Platinum Solution Policy helps loved ones cover funeral, burial, and other final expenses. Especially, this policy includes Concierge Services without extra cost.
Policy Type & Purpose
- A simplified whole life policy designed mainly for final expense coverage.
- It includes different benefit structures (immediate, graded, or return-of-premium).
- No medical exam; underwriting is based on a yes/no health application and basic checks.
- Typically issued for ages 50–85 for the senior Legacy portion.
Benefit Payment Structure
- Immediate Death Benefit: Full death benefit on day one if you qualify.
- Graded Death Benefit: Partial benefit year one and year two (e.g., 30% first year, 70% second) before full coverage in year three.
- Return of Premium (ROP) Option: If death occurs in the early years, the plan can refund premiums paid plus interest.
Coverage Amounts & Riders
- Coverage limits for seniors vary: up to roughly $50,000 for ages 50–75, decreasing for older ages.
- Includes standard riders such as terminal illness accelerated benefits, and optional riders (accidental death, children’s coverage), depending on the plan type.
Funeral Concierge Services
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Product availability: Available for Platinum Solution Legacy and Family Plans offered by American-Amicable Group of Companies
- Face Amount Eligibility: Access to the Everest service is available where the Platinum Solution Legacy or Family Plan coverage is $35,000 and below at the time of issue. Increases in face amounts and additions of optional benefits or riders do not qualify.
- Who is covered: The Primary Insured of the policy
- 48-Hour Payout*: The proceeds of your life insurance may be paid to your beneficiary in as little as 48 hours after death, making the funds quickly available to cover funeral-related or any other expenses.
- 24/7 Advisor Assistance:
- Assist with any funeral related issues
- Serve as a consumer advocate for the family
- Everest is not associated with any funeral home, burial, or cremation provider