. In other words if you were to pass away on your first day of coverage (the issue date of your policy), the full face value of your policy would be paid to your beneficiary.  With a Standard life insurance coverage there is no waiting period. A better rate would sometimes be on a preferred rate policy if the carrier provides it. Preferred rates are rear in Senior life insurance policies,

Standard Senior Whole Life Insurance Quote Examples

Female,
Non Smoker – Level Plan
Coverage
Amount
Monthly
Premium
Age 50 $5,000 $11.23 p/m
Age 55 $5,000 $14.10 p/m
Age 60 $5,000 $17.82 p/m

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Benefits of having a Standard Senior Whole Life Insurance Policy:
    • Full coverage start on the policy issue date with no waiting period
    • You policy face value never decrease
    • Your standard whole life policy builds cash value
    • Permanent Life Insurance
    • Your monthly premium (payments) will never increase
    • You can never outlive your policy
    • Policy pays your beneficiary as long as premiums have been paid
    • Policy cannot be revoked by the insurance company
    • Guaranteed Death Benefit
    • Your policy last your whole life
    • Policy cannot be cancelled except for non payment
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