CICA LIFE OF AMERICA – Product Information

Product Overview: Final Expense Products

CICA Life of America offers two Final Expense whole life insurance products:

• Standard Issue (SI)
• Guaranteed Issue (GI)

Both products provide lifelong coverage with level premiums, provided premiums are paid. Guaranteed Issue is designed for applicants who do not qualify for Standard Issue based on health questions.

Standard Issue (SI)

Standard Issue is a whole life insurance policy that offers:

• Lifelong coverage (subject to premium payment)
• Fixed premiums
• Cash value accumulation over time
• Death benefit paid to the beneficiary at the insured’s passing

Standard Issue requires applicants to answer health questions. If any health question is answered “Yes,” the applicant qualifies for Guaranteed Issue instead.

Included Riders:
• Terminal Illness Accelerated Death Benefit
• Accidental Dismemberment Benefit

Optional Rider:
• Accidental Death Benefit

Standard Issue – Contestability

Standard Issue policies include a two-year contestability period starting on the policy effective date.

If the insured passes away during the first two years, the company may review the application for material misrepresentation or omission, such as incorrect health history or age.

• If discrepancies are found, the claim may be denied or adjusted.
• If the application was accurate and complete, the full death benefit is paid—even within the first two years.

After two years, the policy becomes incontestable.

Agent Reminder: Always emphasize truthful and complete application answers to avoid future claim complications.

Guaranteed Issue (GI)

Guaranteed Issue is a whole life insurance policy designed for applicants who may not qualify for Standard Issue.

• No medical exam is required
• Coverage is guaranteed regardless of health status

Guaranteed Issue uses a graded death benefit structure during the first two policy years.

Guaranteed Issue – How the Death Benefit Works

Policy Years 1–2:
• Death benefit equals 110% of the gross monthly premium paid multiplied by the number of months the policy has been active.

Policy Year 3 and beyond:
• The full policy face amount is payable.

Guaranteed Issue does NOT include:
• Extended Term Insurance
• Reduced Paid-Up Insurance

Termination Age & Face Amount Limits

Termination Age:
• Standard Issue and Guaranteed Issue policies terminate at age 121, provided premiums are paid.

Maximum Face Amounts – Standard Issue:
• Ages 0–50: $1,000 – $30,000
• Ages 51–70: $1,000 – $20,000
• Ages 71–85: $1,000 – $10,000

Maximum Face Amounts – Guaranteed Issue:
• Ages 0–70: $1,000 – $30,000
• Ages 71–85: $1,000 – $10,000

Optional Riders

Terminal Illness Accelerated Death Benefit:
• Maximum accelerated benefit: $15,000

Accidental Death Benefit:
• Doubles the policy face amount up to $30,000
• Cost: $5 per month regardless of face amount
• Available ages: 0–84
• Coverage terminates at age 85

Accidental Dismemberment:
• Benefit amount varies based on the type of dismemberment

For full rider specifications, refer to Appendix A – Product and Rider Specs.