FAQs
What kind of life insurance plan is this?
This is a Short Term Life Insurance Plan because it is designed to last for 1 year. It is also considered Single Premium Life Insurance because you only pay one up-front premium payment. Coverage levels range from $25,000, $50,000, $75,000 and $100,000. It is designed for people ages 18-59 who are looking for coverage to hold them over between jobs and other temporary situations.
Why do I need this type of insurance?
If you are between jobs and find yourself without employer provided coverage - or if you are in a temporary situation where you need quality coverage to hold you over for a short period of time - then this is coverage you should strongly consider. Because you pay one up-front, single premium, rates are more affordable than if you made monthly payments for a plan during the same period of time. And benefits are paid for death due to covered illnesses and sickness in addition to injuries from accidents.
How much term life insurance can I apply for today?
If you are age 18-59, you (and your spouse) can apply for $25,000, $50,000, $75,000 or $100,000 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 age 18-59) 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 usually required. Acceptance is based on the information you provide. If an exam is needed, it's at our expense and your convenience.
What if I start a new job while covered?
Since you paid the premium up-front, the plan provides continuous coverage to the end of the 1 year term even if you start a new job. However, you can cancel your coverage at any time and any premium paid beyond the date of cancellation will be refunded.
Policy Form # SLTL1800GC and SLTL1800IP.