Better Life: A Guaranteed Issue Life Company

At A Glance

Better Life insurance company most important details for agents. Ratings, issue ages, face amounts, application submissions, and states available. Accendo (CVS/Aetna)

  • B++

  • 40-85

  • $2,000-$25,000

  • Paper & electronic options

  • Not Required

  • AZ, CO, IL, IA, KS, LA, MI, MN, NE, ND, OH, OK, OR, SD, TX, WA, WI, & WY

Overview

Commissions

  • Advance Commissions: 12 months advance

  • Year 1: 85%

  • Year 2-6: 10% renewals

  • Years 7+: 3% service fee commissions years 7 plus

  • Commissions: Paid weekly

  • Policy Fee ($48) : Fully commissionable

Plans

  • Health Questions: Zero

  • Death Benefits: $10,000 paying monthly bank draft 

  • Non-accidental Death: If you have a non-accidental death within the first two years of issue, your beneficiaries will receive a return of all premiums paid plus 5% interest per year

  • Accidental Death: 100% of face value is paid if accidental death occurs during first two years and for any death claim after two years

Products

  • GI Life Product: Graded Benefit is a pay for life product with optional premium payments of monthly, quarterly, semi annually and annually

  • Funeral Expense Trust Option: The Better Life Funeral Expense Trust is irrevocable so if your client has to go on Medicaid because they are going into a nursing home or other reason, their coverage for final expense will continue as long as premiums are paid.

Request Contracting Form

If you would like to request contracting information about Better Life please fill out this form. This is for agents interested in getting appointed with FEB or returning FEB agents interested in adding additional companies to their portfolio.