Sons of Norway

Life Insurance from Sons of Norway

Sons of Norway can help your clients get more life insurance coverage for their premium dollars than a permanent policy would.

Sons of Norway is a fraternal life insurance company devoted to supporting people through all stages of life, while providing opportunities for a vibrant Norwegian culture experience.

The Founders’ goals were to protect members of Sons of Norway and their families from the financial difficulties experienced during times of sickness or death. Over time, the Sons of Norway’s mission has grown to include the preservation of Norwegian heritage and culture. They are now one of the largest Norwegian organizations outside Norway.

As of 2018:

• They are approximately 50,000 members strong with 360 lodges in North America and Norway
• Life insurance in force = $743,000,000
• Insurance certificates in force = 15,500

Product options for Insurance Agents

One Time Payment

Help your clients see how final expense life insurance can help keep their loved ones from paying these types of expenses out-of-pocket.

Simplified Issue Whole Life

• Clients ages 50-80
• They would rather not have a medical  examination
• They want between $25,000 and $50,000 in coverage to help cover expenses for funeral costs, medical bills or other expenses
• This may be in addition to the coverage they currently have

While talking about end-of-life is uncomfortable, planning for these expenses is important.

Guaranteed Issue Whole Life

• Clients ages 0-85
• Your client would rather not complete a medical exam (or may have medical conditions that would not result in approval with full underwriting)
• They want between $5,000 and $25,000 in coverage to help cover expenses for funeral costs, medical bills or other expenses
• This may be in addition to the coverage they currently have

Term insurance with Sons of Norway will help your clients get more life insurance coverage for their premium dollars than a permanent policy would. 

Term Life

• Clients ages 25-60
• 10, 15, 20 or 30 years of coverage
• Your client is in their peak earning years and would need to replace income if they were not around to support their family
• They want to be sure to leave funds for paying off the mortgage or other loans
• This may be in addition to the permanent coverage they currently have

Benefits of selling our Life Insurance Plans

Simple applicationWe want to make the process as easy as possible.

Customize the coverageAbility to protect the insurability of your client’s children as well as waive premium in the event of a disability.

Convertible to permanent insurance for Term LifeYour clients can decide at a later date to keep their insurance beyond the selected term.

Valuable conversion creditsIf they convert in the first five years, they will receive a conversion credit toward their new premium (not available in NJ).

Riders Available

1

Riders for Simplified Issue Whole Life

• Guaranteed Purchase Option
• Children’s Insurance Rider – available at issue

2

Riders for Term Life

• Children’s Insurance Rider – available at issue
• Waiver of Premium
• Terminal Illness Accelerated Benefit (not available in NY)

FOR AGENT USE ONLY – Cannot be distributed to the public or used in any consumer solicitation. Plans may not be available in all states. Contact Tidewater Management Group (National FMO) for more details at (888) 622-9122.

Get contracted for the Sons of Norway Plan

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