Life Insurance
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EZApp provides a seamless method for applying for Life Insurance:
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Life Insurance Made Understandable
| Product | Issue Ages | Face Amounts | Underwriting Guidelines | Premium |
| Accidental Death | 20-65 | $50,000-$250,000 | Guaranteed Issue, 1st Month Premium is free | $ |
| Graded-Benefit Life | 20-75 | $5,000-$100,000 Age Based | Guaranteed Issue, Cannot be in Prison or Nursing Home | $$$$ |
| Simplified Issue Term | 18-60 | $25,000-$250,000 | No Medical Exam, MIB Check and shortened application | $$$ |
| Fully Underwritten | 0-85 | $25,000-$50 Million | Fully Underwritten | $$ |
- Fix Your Life Insurance
- Sell Your Life Insurance
- Refund Term
- Low Cost Term
- Life Bid
- Mortgage Protection Center
- Guaranteed Issue Life
- Simplified Issue Life
Insurance Plans at 54 Freedom
Individual Term Insurance:
Covers you for a period (term) of time. It is meant to provide coverage until you reach a certain point in your life, such as, retirement, or perhaps when your children have been fully educated and have left the home. Term periods for life insurance coverage range generally from 5 years to 30 years, somewhat dependant upon your current age. Term insurance is far less expensive than permanent (described below) insurance since it rarely goes beyond age 70, and generally covers you when you are younger. Sample rates can be found on the summary insurance chart.
Individual Permanent Insurance:
Insurance that is permanent and is intended to be in force (in effect) whenever you may pass away. This insurance is more expensive since there is certainty at some point the insurance carrier will be paying your beneficiaries a death benefit. As with term insurance it is generally less expensive the younger you are to purchase. There are various types of permanent insurance, some have significant cash values which can be accessed during your lifetime either by loan or withdrawal. These plans however do not always have a guaranteed death benefit. In general, we recommend a guaranteed death benefit contract that regardless of market performance will pay your beneficiaries the stated death benefit on the policy. Sample rates for this are on our summary insurance chart.
Joint (2 insureds) Permanent Insurance:
Permanent insurance that pays a benefit after 2 (both) insureds pass away. This is often used (but does not need to be) for a husband and a wife who wish to pass a benefit to their children. It could however, be used by business associates as Key Person Insurance for their business interest. Again, we recommend a guaranteed death benefit policy which is guaranteed to pay a death benefit regardless of market performance. As with both term and individual insurance generally insurance underwriting (medical tests) are required. However, since 2 people are insured (and a claim paid at the second death) you may have one of the two insureds not able to pass a medical test or otherwise get insurance on his/her own. Through the 54 Freedom Insurance Plan, with another person on the policy, you may in fact obtain insurance. For sample rates please refer to the 54 Freedom Insurance summary.
Click here for a comparison of Term vs. Permanent Life Insurance.
Click here for sample rates for a joint policy.
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