
Getting life insurance often means undergoing a medical exam, which can be invasive and subject you to higher rates if you have a health issue. Assumption Life, a mutual insurer, has become a leader in offering life insurance without a medical exam. Nearly all life insurance offered under Assumption Life is available without an exam, putting the power of getting insured back in your hands.
Assumption Life offers the following insurance plans:
Overview
Insurance Options:
Flex Term:
Eligible ages
18 - 75
Amount of Coverage
$100,000 to $10,000,000
Duration of coverage
Term Options: 10, 15, 20, 25, 30, 35 years
Platinum Protection Term:
Eligible ages
18 - 75
Amount of Coverage
$750,000 (ages 18 to 50), $500,000 (ages 51 to 75)
Duration of coverage
10 & 20 year terms
Golden Protection Term:
Eligible ages
18 - 75
Amount of Coverage
$250,000
Duration of coverage
20 years
Additional benefits
Flex Term:
Fixed premiums for selected term
Individual or joint policy option
Auto-renewable up to age 90
Convertible until age 75
Platinum Protection Term:
No medical exams or tests needed
Fixed premiums & death benefit
Individual or joint first-to-die option
Golden Protection Term:
No medical exams or tests needed
Fixed premiums & death benefit
Individual or joint first-to-die option
Renewable up to age 90
Overview
Insurance Options:
Non-Participating Whole Life:
Eligible ages
18 - 80
Amount of Coverage
$10,000 (ages 18 to 75),
$5,000 (ages 76 to 80)
Duration of coverage
Lifetime Coverage
Additional benefits
Premium options:
life pay or 20-year pay
Individual or joint coverage
Cash value after 5 years
Benefits:
Extreme disability, transportation, accidental death, accidental fracture plus, child insurance, critical illness rider, disability income, waiver of premiums.
Overview
Insurance Options:
ParPlus:
Eligible ages
18 to 70 if payable for 20 years
Amount of Coverage
$5,000 to $4,000,000
Duration of coverage
Premium Payment Option: Life Pay and 20-Year Pay
ParPlus Junior - participating whole life insurance for children:
Eligible ages
15 days—17 years
Amount of Coverage
$5,000 to $4,000,000
Duration of coverage
20 year pay
Platinum Protection:
Eligible ages
18-85
Amount of Coverage
$750,000 (ages 18 to 50),
$500,000 (ages 51 to 75),
$250,000 (ages 76 to 85)
Duration of coverage
Lifetime Coverage
Golden Protection:
Eligible ages
18-85
Amount of Coverage
$250,000 (ages 18 to 75),
$100,000 (ages 76 to 85)
Duration of coverage
Lifetime Coverage
Silver Protection:
Eligible ages
18-85
Amount of Coverage
$50,000 (ages 18 to 75),
$25,000 (ages 76 to 85)
Duration of coverage
Lifetime Coverage
Bronze Protection:
Eligible ages
18-80
Amount of Coverage
$50,000 (ages 18 to 75),
$25,000 (ages 76 to 80)
Duration of coverage
Lifetime Coverage
Additional benefits
ParPlus:
Additional riders: disability income, critical illness, child insurance, and more. Plus, voting rights at Assumption Life’s annual meetings.
ParPlus Junior -participating whole life insurance for children:
* This product contains certain limitations and exclusions.
Platinum Protection:
No medical exams
Fixed premiums
Cash value after 5 years
Included extreme disability and transportation benefits
Accidental death, accidental fracture plus
Child insurance benefit
Individual or joint coverage options
Golden Protection:
No medical exams
Fixed premiums
Cash value after 5 years
Transportation benefit
Options for individual or joint coverage
Accidental fracture plus
Silver Protection:
No medical exams
Fixed premiums
Deferred coverage
Cash value after 5 years
Bronze Protection:
No medical exams or questions
Guaranteed issue plan
Guaranteed acceptance
Made for applicants with previous health issues