Life Plans For Adults and Children
Saving Bank Life Insurance, or SBLI, has been committed to providing life insurance nationwide to those in need since 1907. SBLI provides whole life plans for both adults and children and term life options for those seeking temporary coverage, so there’s something for everyone.
Term Life Insurance Options
If you are looking for temporary coverage, SBLI offers three kinds of term life plans that can keep you covered as needed.
- Guaranteed Level Premium Term Life insurance offers premiums that are guaranteed to remain level throughout the specified term of the policy. Term durations are 10, 15, 20, 25 and up to 30 years.
- Yearly Renewable Term Life insurance automatically renews every year (until the age of 90) and premiums increase with age.
- One Year Non-Renewable Term Life insurance guarantees coverage for one year and provides and affordable single premium. This plan is suitable for those who unable to commit to a long-term policy for financial or legal reasons (such as incomplete estate requirements).
SBLI’s term life plans, with the exception of the One Year Non-Renewable plan, offer a 30 day money-back guarantee. SBLI provides a 10-day (or 30-day, if this is a replacement) money-back guarantee for the One Year Non-Renewable plan.
Whole Life Insurance Options
Those seeking ultimate coverage can turn to SBLI’s Whole Life plan, which offers three options:
- Continuous Payment Whole Life offers lifetime coverage and a set premium for the entire life of the policy.
- Limited Payment Whole Life also offers lifetime coverage but allows you to pay for a set period of time (10, 15, 20 years or until age 65).
- Single Premium Payment Whole Life is a whole life plan that requires one single payment. This plan, while a low cost option, may be subject to tax penalties and income tax consequences under certain cash value circumstances.
Life Benefits For Children
Your children and grandchildren can benefit from SBLI’s whole life insurance plan as well. With their very own whole life policy which is independent from yours, they can be insured for life and receive certain benefits beyond what your plan offers them. This plan builds cash value at a tax free rate and allows your child/grandchild to receive dividends on their policy.
SBLI offers a 30 day money back guarantee for whole life insurance plans (for both adults and children), as well as several add ons like Accelerated Death Benefit, Children’s Level Term Rider Guaranteed Purchase Option Rider (rider availability varies with plan).
Call Today Schedule An Appointment
We welcome any individual or business who is interested in learning more about life insurance. We want to help you protect your family’s future with a policy that is customized to fit all of your needs. Please fill out our online quote form or call our Pembroke Pines or Coral Gables office to speak with an insurance broker today – se habla Español.