FAQs
What kind of life insurance plan is this?
This is a 20-year term life insurance plan that offers a variety of coverage levels: $50,000, $75,000, $100,000, $150,000 or $200,000. It's designed for people 18 to 50 who need increased financial protection when household expenses are greatest.
Why do I need this type of insurance?
This 20-year term life insurance coverage could provide a financial cushion for surviving family members. Rates remain level for the life of the policy and are based on your age when the policy begins.
How much term life insurance can I apply for today?
If you are between the ages of 18 and 50, you (and your spouse) can apply for $50,000, $75,000, $100,000, $150,000 or $200,000 in coverage.
How much coverage do I need?
Start by figuring out how much income your family would need to live on without you. Our calculator tool can help you determine the amount of coverage you need to protect your family.
Can my spouse apply too?
Yes. Not only can you begin the application process online, but your spouse (if aged 18-50) can begin the application process too.
Is there a Free Look Period on this coverage?
We want you to be confident you've made the right decision. When your arrives, you'll have 30 days (31 in South Carolina) to review it in detail. If you're not totally satisfied that the coverage meets your needs, simply return your within 30 days (31 in South Carolina) of receiving it for a full refund of premiums paid.
Do I have to take a medical exam?
A medical exam is not required for coverage amounts up to and including $100,000. Acceptance is based on information you provide. For coverage amounts over $100,000, a medical exam is required but will be provided at our expense and at your convenience.
What happens if I change jobs or retire while covered?
As long as the premiums are paid, the plan provides continuous coverage to the end of the 20-year term even if you change jobs or retire. You own the policy and can take it with you.
Policy Form #: SLC-BT20-0304 and SL-BT20-1204.