SIMPLIFIED ISSUE TERM LIFE INSURANCE
FROM SBLI
Life insurance doesn’t have to be complicated. SBLI has made it easy for you to get simple, affordable term life insurance to protect and provide for your family.
The Life Insurance Gap
48% of American households have a life insurance gap.¹ With SBLI, get the protection you need.
Choice of 10, 15, or 20-Year Level Term Life Insurance for ages 18-55
When you purchase life insurance from SBLI to protect your loved ones, you can get:
Coverage amounts
from $25,000 to $1,000,000, depending on age and income.
Guaranteed premiums
that stay the same for the selected initial term period. Plus, at the end of this level period, the policy can be continued to age 85 at annually increasing rates.
Completely digital experience
with no medical exam, phone calls or in-person appointments required.
Decisions in minutes
an easy online application that you can start and finish in minutes, with a decision on the spot.
Free lifetime subscription
to Life’s Mission Control, a secure digital vault with easy-to-use online tools to make sure loved ones can find everything left for them when needed.²
Convenient payment methods
choice of credit/debit card or bank draft.
Product Information
| Features | Simplified Issue Term Life Insurance | ||||||
|---|---|---|---|---|---|---|---|
| Product | Guaranteed Level Premium Term (10, 15, and 20 years) | ||||||
| Minimum/Maximum Coverage Amounts | Minimum: $25,000 Maximum: Age 18-50 – $1,000,000, Age 51-55 – $500,000 | ||||||
| Issue Ages |
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| Coverage Amount Pricing Bands | Band 1: $25,000 – $99,999 | ||||||
| Underwriting Process | Simplified Issue process with an on the spot decision | ||||||
| Policy Fee | Annual policy fee $50 | ||||||
| Payment Modal Factors | Premiums may be paid annually, semi-annually, quarterly or monthly.³ For premiums paid other than annually the following modal factors apply:
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| Health Class |
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| Rider | Accelerated Death Benefit Rider included at no additional cost, providing early access to a portion of the death benefit if the insured is diagnosed with a terminal illness |
SBLI
Since 1907, SBLI has been insuring lives and protecting families. We provide affordable, dependable life insurance for customers who need it. SBLI has been there for more than one million families with some of the lowest rates in the country and the peace of mind in knowing that their life insurance company is built on an unshakeable financial foundation. Our long history provides the assurance of integrity and promises fulfilled. We offer a convenient, price-competitive, term life insurance solution that can be completed in minutes and provides an immediate decision.
¹Turn Up The Volume, 2016 LIMRA Report. ²As per the respondents to the surveys in the LIMRA 2018 Insurance Barometer Supplemental Data Report. ³The available coverage amount varies by the age of the insured. ⁴SBLI has partnered with LegacyShield© to provide these services at no cost. Additional LegacyShield products may also be available for purchase. Your relationship or agreements with LegacyShield are separate from your relationship or agreements with SBLI. The kits your clients may be receiving access to through LegacyShield are not intended to be legal, tax, or investment advice. You should consult your own legal, tax, or investment advisor regarding your personal situation. SBLI has a financial interest in LegacyShield.
For the education of producers/brokers only. Not for use with the public. Products and features may not be available in all states. Policy Form Series 20-P-SIT. The Savings Bank Mutual Life Insurance Company of Massachusetts, Woburn, MA. ©2024 All rights reserved. NAIC #70435. 20-1102 12/20