West Coast Life Reduces Term Life Insurance Rates

As expected, West Coast Life announced on Monday that they have lowered term life insurance rates across most age and face amounts on their recently introduced Focus Term series. This reduction is retroactive to July 1, 2006 and will apply to all pending applications.

In addition to lowering their rates, West Coast made significant enhancements to the Focus Term series...............

For death benefit amounts of $249,999 or less, the Policy Fee has been decreased from $80 to $60 and the Policy Fee is now commissionable!
For death benefit amounts of $250,000 or higher, the Policy Fee has been reduced from $80 to $50; the Policy Fee for this band remains "non-commissionable".
Conversion periods have been changed to those listed below or to age 75 if earlier:

Focus Term 10- 10 years,
Focus Term 15- 15 years,
Focus Term 20- 20 years,
Focus Term 25- 20 years,
Focus Term 30- 20 yeas.

A new and more liberalized build chart is being utilized- example- Male, 6'0" 282 lbs could be Standard!
The new rates are not currently available in MN, OR or WA.

Please give us a call if you have questions or if we can help you in any way.

West Coast Life calculates premiums based on a prospects "actual age"- this gives them a competitive advantage on many cases!