LifeShield National Insurance Co. was established in 1982 as an Oklahoma domiciled Life Insurance Company and is part of the Midland Group of Companies. As an affiliate company of the Midland Group, LifeShield was initially formed to aid mortgage servicing clients by providing insurance products through direct mail and in-home sales. Since then, LifeShield has grown to include a wide variety of financial protection products. Here, we'll discuss final expense insurance from LifeShield.
Even though this article pertains to LifeShield National's final expense insurance, the company also offers a few other products for American families.
The Grand American Plan from LifeShield is a supplemental insurance policy that was engineered to fill the coverage gaps in health insurance for individuals and families. The policy offers a lump-sum payment for health care expenses that result from a covered accident. This supplemental insurance fills in the coverage gaps that can be found in traditional health insurance because of deductibles, copayments, and coinsurance.
The Cancer policy from LifeShield works very much the same as their accident policy because it pays a lump sum benefit when a policyholder is diagnosed with cancer. This cancer benefit can be used to supplement other insurance and serves to protect the insured financially.
Lifeshield's Critical Illness policy was created to fill the gaps in conventional health insurance when a policyholder is diagnosed with a covered critical illness. When the policyholder is diagnosed with a covered illness, they will collect a lump-sum settlement to help with almost all the costs that are usually related to the illness.
Coverage guaranteed for the life of the policyholder as long as periodic premiums are paid.
Once issued, the periodic premium cannot be increased by the insurer, even if the insured ends up being very ill and must live in a nursing home.
LifeShield's Survivor Life policy accumulates cash value over time and can be taken out through policy loans, withdrawals, or policy surrender.
The face amounts for the Survivor Life insurance policy range from $3,000 to $50,000 dependant on the age of the applicant with the most preferred face amount being $10,000.
For accurate quotes for your actual age, please use our world-class instant quote form on the right of this page.
If you fail to qualify for LifeShield's Level Benefit Plan with first-day coverage, you may qualify for their Graded Plan at the very same rate. The Graded Plan has a 24-month waiting period for deaths caused by natural causes. If you pass away during the waiting period because of natural causes, your beneficiary will receive 110% of the premiums paid on your policy. If death is the result of an accident, the full benefit will be paid to your beneficiary.
Although LifeShield is not a highly advertised insurance company like Colonial Penn or Lincoln Heritage, their rates are very competitive and in most cases, applicants will not be forced to wait two or three years before the full benefit will be paid if you die resulting from natural causes.
To find the most affordable final expense insurance quotes, even with certain serious illnesses, call the professionals at Life Policy Shopper at (540) 226-8715 during normal business hours, or contact our office through our website at your convenience.