Senior Plans
New Century Senior Protector Life
(Policy Form Nos. 13-402, 13-403, 13-404)
Available through Columbian Mutual Life in CT, DC, DE, FL, GA, IL, IN, KS, MD, ME, MI, MO, NC, NH, NJ, NY, OH, OK, PA, RI, SC, TN, VA, VT, WI, and WV.
- Insurance issue ages 50 through 80 (50 through 75 in Missouri and New York, 50 through 78 in Kansas, New Jersey, Pennsylvania and West Virginia)
- Premiums payable to age 121
- Amounts $2,000 ($5,000 Kansas and Pennsylvania) through $25,000
- Guaranteed issue underwriting
- Available riders: none
- Modified death benefit -
- Full life insurance benefits are payable after a modified benefit period of three years beginning as of the policy effective date. There are some state variations:
- Kansas and Pennsylvania policies have fixed graded benefits over the modified benefit period of three years.
- Missouri, New Jersey, and West Virginia policies have a modified benefit period of two years.
- If death occurs during the modified benefit period, all premiums paid during the initial period are refunded, plus 5% interest for all policies (except Kansas and Pennsylvania). The full face amount of the policy will be paid if death occurs after this initial period or at any time if the cause of death is accidental bodily injury.
- Full life insurance benefits are payable after a modified benefit period of three years beginning as of the policy effective date. There are some state variations:
Product specifications may vary by state.
