Speak with an experienced advisor! If you’re looking for a review of the NCE Generations Plus Guaranteed Issue product, you’ve come to the right place!
It can be difficult to find information about this policy online, even through the carrier, so we are here to lay out the pros, cons, and provide a recommendation. When reading this review, keep in mind that GuaranteedIssueLife is an independent life insurance agency that works with dozens of top insurance carriers, including the best no questions companies.
What You’ll Learn
About NCE Generation Plus Life Insurance
LifeShield National Insurance Company Ratings
NCE Generations Plus Policy Overview & Rates
The Pros of NCE Generation Plus Life Insurance
The Cons of NCE Guaranteed Life Insurance
Our Recommendation on NCE Generation Plus Guaranteed Issue Life Insurance
The NCE policy through LifeShield National Insurance Company is just one option available. As with all life insurance policies, it may or may not be the best option for you. Truthfully, this product did not make our list of top guaranteed acceptance policies available and we’ll be honest as to why.
No matter what, the best life insurance company is the one that works for YOU. It is always a personal decision based on individual needs, premiums, state availability, and preference. So, if you’ve been told to look into NCE and are wondering if it’s the right policy for you, read on.
About NCE Generation Plus Life Insurance
National Congress of Employers is a program sold by LifeShield National Insurance Company. Incorporated in 1982 and headquartered in Oklahoma City, OK, LifeShield National Insurance Co. is a part of the Midland Group of Companies that include MidFirst Bank. As an affiliate of the Midland Group, the company was initially formed to aid mortgage servicing customers by offering insurance products through direct mail and in-home sales. Since then, the company has grown to encompass a wide variety of protection related products.
The company offers individual and joint whole life insurance policies, as well as voluntary supplemental health policies including those for cancer, critical illness and accident.
LifeShield National Insurance Company Ratings
A.M. Best has issued a rating of B++ to LifeShield National Insurance Co. This has been their rating since 2001 and it is the fifth highest rating possible out of 16. This rating is lower than many of the other insurance companies we review on this website.
On the Better Business Bureau, LifeShield National Insurance Co. is not accredited, but has been given a score of “A+”. So far there are zero complaints or reviews on their BBB profile, neither negative nor positive.
NCE Generations Plus Policy Overview & Rates
Face Amount Range: Two options: $25,000 or $50,000
Age Availability: 18 – 75
State Availability: Currently available in AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MI, MO, MS, NC, ND, NE, NJ, NM, NV, OH, OK, PA, SC, SD, TN, TX, VA, WV, WY. Additional States Pending Approval.
Graded Period: varies, see below
Premiums Returned: varies, see below
Riders: None available
How to Apply: Directly through carrier
As with all guaranteed issue life insurance, this type of policy is best for people who do not qualify for insurance with health underwriting. The NCE Generations Plus Guaranteed Issue Policy is only good for those who are unhealthy and do not qualify for other insurance.
The Pros of NCE Generation Plus Life Insurance
Guaranteed Acceptance
As the name implies, anyone can get approved for this plan. There are no questions whatsoever on the application aside from personal, beneficiary and payment information. For this reason, this plan is ideal for those who have been denied coverage elsewhere and do not have any other options available.
Available for ages 18 – 75
This is the ONLY guaranteed issue life insurance plan that is available to people as young as 18. The second closest plan is with Great Western, which begins insuring people at age 40. That’s 22 years difference!
One of the reasons for this is that this plan is NOT a Whole Life policy, which Great Western and all the other top no questions plans are. This is technically a term life policy available as a Renewable 5-Year Term. This means that the price will increase every 5 years as you jump through different age brackets (outlined in the cons section).
Generous Interest Return in Graded Period
The mandatory graded period with NCE is two years. This means that the full policy amount will not be paid if death occurs within the first two years. Instead, what happens is the carrier pays back the premiums plus an additional interest.
For the first year with the NCE plan, if the insured dies, the beneficiary will receive an additional 20%. If death occurs within the second year, 20% of the policy coverage will be paid.
For example: If you’re insured for $25,000 and death occurs within year 2, your beneficiary will receive $5,000. If you’re insured for $50,000, then they will receive $10,000.
Access to NCE Membership Benefits
When you enroll in the NCE Generations Plus plan, you also become a part of their National Membership Network. This network provides you with added benefits on top of your final expense insurance coverage.
For the most part, the benefits are discounts to certain health-related items, such as:
- Vision Care
- Dental Care
- Prescription Discounts
- Pet Prescriptions
- Medical Supplies/Equipment
- Vitamins and Supplements
- Alternative Medicine
- Chiropractic Care
- Laboratory Work
- Imaging Work
- Access to 24/7 Health Lines
The Cons of NCE Guaranteed Life Insurance
Not a Whole Life Policy
Unlike 99% of guaranteed acceptance insurance plans available, NCE is NOT a Whole Life policy. It is a term policy with 5-Year Renewable Terms. This means that the monthly cost is “age banded”. Which leads to our second con…
Banded Policy Premiums
Age banded means that the price will increase as you age into higher “bands”.
Many people who purchase banded policies do so when they are younger and then realize that the premiums become cost prohibitive in their older years. We very rarely suggest purchasing a banded policy for this reason. There are many guaranteed acceptance products available with level premiums that are locked in from the day you make your purchase.
See below for the premium bands for NCE. Also, keep in mind that there is a $25.00 one-time enrollment fee at initial payment.
| Age Bands | $25,000 Death Benefit | $50,000 Death Benefit |
|---|---|---|
| 18 - 34 | $35 / month | $38 / month |
| 35 - 44 | $39 / month | $47 / month |
| 45 - 54 | $50 / month | $69 / month |
| 55 - 64 | $81 / month | $131 / month |
| 65 - 75 | $236 / month | $442 / month |
Very Limited in State Availability
The NCE Generations Plus GI policy is only available in the following states.
Alabama
Arizona
Arkansas
California
Colorado
Deleware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Michigan
Mississippi
Missouri
Nebraska
Nevada
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Pennsylvania
South Carolina
South Dakota
Tennessee
Texas
Virginia
West Virginia
Wyoming
You Can Only Keep Coverage Until Age 80
Unlike the Whole Life Guaranteed Issue policies available that last for the duration of a person’s life, the NCE plan expires at age 80. It is therefore not a smart purchase for someone who is older and likely to live until age 80.
Only Two Coverage Amounts
You are very limited in what coverage you can purchase. There are only two amounts, $25,000 and $50,000. If you were to purchase with one of the top guaranteed acceptance carriers, you have the ability to customize the coverage amount you want as long as it’s within their range. NCE is very limited in this regard.
Our Recommendation on NCE Generation Plus Guaranteed Issue Life Insurance
The NCE Generations Plus plan is not ideal for anyone who will need coverage for a long period of time. The banded premium amounts make it a much more expensive purchase than a whole life guaranteed acceptance policy. The only situation in which this policy makes sense is if you are very young and very ill. At that point, it may be your only option.
Ultimately, our recommendation for anyone considering a no questions policy is to work with an independent agency. At Guaranteed Issue Life, we are able to compare rates across multiple carriers, including NCE, to find the best price and value for you.
About Guaranteed Issue Life
We specialize in helping people who have been denied coverage secure affordable life insurance to protect their loved ones. This decision is very important, which means it’s also important that you compare your options and have an unbiased agent work directly with your individual needs.
Let us earn your business! Your call is 100% confidential and there is zero obligation to buy a guaranteed issue policy. Our services are also free of charge.
If you’re not ready to speak with an agent, you can also use the quote form on this page to compare rates instantly using your birthday and desired policy amount. No matter what, we want you to know that you have options in securing an affordable policy and the best time to get started is today.
Thanks for learning more about NCE Generation Plus Life Insurance! Contact us today or fill out our customized quote tool to learn about other options.
