Empire General Product Features

State Approvals

Empire General is not available in NY.

EG Term 30 is not available in MA

07/2003 rates are now quoting and approved everywhere except: OR These states are using the old rates until approved.

Type

EG-10, EG-15, EG-20, EG-30 are Term to 96 plans. After the initial premium period(s), premiums increase annually based on the insured’s then attained age (nearest birthday).

Conversion Options

The Change of Plan provision, where approved, allows for an attained age conversion, without evidence of insurability, to whole life insurance or an eligible permanent plan then offered for conversion during the change of plan period and prior to age 75.

Change of Plan Period
EG-10 .......................Years 1-10
EG-15 .......................Years 1-15
EG-20 .......................Years 1-20
EG-30........................Years 1-20

Issue Ages

Age Nearest Birthday

EG-10: 18-85
EG-15: 18-77
EG-20: 18-68
EG-30: 18-56

EG-10 Female Select Preferred, Female Preferred, & Female NonSmoker maximum issue age is 84.
EG-30 Male Tobacco & Male Smoker maximum issue age is 50.

In Oregon:
EG-10: Maximum issue age for Female Select Preferred, Female Preferred, & Female Non-Smoker is 84.
EG-15: Maximum issue age for Male Select Preferred, Male Preferred, Male Non-Smoker, Female Select Preferred, Female Preferred, Female Non-Smoker, Female Smoker, & Female Tobacco is 76. Maximum issue age for Male Smoker & Male Tobacco is 75.
EG-20: Maximum issue age for Male Smoker & Male Tobacco is 66.
EG-30: Maximum issue age for Female Non-Smoker & Female Tobacco is 55. Maximum issue age for Male Select Preferred, Male Preferred, Male Non-Smoker, & Female Smoker is 54. Maximum issue age for Male Tobacco is 50. Maximum issue age for Male Smoker is 48.

In Washington:
EG-10: maximum issue age for all is 70.
EG-15: maximum issue age for all is 65.
EG-20: maximum issue age for all is 60.
EG-30: maximum issue age is 50 for all except Male Smoker. Max issue age for Male Smoker is 48.

In New Jersey:
EG-10: maximum issue age for all Female classes is 84.
EG-30: maximum issue age for all Male classes is 50.

In Massachusetts:
EG-30: is not available.
Guaranteed Insurability Rider (GIR) is not available.

Face Amounts
Min/Max

$50,000 minimum face for all classes except Select Preferred and Preferred;
$100,000 minimum face for Select Preferred and Preferred
AND
Minimum Premium:$250 (annualized) for Select Preferred and Preferred classes

Modal Factors

Semi-annual = .52
Quarterly = .27
Monthly = .09 (PAC only)

Policy Fee

Annually $80.00 (Non-Commissionable)

Special Product
Features

Terminal Illness/Accelerated Death Benefit: Where available, an Accelerated Death Benefit for a qualifying terminal illness is automatically included in all policies with an effective date of October 1, 2000 or later. There is no charge or premium for this benefit. However, if the owner exercises this benefit, a lien equal to the accelerated death benefit will be estab-lished against the policy and will accumulate interest. The maxi-mum benefit is the lesser of 60% of the current face amount of the policy or $1,000,000. Refer to the endorsement for complete details and definitions for qualification.

Waiver of Premium. Issue Ages 18 to 55. Coverage expires at age 60.

Accidental Death Benefit.
Issue Ages 18 to 60. Coverage expires at age 70. The maximum amount is $150,000. (Rates are annual premiums per $1,000.)

Issue Age Nearest Birthday:
18-40 $1.00
41-50 $1.25
51-55 $1.50
56-60 $1.75

Empire General - EG Term Series 10, 15, 20, 30 Underwriting Guidelines

Classes

Select Preferred
Preferred Non-Smoker
Non-Smoker
Tobacco (Cigar/Pipe)
Smoker

Impaired Risk Underwriting:
Age 18-60 Std through Table 8
Age 61-70 Std through Table 6
Age 71-80 Std through Table 4
Age 81-85 Std through Table 2
Table Ratings are 25% per table extra (Commissionable).

Re-entry

The Conditional Exchange Option where approved, allows for re-entry on the expiration of the guaranteed period with satisfactory evidence of insurability. The insured may not re-enter beyond age 69.

Tobacco Definition

Non-Smoker
No tobacco use in any form in the last 12 months.
Tobacco
Use of pipes, cigars, chewing tobacco, dip, snuff, or use of nicotine patches or nicotine gum in the last 12 months.
Smoker
Use of cigarettes in the last 12 months.

NOTE: An occasional cigar smoker (12 or less per year) may qualify for Non-Smoker rates.

Special Underwriting
Features

Select Preferred Guidelines
Tobacco: No Tobacco for 60 months (urine negative).

Driving History: No suspension, revocation, or more than 2 moving violations in the past 3 years - No conviction for reckless driving or driving under the influence of alcohol or drugs in the past 7 years.

Family History: No event or occurrence prior to age 60 among natural parents or siblings of heart disease, stroke, cancer or diabetes (waived if applicant is age 65 or older unless both natural parents died from one of the same preceding impairments prior to age 60).

Basic Insurability: Standard risk with no history or current significant impairments such as diabetes, cancer, stroke, heart disease or hazardous occupation - No history of alcohol or drug abuse. Current laboratory values within acceptable limits.

Blood Pressure: No history of treatment - Current exam does not exceed 135/85 through age 50 or 145/90 above age 50.

Cholesterol: No history of treatment. Cholesterol/HDL ratio is 5.5 or less (average for past year) and Total Cholesterol not greater than 220.

Blood Profile: Acceptable limits.

Urinalysis: Acceptable limits.

Travel: No travel to high risk areas.

Hazardous Sports: No participation in hazardous sports (racing, scuba diving, etc.), student or private pilot activity – Exclusions, where allowed, will be permitted.

Residence: Permanent resident of U.S. or Canada.

Felony Conviction None within the past 10 years.

Preferred Guidelines
Tobacco: No tobacco for 36 months (urine negative).

Driving History: No suspension, revocation, or more than 2 moving violations in the past 3 years - No conviction for reckless driving or driving under the influence of alcohol or drugs in the past 5 years.

Family History: No death prior to age 60 among natural parents or siblings of heart disease or diabetes (waived if applicant is age 65 or older unless both natural parents died from one of the same preceding impairments prior to age 60).

Basic Insurabilty: Standard risk with no history or current significant impairments such as diabetes, cancer, stroke, heart disease or hazardous occupation - No history of alcohol or drug abuse. Current laboratory values within acceptable limits.

Blood Pressure:
No history of treatment - Current exam does not exceed 145/90 through age 50 or 150/90 above age 50.
With treatment - current exam does not exceed 135/85 through age 50 or 145/90 above age 50.

Cholesterol: No history of treatment. Cholesterol/HDL ratio 6.5 or less (average for past year) and Total Cholesterol not greater than 255. With treatment, Cholesterol/HDL ratio of 5.5 or less (average for past year) and Total Cholesterol not greater than 220.

Blood Profile: Acceptable limits.

Urinalysis: Acceptable limits.

Travel: No travel to high risk areas.

Hazardous Sports No participation in hazardous sports (racing, scuba diving, etc.), student or private pilot activity – Exclusions, where allowed, will be permitted.

Residence: Permanent resident of U.S. or Canada.

Felony Conviction: None within the past 10 years.