Standard Life and Accident Insurance Company (SLAICO) has introduced a newly upgraded final expense product, the AdvantageGuard Final Expense Whole Life product which offers graded death benefits.

Developed and released in late 2010, the upgraded AdvantageGuard benefits agents’ sales as well as their clients.

SLAICO said AdvantageGuard’s graded death benefits provide an alternative for applicants who do not qualify for immediate coverage but whose health issues do not make them completely uninsurable, allowing more number of applicants to qualify for the benefits of final expense product.

According to the SLAICO, the application is divided into two clearly defined pass-or-fail sections that allow the agent to determine at once if the applicant meets the criteria, reducing the application process time.