Great Western has a first-day coverage (Great Assurance), a Graded death benefit, and the Guaranteed Issue (Guaranteed Assurance).

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Great Western has the 3 plans all on the same application and an instant-decision underwriting. They no longer accept paper applications.

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They pay commissions daily, bi-weekly, or monthly and offer a six or nine month advance from $500 to $1,500 depending on the type of policy issued.

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Great Western still accepts credit card payments including Social Security and Supplemental Security Income prepaid Direct Express debit cards from Visa or MC.

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They do not accept paper applications. All applications are taken through the online portal.

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Products not Available in: AK, HI, NY

Pre-appointment required in FL, GA, MA, MT, NM, PA, TX, VA and WI.

CA: Guaranteed Assurance and Great Assurance only

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Great Assurance: First-day Coverage

Ages:  50-85

Non-tobacco/Tobacco issue classes

Face Amounts:

Ages 50-80    $2,500-$40,000 

Ages 81-85    $2,000- $25,000

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RIDERS:

Accelerated Death Benefit included

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Accidental Death Rider: Optional

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Child/Grandchild Protection Rider: Optional coverage that the applicant can purchase at the time of the application or during a qualifying event for only $1.00 per month on policies with a face amount of $5,000 or more.  The rider will pay $2,500 on the death of a dependent child or grandchild.

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Simple health questions and no health exam.

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Graded Benefit: Two-year Modified plan

Ages: 50-85

Non-Tobacco/Tobacco issue classes

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Face Amount:

Ages 50-80   $2,500-$40,000 

Ages 81-85   $2,000- $25,000

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Graded Death Benefit: 30%of face amount payable the 1st year, 70% payable the 2nd year, and 100% payable in the 3rd year.

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Guaranteed Assurance: Guarantee Issue plan

Ages: 40-80

Face Amount: $1,000 to $25,000

Limited Death Benefit: 110% of the premiums paid minus any loan in Years 1 and 2. After 2 years, the full death benefit is paid.

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